In a nutshell: A hacker who implanted malware in Ledger hardware deposited 885 ETH into Tornado Cash.
This is somewhat negative news, but the familiar pattern of a rebound after a drop triggered by bad news is nothing new. The key is the timing gap between the price movement and the news: whether the market reacted in advance or only afterward makes a difference.
$ETH —let’s add it to the watchlist for now.