Altcoins Rise, Funds Flood In, and Security Shadows Loom

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Now let's get back to the top stories of the day.

Bitcoin's dominance has plummeted 5.8% in a week, hitting a low of under 61%, its steepest drop in three years, while its correlation with altcoins weakens, turning negative in some cases. This signals a classic capital rotation from BTC to alts, fueled by Ethereum's surge to $3,793 (up 25% weekly) amid whale buys and ETF inflows of $2.18B last week. Ether treasuries are exploding: SharpLink Gaming holds 280,706 ETH ($1B+), Bitmine Immersion has 300,657 ETH ($1.13B), and new entity The Ether Machine plans a public debut with 400,000 ETH backed by $1.5B in capital.

Crypto funds shattered records with $4.39B weekly inflows, topping December 2024's $4.27B, pushing YTD to $27B and AuM to $220B. ETH stole the spotlight at $2.12B (nearly double the prior record), YTD $6.2B. BTC drew $2.2B, Solana $39M, XRP $36M, Sui $9.3M. US-led with $4.36B, Switzerland/Hong Kong/Australia $78.7M combined; Brazil/Germany saw outflows.

This marks 14 straight weeks of gains, signaling institutional conviction amid GENIUS Act tailwinds and BTC/ETH ETF demand. 

The NFT market cap topped $6.04B, up 16.9% in 24 hours, the highest since February, and volumes surging 154% to $41.4M. A whale scooped 45 CryptoPunks for 2,080 ETH ($7.8M), boosting floor price 15.9% to 47.5 ETH. 

Some drivers can be crypto bull sentiment (BTC $118K, ETH $3.8K), undervalued legacy collections like Punks leading over new mints. Analysts see risk-on vibes, but sustainability needs deeper wallet activity. 

Sequans bought $150M BTC (1,264 coins at $118,659 avg), doubling holdings to 2,317 BTC ($270M total cost, avg $116,493). CEO Georges Karam cites resilience and value creation; shares dipped 9% then rose 15.9% pre-market.

MicroStrategy added 6,220 BTC for $739.8M (avg $118,940), totaling 607,770 BTC ($43.61B cost, ~$71B value), 3% of supply. Funded via cash/shares/notes; inspires 141 corporates. TD Cowen raised MSTR target to $680, eyeing BTC at $155K by Dec 2025.

CoinDCX lost $44M via sophisticated server breach on an internal liquidity wallet, funded via Tornado Cash, bridged Solana to Ethereum. User funds safe in cold wallets; exchange absorbed loss from treasury, isolated account. Launched $11M (25%) bounty for recovery, partnering cybersecurity firms. One year after WazirX's $235M hack, highlights Indian exchange vulnerabilities.

ZachXBT previously exposed suspected North Korean links (Lazarus patterns). CEO Sumit Gupta vows compensation, but the community demands proof of solvency. 

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