News from "CoinDesk"

Crypto hackers have capitalized on Ethereum's price surge to liquidate stolen funds, profiting tens of millions by strategically selling ETH holdings.

Hyperbeat, a protocol for yield infrastructure on Hyperliquid, raised $5.2 million in an oversubscribed seed round led by ether.fi Ventures and Electric Capital, with participation from other investors including Coinbase Ventures.

BONK, a Solana-based meme token, stabilized after testing key support levels, with institutional traders showing interest in potential upside from its current consolidation zone.

The CoinDesk 20 Index showed a 1.0% increase, with Avalanche (AVAX) and Cardano (ADA) as top performers, both gaining 3.4%, while Internet Computer (ICP) and Chainlink (LINK) were laggards.

Circle plans to offer 10 million Class A shares at $130 each, a price more than quadruple its June IPO price of $31, as disclosed in a recent SEC filing.

Hong Kong's Securities and Futures Commission (SFC) is tightening custody standards for licensed crypto exchanges following a regulatory review that identified weaknesses in cyber defenses.

Cryptocurrency markets experienced significant liquidations totaling over $1 billion, with ETH, BTC, XRP, and DOGE dropping 9%, driven by macroeconomic factors and a sell-off following higher-than-expected U.S. Producer Price Index data.

Wall Street bankers and consumer advocates are calling for revisions to the GENIUS Act, a stablecoin law, arguing it bypasses state licensing and oversight, with broader crypto market regulation still pending.

Polygon's POL token fell 6% due to heavy selling triggered by higher-than-expected U.S. inflation data, contributing to a broader crypto market decline.

NEAR Protocol experienced significant volatility due to institutional selling, dropping 7% before recovering slightly to $2.83, with trading volume easing to around 100,000 tokens per minute.