What happened this weekend in the crypto market?


• Over $605 million was lost on crypto platforms in less than 20 days due to cyberattacks
• KelpDAO's hacker stole more than $280 million on Ethereum and Arbitrum
• Americans now hold more Bitcoin than gold according to River
• More than 80% of Bitcoin ETFs in the United States rely on Coinbase as custodian
• Strategy is about 18,000 BTC away from surpassing BlackRock's IBIT ETF
• The U.S. stock market has gained $7.3 trillion in market capitalization since March 30
• The S&P 500 closed at a record 7,126 points
• Russia proposed a law criminalizing unregistered crypto services
• 65% of institutions now see cryptocurrencies as a diversification tool according to Nomura
• Charles Schwab and Citadel Securities are interested in prediction markets
• Polymarket is discussing a $400 million raise for a valuation of $15 billion
ETH-0.99%
ARB0.81%
BTC-0.24%
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