Echo Protocol drained $76M in a single exploit. Bitcoin ETFs shed $649M in one day. Fear & Greed sits at 25: Extreme Fear. The Clarity Act just passed with a last-minute clause that could kneecap DeFi.

Today's key developments:
• Echo Protocol lost $76M in an eBTC minting exploit on Monad, bringing 2026's bridge and protocol hack total to $329M.
• Bitcoin ETFs shed $649M in a single day. Long-term holders are absorbing the selling, but the outflow is the largest single-day number in recent weeks.
• The Digital Asset Market Clarity Act passed markup with a last-minute provision that critics say could expose DeFi protocols to securities regulation they weren't designed to handle.


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