Bitcoin holders are cashing out, just not the way they did at prior market tops

In this news:

Bitcoin ETFs have erased a $5.8 billion hole (CoinDesk): They've poured billions into U.S.-listed spot bitcoin exchange-traded funds (ETFs) in recent weeks. The result: these ETFs now sit on nearly $800 million in net inflows for the year. That's a 180-degree turn from the red ink earlier this year.

Bitget's $352 million hack happened via spoofed transfers, not private keys, CEO Gracy Chen says (CoinDesk): Crypto exchange Bitget lost $351.6 million in an overnight hack. CEO Gracy Chen said attackers faked transfer requests to drain funds but did not steal “private keys.” That distinction matters and points to a less alarming attack vector.

Stocks weather bond storm, oil retreats slightly (Reuters): Global stocks headed for their best weekly performance since early August, as AI euphoria and the prospect of ​an improvement in Middle East energy supplies won out over surging bond yields for now. Oil prices retreated as traders weighed up the possibility of a ‌truce between the United States and Iran.

Stock futures are little changed as Dow heads for fourth straight losing week (CNBC): U.S. equity futures were little changed early Friday as Treasury yields continued their climb. S&P 500 futures were down 0.05%, and Nasdaq-100 futures inched higher. Futures tied to the Dow Jones Industrial Average gained 3 points, or 0.01%.

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