Ethereum fell below $1,900, down 1.3% in 24 hours.
According to HTX market data, Ethereum has fallen below $1900, with a 1.3% drop in the past 24 hours.
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Bitcoin drops below $65,000, logging a 0.8% decline over the past 24 hours.
According to HTX market data, Bitcoin has fallen below $65,000, posting a 0.8% drop in the past 24 hours.
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Bitcoin treasury firm Empery makes a $20 million strategic preferred stock investment in AI data center developer CDP.
Crypto treasury firm Empery Digital (EMPD) disclosed that it has completed a strategic $20 million preferred equity investment in AI data center developer Cardinal Data Power (CDP). Post-transaction, EMPD holds an approximately 8% stake in CDP. The investment is a key component of CDP’s total $70 million Series A funding round, with all raised capital earmarked for launching its first AI data center campus in West Texas, the U.S.
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A crypto whale set 10 major profit targets, closed short positions to take profit, liquidating 300 BTC positions in the last 12 minutes.
On-chain analyst Ai Yi (@ai_9684xtpa) monitored that contract whale "Set 10 Big Goals First" has started closing short positions to take profit. Over the past 12 minutes, the whale has closed 300 BTC in short positions, booking a profit of $157,000. It currently holds a remaining large position of approximately $157 million in 2,379.23 BTC, with an unrealized profit of $1.34 million.
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NVIDIA open-sources its medical physics simulation framework to solve the problem of scarce clinical data for surgical robots.
NVIDIA has released an open-source Medical Physics Simulation framework that combines classic physics simulation with generative AI. The framework can batch-generate rare clinical edge cases such as guidewires stuck in calcified vessel walls, and cuts training time from 5 hours to less than 2 minutes using 8192 parallel environments, addressing the acute scarcity of real clinical data for surgical robots. Early adopters include CMR Surgical, Johnson & Johnson MedTech, and Medtronic. The framework’s open-source nature helps demonstrate the system’s behavioral logic to regulators and build an approval evidence chain, though no strategies trained on it have been deployed in actual clinical practice as of yet.
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U.S. initial jobless claims for the week ended July 18 totaled 187,000, falling to a near four-year low.
US initial jobless claims for the week ended July 18 came in at 187,000, the lowest level since the week ending September 24, 2022. The consensus forecast was 212,000, while the prior week's figure was revised from 208,000 to 209,000.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Ethereum’s blockchain has registered an exceptional surge in large transactions, as Wrapped Ethereum (WETH) recorded 113,000 whale transfers exceeding $100,000 within the past week. This figure marks the most active whale movement since May 2021 and suggests substantial capital flows across Ethereum’s trading venues, lending markets, and decentralized finance protocols.
Institutional demand on the riseSeveral demand-side factors have contributed to this spike in on-chain activity. U.S. spot Ether exchange-traded funds have seen an uptick in inflows, while BlackRock’s ETH investment products continue to capture new capital from institutional investors. Market participants are interpreting these developments as potential triggers for further network and price growth.
Robinhood Chain’s adoption of ETH as a gas fee currency has also increased the utility of Ethereum in the decentralized exchange landscape, making ETH an even more integral asset for transaction fees and liquidity provision.
In a reflection of this momentum, Bitmine reportedly strengthened its Ethereum reserves to around 5.8 million ETH, signaling a move to position itself ahead of anticipated institutional demand. This action is viewed as part of a broader trend among corporate treasuries leveraging Ethereum’s ecosystem for capital allocation.
Strategic moves and robust network activityAdditional investments from players such as SharpLink and Ethlabs, the latter backed by Joe Lubin, further reinforce expectations of institutional interest within the Ethereum space. These entities see an opportunity in the convergence of ETF adoption, growing Layer 2 development, and increasing corporate engagement.
With numerous technical indicators and capital inflows in play, analysts warn that a sustained upward price movement is not necessarily assured. However, the recent upsurge in high-value transactions highlights a network environment ripe for strategic moves from both retail and institutional users.
The convergence of ETF adoption, Layer 2 expansion, and growing institutional allocations presents a critical point for Ethereum, making its network activity and whale behavior important signals to monitor for market shifts.
Extreme fear underscores current market sentimentDespite the significant on-chain action, market sentiment remains cautious, with indicators currently reading Extreme Fear. This situation amplifies the potential influence of whale activity on price volatility and trader psychology.
At the time of writing, Ethereum trades at approximately $1,932, reflecting a market dynamic shaped by both new institutional accumulation and prevailing uncertainty in sentiment. The balance between these factors could drive further volatility in the days ahead.
In light of heightened transaction volumes and shifting market signals, tools providing real-time analytics and alerts are becoming increasingly essential for active participants trying to stay informed amid rapid market changes. CryptoAppsy, which requires no account creation hassle, combines your crypto investments with real-time prices, detailed charts, and multi-currency portfolio management on a single screen. With this all-in-one financial assistant, you can instantly seize opportunities by setting up smart price alerts, filter news specific to your coins, discover newly listed altcoins without missing them, and always stay one step ahead of the market with critical macroeconomic data such as Fed interest rates.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Binance will delist the AERGOUSDT U-margined perpetual contract.
According to an official announcement, Binance has announced that it will delist the AERGOUSDT U.S. dollar-margined perpetual contract at 14:30 (GMT+8) on July 24, 2026.
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The Japanese yen's exchange rate against the US dollar has hit its lowest level since 1986.
According to Bitget market data, the Japanese yen weakened against the U.S. dollar, hitting 162.89, marking its lowest level since 1986.
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An unnamed whale has been steadily adding to its WBTC and ETH positions this month, now sitting on over $12 million in unrealized gains.
According to on-chain analyst Ai Yi (@ai_9684xtpa), a whale that has accumulated over $109 million in positions since July added an additional $9.87 million worth of WBTC in the past 24 hours. The whale currently holds 49,500 ETH and 600 WBTC, with a total value of $122 million, an average cost basis of approximately $1,706 per ETH and $63,950 per WBTC, and an unrealized profit of $12.593 million.
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Arcus Launches 24/7 US Stock Tokens and Perpetual Contract Markets on the Robinhood Chain
Arcus has officially launched 24/7 trading functionality and rolled out over 95 stock tokens on Robinhood Chain, offering zero-fee trades. Meanwhile, the platform also launched a beta version of its perpetual contract market via its self-custody decentralized exchange. In a statement, Arcus noted that the launch will allow eligible traders to invest in stocks of leading companies spanning sectors including artificial intelligence, semiconductors, space exploration and quantum computing, such as large-cap firms like Nvidia, Apple, Microsoft, Tesla, Meta, Alphabet and Amazon. Additionally, Arcus has launched a beta perpetual futures trading market, which currently has over 75,000 people on its waitlist. The platform supports perpetual contract products covering U.S. stocks, exchange-traded funds (ETFs), commodities and cryptocurrencies, including trading pairs linked to the SPY ETF, QQQ ETF, GLD ETF, USO ETF, Bitcoin, Ethereum, Solana and XRP. Arcus was founded by Eddie Zhang, with its development team coming from the core team behind dYdX.
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SemiAnalysis: The power gap in AI data centers is widening, and reciprocating engines may become the leading technology for behind-the-meter power supply.
Independent semiconductor and AI research firm SemiAnalysis reports that the rapid growth in AI computing power demand is transforming power supply models for data centers. Reciprocating engines, historically used primarily as backup power during grid outages, are being repositioned as baseload power sources operating around the clock. This year, reciprocating engine manufacturers have signed contracts for roughly 1GW of behind-the-meter (BTM) power projects, with annual new supply volumes projected to exceed 4GW in 2027 and 2028. After modeling U.S. grid capacity, SemiAnalysis notes that existing power reserves are expected to be exhausted between 2027 and 2028, and planned additions to utility-scale power generation capacity through 2030 remain insufficient to meet the new load demand from data centers. Combining its data center model, SemiAnalysis estimates that roughly 140GW of potential data center projects have not yet finalized power supply contracts, and many of these will likely adopt behind-the-meter power models to bypass grid expansion bottlenecks. Among behind-the-meter power technologies including reciprocating engines, aeroderivative gas turbines, and fuel cells, SemiAnalysis projects reciprocating engines will capture the largest market share. The firm cites their combination of low cost, rapid deployment, modular scalability, and stronger financing capabilities as key advantages, while equipment manufacturers including Caterpillar, INNIO, and Cummins are expanding production capacity to support large-scale deployments in the coming years. As AI data centers continue to expand, on-site self-generated power is evolving from a traditional backup resource to critical energy infrastructure, and reciprocating engines are poised to become a key solution for bridging power gaps in the computing power era.
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Venezuela’s largest fintech firm Cashea completes $100 million funding round.
According to Bloomberg, Venezuela’s largest fintech company Cashea has raised a total of $100 million across two financing rounds. Global investors are betting on the firm’s ability to achieve growth in a market long plagued by credit constraints. Cashea announced it closed a $60 million Series B round in June, led by FinSight Ventures, with participation from Endeavor Catalyst, Plug and Play, U.S. university funds including Washington University in St. Louis, and Latin American investors. Earlier, Cashea completed a $40 million Series A round in March, led by Spice Expeditions. The round included $20 million in equity financing and $20 million in debt financing provided by Architect Capital.
Whale WETH activity is breaking multi-year records as ETF, L2, treasury, and institutional narratives are heating up.
Wrapped Ethereum (WETH) recorded 113,000 whale transactions worth more than $100,000 over the past week. This figure is its highest level since May 2021, according to on-chain analytics platform Santiment.
The surge indicates that significant capital is moving through Ethereum’s trading, lending, liquidity, and decentralized finance (DeFi) infrastructure rather than remaining idle in wallets.
WETH Whale Activity Santiment, in its latest post on X, revealed that the increase coincides with several signs of rising demand for Ethereum. These include accelerating inflows into US spot Ether ETFs, with BlackRock’s ETH products absorbing a large share of recent inflows, as well as growing activity on Robinhood Chain, which uses ETH for gas and has processed heavy decentralized exchange (DEX) volume since its July 1 launch.
The analytics firm also pointed to increasing corporate treasury participation, as it highlighted Bitmine’s holdings of around 5.8 million ETH and backing from Bitmine, SharpLink, and Joe Lubin for Ethlabs to cater to the increasing institutional demand for Ethereum.
While they do not guarantee a price rally, these factors are worth paying attention to.
Next Key Levels As for ETH’s price, the world’s largest altcoin by market cap, climbed to $1,934 on Wednesday, rising by almost 9% on the week and 4.5% on the day. Earlier, crypto analyst Ali Martinez said Ethereum remains above the “must hold” level of $1,850; its next upside target would be $2,300.
MN Trading founder Michaël van de Poppe also believes that if the crypto asset holds the crucial support zone above $1,800, it should “trigger a continuation upwards.”
You may also like: Tom Lee’s Bitmine Slashes Weekly Ethereum Purchases by 76% – Here’s Why Analyst Says Long-Term Bullish Setup Could Take Ethereum to $22K Ethereum Drops 4%, but Analysts Still See a Path Toward $2,245 and Beyond A similar projection was made by another analyst, Tony Research, who said ETH could first climb above $2,000, with a move toward the $2,200 area possible if Bitcoin reaches $70,000. However, the rally is expected to be followed by seven to 10 days of distribution before Ethereum falls into a final bottom zone between $1,260 and $890, which the analyst described as a dollar-cost averaging (DCA) opportunity.
According to the forecast, that decline would pave the way for a new bull cycle, with Ethereum eventually targeting $7,000.
According to GMGN monitoring, Robinhood Chain ecosystem token PONS briefly hit an all-time high market cap of over $39 million, and is now trading at $34 million, up 110% in 24 hours with around $10 million in trading volume over the same period. PONS is the native platform token of Pons, a token-launching platform on Robinhood Chain. The platform supports creating and issuing fixed-supply tokens, uses collected WETH fees to repurchase PONS, and directly burns PONS fees. It is viewed by some community members as the "pump.fun" of Robinhood Chain.
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A crypto whale deposited an additional $16 million USDC into Hyperliquid, bringing its current short position to $43.9 million.
According to monitoring by OnchainLens, a crypto whale deposited a total of $16 million USDC into the Hyperliquid platform over the past 24 hours, with the latest deposit amounting to $11 million. The wallet currently holds short positions worth approximately $43.9 million on Hyperliquid, including $28.3 million in SKHX shorts, $14.56 million in BRENTOIL shorts, as well as short positions in assets such as HIMS, SMSN, and NVDA.
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Competition intensifies on Robinhood Chain’s launchpad, as PONS surges past $30 million in market cap after catching Vlad’s attention.
According to GMGN monitoring, Robinhood ecosystem token PONS rallied sharply today, with its market cap briefly surging past $39 million to hit an all-time high, before pulling back to $28 million. It still holds a 39% 24-hour gain, with trading volume around $13.6 million in the same period. Market attention is centered on Robinhood CEO Vlad Tenev following PONS founder MEADGod this morning. Current market expectations revolve around competition for Circus Trade, the new meme token launchpad in the Bonk ecosystem. As one of the native tokens of the Pons launchpad, PONS broke through its previous high after renewed capital inflow. The Robinhood market has recently been consistently pricing on-chain infrastructure and "utility-type" tokens. Related reading: Robinhood's Launchpad Battle Royale: Who Will Come Out on Top? BlockBeats Note: On-chain token trading is highly volatile, often driven by market sentiment and concept hype, with no actual value or use cases, so investors need to exercise caution.
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Korea Exchange triggered a procedural trading halt for the KOSPI index.
Due to fluctuations in the KOSPI index, South Korea activated relevant mechanisms and initiated a programmatic trading halt.
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Yesterday, Bitcoin spot ETFs saw a net inflow of $226.8 million; Ethereum spot ETFs recorded a net inflow of $38 million.
According to data from Farside Investors, U.S. spot Bitcoin ETFs posted a net inflow of $226.8 million yesterday. Among them, BlackRock’s IBIT saw a net inflow of $116.5 million, ARKB recorded $72.7 million, Fidelity’s FBTC pulled in $24.1 million, while Grayscale’s GBTC registered a net outflow of $45.4 million. For spot Ethereum ETFs, net inflows reached $38 million yesterday. Specifically, BlackRock’s ETHA brought in $34.3 million, FETH saw a $2.8 million inflow, TETH posted a $900,000 inflow, with all other products reporting zero net inflows.
12 minutes ago
After 11 months of inactivity, a crypto whale transferred 9,000 ETH to Cumberland, valued at approximately $17.19 million.
According to monitoring by OnchainLens, a whale address dormant for nearly 11 months transferred 9,000 ETH to the Cumberland wallet, worth about $17.19 million, and is expected to be used for over-the-counter (OTC) trading. Prior to this, the address had deposited a total of roughly 50,000 ETH (valued at approximately $205.67 million) into the FalconX wallet via 13 transactions.
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Analysis: Bitcoin's MVRV percentile drops to 5%, a level that historically typically marks the long-term bottom zone.
CryptoQuant analyst Darkfost wrote in a post that after Bitcoin (BTC) fell below $60,000 in February and entered the capitulation zone, its MVRV percentile dropped below 10%, hitting the historically defined undervalued territory. Since June, the metric has shown a similar trend again. Unlike the traditional MVRV indicator, the MVRV percentile measures the current MVRV’s position relative to historical cycles, and by incorporating a historical probability dimension, it better reflects the current market environment. Currently, BTC’s MVRV percentile stands at around 5%, meaning Bitcoin has spent roughly 95% of its historical trading time at higher MVRV levels. This indicates BTC is significantly undervalued relative to its historical evolution, and such phases have historically coincided with long-term bottom regions.
Wrapped Ethereum’s whale transaction count has just breached a level untouched for half a decade. According to the Santiment update, the WETH network recorded 113,000 transactions exceeding $100,000 in the past seven days—the highest since May 2021. The number is not just a statistical curiosity. WETH functions as the plumbing for Ethereum’s DeFi ecosystem, and a spike of this magnitude suggests serious capital is moving through trading, lending, and liquidity rails, not parking idly in cold storage.
The market backdrop makes the signal even harder to dismiss. U.S. spot Ether ETFs have been absorbing accelerated inflows, with BlackRock’s ETH products among the beneficiaries. Over on the L2 frontier, Robinhood Chain launched on July 1 and has been processing substantial DEX volume, using ETH for gas fees. That kind of utility-driven consumption feeds directly into WETH demand, since the wrapped asset is the standard for most DeFi interactions. It is a different kind of demand than the retail-driven mania of 2021.
Institutional and Treasury Activity Aligns Corporates are adding their own weight. Bitmine lifted its Ethereum stack to around 5.8 million ETH, a figure that places it among the protocol’s largest known holders. Bitmine, SharpLink, and Joe Lubin also threw their support behind Ethlabs, a project designed to make Ethereum more palatable for institutional participants. These moves line up with the broader reawakening tracked in on-chain metrics. It is the kind of coordinated signal that makes developer activity leaderboards worth monitoring alongside capital flows—both point toward where conviction is building.
Treasury accumulation, ETF inflows, and L2 gas demand create a multi-layered demand base that was absent during the last WETH whale spike. Back then, euphoric DeFi speculation and NFT minting fueled transaction bursts. Now the driver set includes regulated products, corporate treasuries, and high-throughput L2s. While that doesn’t guarantee price appreciation, it does shift the risk profile of Ethereum’s demand from purely speculative to partially structural.
Uncertainty and What to Watch Whale activity alone is not a buy signal. Santiment itself cautions that none of this “proves a straight-line rally.” Large transaction counts can spike during distribution phases or exchange movements just as easily as during accumulation. The current data does not break down direction—whether whales are moving into DeFi to deploy or moving onto exchanges to reduce exposure is not clear from the top-line metric. Traders should watch for confirmation in exchange netflows and stablecoin movement on Ethereum.
Still, the fact that the spike is occurring alongside growing institutional infrastructure—a trend echoed by recent tokenization milestones—gives the signal more weight than a random outlier. If subsequent weeks show the elevated transaction level holding, it would mark a genuine structural change in how capital flows through Ethereum’s ecosystem, one that has until now been masked by lower activity periods.
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Mushumir Butt is a seasoned crypto journalist with over three years of experience reporting on the world of blockchain and cryptocurrency. At Blockchain Reporter, he delivers insightful news, in‐depth project reviews, and precise price analysis and predictions. With a strong background in SEO and digital marketing, Mushumir excels at breaking down complex trends into clear, accessible content, ensuring readers stay ahead in the fast‐paced crypto space.
TLDR: Ethereum whale activity reached its highest level since May 2021 after WETH recorded 113,000 transactions above $100,000 in one week. BlackRock’s ETHA drew fresh inflows across several July sessions, adding another institutional demand signal around Ethereum-linked assets. BitMine now holds 5.78 million ETH and has staked 4.92 million tokens, keeping about 85% of its treasury outside normal exchange trading. ETH needs to hold $1,850 to preserve a move toward the 100-day EMA near $1,938, while a breakdown could expose $1,818 and $1,775. Ethereum whale activity has surged as Wrapped Ether recorded 113,000 transactions above $100,000 during the past week. Santiment data shows the total marked WETH at its highest weekly level since May 2021. The movement came as ETH traded near $1,892.84, gaining 1.85% over 24 hours.
Ethereum whale activity shows large capital moving through Ethereum’s DeFi, lending, trading, and liquidity systems. It does not reveal whether every transaction involved buying. Still, the timing connects WETH whale transactions with rising institutional ETH demand and expanding network use. Santiment described the activity as movement through Ethereum’s financial rails rather than passive storage.
Source: Coingecko Ethereum Whale Activity Rises With ETF and DeFi Demand Recent U.S. spot Ether ETF flows have provided another demand signal. Farside data shows BlackRock’s ETHA attracted $58.3 million on July 14 and $45.3 million on July 15. The fund added another $31.7 million on July 17. Total spot Ether ETFs recorded $36.7 million in net inflows that day.
These flows do not match the scale of the 113,000 WETH transactions directly. However, both trends show larger investors engaging with Ethereum-linked products. Ethereum whale activity becomes more notable when several demand channels rise together.
Corporate treasury activity also continues to reduce liquid ETH supply. BitMine acquired 7,430 ETH during the week ending July 19. The purchase raised its total holdings to 5,777,468 ETH, equal to about 4.8% of supply. The company has staked 4,917,189 ETH, representing roughly 85% of its treasury.
That staking position keeps a large amount of ETH outside normal exchange trading. BitMine said its current staking operations project $247 million in annualized revenue. The company has purchased ETH weekly since starting its treasury strategy in June 2025.
Institutional ETH demand also extends beyond treasury purchases. BitMine, SharpLink, and Joe Lubin backed Ethlabs, an independent organization preparing Ethereum for institutional adoption.
Ethereum Whale Activity Meets Concentrated Wallet Supply Ethereum’s largest addresses require careful interpretation. The Beacon Deposit Contract holds 88.29 million ETH, but it represents pooled validator deposits. The WETH contract ranks second with about 2.44 million ETH locked as backing for Wrapped Ether. Neither address behaves like a discretionary whale wallet.
Source: Santiment Exchange custody stays highly concentrated among other large addresses. Binance controls about 3.19 million ETH across three wallets. Robinhood holds roughly 1.59 million ETH across two identified addresses. Upbit, Bitfinex, and Gemini also appear among the largest exchange-linked wallets.
Arbitrum and Base bridge contracts hold more than 1.6 million ETH combined. Those balances support assets moving through Ethereum layer-2 networks. Robinhood Chain also uses ETH for gas and has generated heavy DEX activity since its July 1 launch.
Ethereum whale activity now meets a price structure placing $1,850 as the first support level. Holding that area could keep the 100-day EMA near $1,938 within reach.
A daily close above that level may expose $2,000 to $2,100. A loss of $1,850 would shift attention toward the 50-day EMA near $1,818 and the broader $1,775 support area.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
According to monitoring by OnchainLens, Wang Chun, co-founder of F2Pool, unwrapped staked WETH via Lido before transferring 4,950 ETH worth $9.53 million to Binance, sparking suspicions of an impending sell-off.
Crypto clearing startup Glacis Labs has closed a $6.8 million seed round. The round was led by Lightspeed Faction, with participation from Franklin Templeton, Coinbase Ventures, A.GAIN (formerly IDC Ventures), Protein Capital, and Techni Ventures, structured as an equity-plus-token warrant deal. The funding will primarily be used to expand its core product, the ZeroDelta platform, and support the growth of its engineering, compliance, and marketing teams. ZeroDelta is a multi-chain clearing platform that facilitates matching, netting, and final settlement of cross-chain digital assets. It currently focuses on serving stablecoins and has processed over $1 billion in cumulative trading volume to date.
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The United States will issue a $1 Trump gold coin to commemorate the 250th anniversary of its founding.
US Treasury Secretary Scott Bessent announced today that the U.S. Mint will produce a $1 commemorative "gold coin" — gold in appearance but containing no actual gold or precious metals — to mark the 250th anniversary of the founding of the United States. The obverse features a portrait of President Trump in a suit and tie, paired with the inscriptions "LIBERTY," "IN GOD WE TRUST," and the dates 1776-2026; the reverse displays the U.S. Great Seal eagle, marked with "$1" and "250." The coin is expected to be released this fall. The move breaks the longstanding tradition that living presidents typically do not appear on U.S. currency, with Bessent describing it as a "lasting symbol of patriotism" and "a commemoration of the legacy of freedom."
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Trump: Data centers are a cash cow and one of the largest drivers of future job growth.
Trump posted that data centers are one of the biggest drivers of future job growth. They are large-scale, powerful, and have broad prospects, serving as cash cows for their respective states. However, for political reasons, the Governor of New York State terminated all data center projects under construction or planned in New York. These companies are now flocking to Alabama, Florida, Texas, Arizona, and many other states. The tax revenues and jobs brought by data centers are truly a huge source of wealth! New York State has made a bad decision. All this revenue and other benefits will flow to so-called "red states" (states dominated by the Republican Party) and some "blue states" (states dominated by the Democratic Party). These states not only have lower taxes but also can create record job opportunities. They will bear their own water and electricity costs, and the remaining funds will be returned to state governments and local communities. For the states and communities fortunate enough to secure data centers, these facilities are undoubtedly huge assets. New York State should immediately reverse its policy. We must never allow radical left-wing Democrats to make us lose data centers, artificial intelligence, and all these amazing new technologies, letting them fall into the hands of other countries!
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Goldman Sachs' View: Storage Market Shows Structural Shifts, Partial Replacement of DRAM by NAND for Cost Reduction Becomes a Practical Trend
Citirni analyst Jukan referenced Goldman Sachs’ monthly conference call remarks on the memory sector, noting clients’ strong resistance to DRAM price hikes approaching 30%, leading to a modest downward revision of third-quarter DRAM price growth expectations. Meanwhile, the outlook for NAND has grown more optimistic: AI-related KV cache offloading demand continues to exceed expectations, paired with an emerging trend of using NAND to replace expensive DRAM, further supporting NAND demand. The analyst holds a positive view on SK Hynix’s second-quarter performance, projecting revenue of approximately 85 trillion won and a gross margin of 63%. Relevant stocks include SK Hynix, Micron, and SanDisk. The commentary also reveals structural shifts in the memory market. Previously, explosive HBM demand from AI servers drove DRAM prices soaring, but once price increases hit the 30% threshold, clients began resisting further hikes, leading to a temporary slowdown in the pace of DRAM price growth. NAND is taking on a new role in AI infrastructure: KV cache is critical in inference scenarios, and using cheaper NAND to partially replace expensive DRAM to reduce costs is becoming a practical trend. This divergence also implies that internal capital rotation within the storage industry chain may continue; investors should exercise greater caution regarding short-term earnings expectations for DRAM-related stocks, while the fundamental improvement in the NAND segment may not yet be fully priced in.
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Kraken Launches Customized Crypto Vaults, Allowing Users to Earn Yields on Idle Bitcoin, Ethereum (ETH) and Stablecoins
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SpaceX falls below its $135 IPO price for the first time; US-listed space-related stocks decline across the board.
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Kraken Launches Customized Crypto Vaults, Allowing Users to Earn Yields on Idle Bitcoin, Ethereum (ETH) and Stablecoins
Kraken Institutional has announced a partnership with on-chain yield platform Upshift, allowing qualified institutional clients to earn returns on idle Bitcoin, Ethereum, stablecoins and other crypto assets directly within Kraken’s compliant custody framework. Unlike traditional pooled vaults, Upshift will build dedicated, customized vaults for each client, fully tailored to their investment strategies, risk parameters, liquidity needs and asset portfolios. Assets will be allocated to these non-custodial vaults, then deployed to selected on-chain contracts, with clients’ segregated Kraken custody accounts receiving a receipt token.
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SpaceX falls below its $135 IPO price for the first time; US-listed space-related stocks decline across the board.
According to market data from BIT (bit.com), during U.S. stock intraday trading, SpaceX (SPCX) fell below its IPO price of $135 for the first time, currently trading at $133.6. U.S. space-related stocks declined across the board: AST SpaceMobile (ASTS) dropped 5.26%, Rocket Lab (RKLB) fell 3.4%, and Redwire (RDW) declined 3.4%.
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A certain address profited 23.75 million USDC via the Ostium exploit, then exchanged the funds for 12,085 ETH.
According to EmberCN’s monitoring, an hour and a half ago, the DeBank address under the username musti_akrep exploited a vulnerability on Perp DEX Ostium to gain 23.75 million USDC, transferred the funds to the Arbitrum blockchain, and immediately converted the USDC into 12,085 ETH at a purchase price of $1,965.
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Summer.fi to Gradually Cease Operations Following $6.1 Million Hack Loss
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Iran: No negotiation plans at present, focusing on defense.
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Aster DEX launches SKHYB "Hold-to-Use" campaign: Hold SKHYB tokens to serve as collateral for perpetual contract trading, with participants sharing a $15,000 prize pool.
Decentralized perpetual contract trading platform Aster DEX has announced the launch of its "Hold & Share" reward program for SKHYB, the SK Hynix token under Binance’s tokenized US stock product line bStocks, with a total prize pool of SKHYB worth $15,000. The program’s core mechanism is "Hold & Trade": after users deposit SKHYB into their Aster perpetual contract accounts and enable multi-asset mode, SKHYB can be used as collateral, with a maximum collateral value of 90% of its market value. This allows users to trade any perpetual contract market without selling their SKHYB holdings. Aster also announced that SKHYB spot trading is now live, enabling users to "hold stocks while trading with stocks". The program runs from 10:00 UTC on July 15 to 10:00 UTC on July 22, spanning 7 days. To participate, users must meet three requirements simultaneously: enable multi-asset mode, hold at least $100 worth of SKHYB in their perpetual contract accounts, and execute at least $1,000 in trades across any perpetual contract market during the program period. Rewards are distributed proportionally based on individual scores, calculated as SKHYB balance multiplied by holding hours (full hours only). The maximum individual reward is capped at 3% of the total prize pool, and rewards below $1 will not be issued.
Bitcoin ETFs recorded a net inflow of $265.7 million yesterday, marking the second consecutive day of net inflows exceeding $200 million.
According to monitoring by Farside Investors, U.S. spot Bitcoin ETFs saw a net inflow of $265.7 million yesterday, with IBIT alone attracting $209.4 million. Additionally, Ethereum ETFs posted a net inflow of $20.7 million, among which ETHA recorded a net inflow of $23.3 million. Analysts noted that the cooling of the U.S. stock market’s AI boom may have led some funds exiting the sector to partially replenish oversold crypto ETFs.
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Morgan Stanley: AI chip sector cools, cloud giants may see rotation.
Morgan Stanley strategist Mike Wilson’s team says the semiconductor stock pullback of recent weeks may not be complete yet, and could bring a more volatile trading environment to the broader U.S. stock market. The bank points out that rotation is occurring within AI-related trades: earlier, chip stocks significantly outperformed, while hyperscalers including Microsoft, Amazon, Alphabet, and Meta lagged behind. Wilson’s team notes this divergence is unlikely to persist, as semiconductor firms’ growth ultimately depends on cloud giants’ capital expenditures. Morgan Stanley adds that valuation and position pressure on cloud giants have already been priced in; if the market starts rewarding more restrained AI spending, this sector could see renewed capital inflows. The bank also favors consumer discretionary and biotech, stating that falling oil prices and declining interest rate expectations may improve the risk-reward profile of these sectors.
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SpaceX was officially added to the Nasdaq 100 today, and the boost to its share price from short-term passive funds may fall short of expectations.
On Tuesday, SpaceX will officially be added to the Nasdaq 100 Index. The adjustment is expected to trigger passive buying by mutual funds and exchange-traded funds (ETFs) that track the index, providing some support to its share price. JPMorgan calculates that, based on three times its current $75 billion market capitalization, SpaceX will hold a roughly 1.3% weighting in the index, ranking around 21st among its constituents, lower than companies including NVIDIA (NVDA.O), Walmart (WMT.N), Intel (INTC.O), and Tesla (TSLA.O). However, given its relatively limited weighting, analysts generally believe that the boost from passive funds to its share price in the short term may fall short of some market expectations.
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Ondo will launch stock perpetual contracts today, supporting up to 20x leverage.
Ondo Perps tweeted that it will launch stock perpetual contracts today (Beijing Time), supporting up to 20x leverage.
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Zhipu: Media Reports Claiming It Withdrew A-Share Guidance Filing Are Unfounded
Zhipu issued an announcement in Hong Kong stating: "The company has noted media reports claiming that it has withdrawn the counseling filing for its proposed A-share initial public offering. The company hereby informs shareholders and potential investors that these reports are untrue, the described events do not align with reality, and there is suspicion of malicious hype." According to the official website of the China Securities Regulatory Commission (CSRC), the counseling work related to the proposed A-share offering has been completed.
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Yilihua: Bitcoin must strongly break through $68,000 to confirm a reversal; if it fails to do so, it will probe for a bottom again.
Liquid Capital (formerly LD Capital) founder Yilihua stated, "Bitcoin remains in a weekly downtrend. Only a strong breakout above $68,000 will spark a meaningful reversal; failing that, it will retest the bottom, and we hope it avoids the worst-case scenario of dropping below $47,000." "In any event, we are fully preparing to buy the dip in the coming months—be greedy when others are fearful. Beyond major cryptocurrencies, we are also scouting for the next bull run’s 100x coin. During the last cycle, our dip investment in Render rallied nearly 180 times at its peak. While most tokens are junk, a tiny subset holds massive opportunities: first, they have fallen over 95% from their highs; second, the founding team is competent, aligned with trends and core needs like AI; ideally, they have solid finances, preferably profitable. Projects meeting these criteria can be recommended."
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Decentralized lending protocol Aave’s V3 market on the Monad network has surpassed $100 million in total deposits roughly two days after launch. Aave deployed its V3 version on Monad on July 3, marking the first time lending functions and its GHO stablecoin have been introduced to the network. The launch initially supported 12 assets including USDT, USDC, GHO, WETH, and cbBTC. Deposits exceeded $75 million within the first 24 hours of going live. Per an Aave governance proposal, the Monad Foundation has committed to providing $15 million in incentives over the next 12 months, and will purchase and hold 10 million GHO for at least six months; Aave DAO will also contribute an additional 500,000 GHO to support stablecoin ecosystem development. Additionally, Aave founder Stani Kulechov noted that Aave V4’s deposit volume on the Ethereum mainnet hit a new all-time high of $250 million on July 5. He expressed expectations that V4’s deposits will grow further to $1 billion, with plans to continue expanding into crypto asset mortgage loans and securities-backed lending services.
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Intel is considering adopting a double-sided power supply architecture for its 1.4nm process technology to catch up with TSMC and Samsung.
Intel is considering adopting a dual-side power supply architecture (utilizing both front and back sides) for its 1.4-nanometer ultra-fine process to catch up with competitors. Industry sources said Intel originally planned to use PowerDirect, a dedicated backside power supply technology, for its 1.4-nm base process 14A, but is now considering introducing a dual-side architecture that leverages both front and back sides in its subsequent 14A2 process. Intel previously announced plans to achieve 1.3x higher chip density on its 14A process compared to 18A; the 14A process targets an M0 pitch of around 28nm, while the 14A2 process could push the M0 pitch to 21nm via a half-node improvement. Intel will maintain a backside power network as its primary setup, while reallocating some front-side metal interconnects for auxiliary power and clock signals to compensate for insufficient power headroom caused by scaling and lithography limitations. Intel’s 14A process is scheduled to enter risk production in 2028 and mass production in 2029. The chipmaker needs to release the 0.9 version of its 14A process design kit (PDK) to external customers this October, and secure firm orders from large fabless clients within the following 18 months. By comparison, TSMC plans to ship its true 1.4nm A14 products in 2028, while Samsung Electronics aims to commercialize its SF2Z, a modified 2nm process utilizing backside power supply technology, in 2027.
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Maji adds to his Ethereum (ETH) long positions, bringing the total position value to $16.56 million, with current unrealized profit of $400,000.
According to HyperInsight’s monitoring, crypto personality "Big Brother Ma Ji" Huang Licheng has added to his ETH long positions. He currently holds a 25x leveraged long position of 9,390 ETH (valued at $16.56 million), with an average entry price of $1,721.04 and an unrealized profit of $400,000.
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South Korea plans to establish a future fund using tax dividends from its semiconductor industry.
South Korea's Presidential Office Chief of Staff Kang Hoon-sik said Sunday that the government plans to use additional tax revenue from the semiconductor industry boom to establish a future fund, earmarked for investing in economic growth engines, supporting the younger generation, and addressing widening social inequality. The government will leverage the "Future Response Fund" to finance major national investment projects and boost the country’s long-term competitiveness. Kang emphasized, "At this critical juncture that will shape South Korea’s future, we must not squander the additional tax revenue generated by factors like the semiconductor boom." He added that the fund will support the government’s three "super projects," foster new growth drivers, tackle what he termed "K-shaped" economic polarization, and provide housing, entrepreneurship, and employment assistance for people aged 20 to 39. The proposed fund serves as a cornerstone of President Lee Jae-myung’s goal of "making South Korea irreplaceable globally," and he urged the government to collaborate closely with the ruling party to advance the initiative promptly. (Jin10)
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A trader spent $754 to buy 5.1 million units of the Meme coin CZ, and has now achieved a 357x return.
According to Lookonchain’s monitoring, trader 0xf349 spent just $754 to purchase 5.1 million meme coin CZ yesterday; the position is now valued at $271,000, marking a 357x return. Over the past two months, he has traded 260 tokens with a 31.88% win rate, with most of his trades ending in losses.
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Predict.fun World Cup Knockout Stage: Brazil’s advancement probability hits 68%, while Norway garners 31% of market support.
Data from prediction market platform Predict.fun shows that for the 2026 FIFA World Cup Round of 16 match between Brazil and Norway, as of press time, the market gives Brazil a roughly 68% chance of advancing, while Norway’s probability is around 31%. Traders overall are favoring "Five-Star Brazil" to reach the quarterfinals. Notably, this will be the two sides’ first World Cup clash in 28 years. At the 1998 World Cup group stage, Norway once secured a 2-1 come-from-behind win over Brazil, and current head coach St?le Solbakken was a member of that Norway squad. This match will also be a showdown between the two teams’ top strikers: Brazil forward Vinícius has scored 4 goals in the tournament so far, while Norway forward Erling Haaland has netted 5 goals, with their performances likely to be key to the match’s outcome.
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Serenity: JD.com plans to replace 700,000 delivery personnel with robots, and the automation wave in the logistics sector is poised to sweep the globe.
Serenity published an article noting that Liu Qiangdong, founder of e-commerce giant JD.com, has revealed robots will gradually replace around 700,000 delivery workers in the future. JD has signed cooperation agreements with roughly 120 schools to train delivery staff to transition to roles including robot repair and maintenance. Serenity views this as aligning with Amazon’s earlier plan to cut around 600,000 future hiring needs through robots, signaling accelerating commercialization of robotics and a shift in the logistics industry’s workforce structure from "manual delivery" to "robot operation and maintenance". It forecasts this model may gradually expand to global logistics and delivery platforms like DoorDash, Uber, and Mercado Libre, with robotics commercialization potentially proceeding faster than market consensus.
The KelpDAO exploit has rattled confidence in decentralized finance (DeFi) and sparked a capital exodus, dragging total value locked across the sector from $99.5 billion to $83.7 billion since April 18.
Aave is now spearheading a “DeFi United” effort, with support from major protocols, to restore the backing of rsETH, the liquid restaking token at the center of the crisis.
Stani Kulechov Pledges 5,000 ETH Personally as Aave’s DeFi United Takes ShapeOn April 18, attackers drained 116,500 rsETH, worth roughly $292 million, from KelpDAO’s cross-chain bridge. The stolen tokens were then deposited as collateral on Aave V3, where the hacker borrowed large volumes of Wrapped Ether (WETH) against them.
Because the rsETH became unbacked, the positions are effectively unliquidatable, leaving Aave with bad debt.
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Panic withdrawals followed. Aave’s total deposits dropped from $45.8 billion to $28.6 billion, marking a $17.2 billion decline. According to LayerZero, early data points to the Lazarus Group’s TraderTraitor as the likely party responsible for the biggest DeFi hack of 2026.
In an X post, Aave said several firm indicative commitments have been lined up from participants willing to help restore rsETH’s backing. Lido Finance has submitted a proposal to contribute up to 2,500 staked ether (stETH) to a dedicated relief vehicle.
Mantle Treasury followed with its own proposal to lend up to 30,000 ETH to Aave DAO. Aave founder Stani Kulechov personally committed 5,000 ETH.
“Aave is my life’s work and we’re working nonstop to find the best possible outcome for users. I’m personally contributing 5000 ETH to DeFi United as we continue working together with partners on formalizing more commitments. I’m working to see this resolved and market conditions normalized as soon as possible,” Kulechov wrote.
EtherFi Foundation proposed another 5,000 ETH, and Golem contributed 1,000 ETH. The initiative has also received support from Ethena, LayerZero, Tydro, the Ink Foundation, Frax Finance, and more.
Aave also paused rsETH reserves across Ethereum Core, Arbitrum, Base, Mantle, and Linea to support recovery.
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Solana-based Drift Protocol has suffered the largest exploit of 2026 to date, losing nearly $300 million in a “highly sophisticated operation” that has raised concerns about the growing threat of human-targeted attacks in the crypto space.
Solana DEX Loses $285M On April Fool’s Day On Wednesday, Solana-based decentralized exchange (DEX) Drift Protocol was the victim of an exploit that stole hundreds of millions of dollars from its vaults. After online reports flagged unusual on-chain activity yesterday afternoon, Drift’s official channels confirmed the attack, quickly suspending deposits and withdrawals.
Drift Protocol confirms the attack. Source: X According to reports, the attack lasted less than 20 minutes and stole around $285 million in multiple assets, including USDC, JPL, USDT, JUP, USDS, WBTC, and WETH, from nearly 20 vaults. This marks the largest crypto exploit of 2026 to date, and one of the largest hacks in the industry, just above WazirX’s $235 million hack.
The hack wiped out half of the Solana-based project’s total value locked (TVL), which fell from roughly $550 million to $252 million, per DeFiLlama data. Drift protocol’s token, DRIFT, also plunged, retracing nearly 40% over the past 24 hours.
Within hours, the exploiter had swapped $270.9 million into USDC, bridged them from Solana to Ethereum via the CCTP TokenMessengerMinterV2, and purchased 129,000 ETH, splitting them across multiple wallets.
In a Thursday post, Drift shared the details of the incident, affirming that “a malicious actor gained unauthorized access to Drift Protocol through a novel attack involving durable nonces, resulting in a rapid takeover of Drift’s Security Council administrative powers.”
Solana’s durable nonces are an advanced mechanism that allows transactions to bypass the typical short expiration date of regular transactions. This enables users to pre-sign transactions for future execution, offline signing, or complex multisig workflows.
“This was a highly sophisticated operation that appears to have involved multi-week preparation and staged execution, including the use of durable nonce accounts to pre-sign transactions that delayed execution,” the post continued.
Malicious Actors Targeting Humans, Not Smart Contracts The Solana-based DEX emphasized that the exploit was not the result of a bug in Drift’s programs or smart contracts, noting that they found no evidence of compromised see phrases either.
“The attack involved unauthorized or misrepresented transaction approvals obtained prior to execution, likely facilitated through durable nonce mechanisms and sophisticated social engineering,” the project underscored.
Lily Liu, President of the Solana Foundation, addressed the incident, asserting that it is a blow to the whole Solana ecosystem. Liu pointed out that “Smart contracts held up. The real targets now are humans: social engineering and opsec weaknesses more than code exploits.”
Ledger CTO Charles Guillemet linked Drift’s attack method to Bybit’s $1.4 billion hack, which was attributed to North Korean hacking groups. As he explained, the attackers likely compromised several machines belonging to multisig signers through long-term infiltration and misled operators into approving the malicious transactions.
This modus operandi is similar to the Bybit hack last year, widely attributed to DPRK-linked actors. The pattern is becoming familiar: patient, sophisticated supply-chain-level compromise targeting the human and operational layer, not the smart contracts themselves.
Guillemet affirmed that the incident is “yet another wake-up call for the industry” to raise the bar on security. “Ultimately, security is not just about code audits. It’s about giving operators and users the right information at the right time, so they can make informed decisions about what they sign,” he concluded.
Solana trades at $76 in the one-week chart. Source: SOLUSDT on TradingView Featured Image from Unsplash.com, Chart from TradingView.com
PANews reported on May 14th that the Compound Foundation stated that, following collaboration with the Aave and KelpDAO teams, all WETH and wstETH Comet positions involved in the rsETH vulnerability exploit were closed over the weekend, and all rsETH held by the attackers has been transferred to DeFi United. Compound stated that this swift action effectively mitigated market risks and protected the protocol's suppliers and reserve funds. Transfer restrictions on Ethereum WETH and wstETH Comet have now been lifted, and all Comet markets have resumed normal operation.
Morgan Stanley raises Micron's price target to $1,200, maintains 'Overweight' rating.
Morgan Stanley released a report raising Micron Technology (MU.O)’s price target from $1,050 to $1,200, while maintaining an "Overweight" rating. The investment bank lifted its fiscal 2027 earnings per share (EPS) forecast for the chipmaker by roughly 40% to $168, and upgraded its free cash flow (FCF) projection from $104 billion to $140 billion. Aligning with Micron’s management, the bank holds that AI will push DRAM demand to consistently outpace supply significantly after 2027. Micron’s last fiscal quarter results matched this trend, with both its quarterly performance and outlook showing notable upside potential.
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US officials: Israel has withdrawn troops from parts of the buffer zone in southern Lebanon.
A U.S. State Department official said Israel has withdrawn from parts of the buffer zone in southern Lebanon, describing the move as a "goodwill gesture" toward the Lebanese government.
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CBRS trades below IPO price post-earnings: Erases all gains six weeks after listing, two smart money firms net $5.8 million from first-day IPO shorts.
According to Hyperinsight monitoring, Cerebras (CBRS), the AI chip firm previously dubbed "Nvidia’s strongest challenger", saw its stock price fall in stages after reporting its first quarterly results since going public, as negative guidance overshadowed better-than-expected performance. The stock has dropped roughly 22% since the earnings release and officially broke below its IPO price today. On-chain whales are overall bearish. CBRS trades at $184 on the Hyperliquid platform, down 7.7% in 24 hours. Large-scale short positions (million-dollar level) total around $11.62 million, 2.39 times the long positions ($4.87 million). Two major short positions were placed precisely at high levels as early as the IPO day or even before the IPO: - Whale 0xe0ff: Shorted at $284.51 on May 14 with a 3x leveraged position of $6.13 million, generating an unrealized profit of $3.24 million (+104%); - Whale 0x9996: Shorted at $275.92 on May 11 with a 5x leveraged position of $5.48 million, generating an unrealized profit of $2.64 million (+162%). It is learned that both addresses currently hold short positions in both CBRS and SPCX, and have recorded substantial unrealized profits, preferring to place short positions at high levels before or on the day of major stock listings. With the realization of negative earnings news in this round, the combined unrealized profit of the two positions is around $5.88 million. Currently, the average entry price of CBRS short whales is around $275, and the current price is over 30% lower than that. The nearest short liquidation line is at $200.13, about 7% away from the current price.
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Multiple high-performing domestic public mutual fund products have tightened their purchase restrictions.
E Fund Management announced in its latest filing that the E Fund Information Industry Select Fund, managed by Zheng Xi, has cut its purchase limit to 10,000 yuan. The same purchase limit reduction to 10,000 yuan applies to another fund under his management, E Fund Information Industry Fund, while E Fund Global Growth Select Hybrid Fund (QDII) has lowered its purchase limit to 10 yuan. In addition, Guolianan Preferred Industry Fund, Harvest Tech Innovation Fund, and Principal Performance-Driven Fund have also announced purchase limits or adjustments to their limits recently. Jin Zicai, a fund manager closely watched by the market, imposed additional purchase limits on multiple public offering funds under his management, with the four funds involved cutting their purchase limits to 500 yuan starting June 23. Purchase limits on high-performing funds likely stem from multiple considerations: they can avoid return dilution caused by short-term concentrated subscriptions, and proactive limits during overheated market conditions also send risk warning signals to the market. As the first half of the year draws to a close, such moves have become increasingly frequent. Overall, Wind data shows that since June alone, 19 funds with year-to-date net asset value returns exceeding 90% have suspended large subscriptions or adjusted their purchase caps. (Source: Cailian Press)
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The US stock market's optical communication sector rises across the board in pre-market trading, with Corning up 9.28%.
According to Bitget market data, the U.S. stock market's optical communication sector saw broad pre-market gains, with MRVL rising 4.99%, LITE up 3.24%, Nokia up 3.11%, Corning up 9.28%, and AXTI up 6.69%.
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US-listed AI chip stocks saw mixed pre-market performance, with Qualcomm surging 13%.
According to Bitget market data, U.S. AI chip stocks posted mixed pre-market performance: Qualcomm (QCOM.O) surged 13%, Intel (INTC.O) rose nearly 6%, AMD (AMD.O) gained nearly 4%, and Google (GOOG.O) declined 1.4%.
Another multi-million-dollar attack has hit the DeFi sector after liquidity provider and market maker TrustedVolumes fell victim to a smart contract exploit on Thursday night.
TrustedVolumes Hit By $6.7M Hack On Thursday, DeFi platform TrustedVolumes, one of 1inch liquidity providers and market makers, suffered a new exploit that drained millions of dollars in multiple assets from the project.
According to reports from blockchain security firms PeckShield and Blockaid, the attacker stole approximately $6 million in Wrapped Ethereum (WETH), Wrapped Bitcoin (WBTC), USDT, and USDT after exploiting a vulnerability in the protocol’s core signature validation logic, which allowed them to bypass authorization checks and forge trading orders.
Notably, the hacker quickly exchanged all assets for 2.513 ETH on a Decentralized Exchange (DEX) and distributed them across three addresses. In an X post, TrustedVolumes confirmed the incident, sharing the addresses currently holding the stolen funds and updating the estimated loss to roughly $6.7 million.
TrustedVolumes confirms exploit. Source: X The vulnerability was a TrustedVolumes-controlled custom RFQ (request for quote) swap proxy. Crypto researcher Humphrey explained that “the Custom RFQ Swap Proxy contract contains a function designed to manage the ‘authorized order signer’ whitelist. Such whitelist mechanisms are common in DeFi—only addresses on the whitelist can issue valid transaction instructions on behalf of the protocol.”
However, he noted that “this registration function is public and lacks any permission modifiers.” As a result, the attacker exploited this public function within the contract, registering themselves as an authorized order signer.
“Since any external address can call this function, it is equivalent to giving everyone the ability to make a copy of the safe’s key,” the researcher continued.
Same Hacker, Different Attack The online reports revealed that the attacker was the same hacker responsible for the $5 million 1inch Fusion V1 Settlement contract exploit in March 2025, which TrustedVolumes was the primary victim.
Humprey highlighted that while the same individual carried out both attacks, they were significantly different on a technical level. According to the post, the 2025 vulnerability involved low-level EVM memory manipulation in the 1inch Fusion V1 Settlement contract.
At the time, the hacker “proactively initiated on-chain negotiations,” offering to return the stolen assets for a white hat bounty. The DeFi platform accepted the proposal, and most of the funds were safely returned.
Now, TrustedVolumes affirmed that it is “open to constructive communication regarding a bug bounty and a mutually acceptable resolution.”
Decentralized exchange aggregator 1inch clarified that there was no impact on its systems, infrastructure, or user funds, explaining that “TrustedVolumes operate independently as a liquidity provider, used by multiple protocols across the industry, and are not exclusive to 1inch.”
DeFi Exploits See Historic Surge This attack follows a wave of exploits that has shaken the DeFi sector over the past month. Last week, PeckShield revealed that the crypto space saw 40 major hacks in April, which drained approximately $647 million.
This figure represents a 1,140% Month-over-Month (MoM) increase from March’s $52.2 million. It also represents a 292% surge from the $165 million the DeFi sector lost during the first quarter of 2026.
Notably, the top two incidents of the month, Drift Protocol’s $285 million and KelpDAO’s $290 million exploits, accounted for 91% of the funds lost last month. In addition, they now rank among the Top 10 hacks since 2021.
ETH’s performance in the one-week chart. Source: ETHUSDT on TradingView Featured Image from Unsplash.com, Chart from TradingView.com
SparkLend, the lending arm of the Sky Protocol ecosystem, currently shows more than $725 million in wrapped Ether borrowed at a variable rate of just 1.81%. That’s a borrowing cost low enough to make traditional finance blush, and it’s attracting serious capital.
The protocol’s utilization rate sits at 70.7%, meaning roughly seven out of every ten dollars deposited into its WETH pool are actively being lent out.
How SparkLend keeps rates anchored The protocol deliberately pegs its WETH borrowing cost to stETH staking yields, specifically using a two-day average minus 10 basis points.
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In English: if you can earn, say, 1.91% by staking ETH through Lido, SparkLend will let you borrow ETH for roughly 1.81%. The spread is razor-thin by design.
Steady growth, not a spike A snapshot from May 21 showed $761 million in WETH borrowed at a slightly higher rate of 1.85%, with utilization touching 72.1%. That same period saw nearly $1.95 billion in wstETH (wrapped staked ETH) supplied to the protocol as collateral.
Going further back, data from January 15 pegged total WETH borrowing at $711.1 million, representing 46.2% of SparkLend’s overall $1.54 billion borrowing pool at that time. So from January through June, the protocol has maintained borrowing volumes in the $700M to $760M range for WETH alone, with only modest fluctuations.
What this means for investors SparkLend is an Aave V3 fork operating under Sky governance (formerly MakerDAO). For ETH holders, sub-2% borrowing rates mean cheap leverage. If you’re bullish on ETH and want exposure without selling other assets, SparkLend offers one of the most cost-effective ways to do it in DeFi right now.
SparkLend’s approach anchors rates to an external yield benchmark — staking returns — rather than using algorithmic interest rate curves that respond to utilization, as traditional lending platforms like Aave and Compound do.
The risk is that staking yields could shift dramatically. If Ethereum’s staking rate drops significantly, SparkLend’s borrowing rate follows, potentially compressing lender returns to unattractive levels. Conversely, if staking yields spike, the spread narrows in a way that could reduce the looping incentive.
There’s also concentration risk to consider. With nearly $1.95 billion in wstETH supplied and $725 million in WETH borrowed, the protocol is heavily tilted toward a single asset class. A sharp ETH price decline wouldn’t just hit borrowers. It would pressure the entire collateral base simultaneously.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Jefferies: Samsung is likely to follow SK Hynix’s example to list in the US via ADRs.
Jeff Kim, Head of Research at Jefferies, said Samsung is likely to follow SK Hynix in listing on the U.S. market via American Depositary Receipts (ADRs), which will boost the share price of the South Korean chipmaker whose valuation lags behind Micron. "Chip stocks are at a turning point. ADRs will serve as an important catalyst to drive their valuations," he added.
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UBS and TD Cowen sharply raise Arm’s target price, betting on a revaluation of Arm’s AI data center CPU value.
Arm’s stock price pulled back this week alongside the high-valuation AI sector, though some Wall Street analysts say the correction does not alter the company’s long-term standing in AI data centers. UBS sharply raised Arm’s price target from $260 to $470, retaining its Buy rating; TD Cowen lifted its target from $265 to $475, also keeping a Buy recommendation. Both firms share the view that as agentic AI evolves, CPUs could gain greater importance in data center architectures, rather than GPUs continuing to monopolize the investment narrative. TD Cowen believes that over the long term, CPUs could hold a more strategic position in certain AI workloads. UBS, meanwhile, emphasizes that the real debate in the market centers on the revenue potential of Arm’s self-developed or independent CPU business. The bank projects Arm’s CPU-related revenue could reach around $14 billion by 2030, though the company itself has stated this business will not have a material impact on its finances until fiscal 2028. Arm’s strengths lie in low latency and energy efficiency—metrics that major cloud providers are increasingly prioritizing as they expand AI infrastructure. Even with its stock pulling back from recent highs in the short term, analysts still view Arm as one of the key beneficiaries of the server CPU upgrade cycle.
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Crypto whale who profited over $23.77 million from BAT ICO liquidates 27,586 ETH
According to monitoring by Yu Jing, a whale that earned $23.77 million from participating in the BAT ICO sold 15,000 ETH (valued at roughly $24.29 million) two hours ago. The whale has now fully liquidated all 27,586 ETH it received from selling 35 million BAT on-chain over the past day and a half, converting the proceeds into 44.836 million USDS at an average selling price of $1,625.
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Sources: Iraqi officials once considered withdrawing from OPEC, but current plans are to remain a member and pursue a higher quota.
A senior Iraqi oil ministry official said that if OPEC quotas are not significantly increased, Iraq will be forced to consider all available options. Sources said Iraqi officials had considered withdrawing from OPEC, but the current plan is to remain a member and push for higher quotas. (Jinshi)
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Kepler Cheuvreux raises ASML’s European share price target from €1,460 to €1,830.
Kepler Cheuvreux has raised the target price for ASML’s European shares from €1,460 to €1,830.
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Stifel: U.S. economy in "overheated expansion" as AI investment cycle outweighs consumer pressure
U.S. large diversified financial services holding company Stifel has raised its year-end S&P 500 target and rolled out a stock allocation framework for a "high-growth, high-inflation" environment. The firm lifted its year-end S&P 500 target to 7,800 points, noting the U.S. economy is entering a "running hot" state—where economic growth is strengthening alongside mounting inflationary pressure. Stifel’s models show U.S. growth momentum is picking up while inflation momentum is clearly overheating, a trend that will reshape the market’s leading sector structure in the second half of the year. Instead of traditional consumer sectors, Stifel’s top picks are investment-led cyclical industries, including banks, transportation, materials, energy, semiconductors, software and equipment. The firm adds that fixed-asset investment in AI remains on the rise: large tech firms including Amazon, Microsoft, Meta and Google are projected to combine for roughly $725 billion in total capital expenditures in 2026, some $100 billion higher than prior estimates. This means the AI investment chain is likely to continue outperforming the consumption chain squeezed by inflation. Stifel advises investors to reduce exposure to discretionary consumer, consumer staples, communication services and some financial services sectors, as these areas see weaker earnings revisions. Conversely, the firm favors cyclical value stocks and hedges with defensive value sectors such as insurance, autos, energy and banks.
Jefferies: Samsung is likely to follow SK Hynix’s example to list in the US via ADRs.
Jeff Kim, Head of Research at Jefferies, said Samsung is likely to follow SK Hynix in listing on the U.S. market via American Depositary Receipts (ADRs), which will boost the share price of the South Korean chipmaker whose valuation lags behind Micron. "Chip stocks are at a turning point. ADRs will serve as an important catalyst to drive their valuations," he added.
9 minutes ago
UBS and TD Cowen sharply raise Arm’s target price, betting on a revaluation of Arm’s AI data center CPU value.
Arm’s stock price pulled back this week alongside the high-valuation AI sector, though some Wall Street analysts say the correction does not alter the company’s long-term standing in AI data centers. UBS sharply raised Arm’s price target from $260 to $470, retaining its Buy rating; TD Cowen lifted its target from $265 to $475, also keeping a Buy recommendation. Both firms share the view that as agentic AI evolves, CPUs could gain greater importance in data center architectures, rather than GPUs continuing to monopolize the investment narrative. TD Cowen believes that over the long term, CPUs could hold a more strategic position in certain AI workloads. UBS, meanwhile, emphasizes that the real debate in the market centers on the revenue potential of Arm’s self-developed or independent CPU business. The bank projects Arm’s CPU-related revenue could reach around $14 billion by 2030, though the company itself has stated this business will not have a material impact on its finances until fiscal 2028. Arm’s strengths lie in low latency and energy efficiency—metrics that major cloud providers are increasingly prioritizing as they expand AI infrastructure. Even with its stock pulling back from recent highs in the short term, analysts still view Arm as one of the key beneficiaries of the server CPU upgrade cycle.
9 minutes ago
Crypto whale who profited over $23.77 million from BAT ICO liquidates 27,586 ETH
According to monitoring by Yu Jing, a whale that earned $23.77 million from participating in the BAT ICO sold 15,000 ETH (valued at roughly $24.29 million) two hours ago. The whale has now fully liquidated all 27,586 ETH it received from selling 35 million BAT on-chain over the past day and a half, converting the proceeds into 44.836 million USDS at an average selling price of $1,625.
9 minutes ago
Sources: Iraqi officials once considered withdrawing from OPEC, but current plans are to remain a member and pursue a higher quota.
A senior Iraqi oil ministry official said that if OPEC quotas are not significantly increased, Iraq will be forced to consider all available options. Sources said Iraqi officials had considered withdrawing from OPEC, but the current plan is to remain a member and push for higher quotas. (Jinshi)
9 minutes ago
Kepler Cheuvreux raises ASML’s European share price target from €1,460 to €1,830.
Kepler Cheuvreux has raised the target price for ASML’s European shares from €1,460 to €1,830.
9 minutes ago
Stifel: U.S. economy in "overheated expansion" as AI investment cycle outweighs consumer pressure
U.S. large diversified financial services holding company Stifel has raised its year-end S&P 500 target and rolled out a stock allocation framework for a "high-growth, high-inflation" environment. The firm lifted its year-end S&P 500 target to 7,800 points, noting the U.S. economy is entering a "running hot" state—where economic growth is strengthening alongside mounting inflationary pressure. Stifel’s models show U.S. growth momentum is picking up while inflation momentum is clearly overheating, a trend that will reshape the market’s leading sector structure in the second half of the year. Instead of traditional consumer sectors, Stifel’s top picks are investment-led cyclical industries, including banks, transportation, materials, energy, semiconductors, software and equipment. The firm adds that fixed-asset investment in AI remains on the rise: large tech firms including Amazon, Microsoft, Meta and Google are projected to combine for roughly $725 billion in total capital expenditures in 2026, some $100 billion higher than prior estimates. This means the AI investment chain is likely to continue outperforming the consumption chain squeezed by inflation. Stifel advises investors to reduce exposure to discretionary consumer, consumer staples, communication services and some financial services sectors, as these areas see weaker earnings revisions. Conversely, the firm favors cyclical value stocks and hedges with defensive value sectors such as insurance, autos, energy and banks.
Jefferies: Samsung is likely to follow SK Hynix’s example to list in the US via ADRs.
Jeff Kim, Head of Research at Jefferies, said Samsung is likely to follow SK Hynix in listing on the U.S. market via American Depositary Receipts (ADRs), which will boost the share price of the South Korean chipmaker whose valuation lags behind Micron. "Chip stocks are at a turning point. ADRs will serve as an important catalyst to drive their valuations," he added.
9 minutes ago
UBS and TD Cowen sharply raise Arm’s target price, betting on a revaluation of Arm’s AI data center CPU value.
Arm’s stock price pulled back this week alongside the high-valuation AI sector, though some Wall Street analysts say the correction does not alter the company’s long-term standing in AI data centers. UBS sharply raised Arm’s price target from $260 to $470, retaining its Buy rating; TD Cowen lifted its target from $265 to $475, also keeping a Buy recommendation. Both firms share the view that as agentic AI evolves, CPUs could gain greater importance in data center architectures, rather than GPUs continuing to monopolize the investment narrative. TD Cowen believes that over the long term, CPUs could hold a more strategic position in certain AI workloads. UBS, meanwhile, emphasizes that the real debate in the market centers on the revenue potential of Arm’s self-developed or independent CPU business. The bank projects Arm’s CPU-related revenue could reach around $14 billion by 2030, though the company itself has stated this business will not have a material impact on its finances until fiscal 2028. Arm’s strengths lie in low latency and energy efficiency—metrics that major cloud providers are increasingly prioritizing as they expand AI infrastructure. Even with its stock pulling back from recent highs in the short term, analysts still view Arm as one of the key beneficiaries of the server CPU upgrade cycle.
9 minutes ago
Crypto whale who profited over $23.77 million from BAT ICO liquidates 27,586 ETH
According to monitoring by Yu Jing, a whale that earned $23.77 million from participating in the BAT ICO sold 15,000 ETH (valued at roughly $24.29 million) two hours ago. The whale has now fully liquidated all 27,586 ETH it received from selling 35 million BAT on-chain over the past day and a half, converting the proceeds into 44.836 million USDS at an average selling price of $1,625.
9 minutes ago
Sources: Iraqi officials once considered withdrawing from OPEC, but current plans are to remain a member and pursue a higher quota.
A senior Iraqi oil ministry official said that if OPEC quotas are not significantly increased, Iraq will be forced to consider all available options. Sources said Iraqi officials had considered withdrawing from OPEC, but the current plan is to remain a member and push for higher quotas. (Jinshi)
9 minutes ago
Kepler Cheuvreux raises ASML’s European share price target from €1,460 to €1,830.
Kepler Cheuvreux has raised the target price for ASML’s European shares from €1,460 to €1,830.
9 minutes ago
Stifel: U.S. economy in "overheated expansion" as AI investment cycle outweighs consumer pressure
U.S. large diversified financial services holding company Stifel has raised its year-end S&P 500 target and rolled out a stock allocation framework for a "high-growth, high-inflation" environment. The firm lifted its year-end S&P 500 target to 7,800 points, noting the U.S. economy is entering a "running hot" state—where economic growth is strengthening alongside mounting inflationary pressure. Stifel’s models show U.S. growth momentum is picking up while inflation momentum is clearly overheating, a trend that will reshape the market’s leading sector structure in the second half of the year. Instead of traditional consumer sectors, Stifel’s top picks are investment-led cyclical industries, including banks, transportation, materials, energy, semiconductors, software and equipment. The firm adds that fixed-asset investment in AI remains on the rise: large tech firms including Amazon, Microsoft, Meta and Google are projected to combine for roughly $725 billion in total capital expenditures in 2026, some $100 billion higher than prior estimates. This means the AI investment chain is likely to continue outperforming the consumption chain squeezed by inflation. Stifel advises investors to reduce exposure to discretionary consumer, consumer staples, communication services and some financial services sectors, as these areas see weaker earnings revisions. Conversely, the firm favors cyclical value stocks and hedges with defensive value sectors such as insurance, autos, energy and banks.
Jefferies: Samsung is likely to follow SK Hynix’s example to list in the US via ADRs.
Jeff Kim, Head of Research at Jefferies, said Samsung is likely to follow SK Hynix in listing on the U.S. market via American Depositary Receipts (ADRs), which will boost the share price of the South Korean chipmaker whose valuation lags behind Micron. "Chip stocks are at a turning point. ADRs will serve as an important catalyst to drive their valuations," he added.
9 minutes ago
UBS and TD Cowen sharply raise Arm’s target price, betting on a revaluation of Arm’s AI data center CPU value.
Arm’s stock price pulled back this week alongside the high-valuation AI sector, though some Wall Street analysts say the correction does not alter the company’s long-term standing in AI data centers. UBS sharply raised Arm’s price target from $260 to $470, retaining its Buy rating; TD Cowen lifted its target from $265 to $475, also keeping a Buy recommendation. Both firms share the view that as agentic AI evolves, CPUs could gain greater importance in data center architectures, rather than GPUs continuing to monopolize the investment narrative. TD Cowen believes that over the long term, CPUs could hold a more strategic position in certain AI workloads. UBS, meanwhile, emphasizes that the real debate in the market centers on the revenue potential of Arm’s self-developed or independent CPU business. The bank projects Arm’s CPU-related revenue could reach around $14 billion by 2030, though the company itself has stated this business will not have a material impact on its finances until fiscal 2028. Arm’s strengths lie in low latency and energy efficiency—metrics that major cloud providers are increasingly prioritizing as they expand AI infrastructure. Even with its stock pulling back from recent highs in the short term, analysts still view Arm as one of the key beneficiaries of the server CPU upgrade cycle.
9 minutes ago
Crypto whale who profited over $23.77 million from BAT ICO liquidates 27,586 ETH
According to monitoring by Yu Jing, a whale that earned $23.77 million from participating in the BAT ICO sold 15,000 ETH (valued at roughly $24.29 million) two hours ago. The whale has now fully liquidated all 27,586 ETH it received from selling 35 million BAT on-chain over the past day and a half, converting the proceeds into 44.836 million USDS at an average selling price of $1,625.
9 minutes ago
Sources: Iraqi officials once considered withdrawing from OPEC, but current plans are to remain a member and pursue a higher quota.
A senior Iraqi oil ministry official said that if OPEC quotas are not significantly increased, Iraq will be forced to consider all available options. Sources said Iraqi officials had considered withdrawing from OPEC, but the current plan is to remain a member and push for higher quotas. (Jinshi)
9 minutes ago
Kepler Cheuvreux raises ASML’s European share price target from €1,460 to €1,830.
Kepler Cheuvreux has raised the target price for ASML’s European shares from €1,460 to €1,830.
9 minutes ago
Stifel: U.S. economy in "overheated expansion" as AI investment cycle outweighs consumer pressure
U.S. large diversified financial services holding company Stifel has raised its year-end S&P 500 target and rolled out a stock allocation framework for a "high-growth, high-inflation" environment. The firm lifted its year-end S&P 500 target to 7,800 points, noting the U.S. economy is entering a "running hot" state—where economic growth is strengthening alongside mounting inflationary pressure. Stifel’s models show U.S. growth momentum is picking up while inflation momentum is clearly overheating, a trend that will reshape the market’s leading sector structure in the second half of the year. Instead of traditional consumer sectors, Stifel’s top picks are investment-led cyclical industries, including banks, transportation, materials, energy, semiconductors, software and equipment. The firm adds that fixed-asset investment in AI remains on the rise: large tech firms including Amazon, Microsoft, Meta and Google are projected to combine for roughly $725 billion in total capital expenditures in 2026, some $100 billion higher than prior estimates. This means the AI investment chain is likely to continue outperforming the consumption chain squeezed by inflation. Stifel advises investors to reduce exposure to discretionary consumer, consumer staples, communication services and some financial services sectors, as these areas see weaker earnings revisions. Conversely, the firm favors cyclical value stocks and hedges with defensive value sectors such as insurance, autos, energy and banks.
ETH swing trading whale nemorino.eth opens $10.71 million ETH swing trade again after 12 days
PANews reported on June 9th that, according to on-chain analyst Ai Yi, ETH whale nemorino.eth has launched a $10.71 million ETH swing trade after a 12-day hiatus. Eleven hours ago, it purchased 6328.6 WETH via Cowswap at an average price of $1690.7, and has already deposited 2000 of them into Aave. In the previous ETH swing trade that ended on May 28th, it incurred a loss of $480,000.
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A-shares close: ChiNext rebounds with volume up 2.84%, over 4200 stocks decline across the market
PANews reported on June 9th that Cyvers Alerts detected suspicious transactions related to Token of Power (TOP), resulting in a loss of approximately $1.58 million. An address depositing funds via TornadoCash initiated malicious transactions into the TOP/WETH Balancer V1 liquidity pool, draining the pool's funds and then depositing the stolen assets back into TornadoCash. Cyvers stated that this behavior resembled a fraudulent attack and advised users to pay attention to their risk control measures to mitigate similar risks.
Token of Power suffered an exploit on Tuesday that drained more than $1.5 million from its liquidity pool. On-chain firms Blockaid, PeckShield, and Cyvers flagged the incident in posts on X.
Token of Power lost 944.2 WETH, worth about $1.58 million, from its TOP/WETH Balancer V1 pool. Blockaid described the incident as a governance-takeover attack, while Cyvers traced the drain to the Balancer pool. PeckShield data showed the attacker later moved stolen funds into the Tornado Cash crypto mixer. The attack targeted the TOP/WETH Balancer V1 Pool and drained 944.2 WETH.
Token of Power, also known as TOP, is an Ethereum-based ERC-20 token. The project operates under a DAO called The Mask of Power. The project built TOP around collective ownership of a specific MetaMask NFT. Its token also supported liquidity for the project’s market activity.
Cyvers said the attacker drained funds from the TOP/WETH Balancer V1 Pool. The pool held TOP tokens and Wrapped Ethereum under a 50-50 structure. Wrapped Ethereum, or WETH, represents ETH in a token format used across DeFi.
The Balancer V1 pool functioned as an automated trading vault for both assets. Blockaid described the incident as a “governance-takeover attack” in its X post. PeckShield and Cyvers also published alerts as the transaction activity became visible on-chain.
On-chain firms report 944.2 WETH loss On-chain intelligence firms said the attacker added a large number of TOP tokens into the pool. The attacker then swapped those tokens against the pool’s real WETH reserves. The exploit drained 944.2 WETH, worth about $1.58 million at the time.
After the drain, the pool held heavily diluted TOP tokens. The incident left liquidity providers exposed to tokens with little market value. Further project details on recovery, compensation, or next steps remain unavailable.
PeckShield data showed the attacker later moved stolen funds into Tornado Cash. Tornado Cash is a crypto mixer that can make tracing funds more difficult. The movement to Tornado Cash followed the initial drain from the Balancer pool. Security firms have not yet published a complete technical report on the incident.
Exploit follows separate Humanity Protocol breach The Token of Power incident came one day after another reported DeFi security breach. As it was reported by crypto.news, Humanity Protocol lost $36 million in user funds through an employee’s laptop breach. The two incidents affected different projects and used different reported attack paths.
However, both cases drew attention from blockchain security firms this week. The Humanity Protocol breach involved a digital identity project built on blockchain infrastructure. In contrast, the Token of Power exploit centered on a liquidity pool.
The TOP project has not yet released a full incident review in the provided details. More information about the attacker’s route and possible project response remains pending. Blockaid, PeckShield, and Cyvers continue to serve as the main cited sources for the incident. Their alerts identified the affected pool, the estimated loss, and the fund movement.
PANews reported on June 11 that, according to Bits.media, the NovaBox platform's reward pool was hacked on Ethereum on June 9, resulting in the loss of approximately 56.73 ETH, affecting over 130 depositors. The attackers drained the pool from 65.11 ETH to 0.09 ETH in a single transaction, representing approximately 99.86% of the total. Security firm F12 stated that the incident was not due to a smart contract vulnerability, but rather a flaw in the reward distribution mechanism.
The attacker borrowed 427.5 WETH through an Aave V3 flash loan, exploiting a vulnerability in NovaBox's mechanism where dividends are paid out before the balance is updated upon user deposits and withdrawals. The hacker first deposited a small amount of NOVA tokens to trigger dividend calculation, then deposited a large amount of ETH, significantly increasing the actual share. However, because the system failed to update the balance in time, dividends were still calculated based on the previous small share, but were paid out based on the new large share, resulting in a "phantom dividend" of approximately 145.82 ETH, thus depleting the reward pool.
PANews, June 21 – MEV bot developer JaredFromSubway.eth posted that his MEV bot was hacked and drained of approximately $15 million in assets. He publicly offered a $1 million bounty for the full return of the funds, promising complete confidentiality and a secure return, emphasizing that this is a legitimate and time-sensitive bounty, and calling on the hacker to contact him privately.
Security firm Blockaid stated that the attacker constructed fake token wrappers and liquidity pools, tricking the automated MEV execution system into granting token approvals to attacker-controlled contracts. The attacker then exploited the unrevoked approvals to transfer out assets such as WETH, USDC, and USDT held by the bot via transferFrom. Blockaid noted that this incident was neither a traditional phishing attack nor a smart contract vulnerability in the victim contract itself; rather, the attacker exploited a flaw in the bot’s mechanism for automatically identifying arbitrage opportunities and generating approvals.
PANews, June 21 – According to PeckShieldAlert monitoring, the attacker of the MEV bot JaredFromSubway stole 1,474.58 WETH, 2.87 million USDC, and 2 million USDT. The attacker swapped the stolen funds for 4,400 ETH and has deposited 1,000 ETH into TornadoCash.
Earlier news reported that the MEV bot JaredFromSubway was attacked, with approximately $7.5 million in assets stolen.
Jefferies: Samsung is likely to follow SK Hynix’s example to list in the US via ADRs.
Jeff Kim, Head of Research at Jefferies, said Samsung is likely to follow SK Hynix in listing on the U.S. market via American Depositary Receipts (ADRs), which will boost the share price of the South Korean chipmaker whose valuation lags behind Micron. "Chip stocks are at a turning point. ADRs will serve as an important catalyst to drive their valuations," he added.
8 minutes ago
UBS and TD Cowen sharply raise Arm’s target price, betting on a revaluation of Arm’s AI data center CPU value.
Arm’s stock price pulled back this week alongside the high-valuation AI sector, though some Wall Street analysts say the correction does not alter the company’s long-term standing in AI data centers. UBS sharply raised Arm’s price target from $260 to $470, retaining its Buy rating; TD Cowen lifted its target from $265 to $475, also keeping a Buy recommendation. Both firms share the view that as agentic AI evolves, CPUs could gain greater importance in data center architectures, rather than GPUs continuing to monopolize the investment narrative. TD Cowen believes that over the long term, CPUs could hold a more strategic position in certain AI workloads. UBS, meanwhile, emphasizes that the real debate in the market centers on the revenue potential of Arm’s self-developed or independent CPU business. The bank projects Arm’s CPU-related revenue could reach around $14 billion by 2030, though the company itself has stated this business will not have a material impact on its finances until fiscal 2028. Arm’s strengths lie in low latency and energy efficiency—metrics that major cloud providers are increasingly prioritizing as they expand AI infrastructure. Even with its stock pulling back from recent highs in the short term, analysts still view Arm as one of the key beneficiaries of the server CPU upgrade cycle.
8 minutes ago
Crypto whale who profited over $23.77 million from BAT ICO liquidates 27,586 ETH
According to monitoring by Yu Jing, a whale that earned $23.77 million from participating in the BAT ICO sold 15,000 ETH (valued at roughly $24.29 million) two hours ago. The whale has now fully liquidated all 27,586 ETH it received from selling 35 million BAT on-chain over the past day and a half, converting the proceeds into 44.836 million USDS at an average selling price of $1,625.
8 minutes ago
Sources: Iraqi officials once considered withdrawing from OPEC, but current plans are to remain a member and pursue a higher quota.
A senior Iraqi oil ministry official said that if OPEC quotas are not significantly increased, Iraq will be forced to consider all available options. Sources said Iraqi officials had considered withdrawing from OPEC, but the current plan is to remain a member and push for higher quotas. (Jinshi)
8 minutes ago
Kepler Cheuvreux raises ASML’s European share price target from €1,460 to €1,830.
Kepler Cheuvreux has raised the target price for ASML’s European shares from €1,460 to €1,830.
8 minutes ago
Stifel: U.S. economy in "overheated expansion" as AI investment cycle outweighs consumer pressure
U.S. large diversified financial services holding company Stifel has raised its year-end S&P 500 target and rolled out a stock allocation framework for a "high-growth, high-inflation" environment. The firm lifted its year-end S&P 500 target to 7,800 points, noting the U.S. economy is entering a "running hot" state—where economic growth is strengthening alongside mounting inflationary pressure. Stifel’s models show U.S. growth momentum is picking up while inflation momentum is clearly overheating, a trend that will reshape the market’s leading sector structure in the second half of the year. Instead of traditional consumer sectors, Stifel’s top picks are investment-led cyclical industries, including banks, transportation, materials, energy, semiconductors, software and equipment. The firm adds that fixed-asset investment in AI remains on the rise: large tech firms including Amazon, Microsoft, Meta and Google are projected to combine for roughly $725 billion in total capital expenditures in 2026, some $100 billion higher than prior estimates. This means the AI investment chain is likely to continue outperforming the consumption chain squeezed by inflation. Stifel advises investors to reduce exposure to discretionary consumer, consumer staples, communication services and some financial services sectors, as these areas see weaker earnings revisions. Conversely, the firm favors cyclical value stocks and hedges with defensive value sectors such as insurance, autos, energy and banks.
Ethereum’s well-known MEV bot JaredFromSubway was drained after an attacker used contracts that made its automated trading system grant token approvals, according to Blockaid.
Summary
Blockaid says attacker-controlled contracts tricked JaredFromSubway’s automated system into granting approvals later used for draining. Jared publicly claimed a $15 million loss, while Blockaid’s public estimate stood near $7.5 million. Crypto.news previously tied JaredFromSubway to Vitalik Buterin’s swap and heavy Ethereum gas use in 2023. The security firm said the incident was not a normal phishing case and not a direct bug in the victim contract.
“This is not a classic phishing attack and not a traditional smart-contract vulnerability in the victim contract,” Blockaid said.
The firm said the bot approved attacker-controlled contracts during routes that appeared to be profitable MEV trades.
Blockaid says approvals stayed open Blockaid said the attacker first tested routes where approvals were used at once, leaving no open allowance. Later, the attacker changed the route design so the bot gave approvals that were not spent or revoked.
One example cited by Blockaid involved an approval of about 92.16 WETH to an attacker helper contract. Etherscan data for the transaction showed jaredfromsubway.eth interacting with its MEV Bot 2 contract before the later sweep. The transaction record also showed ERC-20 movements tied to the same automated route.
Final sweep hit WETH, USDC and USDT The final transaction used the open approvals to pull WETH, USDC and USDT from the JaredFromSubway MEV bot contract through transferFrom. Etherscan showed transfers from “jaredfromsubway: MEV Bot 2” to the attacker wallet beginning with 0x3e37.
Blockaid put the drained amount at about $7.5 million. The JaredFromSubway account later claimed the loss was $15 million and offered a $1 million bounty for the full return of the funds. That difference has not been fully explained in the public posts reviewed.
How the attacker turned the bot’s logic against it The attack appears to have targeted the bot’s own trading workflow. MEV bots watch Ethereum activity and act on transactions that look profitable. In this case, attacker-controlled contracts made the route look useful enough for the bot to approve spending rights.
The attacker used 66 fake token contracts that copied the look and function of WETH, USDC and USDT. These contracts were paired with fake liquidity pools. The setup pushed the bot toward approvals that later became the path for the drain.
JaredFromSubway’s record is back in focus JaredFromSubway is one of Ethereum’s most watched sandwich bots. In a sandwich attack, a bot places trades before and after a user’s swap. This can give the user a worse price while the bot captures the spread.
As previously reported by crypto.news, JaredFromSubway targeted a small swap by Ethereum co-founder Vitalik Buterin in April, using about $1.14 million in WETH volume across SushiSwap and Uniswap V2. Crypto.news also reported in 2023 that the bot used 455 ETH in gas within 24 hours and accounted for about 7% of Ethereum gas use during that period.
The exploit now puts attention on token approvals used by automated systems. The case shows how a system built to act quickly on open market data can be steered into unsafe permissions when controls around approvals are weak. It also adds a new chapter to the wider debate over MEV, sandwich trades and user protection on Ethereum.
For now, the key public details remain split between Blockaid’s technical thread, the on-chain records and posts from the JaredFromSubway account. No recovery had been confirmed in the reviewed updates.
An attacker drained more than $7.5 million from the notorious Ethereum MEV bot jaredfromsubway.eth by exploiting its automated trading logic rather than a traditional contract bug or phishing scam.Over several weeks, the attacker lured the bot into approving malicious helper contracts via fake tokens and liquidity pools that mimicked assets like WETH, USDC and USDT, then used those open approvals to pull funds and route some through Tornado Cash.The incident underscores both the scale and risks of industrialized sandwich-bot activity—jaredfromsubway.eth has been responsible for roughly 70% of Ethereum sandwich attacks, which cost traders about $60 million a year—by showing how machine-speed, pattern-based systems can themselves be turned into victims.Jaredfromsubway.eth, one of Ethereum’s most infamous MEV bots, has been drained for more than $7.5 million after an attacker turned the bot’s own automated trading logic against it.
The bot is known for sandwich attacks, a form of maximal extractable value, or MEV, in which an automated trader spots a pending transaction, buys ahead of it, lets the victim trade at a worse price, then sells immediately after.
The result is a small hidden tax on users that can add up across thousands of trades.
Sandwich attackers aren’t typically a form of exploit but are looked upon in crypto circles as a type of predatory behavior, which skims value from users, leads to a spike in gas fees and doesn’t benefit either the network or the user.
Security firm Blockaid said Saturday’s incident was not a normal phishing attack and not a simple bug in the victim contract. The attacker instead targeted the bot’s decision-making system.
The setup was built over several weeks, where the attacker deployed dozens of fake token contracts and fake liquidity pools - a term for a pile of tokens locked on a decentralized exchange - that looked like profitable trades. Some mimicked familiar assets such as wrapped ether (WETH), and dollar-pegged stablecoins USDC and USDT.
That bait did what it was supposed to do. Jaredfromsubway.eth’s bot saw what looked like MEV opportunities and generated approvals for attacker-controlled helper contracts to spend tokens on its behalf. Those approvals were used immediately as part of the trade in earlier tests, but later, the attacker created routes where the approvals stayed open.
This left the attacker with standing permission to pull funds. And they used those open approvals to transfer WETH, USDC and USDT out of Jaredfromsubway.eth’s contracts, draining more than $7.5 million.
Some of the stolen funds were later sent to Tornado Cash, onchain data reveiwed by CoinDesk showed.
The irony was hard to miss, meanwhile.
Jaredfromsubway.eth has long been one of the most visible symbols of toxic MEV on Ethereum. Sandwich attacks cost Ethereum traders about $60 million a year, with 60,000 to 90,000 attacks per month between November 2024 and October 2025.
Roughly 70% of those attacks were associated with Jaredfromsubway.eth, who has been active since early 2023.
CoinDesk reported in May that the same bot had even sandwiched a small swap by Ethereum co-founder Vitalik Buterin. It put up $1.14 million to frontrun Buterin's trade to make just $4 (after fees, the bot a few dollars money on this particular trade).
The trade was worth only a few dollars, and the loss was tiny, but it showed how industrialized the bot had become. It was scanning the mempool for nearly anything it could insert itself around.
While Saturday's incident does not make sandwich attacks less harmful, but it does show the risk of running systems that approve transactions at machine speed based on pattern recognition and profit signals.
Jaredfromsubway.eth spent years profiting from traders who did not see the bot coming. But on Saturday, the bot did not see the trade coming either.
PANews reported on February 23 that the IoTeX team tweeted that on February 21, they discovered an attack on the Ethereum side of their multi-chain bridge ioTube. The attackers stole 410 million CIOTX tokens and approximately $4.4 million in assets through four steps. Currently, over 86% of the CIOTX has been locked or frozen, 12.8% (52.4 million CIOTX) is being frozen in cooperation with Binance and other platforms, and only 0.4% (1.7 million CIOTX) remains at risk after being exchanged on DEXs. Regarding the bridge's reserve funds, the attackers exchanged the stolen reserve tokens (including USDC, USDT, WBTC, WETH, and other assets) for approximately 2,183 ETH . Of this, 1,572 ETH has been transferred to the Bitcoin network via THORChain.
The IoTeX team has taken emergency measures, including distributing patch fixes, freezing related addresses, and working with exchanges to freeze funds. The ioTube bridge service will be restored after an independent security audit, along with a compensation plan and security upgrades. The team is committed to ensuring the safety of community assets and will release a more detailed compensation plan and hold a community AMA within the next 48 hours.
Previously reported, IoTeX suffered a loss of approximately $2 million in assets and is expected to be operational within 48 hours . Upbit has added IoTeX (IOTX) to its transaction alert list .
In a positive development for the crypto community, the individual responsible for the GMX exploit accepted the platform’s bounty and returned over $40 million worth of assets stolen from the project.
Crypto Hacker Takes $42 Million From GMX On Friday, the recent GMX V1 exploit ended on a happy note after the individual responsible for the incident turned into a white-hat hacker. Perpetual and spot crypto exchange GMX lost over $40 million on Wednesday when an attacker exploited a vulnerability in the protocol’s first version on Arbitrum.
According to online reports, GMX V1’s vault contract had a vulnerability that allowed the attacker to manipulate the GLP token price through the system’s calculations.
Blockchain security firm SlowMist explained that “The root cause of this attack stems from GMX v1’s design flaw, where short position operations immediately update the global short average prices (globalShortAveragePrices), which directly impacts the calculation of Assets Under Management (AUM), thereby allowing manipulation of GLP token pricing.”
Through a reentrancy attack, they successfully established massive short positions to manipulate the global average prices, artificially inflating GLP prices within a single transaction and profiting through redemption operations.
As a result, approximately $42 million worth of assets, including Legacy Frax Dollar (FRAX), wrapped bitcoin (WBTC), wrapped ETH (WETH), and other tokens, were transferred from the GLP pool to an unknown wallet.
The perpetual crypto exchange halted GMX V1’s trading and GLP’s minting and redeeming on both Arbitrum and Avalanche to prevent another attack and protect users’ funds. However, they clarified that the exploit was limited to GMX’s V1 and its GLP pool. GMX V2, its markets, or liquidity pools, and the GMX token were not affected and remained safe.
White-Hat Claims $5 Million Bounty Following the incident, GMX sent a message on-chain and on X offering a $5 million white-hat bounty to the attacker, claiming that their abilities were “evident to anyone looking into the exploit transactions.”
GMX’s team noted that returning the funds within the next 48 hours and accepting the bounty would allow the hacker to “spend the funds freely,” instead of taking additional risks to access them. They also vowed not to pursue any legal action and to assist the exploiter in providing proof of source for the funds if it is ever required.
Today, the exploiter responded in an on-chain message, accepting the bounty and starting the return process. As Lookonchain reported, they initially returned $10.49 million worth of FRAX on Friday morning.
GMX exploiter accepts white-hat bounty. Source: Lookonchain on X Meanwhile, another $32 million worth of assets had been swapped into 11,700 ETH, which are now valued at $35 million after the King of Altcoins’ price jumped to the $2,990 mark.
In the following hours, the hacker returned 10,000 ETH, worth $30 million, keeping only 1,700 ETH, valued at $5.2 million, as the bounty.
GMX later confirmed that the funds have now been safely returned and thanked the white-hat hacker for their actions, ultimately giving a positive turn to the incident.
Lastly, they informed users that “contributors are working on a proposed distribution plan for presentation to the GMX DAO and will share more information shortly.”
GMX token trades at $13.24 in the one-week chart. Source: GMXUSDT on TradingView Featured Image from Unsplash.com, Chart from TradingView.com
[PRESS RELEASE – San Francisco, United States, February 3rd, 2025]
Today, Boba Network introduces a new approach to decentralized finance (DeFi), featuring a self-reinforcing “flywheel loop” that connects minting, liquidity provision, trading, lending, and staking.
The core components—Nucleus, Teahouse, OkuTrade, LendLand, and Lynx—operate in tandem. Users begin by minting bobaETH with WETH on Nucleus. BobaETH can then be deployed in Teahouse liquidity pools, creating deeper markets for exchanges on OkuTrade. Traders can acquire more BobaETH on these markets, while LendLand provides lending and borrowing services around the same asset. Lynx offers further trading options, allowing users to seek additional returns.
The “flywheel loop” describes how each service feeds into the next. Liquidity provision on Teahouse creates favorable trading conditions on OkuTrade, which in turn boosts fees for liquidity providers. LendLand’s capital efficiency model opens up opportunities to borrow or lend BobaETH, and Lynx adds a trading platform for various strategies. Any realized gains flow back into minting or staking, perpetuating a cycle that aims to amplify the ecosystem’s overall growth.
As part of the rollout, the first monthly tranches of Boba tokens are earmarked specifically for Ion/Nucleus’ WETH Staking. Additional reward programs with other partner protocols are expected to follow. These incentives are designed to encourage participation and establish a foundation for further expansion of DeFi on Boba Network.
More information about the integrated DeFi ecosystem on Boba Network, technical documentation, and partnership details are available on official channels.
About Boba Network
Boba Network is a multichain Layer 2 solution designed for scalability, low transaction costs, and enhanced developer capabilities. Through innovations such as HybridCompute™ and account abstraction, Boba Network supports diverse dApps spanning DeFi, gaming, and NFTs, aiming to bring the next wave of users into the blockchain space.
The party around Ethereum seems to be over. The altcoin was on its way, ready to cross the symbolic $4,000 threshold. But despite this surge, ETH stalled around $3,600, raising doubts. Rising borrowing rates, liquidity pool saturation, flashing technical signals: all the ingredients for a high-risk summer are gathered. In the crypto world, even giants like Ethereum are never safe from a domino effect.
In Brief The wETH borrowing cost is exploding, undermining classic leverage strategies. Aave’s usage rate reaches 95%, a critical threshold for system liquidity. ETH is technically overbought, in a calm summer market but prone to tensions. High-Rate Regime: The Crucible of Ethereum’s Fragility The latest on Ethereum: the cost of borrowing in wETH has risen dramatically since early July on the Aave platform: the utilization rate went from 86% to 95%. This near saturation makes borrowing unprofitable for many. Markus Thielen states:
The variable borrowing cost has gone up and it has become unprofitable to borrow ETH.
When more than 90% of loans are variable rate, a sudden rise can trigger a rapid unwind. This could result in forced liquidations, liquidity withdrawals, and large-scale repositioning. Added to this is a stressed stETH-ETH peg, where slippage could amplify DeFi stress.
Historically, Ethereum has already entered a marked technical overbought zone. Despite the calm summer season in the US (volume down, potentially amplified volatility), the indicators remain tense.
Finally, Q3 is often the weakest quarter for ETH, with an average of +8.19%, versus +22.59% in Q4 since 2013.
Between Past Obituaries and Flawed Predictions: The Great Crypto Theater In 2017, a certain Evan Faggart listed five reasons why Ethereum was heading straight for disaster: network congestion, lack of use cases, high volatility, community conflicts, and proliferation of scams. At the time, the ETH price was $281.80. Seven years later, it hovers around $3,600, continuing to be one of the pillars of the crypto universe.
Such predictions resurface regularly, fueled by ironic tweets like that of @Jrag0x. He refers to the many times Ethereum has been declared dead. But ETH keeps forging ahead. With its rises, jolts, and critics. It has absorbed skepticism and setbacks but continues to embody, for many, the resilient and inspiring crypto.
Key Figures to Remember: 95%: Aave pool utilization rate; 49%: ETH increase in one month (~$3,623 at publication); 34%: ETH/BTC ratio growth over 30 days; +8.19%: average historical Q3 return; +22.59%: average historical Q4 return. Andrew Keys, founder of Ether Machine, asserts that ETH has outperformed Bitcoin over the decade. For him, ether is a winning long-term bet, far outperforming most assets. Though the altcoin is shaken, it remains, for many, a crypto of the future and a pillar of the decentralized ecosystem.
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Mikaia A.
La révolution blockchain et crypto est en marche ! Et le jour où les impacts se feront ressentir sur l’économie la plus vulnérable de ce Monde, contre toute espérance, je dirai que j’y étais pour quelque chose
DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
An attacker exploited Token of Power's Aragon DAO on Tuesday to mint 10 billion TOP tokens via a malicious governance proposal, then swapped the supply for 944.2 WETH worth roughly $1.58 million.
An attacker exploited a governance misconfiguration in Token of Power's Aragon DAO on Tuesday to mint 10 billion TOP tokens, then swapped a fraction of that supply for 944.2 WETH worth roughly $1.58 million.
Security firm Blockaid identified the incident as a governance-takeover attack, distinct from a smart-contract coding flaw. The attacker first spent approximately 662 ETH, withdrawn from Tornado Cash, to acquire about 8,192 TOP tokens: just over 50% of the protocol's total supply of 16,384 tokens, giving them absolute majority control of the DAO. With that stake in hand, they submitted a governance proposal to mint 10 billion new tokens directly to an attacker-controlled contract.
TOP DAO had not installed a timelock on the Aragon voting system (even though the tech stack offers that configuration), allowing the attacker to create the proposal, vote it through, and execute it in a single transaction. PeckShield confirmed the attacker then deposited 945.1 ETH into Tornado Cash after the drain.
Governance SystemThe root vulnerability was architectural. Token of Power ran on an Aragon DAO using a MiniMeToken-based governance contract, infrastructure widely adopted during earlier phases of Ethereum's DAO ecosystem. Blockaid noted the attacker was able to cast a vote and execute it in a single atomic transaction because no timelock gated any of those steps.
That gap eliminated the window a community would normally need to detect and cancel a malicious proposal. With majority control already secured through the initial token purchase, the proposal passed the moment it was submitted.
CertiK separately reported the same attack path. The newly minted 10 billion TOP tokens were swapped into the existing TOP/WETH Balancer V1 pool, which operated on a 50/50 weighting between the two assets. Flooding the pool with freshly minted TOP against a fixed reserve of real WETH let the attacker extract 944.2 WETH at a price the pool had no mechanism to resist.
Token of Power is associated with "The Mask of Power" DAO and built TOP around collective governance of a specific MetaMask NFT. Balancer itself was not the vulnerable surface: the attack targeted the protocol's governance layer and used the Balancer pool only as the exit route.
[ UPDATE: Article was updated on 6/11 @ 12:42PM to note the Aragon tech stack does have the ability for users to include a timelock ]
At least two DeFi projects were targeted by significant exploits in the early hours of today, resulting in millions of dollars in losses.
Sonne Finance exploitedDecentralized liquidity provider Sonne Finance fell victim to a $20 million exploit on its Optimism network-based USDC and Wrapped Ethereum (WETH) contracts, according to blockchain security firm Cyvers.
In a May 15 statement, the DeFi protocol confirmed the incident and attributed the exploit to a donation attack on its Compound v2 forks. It stated:
“We avoided the issue in the past, by adding the markets with 0% collateral factors, adding collateral and burn them, only then increase the c-factors according to the proposals.”
However, an integration attempt of VELO into the Optimism market allowed the attacker to exploit the protocol unnoticed, resulting in the loss.
Meanwhile, security experts prevented an additional $6.5 million theft by injecting $100 VELO as collateral into the soVELO pool.
Sonne Finance has expressed readiness to offer a bounty to the attacker as efforts to recover the funds continue.
Following the theft, the price of SONNE, a digital asset connected to the project, fell by more than 60% to $0.02617 as of press time.
Bitcoin DeFi project lose over $4 millionALEX Lab, a Bitcoin DeFi application, lost over $4 million in various tokens to a hacking incident earlier today.
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Blockchain security firm CertiK reported that the attackers likely gained access to the private key controlling ALEX's XLink bridge. This service enables users to transfer tokens across different blockchains.
The hacker successfully moved approximately $300,000 worth of BTC, $3.3 million in stablecoins, and $75,000 of Sugar Kingdom tokens.
ALEX Lab developers confirmed the hack and asserted that they had identified the attacker. The team also stated:
“A significant amount of the funds associated with the hacker has been frozen by major exchanges, preventing further misuse.”
Nevertheless, the project offered a 10% bounty to the hacker, adding that:
“ALEX assures that upon compliance, there will be no further pursuit or law enforcement involvement. This offer stands until 18 May at 0800 UTC. The individual responsible should contact [email protected].”
The VIX Fear Index for the US stock market stands at 18.63 today, with fear sentiment intensifying in the crypto market.
According to Cboe data, the U.S. stock market's VIX Fear Index stands at 18.63 as of today, down 0.86 points from the prior reading of 19.49, marking a decline of approximately 4.41%. Separately, per Alternative data, the Crypto Fear & Greed Index is at 12 today (compared to 17 yesterday), indicating intensifying extreme fear sentiment.
3 minutes ago
Bank of Japan Board Member: Should Accelerate Pace of Interest Rate Hikes If Upside Inflation Risks Intensify
Bank of Japan (BOJ) Policy Board member Naoki Tamura stated that if upside risks to price growth intensify further, the BOJ should not hesitate to accelerate the pace of interest rate hikes or raise rates by a larger margin. He projected that the BOJ will implement interest rate hikes every few months until its policy rate reaches the neutral level of around 2%. (Golden Ten)
3 minutes ago
Crypto token M plunged over 80% in a short period, hitting a low near $0.5.
According to HTX market data, the token M saw a sharp short-term price plunge, with its decline once exceeding 80% and hitting a low of around $0.5, and is now trading at $0.54.
3 minutes ago
Blockchain data infrastructure firm Cambrian has closed a $6 million funding round, jointly led by Franklin Templeton and Polychain Capital.
Blockchain data infrastructure project Cambrian has closed a $6 million seed round, co-led by Franklin Templeton and Polychain Capital, with participation from Flow Traders, Selini Capital, and other investors. The project previously raised a $5.9 million pre-seed round led by a16z Crypto Startup Accelerator, bringing its total funding to $11.9 million. Cambrian currently provides institutional investors and AI Agents with real-time and historical data APIs covering on-chain yields, risks, lending markets, and trading activities, and plans to further build a verifiable data oracle network. Official data shows it has indexed over $4.5 billion in lending TVL, tracks more than 320,000 DEX liquidity pools, and currently supports Base and Solana, with plans to expand to additional ecosystems including Ethereum. The funds will be used to expand on-chain data coverage, accelerate oracle network development, and team recruitment.
3 minutes ago
Whale 0xbilly pulled off another "buy high, sell low" move, exiting with a $220,000 loss in a single day.
According to EmberCN’s monitoring, whale address 0xbilly liquidated 2,409 ETH in the early hours of today when ETH fell to around $1,569.5, worth approximately $3.78 million, with a total loss of roughly $220,000. Notably, this batch of ETH was purchased just one day ago for about 4 million USDC, at an average price of approximately $1,660.2. The address also previously bought 7,768.5 ETH at a high of $2,254 in March this year, valued at around $17.51 million, and exited via stop-loss four days later, incurring a loss of roughly $800,000.
3 minutes ago
Two whales opened a short position worth approximately $90 million on the S&P 500.
According to monitoring by Onchain Lens, two whale addresses are building short positions on the S&P 500, with a combined position of approximately $90 million. Details are as follows: Whale address "0x469" has opened 6,500 S&P 500 short positions, using 20x leverage, valued at around $48 million, with a liquidation price of $8,413.66. Whale address "0x4ff" has opened 5,686.66 S&P 500 short positions, using 7x leverage, valued at around $42 million, with a liquidation price of $8,358.13.
