Bitcoin Reclaims One-Year Average, But 200-Day Level Remains Key Test

Crypto Casino Duelbits Taken Offline After $7M Hot Wallet Breach

Crypto gambling platform Duelbits has gone offline following a cyberattack that drained its hot wallets of approximately $7 million. The attackers targeted wallets across four separate blockchain networks in the breach. Around $6 million of the stolen funds have since been consolidated into a single Ethereum address. The incident highlights ongoing security vulnerabilities facing crypto-based gaming platforms.

Bitcoin Bear Markets Growing Milder as Institutions and ETFs Reshape Cycles

Bitcoin's most recent bear market was notably less severe compared to previous downturns in its history. The growing presence of institutional investors and the introduction of Bitcoin ETFs are credited with tempering the depth of the decline. These developments point to a maturing market that is gradually stabilizing Bitcoin's notorious boom-and-bust cycles. Analysts suggest that if bear markets are softening, future bull markets may also follow a similarly reshaped pattern.

UK Banks Complete World's First Interbank Transactions Using Tokenized Deposits

Barclays, NatWest, HSBC, and other major UK banks have successfully completed what is being described as the world's first interbank transactions using tokenized deposits. The trials involved real-world use cases, including remortgage processing and a marketplace payment test. Unlike earlier experiments confined to a single institution, these transactions moved bank-issued digital cash across multiple financial entities. The milestone marks a significant step forward in the practical application of tokenized money within traditional banking infrastructure.

Crypto for Advisors:The hidden costs of holding your own bitcoin