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In other developments, the Bybit exchange suffered a massive $1.5 billion hack, attributed to a flaw in its Safe wallet, further shaking investor confidence. Meanwhile, regulatory shifts are afoot: a key U.S. congressional committee is prioritizing stablecoin legislation, and the SEC has dropped its investigation into the Gemini exchange. On the innovation front, the Pi Core platform launched its $PI token, briefly hitting a fully diluted value of $195 billion, though concerns linger about its liquidity and marketing approach. MicroStrategy also continues its Bitcoin-buying spree, planning a $2 billion debt offering to acquire more BTC.