#Bitcoin 's Relative Strength Index (RSI) hits its lowest monthly reading since 2022.
Bitcoin's monthly RSI has fallen to its lowest level since the 2022 bear market, indicating a weakening of momentum compared to previous months.
Historically, the RSI reaching these levels on a monthly timeframe has often coincided with periods of selling pressure followed by recovery phases and renewed momentum.
However, this indicator alone is not enough to confirm a trend reversal and must be interpreted alongside price action and other fundamental factors.
#Circle Receives Final Approval from the US to Establish a Cryptocurrency-Specialized Trust Bank
After previously receiving conditional approval, Circle has now received final approval from the Office of the Comptroller of the Currency (OCC) to establish a national trust bank.
As a federally regulated bank, Circle National Trust Bank will manage its USDC reserves and hold crypto assets on behalf of institutional clients.
Shares of $CRCLB L rose 13% in premarket trading following the news.
🚨 A vulnerability in #Aptos that could have put $70 billion in assets at risk
Two security researchers (ethical hackers) achieved a near 90% success rate in exploiting a vulnerability within the Aptos network's core consensus mechanism (Consensus), using a server that cost less than $3,000.
The experiment revealed a vulnerability that could theoretically have put up to $70 billion worth of assets on the network at risk before it was discovered and patched.
Remarkably, executing the attack cost only a few hundred dollars, highlighting how a low-cost exploit could have threatened one of the largest Layer 1 networks in the cryptocurrency market, had the vulnerability not been patched in time.