Just caught up on a wild week in crypto. Bitcoin Depot got hacked for 3.7M worth of BTC back in March - unauthorized access to their settlement accounts. They're saying customer data is safe and insurance might cover some losses, but still rough. Makes you think about security even with established players in the space.

Meanwhile, Ethereum Foundation is offloading 5,000 ETH for research and grants. Already sold 3,750 ETH around $8.3M using CoW DAO's TWAP. ETH took a dip to $2,179 after the announcement, down 3.32% daily, though it's still up 6% on the week. Interesting timing with all the BTC ETF conversations happening.

On the weird side, there's this whole debate about whether Adam Back is Satoshi. Michael Saylor came out saying no way - stylometric analysis isn't proof. Adam Back himself shut it down too. Honestly, only a cryptographic signature would settle this, but that's probably never happening.

Oh, and Canary Capital just filed for a PEPE ETF spot fund. Yeah, you read that right. They're allocating up to 5% in ETH for transaction costs. PEPE is sitting at basically nothing right now, down 85% from its December peak. The filing flagged that top 10 wallets control 41% of supply, which is a pretty big concentration risk. Wild that we're seeing BTC ETF approvals and now PEPE ETF applications in the same ecosystem.

Wrapped Ethereum network activity also spiked to yearly highs this week - 32,000 new wallets in one day. Something's brewing under the surface despite the price noise.