The cryptocurrency landscape faces regulatory and security challenges this week. A significant exploit affecting Bonzo Lend results in $9 million in losses, highlighting ongoing vulnerabilities in DeFi protocols. Meanwhile, the U.S. Department of Justice signals intention to dismiss charges against a prominent figure linked to a substantial fraud case, signaling potential shifts in prosecutorial strategy. In state-level developments, New Hampshire authorities reject a controversial proposal to establish a $100 billion Bitcoin-backed municipal bond initiative, reflecting ongoing skepticism toward crypto-collateralized financial instruments among traditional institutions.

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