Crypto Market Sees Shift Towards Institutional-Grade Infrastructure

The crypto market continues to evolve, with institutional-grade infrastructure becoming increasingly prominent. Bitcoin's price remains stable at around $67,000, despite recent fluctuations in global markets.

One of the key drivers of this stability is the expected rollout of Ethereum's Glamsterdam upgrade. This major update aims to improve scalability and reduce gas fees by 78.6%, making it a crucial development for the network.

The Solana-based Drift Protocol has, however, suffered a significant setback, with hackers exploiting a six-month social engineering operation to drain $286 million from the platform.