Global

On Friday, Japanese Bitcoin exchange DMM experienced a significant hack resulting in the loss of 4,502.9 Bitcoin, valued at approximately $305 million USD. The exchange confirmed the unauthorized breach in a public statement, stating that they are still investigating the extent of the damage and have implemented measures to enhance security, including restrictions on certain services.

An upcoming DAO proposal, currently under vote by token holders, is set to unlock over $250 million worth of Arbitrum tokens over the next three years, aiming to bolster the Ethereum layer-2 network's gaming ecosystem.

Over the last three months, there has been a noticeable increase in the number of large investors holding significant amounts of Ripple (XRP) tokens, according to on-chain data.

However, as June begins, certain altcoins are facing potential declines. Assets like Cardano (ADA), Bitcoin Cash (BCH), Axie Infinity (AXS), and The Sandbox (SAND) have encountered increased bearish sentiment, raising concerns about the possibility of them relinquishing some of their recent gains in the near future.

In the last 24 hours, a Bitcoin whale transferred 1,519 BTC, valued at over $104 million, to the centralized exchange Kraken, following a series of other whale transactions.

Bitcoin remains a prominent player in the cryptocurrency market, but investors are also keenly interested in potential altcoin opportunities. Four altcoins drawing attention from Bitcoin investors include PawFury (PAW), Shiba Inu (SHIB), Solana (SOL), Ripple (XRP), and Ethereum (ETH).