TechFlowPost reported that Bitmine appears to have transferred 25,000 ETH from BitGo, with the assets valued at about $40.93 million.

CryptoQuant said Bitcoin may form a bottom near its current realized price of about $53,600, but stressed that demand conditions remain “extremely unfavorable.”

Solana infrastructure company Helius has announced the acquisition of Light Protocol. The Light team will refocus on Solana privacy solutions, combining its cryptography expertise with Helius’ infrastructure and distribution strengths.

Analysts cited by ChainCatcher believe SpaceX’s upcoming IPO could add short-term pressure to Bitcoin and the broader crypto market, as some investors may sell Bitcoin, Ethereum and other high-risk assets to raise funds for the offering.

Solana infrastructure company Helius has acquired Light Protocol, bringing the team back to its original focus on privacy solutions while combining Light’s cryptographic expertise with Helius’ infrastructure and distribution strengths.

Solana infrastructure company Helius has acquired Light Protocol, bringing the team back to its original focus on Solana privacy solutions and ZK-based privacy infrastructure for use cases such as private payments and private DeFi.

Raydium confirmed that legacy AMM V3 program pools deprecated in 2021 suffered an unauthorized liquidity removal attack involving five pools, with losses totaling about $1.34 million.

Onchain Lens monitoring shows that a wallet suspected to be linked to Bitmine withdrew 25,000 ETH from BitGo, worth about $40.93 million.