Bitcoin Breaks ATH, Market Cap Soars Amidst Security Incidents

The cryptocurrency market experienced significant movements last week, marked by Bitcoin’s surge past $112,000 and a new record in market capitalization. This comes amidst security breaches and regulatory developments. 69,461 customers were affected by Coinbase’s data breach, while the Cetus DEX faced a suspected attack resulting in losses of up to $220-230 million. However, innovation continued with Kraken launching tokenized stocks on Solana, giving users access to trading over 50 tokens and ETFs. Meanwhile, Bitcoin saw increased institutional investment from Metaplanet and Strategy. While geopolitical tensions eased with U.S.-China talks resuming, security concerns remained with Coinbase data breaches and Cetus DEX attack.