On March 10, Elon Musk announced that his X platform was hit by a significant cyberattack affecting user access. Musk noted the attack required extensive resources, possibly implicating a coordinated group or a nation. User access was restored quickly, but over 33,000 outage reports were logged. Furthermore, crypto exchange-traded products (ETPs) experienced a fourth consecutive week of outflows, with $876 million lost last week, contributing to a total of $4.75 billion in outflows over four weeks. Bitcoin ETPs accounted for $756 million of losses, while negative sentiment also affected other altcoins like Ether, Tron, and Aave. In legislative news, Utah’s Senate passed a Bitcoin bill without a key provision that would have allowed the state to create a Bitcoin reserve. The amended bill, now awaiting the governor's signature, offers protections for Bitcoin custody, mining, and staking but lacks the controversial reserve clause that had raised concerns among lawmakers.

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