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Crypto News Today: Bitcoin Inflow, KelpDAO Sues LayerZero, Bitget Gets Hacked

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Crypto News Today: Bitcoin Inflow, KelpDAO Sues LayerZero, Bitget Gets Hacked

Spot Bitcoin ETFs recorded USD 191 million in daily net inflows, led by BlackRock’s IBIT with USD 163 million.

The crypto market saw major developments as spot Bitcoin ETFs recorded USD 191 million in net inflows, while KelpDAO sued LayerZero over a USD 292 million exploit in April and Bitget suffered an exploit that drained USD 350 million. Also, Hyperliquid strategies bought USD 45 million in HYPE.

According to SoSoValue, yesterday the total net inflow of spot Bitcoin ETFs was USD 191 million. The spot Bitcoin ETF with the highest single-day net inflow yesterday was BlackRock's ETF IBIT, with a single-day net inflow of USD 163 million, bringing IBIT's cumulative historical net inflow to USD 65.18 billion. 

Second was Fidelity's ETF FBTC, with a single-day net inflow of USD 12.86 million, and FBTC's cumulative historical net inflow now stands at USD 11.01 billion. 

The spot Bitcoin ETF with the largest single-day net outflow was WisdomTree's ETF BTCW, with a single-day net outflow of USD 4.016 million. 

The total net asset value of spot Bitcoin ETFs is USD 108.91 billion, with the ETF net asset ratio reaching 6.43%, and the cumulative historical net inflow has reached USD 57.41 billion.

KelpDAO has taken its dispute with LayerZero into court, filing a lawsuit against the universal bridge protocol and co-founder Bryan Pellegrino over the USD 292 million exploit that hit the liquid staking project. 

The dispute stems from an April 22 attack that KelpDAO said involved its cross-chain bridge. A North Korean hacking group allegedly drained 116,500 rsETH worth roughly USD 292 million.


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