Crypto Markets See Major Developments as Spot Bitcoin ETFs Inflows Soar
Spot Bitcoin ETFs recorded $189 million in daily net inflows, led by BlackRock's IBIT with $144 million. This is a significant boost to the crypto market, which has been experiencing fluctuating prices lately.
The cross-chain liquidity protocol Maya Protocol was not as fortunate, however. It halted its MAYAChain network after an exploit drained around $1.7 million in Bitcoin and other assets, causing roughly $11 million in total losses. The founder of Maya Protocol stated that the attacker exploited 20 BTC, worth about $1.4 million, plus roughly $300,000 of other assets.
Strategy, a company led by Michael Saylor, raised $333.7 million through common-stock sales last week without buying any Bitcoin. This is a departure from its usual pattern of using equity issuance to expand its cryptocurrency treasury.