Here is what happened yesterday in the crypto market:
CoinMarketCap Hacked to Display Wallet Phishing Pop-Ups
Hackers exploited a vulnerability on CoinMarketCap, injecting malicious code via a seemingly harmless doodle image. This triggered fake wallet verification pop-ups across the site, potentially tricking users into compromising their crypto wallets. CoinMarketCap has since addressed and removed the malicious notification.
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ARK Invest Sells More Circle Shares After IPO Surge
ARK Invest, led by Cathie Wood, continued to reduce its holdings of Circle (CRCL) shares following the stablecoin issuer’s IPO. This move comes after Circle’s stock experienced a significant surge. The flagship ARK Innovation ETF (ARKK) saw the most substantial reduction.
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Bitcoin Price Dips Amid Weakening Retail Sentiment
Bitcoin’s price is struggling, currently hovering around $103,700, as macroeconomic pressures intensify and retail investor sentiment weakens. This reflects a cautious market environment for the leading cryptocurrency.
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UK Crypto Regulation Lags Behind EU and US
Experts and market participants are criticizing the UK’s unclear regulatory stance on digital assets. They are citing “policy procrastination” as the main reason. The UK is now behind both the EU and the US in establishing comprehensive crypto regulations. This lack of clarity could hinder innovation and investment in the UK crypto space.
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Michael Saylor Predicts Bitcoin Reaching $21M by 2046
Michael Saylor, the founder of Strategy, has reiterated his bullish stance on Bitcoin, projecting its value to reach $21 million by 2046. This long-term forecast underscores Saylor’s confidence in Bitcoin’s potential for significant growth and adoption.
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