Today in crypto, Bitcoin layer-2 Alex Protocol suffered a hack resulting in $8.3 million in losses due to a vulnerability in its self-listing verification logic. The attackers drained funds from multiple asset pools, and the Alex Lab Foundation has pledged to reimburse affected users using its treasury reserves. Meanwhile, US-based spot Ether exchange-traded funds (ETFs) have seen inflows for 15 consecutive trading days, accumulating a total of $837.5 million. If this trend continues, total inflows could exceed $1 billion. In regulatory news, a hearing on digital asset legislation became contentious, with Republican lawmakers dismissing allegations about President Trump's potential financial interest in the crypto sector as mere political theatrics. As the House Financial Services Committee prepares to vote on the Digital Asset Market Clarity Act, it remains to be seen whether partisan disagreements will hinder its passage.

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