Bitget Hack Drains $352M, Treasury Yields Ease, Bitcoin ETFs Hit $2.8B Six-Day Streak

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Let's get into it. Bitcoin is trading at $84,459 this morning, holding firm despite a $352 million security breach at Bitget Exchange. CEO Gracie Chen confirms spoofed backend transfers drained hot and warm wallets. Bitget suspects North Korean hackers based on VPN patterns. And the exchange's $464 million protection fund covers all losses. Markets shrugged off the hack, a sign of maturity compared to past exchange breaches. Treasury yields pulled back after hitting 19-year highs yesterday, with the 10-year easing to 5.17%.

Bond volatility spiked to 104 on the move index, highest since March, while Bitcoin and equity volatility remained subdued. That divergence signals underlying strength in risk assets. Oil fell below $105 on reports of US-Iran straight of Hormuz negotiations. Bitcoin ETF flows hit 2.8 billion over six consecutive days. BlackRock's IBIT accounted for 1.35 billion, nearly half the total. Year-to-date net inflows now stand at 787 million. Altcoins rallied hard with 93 of the Coindesk 100 constituents up, led by Quant surging 39%. Regulatory and infrastructure is accelerating. The Fed proposed capital rules for stablecoin issuers. 2% capital charge on the first 20 billion, declining to 1% above 50 billion. The CFTC cleared commodities firms to invest customer funds and tokenize assets.

Seven UK banks, including Barclays and HSBC, completed the world's first live interbank transactions using tokenized pound deposits. KelpDAO filed suit against LayerZero over April's $292 million bridge exploit, alleging undisclosed protocol weaknesses enabled the attack. Derivatives positioning remains extremely bullish. Whale-long-short ratio hit 1.33.

Traders are watching 87,000 resistance and 76,000 to 77,000 support. That wraps your market intel. Trade smart out there. For deeper insights and real-time analysis, visit capitalcopilot.io.