JPMorgan analysts reported on Thursday that Bitcoin is gaining ground at the expense of gold as a debasement trade hedge against weakening fiat currencies. Blockchain firm BTCS plans to raise up to $57.8 million to purchase ETH, viewing it as a critical moment for the asset. Ark Invest invested $9.4 million in eToro shares on Wednesday, while Coinbase is offering a $20 million bounty related to a data breach.
Coinbase is battling an extortion attempt and fears data breach costs could reach $400 million. The exchange launched a $20 million bounty for information leading to the conviction of attackers who tried to extort them by threatening to leak stolen customer data. MetaMask co-founder Dan Finlay indicated that a native token is still a possibility.
Cathie Wood's Ark Invest acquired $9.4 million in eToro shares upon its Nasdaq debut on Wednesday. This continues their strategy of supporting crypto-related firms at IPO, similar to their investment in Coinbase in 2021. Smart wallet adoption is surging, with over 11,000 EIP-7702 authorizations on Ethereum within a week of its Pectra upgrade.
This article is based on our author's analysis of materials taken from the following resources: news.bitcoin.com.