What matters today
Headlines and short briefings we actually use when reading the market — filtered for relevance, not volume.
A hack targeting NEAR Protocol's Intents feature resulted in a loss of $3.8 million, but the team responded quickly, fixing the vulnerability within an hour and initiating user compensation. Some observers are framing the swift action as a positive sign.
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NEAR Intents general manager Alex Shevchenko said the protocol has identified the hacker behind a $3.8 million exploit and issued a 48-hour ultimatum for the funds to be returned.
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U.S. spot Bitcoin ETFs experienced $148.69 million in net outflows Wednesday, ending a nine-day inflow streak. Fidelity’s ETF saw the largest withdrawals, while a newly launched NEAR Protocol fund bucked the trend.
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NEAR Intents, a cross-chain protocol, reports it has blocked approximately $50 million in funds identified as originating from the recent Bitget exchange hack. The move highlights a divergence in approaches to handling illicit funds within the DeFi ecosystem.
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NEAR Protocol's native token exploded nearly 80% in a single week as its Intents framework surpassed $29.3 billion in cumulative volume, fueled by privacy-centric swaps involving Zcash and growing trader adoption.
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