Here is what happened yesterday in the crypto market:
Hashdex Aims to Include More Altcoins in its Crypto ETF
Hashdex has filed an amendment with the SEC to include Litecoin, XRP, and other cryptocurrencies in its Nasdaq Crypto Index U.S. ETF. This move signifies a growing interest in expanding crypto ETF offerings beyond Bitcoin and Ether.
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Crypto Users Targeted by Phishing Scams Impersonating Coinbase and Gemini
Reports have surfaced of increased phishing emails disguised as official communication from Coinbase and Gemini. These scams attempt to trick users into setting up wallets with pre-generated recovery phrases, putting their assets at risk. Crypto users should remain vigilant.
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Robinhood Enters Prediction Market with New Hub
Following the popularity of crypto-based platforms like Polymarket, Robinhood has launched its own prediction market hub in partnership with Kalshi. The platform will initially focus on events like NCAA basketball tournaments, potentially expanding to other areas later.
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OKX Suspends DEX Aggregator to Enhance Security
OKX has temporarily suspended its decentralized exchange (DEX) aggregator due to security concerns. This decision follows regulatory scrutiny in the EU regarding the potential misuse of the aggregator by groups like the Lazarus Group for laundering proceeds from hacks.
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US Treasury Secretary Suggests Tolerance for Market Corrections
U.S. Treasury Secretary Scott Bessent indicated that market corrections are healthy, suggesting a higher tolerance for market volatility before policy intervention. This implies a potential shift in the ‘Trump Put’ approach, where support was quickly offered to markets during downturns.
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