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5/17
22:06
According to PeckShield monitoring, the Verus-Ethereum Bridge has been hacked, resulting in the loss of assets including 103.6 tBTC, 1,625 ETH, and 147,000 USDC. The hacker subsequently swapped the stolen assets for approximately 5,402.4 ETH. The attacker's address received an initial 1 ETH approximately 14 hours ago via the mixing protocol Tornado Cash.
22:01
Svmuu News: According to the official announcement, Bithumb will list the AIGENSYN Korean Won trading pair.
21:48
Svmuu reported that according to Yonhap News: A South Korean court has partially approved Samsung Electronics' injunction request against a planned strike by its union. South Korea's KOSPI index turned positive, reversing its earlier decline of 4.68%. (Jin10)
21:41
Svmuu News On May 18, Bain Capital announced the final closing of its sixth Asia-focused fund (“Asia Fund VI”), with total commitments reaching $10.5 billion. Approximately $9.1 billion of this was raised from external investors, exceeding the fund’s initial $7 billion target. Yuji Sugimoto, Partner and Head of Bain Capital’s Asia Private Equity business, stated that the firm remains optimistic about the vast opportunities in the Asian market and will increase investment in talent development, technology enablement, and overall platform capabilities to achieve business scale growth at a steady and prudent pace. Currently, Bain Capital focuses on key areas including technology, industrials, consumer goods, healthcare, and business & financial services. (Yicai)
21:39
Svmuu reported that Cosine of SlowMist posted on X platform, stating that the cause of the theft may be that the attacker fabricated a fraudulent Merkle proof, which passed the verification of the Verus Ethereum bridge (not open source), thereby successfully withdrawing the funds (ETH/tBTC/USDC) from it. Specific details require further verification.
21:36
Svmuu News: On-chain analyst Tom Wan stated on platform X that the current ETH utilization rate has dropped below 90%, and the lending APY has fallen to 1.9%. Since the rsETH LayerZero cross-chain bridge was attacked, the deposits of wstETH and weETH have decreased by approximately $1.2 billion and $1.76 billion, respectively. As the strategy of leveraged looping wstETH/weETH against ETH becomes profitable again, market attention is turning to whether demand for ETH leveraged loops will return, or if capital will continue to wait on the sidelines or flow into protocols like Spark and Morpho.
21:36
Svmuu reports that after the 30-year U.S. Treasury yield surged past the 20-year high of 5%, the sell-off panic continued to spread on Monday. The yield on the 10-year Japanese government bond soared to 2.8%, hitting a 30-year high; stocks in South Korea plunged sharply, triggering a circuit breaker; and gold slipped below $4,500.
Investors believe the key is that as long as the confrontation in the Middle East continues to disrupt oil flows through the crucial Strait of Hormuz, the pressure on bonds will persist. Priya Misra, a portfolio manager at JPMorgan Asset Management, stated: "This price action is concerning for two reasons: long-term interest rates are rising globally and tend to influence each other, and the prospect of Fed rate hikes is entering the market narrative." (Jin Shi)
21:30
1. Analysis: Bitcoin has faced notable selling pressure recently, with its correlation to US small-cap stock indices rising;
2. Whale associated with BIT increases long position in ETH, now holding 120,000 ETH;
3. Grafana discloses a GitHub environment security incident, hackers steal code repository and demand ransom;
4. Analyst: Potential profit-taking pressure on Bitcoin is increasing, warranting high market vigilance;
5. Iran launches Bitcoin-settlement-based maritime insurance platform Hormuz Safe, with potential revenue exceeding $10 billion;
6. "Bond King" Gundlach: Inflation in the "4-handle" range is coming, Fed rate cuts unlikely;
7. Iran threatens to cut undersea cables in the Strait of Hormuz, seeking to impose a "sea passage toll" on Google and Microsoft;
8. A savvy wallet has accumulated 5,283.61 ETH on-chain over the past two days, currently facing an unrealized loss of $320,000;
9. Galaxy Research head estimates the timeline for advancing the CLARITY Act, which could be sent to Trump for signing into law as early as August;
10. U.S. House Agriculture Committee urges Trump to nominate a CFTC commissioner and emphasizes the importance of the CLARITY Act.
21:23
According to on-chain analyst Ai Yi's monitoring, address 0xB4d…B186a has sold another $15.46 million worth of WBTC, having accumulated a total of $35.73 million in token sales over the past three days. This address has frequent interactions with block builder Titan builder and currently holds $125 million in assets on-chain, 95% of which are ETH and WBTC, suggesting potential continued selling pressure.
21:19
Svmuu News: Kelp posted on X platform, stating that to ensure the security standards of rsETH and optimize network integration, it will discontinue rsETH cross-chain support for multiple networks after June 15. The affected networks include Optimism, Manta, Mode, Blast, Scroll, X Layer, zkSync, Zircuit, Swellchain, Hemi, Berachain, Sonic, HyperEVM, Unichain, TAC, Avalanche, Plasma Stable, MegaETH, Monad, and Movement.
Kelp reminds users holding rsETH on the aforementioned chains to bridge it back to the Ethereum mainnet before June 15. After the deadline, asset recovery can still be requested, but a fee of 100 USDC will be charged per address. Specific procedures will be announced closer to the deadline.
21:12
Svmuureports that crypto research firm 10x Research stated that since the release of US CPI data on May 13th, Bitcoin ETFs have seen cumulative net outflows exceeding $1 billion, reigniting "inflation trade" sentiment in the market. Market sentiment indicators have dropped from 87% to 45%. Meanwhile, long-term US Treasury yields continue to climb, with the 30-year yield rising to 5.12%. As inflation returns to the forefront of market focus, the crypto market is facing significant headwinds.
Furthermore, 10x Research noted that its models have triggered bearish signals for Ethereum, and Bitcoin is currently testing the key support level of its 30-day moving average. A confirmed breakdown below this level could signal further momentum deterioration. The firm is closely watching the short-term bull/bear line at $79,125 and the major support level at $76,922, suggesting that the bottom for this cycle may have already formed.
21:03
Svmuu News: Blockaid posted on platform X, stating that its vulnerability detection system has discovered an attack on the Verus Ethereum cross-chain bridge, which has so far caused losses of approximately $11.58 million.
20:57
Svmuu News: U.S. House Agriculture Committee Chairman Glenn Thompson, along with committee members, has sent a letter to President Trump urging him to promptly nominate a full five-member slate for the U.S. Commodity Futures Trading Commission (CFTC). The letter notes that the CFTC is currently led solely by Chairman Michael Selig. If the CLARITY Act is passed, the CFTC will face major rulemaking tasks, and a complete leadership team is crucial for addressing "pressing regulatory issues." As of now, Trump has not publicly announced any CFTC commissioner nominations, and any nominees would still require weeks or even months of Senate review and voting.
20:55
Svmuu News: Galaxy Research Director Alex Thorn stated on X platform that the U.S. Senate Banking Committee voted 15-9 to pass the CLARITY Act, advancing the bill to a full Senate vote. The subsequent timeline could be:
June 1: Begin coordinating the bill versions between the Senate Banking Committee and the Agriculture Committee;
June 15: Full Senate debate begins;
June 22: The Senate may complete the final vote;
July 13: Coordination between the Senate and the House completed;
Early August: President Trump signs it into law (if the plan proceeds as scheduled).
Alex Thorn's analysis suggests that Democrats are primarily focused on "ethics provisions" aimed at restricting the digital asset holdings and profits of senior officials and their family members. Meanwhile, DeFi regulation and the Blockchain Regulatory Certainty Act (BRCA) are still under negotiation. The CLARITY Act would lay the foundation for innovation and investor protection in the U.S. digital asset market.
20:52
According to on-chain analyst Ai Yi's monitoring, a smart money address that initially accumulated 11,004 ETH in 2016 at an average price of $3.45, yielding a profit of $30.38 million, has purchased a total of 5,283.61 ETH on-chain over the past two days, valued at $11.48 million. The average cost is $2,172.7, with an unrealized loss of $320,000.
20:51
Svmuu News: Ethereum co-founder Vitalik Buterin responded to state storage issues on the X platform, stating that the core problem with current state proof solutions is the need to store and continuously update the data used to verify proofs, and this data will ultimately be almost as large as the entire on-chain state. Although some feasible solutions exist, they all involve numerous complex components and require varying degrees of trade-offs compared to the current Ethereum architecture.
20:48
Svmuureported that Iran has found a new bargaining chip, threatening to charge fees for undersea cables traversing the Strait of Hormuz, or else face network disruptions. Google, Microsoft, Meta, and Amazon have been specifically named. Experts warn that any such action could trigger a “cascading digital catastrophe” affecting Europe, Asia, and Africa.
The escalating tensions center on the Strait of Hormuz, a vital global energy corridor. Iran is now shifting its focus beyond traditional oil shipments to a more concealed yet equally critical infrastructure: submarine communication cables. These cables, laid across the strait and the Persian Gulf, carry the vast majority of internet and financial data traffic between Europe, Asia, and the Middle East, forming a crucial backbone of the global digital ecosystem.
Recently, Iranian authorities have sent out a series of signals, attempting to convert their geographic control over these waters into new economic and strategic leverage. Tehran is not only discussing charging multinational tech companies that use these cables but also, through official affiliated channels, hinting that data transmission could face disruption risks if relevant parties refuse to comply. (Jinshi)
20:46
According to Lookonchain monitoring, a whale's 10x leveraged HYPE short position is now showing an unrealized loss of $1.26 million, with the position currently holding approximately 375,033 HYPE, valued at $17.5 million.
20:44
Svmuu News: Jeffrey Gundlach, CEO of DoubleLine Capital LP and known as the "New Bond King," stated that investors will not see a rate cut at the Fed's next policy meeting. He bluntly said that when two-year US Treasury yields are nearly 50 basis points above the federal funds rate, a Fed rate cut is "simply not possible." He warned that next month's CPI reading is more likely to "break above 4%," adding that the speculative frenzy in the stock market harbors risks. (Jinshi)
20:37
Svmuu reported that Iran has launched a state-backed digital marine insurance platform, Hormuz Safe, which provides maritime insurance for vessels transiting the Persian Gulf and the Strait of Hormuz, settled in Bitcoin and other cryptocurrencies. The Iranian government believes that if the platform captures a significant share of the Persian Gulf shipping insurance market, it could generate over $10 billion in revenue. Hormuz Safe aims to bypass the SWIFT network and Western intermediaries, reducing reliance on traditional financial infrastructure. The platform faces challenges related to international recognition, and ship owners, trading companies, or port authorities interacting with it may risk triggering secondary sanctions. (Cryptobriefing)

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