| gm Bankless Nation,
It's a red day in the markets as the industry buzzes with new details on the Bybit hack and Bank of America’s stablecoin plans. Let's catch you up! Today's Issue ⬇️ - ☀️ Need to Know: The Bybit Post-Mortem
Safe's frontend hit with malicious code. - 🗣️ Analysis: Trump's Tokens
What they signal about crypto's future.
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Sponsor: Uniswap Labs — Unichain is live! Bridge & swap with Uniswap Labs' web app or wallet. . . . NEED TO KNOW The Bybit Post-Mortem - 🔐 Bybit’s $1.4B Hack Tied to Safe Attack. Hackers swapped malicious code into the Safe frontend to target Bybit's multisig cold wallet, fueling calls for stronger security measures.
- 💵 Bank of America Eyes Stablecoin Launch. CEO Brian Moynihan says the bank is prepared once federal lawmakers clarify rules for bank-issued tokens.
- 🏛️ Ex-Congressman McHenry Joins a16z. The pro-crypto lawmaker will help steer tech policy after championing the Financial Innovation Act in Congress.
📸 Daily Market Snapshot: Bitcoin kept crashing on Wednesday, dropping below $83,000 before recovering slightly, while new alts like $IP, $KAITO, and $BERA showed surprising strength. | Prices as of 5pm ET | 24hr | 7d |  | Crypto $2.77T | ↘ 4.9% | ↘ 12.4% |  | BTC $84,084 | ↘ 5.1% | ↘ 12.7% |  | ETH $2,320 | ↘ 6.9% | ↘ 14.6% | . . . ANALYSIS Trump's Dual Tokens Plots Crypto's Future Donald Trump is the biggest celebrity to ever launch a crypto token. Alongside an NFT trading card collection, America’s 47th president has unleashed not just one, but two distinct tickers for crypto degens to ape. While regulators have released limited information on how they intend to police the crypto industry, careful examination of the unique facts and circumstances surrounding Trump’s two tokens could yield important insights on how his administration will apply policy to digital assets. Today, we’re unpacking the notable distinctions between WLFI and TRUMP in an attempt to understand how the Trump Administration might regulate crypto tokens! 👇
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