BREAKING
Nov 4$133M Just Walked Out Through Kraken, Crypto.com and OKX. Nobody Has Admitted Being Robbed, and ZachXBT Thinks a European Institution Is Covering It Up●Nov 3Mercado Bitcoin Says There Was 'No Loss to Customers'. The Attacker Still Reached 27,160 Customer Deposit Addresses and Walked Off With About $46M●Nov 2A 10 ETH Bug Did What the FBI Asked For. THORChain Accidentally Locked North Korea Out of Its Favorite Laundering Route●Nov 1The FBI Asked Crypto to Block 600+ Addresses Tied to the Binance Hack. Chainalysis Says North Korea Is Already Using Thousands●Oct 31Binance Blamed One Laptop. A Day Later It Found 'Additional Points of Breach', and the Hacker Had Been Rehearsing for 36 Hours●Oct 30Binance Says 'No Wallet Private Key Leak.' It Didn't Need One: A DevOps Engineer's Laptop Moved $6.3 Billion●Oct 29Datavault AI Sold $150M of Stock for Bitcoin. It's Been Trying to Withdraw That Bitcoin Since June. Now It Says the Bitcoin Was Never an Asset●Oct 28Robinhood Made $173M From Bets Last Quarter and $120M From Crypto. The Same Day, Washington Sued a 10th State to Keep the Bets Legal●Oct 27Bloom Says 'No Private Keys Were Compromised.' Every One of the Drains Was Signed With the Wallet's Own Key, and It Took 94 Seconds●Oct 26Keystone Bragged 'Other Hardware Wallets Keep Your Data Forever. We Delete Your Shipping Info in 180 Days Max.' Then Hackers Got Buyers' Addresses, and Customers Say Their Orders Were 2 Years Old●Nov 4$133M Just Walked Out Through Kraken, Crypto.com and OKX. Nobody Has Admitted Being Robbed, and ZachXBT Thinks a European Institution Is Covering It Up●Nov 3Mercado Bitcoin Says There Was 'No Loss to Customers'. The Attacker Still Reached 27,160 Customer Deposit Addresses and Walked Off With About $46M●Nov 2A 10 ETH Bug Did What the FBI Asked For. THORChain Accidentally Locked North Korea Out of Its Favorite Laundering Route●Nov 1The FBI Asked Crypto to Block 600+ Addresses Tied to the Binance Hack. Chainalysis Says North Korea Is Already Using Thousands●Oct 31Binance Blamed One Laptop. A Day Later It Found 'Additional Points of Breach', and the Hacker Had Been Rehearsing for 36 Hours●Oct 30Binance Says 'No Wallet Private Key Leak.' It Didn't Need One: A DevOps Engineer's Laptop Moved $6.3 Billion●Oct 29Datavault AI Sold $150M of Stock for Bitcoin. It's Been Trying to Withdraw That Bitcoin Since June. Now It Says the Bitcoin Was Never an Asset●Oct 28Robinhood Made $173M From Bets Last Quarter and $120M From Crypto. The Same Day, Washington Sued a 10th State to Keep the Bets Legal●Oct 27Bloom Says 'No Private Keys Were Compromised.' Every One of the Drains Was Signed With the Wallet's Own Key, and It Took 94 Seconds●Oct 26Keystone Bragged 'Other Hardware Wallets Keep Your Data Forever. We Delete Your Shipping Info in 180 Days Max.' Then Hackers Got Buyers' Addresses, and Customers Say Their Orders Were 2 Years Old●
BTC -- --%
ETH -- --%
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The Weekly Grind (Jun 1–Jun 7): $4.4B Bitcoin ETF Exodus & Arthur Hayes' Dumping Drama

The Weekly Grind (Jun 1–Jun 7): $4.4B Bitcoin ETF Exodus & Arthur Hayes' Dumping Drama

Opening

This week in crypto, the market took some sharp turns. Bitcoin ETFs experienced historic outflows, raising eyebrows across trading desks. Meanwhile, Arthur Hayes stirred up controversy with allegations of dumping tokens on his followers, and Coinbase made strategic moves in DeFi and India.

The Big Stories

  • Bitcoin ETF Exodus: Bitcoin ETFs saw a record-breaking $4.4 billion in outflows over 13 days, flipping 2026’s cumulative flows negative. BlackRock’s IBIT was the largest contributor, dumping $3.3 billion. Read more.

  • Arthur Hayes’ Alleged Dumps: ZachXBT accused Arthur Hayes of pumping and dumping four tokens, including WLD, which crashed 20%. Hayes defended his actions, saying he sold to willing buyers. Read more.

  • Ethereum Exodus: Eight senior Ethereum Foundation researchers, including Tim Beiko, have exited. With ETH ETFs seeing 17 straight days of outflows, the community debates the impact. Read more.

  • Coinbase’s DeFi Move: Coinbase Ventures bought ENA tokens and integrated them into 100 million accounts. Their new DeFi savings product launches next week. Read more.

By the Numbers

  • $4.4B: Total outflows from Bitcoin ETFs over 13 days.
  • 20%: WLD’s price drop following Hayes’ alleged dumping.
  • $3.3B: BlackRock’s IBIT outflows.
  • 8: Senior Ethereum Foundation researchers who quit.
  • $2.45B: Value of Coinbase’s stake in CoinDCX.

What This Means for Crypto Jobs

The week’s events highlight a shift towards DeFi roles, with Coinbase’s move showing high demand for DeFi engineers and product developers. Conversely, Ethereum’s internal shakeup could mean a slowdown in hiring as the community regroups. Traditional finance skills linked to ETFs and tokenized assets are increasingly valuable as banks and BlackRock navigate these markets.

Find your next crypto role at cryptogrind.com.

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