Bitcoin spot ETFs recorded $90.66 million in net outflows, with BlackRock's IBIT saw the largest withdrawal of $96.6 million
A hacker stole approximately $2.19 million from Aztec Connect's legacy smart contract, exposing the growing security risks posed by dormant or "zombie" contracts
Hyperliquid faced criticism after reports emerged that wallets linked to the sanctioned exchange HTX were being restricted
The crypto markets saw major developments as Bitcoin spot ETFs witnessed $90.66 million in net outflows, while Ethereum spot ETFs saw $12.77 million in withdrawals. Meanwhile, concerns around security rose after the Aztec Connect exploit of $2.19 million, as Algorand laid plans for its blockchain to go quantum-resistant by 2027.
According to SoSoValue, the Bitcoin spot ETF saw a total net outflow of $90.66 million yesterday.
The Bitcoin spot ETF with the highest net inflow yesterday was Morgan Stanley's ETF MSBT, with a daily net inflow of $10.43 million, and the total historical net inflow of MSBT currently stands at $300.73 million.
The Bitcoin spot ETF with the highest net outflow yesterday was BlackRock's ETF IBIT, with a daily net outflow of $96.6 million, and the total historical net inflow of IBIT currently stands at $62.07 billion.
The total net asset value of Bitcoin spot ETFs is $78.32 billion, with an ETF net asset ratio of 6.19%. The historical cumulative net inflow has reached $53.40 billion.
Hyperliquid faces backlash following the implementation of strict restrictions on digital wallets. Multiple reports from users on on-chain analysis networks indicate that the protocol is systematically blocking accounts with indirect connections to the centralized exchange HTX.
The origin of the conflict lies in the sanctions imposed by the UK government on May 26 against Huobi Global SA, a firm operationally linked to HTX.
According to UK information, HTX allegedly facilitated the movement of over $1.5 billion in digital assets to the Russian economy through the payment network named A7.
British statutes require the freezing of assets exclusively from virtual asset service providers (VASPs) under their direct jurisdiction.
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The Algorand Foundation has a security plan to make its blockchain network resistant to potential quantum-computing attacks by the end of 2027.
The initiative seeks to protect infrastructure and digital assets before the development of computers capable of breaching current cryptography. The plan contemplates upgrading user accounts and core components of the network.
According to the foundation’s official documentation, the rollout of the initial phases will begin in 2026. Currently, there are no quantum computers capable of breaking the encryption of Bitcoin or other major networks.
However, tech companies like IBM, Amazon, and Google project having systems ready by the year 2030.
A hacker drained approximately $2.19 million from a deprecated Aztec Connect smart contract, exposing an increasingly significant security threat within decentralized finance: the danger posed by dormant blockchain infrastructure that remains active long after protocols have been abandoned.
Blockchain security firm SlowMist said the exploit targeted Aztec Connect’s legacy RollupProcessorV3 contract, allowing an attacker to extract funds, including ETH, DAI and wrapped staked Ethereum through what researchers described as a flaw involving transaction counts and decoded data slots.
The Aztec Connect incident illustrates how attackers increasingly search for vulnerabilities in forgotten infrastructure that may receive little ongoing monitoring or maintenance. Security researchers often refer to such systems as “zombie contracts.”
According to SoSoValue, Ethereum spot ETFs recorded a total net outflow of $12.7674 million yesterday.
The Ethereum spot ETF with the largest single-day net outflow yesterday was BlackRock’s ETF ETHA, which saw a net outflow of $12.7674 million.
ETHA’s cumulative historical net inflow has reached $11.316 billion. The total net asset value (NAV) of Ethereum spot ETFs stood at $9.304 billion, with the ETF NAV ratio at 4.51%. The cumulative historical net inflow has reached $11.176 billion.
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Bitcoin spot ETFs witnessed $90.66 million in net outflows as institutional investors continued reducing exposure amid uncertain market conditions. BlackRock's IBIT accounted for the largest single-day withdrawal of $96.6 million.
Hackers exploited a vulnerability in Aztec Connect's deprecated RollupProcessorV3 smart contract, stealing around $2.19 million worth of ETH, DAI and wrapped staked Ethereum, highlighting risks associated with inactive DeFi infrastructure.
Hyperliquid has reportedly restricted wallets indirectly linked to HTX following UK sanctions against Huobi Global SA. The move has sparked concerns within the crypto community over compliance measures and wallet censorship.
The Algorand Foundation plans to upgrade its blockchain between 2026 and 2027 to protect users from future quantum-computing threats, even though current quantum computers cannot yet break modern blockchain encryption.
Ethereum spot ETFs recorded a $12.77 million net outflow, entirely from BlackRock's ETHA ETF. Despite the outflow, Ethereum spot ETFs continue to hold $9.304 billion in net assets with cumulative inflows exceeding $11.17 billion.