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The Daily: Upbit suffers $37 million hack, SpaceX moves over $100 million in bitcoin, Infinex plans token sale on Sonar, and more

The Block
Upbit was hacked for $37 million in Solana assets, SpaceX moved $105 million in Bitcoin, and Infinex announced a token sale on Sonar.

Summary

The daily crypto news roundup highlights several major events. South Korean exchange Upbit halted withdrawals after hackers stole approximately $36.8 million in Solana-based tokens; the exchange pledged to fully compensate users and moved remaining funds to cold storage. Separately, SpaceX transferred 1,163 BTC, valued at about $105 million, to unmarked wallets, continuing asset consolidation. In fundraising news, Kain Warwick's Infinex plans to sell 5% of its INX supply via Sonar for $15 million ahead of a 2026 token generation event, positioning itself as a crypto superapp. Other news includes Ark Invest buying $16.5 million in Coinbase shares amid inflation predictions, and industry reaction to the UK's budget statement, which left crypto taxes unchanged but increased regulatory scrutiny.

(Source:The Block)