Crypto Market Recovers Post-Flash Crash: Bitcoin Above $74K, Ethereum Over $2.3K

US spot ETFs for Bitcoin and Ethereum recorded net inflows for the fifth consecutive day yesterday, totaling $307.5 million and $184 million respectively. This sustained institutional demand underscores growing confidence in digital assets as an asset class and supports recent price movements.

XRP has seen an impressive nearly 20% surge in the last 24 hours, technically erasing a previously feared "death cross" pattern. This strong rally, pushing XRP to $1.31, is underpinned by high trading volume and positive funding rates, indicating robust bullish momentum.

PeckShield reported that The Sandbox was hacked, resulting in the abnormal minting of 14.9 billion SAND tokens. This incident raises serious questions about the project's security and the potential dilution of tokenomics, which could significantly impact the value of the SAND token.

Mining giant Bitdeer sold all 265.6 Bitcoins mined this week and continues to hold zero BTC in its reserves. This strategy of immediately liquidating freshly mined coins can exert short-term selling pressure on the Bitcoin market but also reflects an operational decision to cover operating costs.

Binance has granted AI bots trading licenses, opening new avenues for automated trading but also raising concerns about the robustness of the implemented safeguards. The platform must ensure this integration does not lead to increased market manipulation or uncontrolled trading events.

A poll indicates that 63% of Americans believe Trump crossed the line on crypto, a sentiment relevant to the CLARITY Act's ethics clause. This political climate underscores the increasing regulatory and ethical scrutiny facing the crypto sector in the US.