Bitcoin ETFs in Red for 6 Weeks in a Row Amid Major Filings From Franklin Templeton
Franklin's filings envision more BTC ETFs buying through dividend payments from US stocks.
Weekly: bitcoin searches for a bottom, the Fed "without surprises," a crisis and a different course for mining, and Binance's problems in the EU
The Incrypted editorial team has prepared for you another digest of the main events in the Web3 sphere over the week. In it we will tell you about signals of a possible bitcoin bottom and the accumulation of the asset by whales, the first Fed decision under Warsh and the uncertainty between the U.S. and Iran, the profitability crisis of bitcoin miners and their pivot toward AI infrastructure, as well as Binance's problems with…
Axelar reports a Secret Network bridge hack worth $4.67 million
On June 19, the blockchain project Axelar disclosed a hack of its bridge with the Secret Network protocol. The attacker withdrew about $4.67 million by exploiting an "infinite mint" vulnerability. We analyzed the Secret Network incident. An attacker exploited an infinite-mint bug in a modified CW20-ICS20 token contract on Secret to drain ≈$4.67M. The attacker minted arbitrary Secret-wrapped…
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