Crypto Daily | Bitcoin Rebounds to $87K; Fed's Bowman Says Bank Regulators Working on Stablecoin Rules

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Bitcoin traded around $87,000 at the Asia open on Tuesday, as a sharp slide in cryptocurrencies and a global bond selloff kept traders defensive and capped gains in regional stocks.

The world’s largest cryptocurrency remains a key barometer of risk appetite, and sentiment turned fragile after it slumped more than 5% on Monday, briefly slipping below $85,000. It last changed hands near $86,942 in Asia, leaving it roughly 30% below its October peak.

Bitcoin saw the biggest wipeout over the past 24 hours, with about $251.69M getting liquidated. Ethereum followed with roughly $111.31M in liquidations, while other majors like SOL and ZEC saw smaller amounts at $19.22M and $14.99M, according to CoinGlass.

Fed’s Bowman Says Bank Regulators Working on Stablecoin Rules

The Federal Reserve’s top bank cop plans to tell House lawmakers Tuesday that she will work to establish new rules for banks and stablecoins, as regulators seek to ensure healthy competition between Wall Street, fintechs and crypto firms.

“As a regulator, it is my role to encourage innovation in a responsible manner, and we must continuously improve our ability to supervise the risks to safety and soundness that innovation presents,” Bowman said in prepared remarks for a House Financial Services Committee hearing.

AI Agents Can Reproduce Millions in On-Chain Exploits, Discover New Zero-Day Vulnerabilities

Anthropic’s latest research reveals that advanced AI agents now demonstrate significant real-world exploit capabilities on blockchain systems. In simulations of historical smart-contract hacks from 2020–2025, models including Claude Opus 4.5, Sonnet 4.5, and GPT-5 collectively recreated about $4.6 million worth of exploits. After scanning 2,849 newly deployed contracts with no previously known vulnerabilities, the systems also uncovered two new zero-day bugs and generated profitable attacks. The findings suggest AI-driven exploit revenues are doubling every 1.3 months, signaling that autonomous, profit-seeking smart-contract exploitation is becoming technically feasible.

Coinbase Adds HBAR, MANTLE, VET, FLR, SEI, IMX to COIN50 Index in Q4 Rebalance, Removes Six Tokens

Coinbase Institutional has updated its Coinbase 50 Index (COIN50) for the fourth-quarter rebalancing, adding Hedera (HBAR), Mantle (MANTLE), VeChain (VET), Flare (FLR), Sei (SEI), and Immutable (IMX). The reshuffle also sees six tokens, SKL, AKT, LPT, SNX, HNT, and CVX, removed from the index as part of the regular quarterly adjustments.

Wallet Linked to Ethena Labs Pulls Additional 25M ENA, Total Withdrawals Since Nov 7 Near $97M

A wallet identified as 0x631e, linked to Ethena Labs, withdrew another 25 million ENA (around $6 million) from Bybit roughly three hours ago. The address has now accumulated a total of 405.15 million ENA, worth approximately $96.8 million, in withdrawals from Bybit and Coinbase Prime since November 7, marking a sustained pattern of large-scale accumulation.

Bitcoin Spot ETF Flow

The overall net inflow of the US Bitcoin spot ETF on Monday was $74.4 million. The total net asset value of Bitcoin spot ETFs is $116.41 billion, and the ETF net asset ratio (market value compared to total Bitcoin market value) is 6.56%.