In recent crypto news, Circle's Dante Disparte highlighted the GENIUS Act, which aims to prevent tech giants and banks from monopolizing the stablecoin market by imposing strict regulatory requirements on non-banks and lending entities. Bitcoin observed a significant surge in social media discussions, with 43% of all related conversations reflecting its recent market value peak of over $123.1K, signaling a potential market top and retail FOMO. Meanwhile, Indian crypto exchange CoinDCX experienced a major hack resulting in a loss of $44 million. CEO Sumit Gupta assured that user funds remain secure as the hacking incident impacted only one of its operational accounts, primarily used for liquidity provisioning on a partner exchange. The stolen funds have reportedly been transferred to wallet addresses on Solana and Ethereum.

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