Crypto investment products recorded $1.4 billion in inflows last week as Bitcoin almost touched $78,000, with assets under management rising to $154.8 billion. Cryptocurrency investment products logged another week of strong inflows on ceasefire optimism and a Bitcoin price breakout driving investor sentiment. Crypto exchange-traded products (ETPs) posted $1.4 billion in inflows last week, beating the prior week’s $1.1 billion and marking the second-largest weekly inflow since January, CoinShares reported on Monday. Following the three-week inflow streak totaling $2.7 billion, crypto ETPs now have net year-to-date inflows of around $3.8 billion, with assets under management (AUM) at $154.8 billion — the highest level since early February, after dipping as low as $128 billion in March. Read more
Romania will receive EUR2 billion in funding for major investment projects, among which almost EUR1 billion for the retooling of Reactor 1 at the Cernavoda Nuclear Power Plant and EUR495 million for Transgaz projects, following talks between Finance Minister Alexandru Nazare and representatives of the World Bank Group in Washington.
LayerZero said that Kelp’s DVN setup allowed the $290 million exploit, as investors questioned which protocol would step up to cover the shortfall. Interoperability protocol LayerZero claims that an inadequate setup tied to Kelp’s decentralized verifier network (DVN) enabled malicious actors to steal $290 million from Kelp DAO, adding that preliminary signs point to North Korea-linked threat actors. An attacker drained about 116,500 Restaked ETH (rsETH), worth as much as $293 million at the time, from Kelp DAO’s LayerZero-powered rsETH bridge on Saturday. LayerZero said Monday that the exploit stemmed from a single point of failure in Kelp’s setup, which relied on a single LayerZero DVN as the only verified path, despite LayerZero previously advising them against this. Read more