Destiny hotfix 5 patch notes detailed

As you might have heard by now, Bungie killed Destiny's loot cave today. With Hotfix 5, the developer took aim at reducing the effectiveness of "a humbling number of economy exploints," aka the loot cave. But today's hotfix also contained a few other tweaks to regular missions and the Queen's Wrath Event. Below are the official patch notes for today's hotfix:

Activities

Missions
  • Reduced drop rate of engrams following a hard wipe [fixed in 1.0.1.4]
Queen's Wrath Event
  • Material rewards for dismantling Queen's Wrath gear will no longer provide ascendant materials, but missions will continue to drop Legendary items

World

Destinations
  • The Hive of the holy “Treasure Cave” have realized the futility of their endless assault on Skywatch and have retired to lick their wounds and plan their next attack.
  • Respawn timers for monster caves in Skywatch have been normalized to 40 seconds (increased from 6)
  • Respawn timers for monster caves in Forgotten Shore have been normalized to 40 seconds (increased from 10)
  • Respawn timers for monster caves in Ember Caves have been normalized to 40 seconds (increased from 10)
  • Respawn timers for monster caves in the Shattered Coast have been normalized to 40 seconds (increased from 10)
  • Respawn timers for monster caves in the Barrens have been normalized to 40 seconds (increased from 20)