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🔥🚀 Terra's $4M Hack, Bitcoin's $3B Transfer & Wall Street's ETH Gold Rush

Welcome back! This is Crypto Ballers, the best place to read crypto news in 2 minutes! In todays newsletter:

- 🔥🔧 Terra Blockchain Faces $4M Exploit Crisis!
- 🔥🪙 Bitcoin Holds Steady Despite $3B Transfer
- 🔥🔍 Nomura’s Crypto Coup: Wall Street’s Ethereum Gold Rush Revealed

NEWS
🔧 Terra Blockchain Faces $4M Exploit Crisis!

The Terra blockchain was halted following an exploit that drained over $4 million in tokens, including 60 million ASTRO, causing ASTRO's price to plummet. The network resumed after an emergency patch, but the incident exposed vulnerabilities in the inter-blockchain communication protocol, resulting in sharp declines in Terra's LUNA and ASTRO tokens.
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NEWS
🪙 Bitcoin Holds Steady Despite $3B Transfer

Despite $3 billion in Bitcoin moving from a Mt. Gox-affiliated wallet, Bitcoin prices remained steady. Analysts suggest the market’s muted response is due to Mt. Gox creditors being long-term holders unlikely to sell, and the market having already anticipated these transfers. This stability reflects a well-absorbed impact from the movement of such a large amount.
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NEWS
🔍 Nomura’s Crypto Coup: Wall Street’s Ethereum Gold Rush Revealed

Laser Digital, a Nomura subsidiary, has teamed up with Dinero to introduce IpxETH, an institutional liquid staking token backed by Dinero's pxETH. Aimed at institutional investors, IpxETH offers exposure to Ethereum staking yields and serves as an alternative to spot Ether ETFs, combining staking benefits with ETH exposure.
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