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🔐 Bitget CEO Confirms $380M Loss in Security Breach

Bitget CEO Gracy Chen has publicly confirmed that the exchange suffered a $380 million theft resulting from a security flaw in the platform.

Chen's disclosure marks one of the larger publicly acknowledged losses by a centralized exchange due to a security breach. No further details on the nature of the vulnerability or the status of affected funds were provided in the announcement.

The incident highlights ongoing security risks facing centralized crypto platforms and the scale of potential exposure when critical vulnerabilities are exploited.

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📈 Bitcoin ETFs Pull In $2.4B in Best Week Since October

U.S. spot Bitcoin ETFs recorded $2.4 billion in net inflows last week, marking the strongest weekly figure since October 2025, even as daily momentum slowed when Bitcoin pulled back from above $87,100.

Ether and XRP ETFs also attracted fresh capital during the same period, pointing to broader institutional appetite across multiple assets — not just Bitcoin.

The $2.4B weekly figure places last week among the standout periods for ETF demand since spot products launched in the U.S.

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🔷 Buterin outlines Ethereum's long-term cryptographic vision

Vitalik Buterin has published a roadmap for Ethereum's development beyond the upcoming Hegota upgrade, describing a future he calls a "cryptographic world computer."

The Hegota upgrade is expected to address censorship resistance and wallet flexibility. Looking further ahead, Buterin's vision centers on proof aggregation — combining zero-knowledge proofs across the network — alongside a commitment to open research as a foundation for the protocol's evolution.

The broader plan signals that Ethereum's technical ambitions extend well past near-term upgrades, with cryptographic scalability and decentralization remaining the core long-term goals.

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🔐 $83M in Stolen XRP From Bitget Hack Moving On-Chain

Over $83 million in XRP stolen from the Bitget hack is being moved by the attacker, with approximately $75 million already in transit across the XRP Ledger.

Because Ripple has no ability to freeze wallets on the XRP Ledger itself, centralized exchanges represent one of the few remaining checkpoints where the funds could be intercepted before the attacker cashes out.

The movement signals an active laundering attempt. Users and platforms holding XRP should monitor on-chain activity, as exchanges are now the critical line of defense in tracing or halting the stolen assets.

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📈 Bitcoin ETFs Pull in $5.3B After Treasury Buyback Signal

U.S. spot Bitcoin ETFs have attracted $5.3 billion in net inflows since the Treasury announced plans for larger long-bond buybacks, with $2.4 billion of that total coming in last week alone.

The move suggests institutional investors may be rotating into Bitcoin exposure as macro conditions shift — though the direct link between the buyback announcement and ETF flows is observational, not confirmed.

Bond market dynamics are increasingly being watched as a potential driver of crypto capital flows.

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⚖️ SEC, CFTC and Fed Move to Write Crypto Rules After Clarity Act Fails

The Clarity Act failed to pass the Senate, prompting the SEC, CFTC, and the Federal Reserve to begin drafting crypto regulations independently within days of the vote.

With congressional legislation stalled, U.S. financial regulators are now moving to define the rules for digital assets through their own rulemaking authority rather than waiting for a legislative framework.

The shift marks a significant change in how crypto regulation may take shape in the U.S. — through agency action rather than statute, a path that carries different legal weight and is more vulnerable to future reversal.

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🔐 LayerZero Sued Over $292M rsETH Bridge Exploit

KelpDAO's parent company Evercrest Technologies has filed a lawsuit against LayerZero over the April 18 rsETH bridge exploit, escalating a public dispute over who bears responsibility for the attack.

Evercrest alleges that security failures on LayerZero's side enabled attackers to steal 116,500 rsETH — valued at approximately $292 million at the time. The company also disputes subsequent public statements from LayerZero that placed blame on KelpDAO's bridge configuration. LayerZero co-founder Bryan Pellegrino is also named in the dispute.

The case highlights the legal risks that can emerge when cross-chain infrastructure exploits occur and multiple parties share control over bridge components.

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