Here’s what happened in crypto today
Today in crypto, the White House announced a trade deal with China, though specifics remain undisclosed, leading to skepticism among investors. Treasury Secretary Scott Bessent emphasized the progress made but investors fear the details may lack substance. Meanwhile, Ethereum's recent Pectra upgrade has raised concerns as it introduces a vulnerability that could enable hackers to drain wallets using only an offchain signature. This could occur if attackers obtain a user's signature through phishing, allowing them to manipulate user wallets without direct onchain transactions. Finally, Bitcoin Satoshi's Vision (BSV) investors are seeking to revive a lawsuit against Binance regarding damages they claim resulted from the exchange's 2019 delisting of BSV. If successful, the plaintiffs could request up to £10 billion (around $13 billion) in damages, reflecting ongoing challenges faced by BSV in the market.
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