📢 Today’s Top Crypto Headlines: ⚡ Fed Chair Rumors Shake Sentiment • Social media rumors falsely claimed Fed Chair Jerome Powell resigned during an “emergency meeting” • No confirmation from the Fed or any credible news source • Meanwhile, President Trump says he has selected the next Fed Chair, announcement “soon” • Kevin Hassett leads prediction markets with 45%+ odds • Fed leadership speculation adds to market uncertainty around future rate cuts 📁 CoinShares Withdraws U.S. Spot ETF Filings • CoinShares pulled its SEC filings for XRP, SOL, and LTC spot ETFs • Also ending operations of its leveraged Bitcoin futures ETFs • CEO Mognetti cites heavy competition from BlackRock, Fidelity, and Grayscale • Firm will pivot toward: - Crypto equity products - Blockchain-themed portfolios - Active strategies blending crypto with traditional assets 🚨 Yearn Finance Exploit • $yETH pool exploited, allowing attackers to mint unlimited yETH • Entire pool drained in a single transaction • **1,000 ETH ($3M)** already moved through Tornado Cash • Attack used temporary contracts, some self-destructing • $yETH pool was ~$11M, exact loss still unclear • Yearn V2 and V3 vaults unaffected, investigation ongoing ⏳ Terminal Finance Launch Canceled • Terminal Finance, developed with Ethena, canceled its long-planned DEX launch • Despite $280M raised in pre-sale, the underlying blockchain Converge has not launched • No updated launch plans from Ethena or Securitize • Highlights ongoing risks of project dependencies across the DeFi ecosystem Discover real-time, AI-powered market insights, only with SWFTGPT! 📲 Listen now:
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