ZKsync disclosed a $5 million hack from an admin account managing its airdrop contract. Bitwise CIO Matt Hougan noted that bitcoin is behaving differently from past market pullbacks, suggesting potential for growth if macroeconomic barriers are removed. Canada is preparing to launch the first spot Solana ETFs, while Standard Chartered predicts stablecoin supply could reach $2 trillion by 2028. Treehouse Finance secured new funding at a $400 million valuation to expand its DeFi platform. Swedish MPs are reconsidering bitcoin policy, influenced by global interest and U.S. plans for a Strategic Bitcoin Reserve.

The following article is adapted from The Block’s newsletter,The Daily, which comes out on weekday afternoons.Happy Tuesday! While an AWS outage briefly knocked out crypto exchanges like Binance and KuCoin earlier this morning, markets remain relatively quiet, seemingly awaiting the next macro catalyst.In today's newsletter, ZKsync discloses a $5 million admin account hack, Bitwise CIO Matt Hougan says bitcoin is acting "notably different" to prior market pullbacks, Canada gets set to launch spot Solana ETFs and more.Meanwhile, Standard Chartered expects stablecoin supply to surge to $2 trillion by 2028.Let's get started.Ethereum Layer 2 scaling solution ZKsync disclosed a $5 million theft from a compromised admin account managing the project's airdrop contract.Bitwise CIO Matt Hougan said bitcoin is performing "notably different" from prior pullbacks and is acting like an asset that wants to go higher if only macro obstacles would get out of the way.Canada is set to launch the world's first spot Solana ETFs this week, according to a circular from TD Bank cited by Bloomberg Senior ETF Analyst Eric Balchunas.Treehouse Finance has raised an undisclosed amount in a new strategic funding round at a $400 million valuation to expand its DeFi fixed-income platform.Swedish MPs are pushing the nation to rethink its bitcoin policy approach, citing U.S. President Trump's plans for a Strategic Bitcoin Reserve and growing global interest in the digital asset.Never miss a beat with The Block'sdaily digestof the most influential events happening across the digital assetecosystem.

ZKsync $5 Million Hack and Bitcoin's Unique Market Behavior