One week out.
Lawmakers, regulators, and industry. One room in D.C. One topic: What's next for U.S. crypto policy?
Thu, Nov 19 · 8am–1pm ET
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THE BLOCK: Kava Lend lost roughly $3.8 million late Friday after an attacker inflated deposits in its dormant BUSD market 243,000-fold and borrowed out nearly all of its KAVA, onchain data shows.
The token is down nearly 40%. Kava says the incident is "not an infinite mint."
THE BLOCK: An Ethereum Foundation-linked wallet flagged by Lookonchain sold another 2,500 ETH on Saturday, bringing its sales since Monday to 7,500 ETH, or about $14.5 million.
The wallet has sold about 10,285 ETH since late October and still holds 7,500 ETH.
THE BLOCK: Louisiana AG Liz Murrill called CFTC Chair Michael Selig the "obsequious standard bearer" for Kalshi on Saturday, a day after the CFTC sued the state over its court order barring prediction markets.
A hearing is set for Nov. 30.
THE BLOCK: U.S. crypto ETFs lost about $1.55 billion last week.
Bitcoin funds took the biggest hit at $1.07 billion, their second straight week of 10-figure losses, while ether funds lost $398.9 million. Only one crypto ETF category saw any net inflows at all.