🔥 24H News Hot List

DMM Bitcoin Lost $305 Million in Bitcoin Due to Security Breach.

Japan-based cryptocurrency exchange DMM Bitcoin has suffered a serious security breach that resulted in the theft of more than $300 million in Bitcoin. The security breach involved the theft of 4502.9 Bitcoin from the exchange's wallet. DMM Bitcoin has taken steps to prevent further unauthorized outflows and promised a full refund to all affected users. The company also announced that it will cover the losses with the support of its group companies. The incident is one of the largest financial losses in the cryptocurrency industry to date due to hacking.

Yesterday, the total net inflow of BTC spot ETFs reached $48.74M, marking 14 consecutive days of inflows.

In the United States, Bitcoin spot ETFs have maintained net inflows for several consecutive days. In terms of net inflows, BlackRock's iBit and Fidelity's FBTC have been leading the way, while Grayscale's GBTC has seen net outflows. Since its launch, the total net inflow of Bitcoin spot ETFs has reached billions of dollars. This inflow reflects the growing confidence and interest in Bitcoin ETFs as a cryptocurrency investment vehicle.

US President Joe Biden vetoed the repeal of SAB 121.

US President Joe Biden vetoed the repeal of SAB 121. Joe Biden said he vetoed the resolution because "he will not support measures that could harm the welfare of consumers and investors."

Tether invested $100 million in Bitcoin mining company Bitdeer.

BitDeer Technology Group (NASDAQ: BTDR) has completed a $150 million private placement with participation from Tether. The fundraising involved a subscription agreement with Tether International Limited for the private placement of 18,587,360 Class A common shares with an option to purchase up to 5,000,000 additional shares at a price of $10.00 per share, with the transaction closing on May 30, 2024. The transaction raised a total of $100 million through the equity offering, with the potential to raise an additional $50 million if the option is fully exercised. BitDeer plans to use the net proceeds to expand its data centers, develop ASIC-based mining machines, and as working capital and other general corporate purposes.