PDAXScope: Bitcoin drops below $90K

Bitcoin tumbles under $90K amid ETF sell-off, mounting liquidations (Cointelegraph)

Bitcoin has fallen below $90,000 as U.S. Bitcoin ETFs pulled out $516 million in one day, as reported by Cointelegraph. Growing tensions between the U.S. and China, along with recent crypto hacks, have shaken investors, causing $1.3 billion in liquidations in the last 24 hours.

FBI says North Korea was responsible for $1.5 billion ByBit hack (Reuters)

The FBI has identified North Korea as the culprit behind a $1.5 billion theft from cryptocurrency exchange ByBit as reported by Reuters. The hackers, referred to by the FBI as "TraderTraitor," swiftly converted the stolen assets into Bitcoin and other cryptocurrencies, dispersing them across numerous blockchain addresses. ByBit reported that an attacker gained control of an Ether wallet, transferring its holdings to an unknown address.

The U.S. War on Crypto Isn’t Over (CoinDesk)

The U.S. crypto industry still faces regulatory challenges despite a more relaxed federal stance as reported by CoinDesk. While the SEC and CFTC have eased up, state regulators and Attorneys General continue to crack down on crypto firms, highlighting that regulatory uncertainty is far from over.

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