Today, in Crypto, the X Elona Muska platform was a target of cyber attack, while Crypto Exchange (ECtHR) commercial products recorded the fourth week of outflows, and losses over the last commercial week in the amount of $ 876 million. Meanwhile, the Utah Senate adopted a bitcoin bill – but without the originally proposed Bitcoin Reserve reserve.
Elon Musk: There is a “massive cyber attack against X”
Platform X Social Media X was affected by a “massive cyber attack”, which prevented some users from accessing the site, confirmed by the owner of the platform Elon Musk on March 10.
“We are attacked every day, but it was done with a lot of resources. There is a large, coordinated group and/or country – said Musk.
Although the user’s functionality was quickly restored, Musk suggested that the attack was still in progress.
According to March 10, there were over 33,000 reports about 2 Marce Down.
Musk confirmed the cyber attack in response to a social media user who detailed A series of attacks on the business of the entrepreneur, from protests against the Department of Government Efficiency (Doge) to the vandalism of Tesla stores.
How NBC News It reported that there were at least 10 acts of vandalism against Tesla stores and vehicles, probably in response to the involvement of the billionaire entrepreneur in the White House of Trump.
Source: Elon Musk
Crypto NTPs see the fourth in a row outflows, with a total value of $ 876 million
After publishing record weekly outflows last week in the amount of $ 2.9 billion, Crypto NCPs continued its inheritance trend, increasing four -week outflows to $ 4.75 billion, Coinshares Reported March 10.
While the pace of drainage slowed down, the mood of investors remained bear, according to James Butterfill, the head of research at Coinshares.
The analyst also suggested that the market showed signs of surrender.
Bitcoin (BTC) ETP was the main driving force of the outflows, which is $ 756 million, or 85% of the total number last week. Short bitcoins ETP also recorded flows of $ 19.8 million, most from December 2024.
In the case of cumulative drains reaching $ 4.75 billion in the last four weeks, the annual revenues have dropped to $ 2.6 billion.
CRYPTO CRYPTO flows from the end of 2024. Source: Coinshares
Butterfill noticed that managed assets (AUM) fell by $ 39 billion to $ 142 billion, the lowest point from mid -2024, powered by both negative price movements and continuous outflows.
This bear’s fondness was also observed among the wide range of Altcoins last week, and ETHER (ETH) ETP saw $ 89 million outflows.
According to the TRON (TRX) and Aave (Aave) reports, they were also one of the most significant losers of the ECS, seeing $ 32 million and $ 2.4 million, respectively.
The Utah Senate provides a bitcoin bill – but Recraps a key recipe
The Bitcoin Act in Utah (BTC) has passed the state senate, but without the cornerstone clause that would make it the first state of the US with its own Bitcoin reserve.
HB230 “Blockchain and digital changes in innovation” Bill Now it provides UTAH citizens with basic protection of care protection, the right to extract bitcoins, start the knot and participate in standing, among others.
The bill is now heading to the Governor’s desk Utah Spencer Cox to sign the law.
Senator Utah Kirk A. Cullrimore confirmed the HB230 amendment to scrap the reserve clause. Source: State legislator Utah
The reserve clause would authorize the Utah treasurer to invest up to 5% of digital assets with market capitalization over $ 500 billion in the last calendar year on five state accounts. It was scrapped in the third and last reading.
“There have been many problems related to these provisions and early acceptance of this kind of politician,” one of the sponsors of the Act, senator Kirk A. Cullrimore, he said During the floor session on March 7 at Utah.
“All this has been demolished from the bill.”