Bybit vs hackers: a $1.23 billion plot twist

Plus: Robots can now figure things out... on their own

GM. We pressed the freshest headlines, skimmed off the pulp, and left you with a tall glass of sweet market updates - drink up before it gets warm!

No, my vacation's not over yet. I'm actually on a tiny boat in the middle of the ocean rn, wondering what's more unpredictable - these waves or the crypto market?

Anyways, let’s get into it before I become shark food.

🍍 Market flavor today

Find out more about the Fear & Greed Index here.

Crypto Market Cap: $3.14T -2.05% (24H)
Name		Price	24H	7D
	Bitcoin BTC	$94,700.07	-0.79%	-2.26%
	Ethereum ETH	$2,667.62	-5.06%	-3.77%
	XRP XRP	$2.45	-3.89%	-8.28%
	BNB BNB	$638.21	-2.29%	-6.39%
	Solana SOL	$153.57	-8.30%	-14.76%

🍋 News drops

This is the news that had me gasping for air like I just got wiped out by a massive wave:

🥊 Bybit fights back, recovers billions in ETH

Bybit just pulled off a major comeback, reclaiming 88% of the ETH lost in the hack (446,870 ETH worth $1.23 billion) using various funding methods. They’re also dropping a proof-of-reserves report with Merkle tree verification to prove they’ve got users covered. Tether, ChangeNOW, FixedFloat, and THORChain helped by freezing $42.89 million, cutting down the hackers’ payday.

🎭 SBF ditches Democrats, shoots for a Trump card

Sam Bankman-Fried, once a big Democratic campaign donor, is now Team Trump and Musk. He’s throwing shade at Biden’s administration while hyping up Musk’s cost-cutting dreams. Meanwhile, his parents are out there trying to score him a get-out-of-jail card.

👔 A million-dollar suit... but make it shareable

Fermion Protocol is kicking things off on Base by letting people co-own a $1M Dolce & Gabbana digital suit – because why buy alone when you can split the bill? Founded by Boson Protocol’s Justin Banon, the project is all about turning luxury goods into shared assets, so high-end fashion isn’t just for the ultra-rich. AI and blockchain will take care of the heavy lifting, so you can flex your digital wardrobe without the full price tag.

🦾 Robots are getting way too smart

Helix AI lets robots follow voice commands and pick up new objects without any extra pre-programming. Thanks to its Vision-Language-Action model, they can recognize the actions and react in real time. Figure AI already trained it on 500 hours of robot demos and even gave it auto-generated instructions, so don’t be surprised if your next coworker doesn’t need lunch breaks.

Read more on these and other stories here.

🍌 Juicy meme

Source: @dubzyxbt