📰 Today’s News

🔥 Exploiting a vulnerability in SingularityNET leads to unauthorized token minting

A hacker exploited a security flaw in a SingularityNET bridge contract, resulting in the illegal minting of 260 million AGIX and 53.838 million WMTx on the Ethereum network. The attack caused losses estimated at around $2.01 million, mainly resulting from the theft of FET from a Fetch.ai token converter.

⚡ A bill to clarify digital asset markets stalls in Congress

The Digital Asset Market Clarity bill, which aimed to define various cryptocurrencies and related assets and clarify regulatory authority, stalled in Congress. This development likely means that regulators will play a more active role in shaping crypto policy, as SEC Chair Paul Atkins noted.

📉 Bitcoin OTC reserves fall to a new record low

Known Bitcoin reserves that are traded over-the-counter (OTC) and held in OTC platform addresses dropped to a new record low of about 123,000 BTC. This figure is significantly lower than the nearly 500,000 BTC in September 2021, suggesting a decline in the amount of supply readily available to OTC desks.
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