Episode 522
📍 Illinois Senator Dick Durbin has introduced the Crypto ATM Fraud Prevention Act to curb rising crypto ATM scams, proposing strict transaction limits and mandatory refunds for victims who report fraud within 30 days.
📍 U.S. Bitcoin ETFs saw a record daily outflow of over $930 million as investors withdrew funds due to dwindling basis in CME futures, making carry trades less appealing compared to the 10-year Treasury note.
📍 Hackers are using fake GitHub code to steal Bitcoin, with the "GitVenom" campaign active for at least two years, planting malicious code in seemingly legitimate projects and resulting in significant losses, including over $400,000 in one instance.
📍 The SEC has acknowledged Grayscale's revised staking proposal for its Ethereum ETF, which would allow the fund to earn staking rewards while maintaining existing custody protections, with a decision expected within 45 days.
