Update
Binance Hack and Institutional Demand
Binance reported a $6.3 billion hack, leading to Bitcoin trading near $78,000. On Friday, $643 million in spot Bitcoin ETF outflows signaled weakening institutional demand. Binance has taken actions in response to the hack. Small cap cryptocurrencies gained, with MEET48, Hookr.fun, Gigachad, PUMPCADE, and Dolphin AI leading gains. Recent funding rounds include Stablestock backed by Amber Group, Trade.xyz backed by Intercontinental Exchange (ICE), and Marketnode backed by Stellar Development Foundation.