๐จ KiloEx $7M Hack Alert!
๐ฅทHackers exploited DEX KiloEx across BNB, Base, and Taiko chains, draining around $7,000,000.
๐ The attacker, funded via Tornado Cash, used a series of exploitative transactions.
๐ Likely cause: a price oracle access control vulnerability.
Another reminder of how critical secure oracle implementation is in DeFi ๐๐ฅ
๐ฅทHackers exploited DEX KiloEx across BNB, Base, and Taiko chains, draining around $7,000,000.
๐ The attacker, funded via Tornado Cash, used a series of exploitative transactions.
๐ Likely cause: a price oracle access control vulnerability.
Another reminder of how critical secure oracle implementation is in DeFi ๐๐ฅ
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Crypto soothsayer
๐ฐ MicroStrategy has added 3,459 BTC to its holdings at an average price of $82,618 per coin. The company now holds a staggering 531,644 BTC โ about 2.52% of Bitcoinโs total supply. Since 2020, it has spent $35.92B on BTC at an average price of $67,556. ๐โฆ
๐ณ Whatโs up with Michael Saylorโs leverage?
Despite the buzz online, data shows that MicroStrategyโs current leverage is actually below its historical average.
๐ The leverage indicator โ calculated as the ratio of loans and raised funds to the market value of held BTC โ suggests the company is in a relatively safe position for now.
No signs of critical risk on the horizon ๐
Despite the buzz online, data shows that MicroStrategyโs current leverage is actually below its historical average.
๐ The leverage indicator โ calculated as the ratio of loans and raised funds to the market value of held BTC โ suggests the company is in a relatively safe position for now.
No signs of critical risk on the horizon ๐
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โ๏ธ Binance temporarily paused withdrawals due to a network outage at an Amazon Web Services (AWS) data center.
Some services continued working, but others faced errors. Users were advised to retry failed actions.
๐ง Binance later confirmed it's working with AWS to fix the issue and paused withdrawals as a precaution.
โ Update: Withdrawals have been restored, though some services may still experience delays.
๐ KuCoin also reported disruptions caused by the AWS outage, but assured users that all assets remain safe.
Some services continued working, but others faced errors. Users were advised to retry failed actions.
๐ง Binance later confirmed it's working with AWS to fix the issue and paused withdrawals as a precaution.
โ Update: Withdrawals have been restored, though some services may still experience delays.
๐ KuCoin also reported disruptions caused by the AWS outage, but assured users that all assets remain safe.
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๐ Hashrate divergence in Bitcoin vs. its forks over 7 years:
โช๏ธ Bitcoin (BTC): +26,613% ๐
โช๏ธ Bitcoin Cash (BCH): โ28% ๐
โช๏ธ Bitcoin SV (BSV): โ89% ๐ป
This massive gap highlights BTCโs unmatched network strength and continued dominance, while its forks have steadily declined in security and miner support โ๏ธ
โช๏ธ Bitcoin (BTC): +26,613% ๐
โช๏ธ Bitcoin Cash (BCH): โ28% ๐
โช๏ธ Bitcoin SV (BSV): โ89% ๐ป
This massive gap highlights BTCโs unmatched network strength and continued dominance, while its forks have steadily declined in security and miner support โ๏ธ
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๐ Ethereum is losing market share faster than other altcoins, while Bitcoin continues to strengthen its dominance. ๐ง
Despite ongoing developments in the ETH ecosystem, capital is flowing increasingly toward BTC โ reinforcing its role as the primary digital asset in the current market cycle โก๏ธ๐
Despite ongoing developments in the ETH ecosystem, capital is flowing increasingly toward BTC โ reinforcing its role as the primary digital asset in the current market cycle โก๏ธ๐
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๐ Bitcoin ETFs Struggling with Inflows Since March ๐ซ
Bitcoin ETFs have seen no new inflows since late March, causing analysts at Ecoinometrics to question the narrative of Bitcoin "decoupling from stock indices."
This stagnation raises concerns about the strength of current support levels for Bitcoin. The lack of new investments might signal a weakening market sentiment or could indicate that institutional interest is cooling off, contrary to expectations of sustained growth.
The ongoing silence from Bitcoin ETFs is making many rethink the bullish outlook for the asset. ๐จ Is the crypto market losing momentum, or just taking a breather? Only time will tell! โณ
Bitcoin ETFs have seen no new inflows since late March, causing analysts at Ecoinometrics to question the narrative of Bitcoin "decoupling from stock indices."
This stagnation raises concerns about the strength of current support levels for Bitcoin. The lack of new investments might signal a weakening market sentiment or could indicate that institutional interest is cooling off, contrary to expectations of sustained growth.
The ongoing silence from Bitcoin ETFs is making many rethink the bullish outlook for the asset. ๐จ Is the crypto market losing momentum, or just taking a breather? Only time will tell! โณ
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๐บ๐ธ๐ฎ Donald Trump is working on a Monopoly-style crypto video game focused on real estate, developed by longtime associate Bill Zanker.
Players will build digital cities and earn in-game cashโpossibly powered by blockchain tech. ๐๐ธ
This adds to Trumpโs growing crypto portfolio: memecoin, NFTs, a DeFi venture, Bitcoin mining, and more. ๐
Critics raise conflict-of-interest concerns, especially as Trump pushes pro-crypto policies. Still, Team Trump insists: "We believe in this." ๐ฅด
Players will build digital cities and earn in-game cashโpossibly powered by blockchain tech. ๐๐ธ
This adds to Trumpโs growing crypto portfolio: memecoin, NFTs, a DeFi venture, Bitcoin mining, and more. ๐
Critics raise conflict-of-interest concerns, especially as Trump pushes pro-crypto policies. Still, Team Trump insists: "We believe in this." ๐ฅด
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๐ Is ETH the New Nokia? ๐
A chart making the rounds compares Ethereum's trajectory to Nokia's fall from tech glory: โOutdated tech, fading trends, bored investors.โ
While it smells like classic FUD, the analogy is raising eyebrows โ and questions. If Ethereum isnโt the future, then what is?
โณ For now, ETH still leads the pack. But the market's message is clear: evolve or risk irrelevance.
A chart making the rounds compares Ethereum's trajectory to Nokia's fall from tech glory: โOutdated tech, fading trends, bored investors.โ
While it smells like classic FUD, the analogy is raising eyebrows โ and questions. If Ethereum isnโt the future, then what is?
โณ For now, ETH still leads the pack. But the market's message is clear: evolve or risk irrelevance.
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๐จ ZKSync Hit by Exploit โ $5M in $ZK Minted
Three days ago, someone minted 110M $ZK (~$5M) via a Gnosis Safe contract ๐ธ
Since yesterday, those tokens started hitting the order books ๐
Turns out โ a ZKSync team memberโs wallet was hacked. ๐ฅท The attacker used it to mint unclaimed airdrop tokens from the airdrop contract.
Looks like ZKSync might be following in Mantraโs footstepsโฆ ๐ซก
Three days ago, someone minted 110M $ZK (~$5M) via a Gnosis Safe contract ๐ธ
Since yesterday, those tokens started hitting the order books ๐
Turns out โ a ZKSync team memberโs wallet was hacked. ๐ฅท The attacker used it to mint unclaimed airdrop tokens from the airdrop contract.
Looks like ZKSync might be following in Mantraโs footstepsโฆ ๐ซก
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๐ง ETH at a Crucial Crossroad: $1,546 Support Level
๐ Whales bought 822,440 ETH around $1,546, forming a major support zone.
๐ Meanwhile, ~368,000 ETH was sent to exchanges in the past month โ potential sell pressure?
๐ If whales donโt dump below that level, a 17% upside could be in play, says trader Ali.
Weโd love to see a pump... but then again, itโs ETH weโre talking about. ๐คท
๐ Whales bought 822,440 ETH around $1,546, forming a major support zone.
๐ Meanwhile, ~368,000 ETH was sent to exchanges in the past month โ potential sell pressure?
๐ If whales donโt dump below that level, a 17% upside could be in play, says trader Ali.
Weโd love to see a pump... but then again, itโs ETH weโre talking about. ๐คท
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๐จ๐ณ China Is Dumping Crypto ๐
China has reportedly begun offloading seized crypto through private firms to refill state coffers, according to Cointelegraph. The move comes amid economic slowdown and trade tensions with the U.S. ๐ง
๐ฅ First the U.S. spooked the market โ now China is adding sell pressure.
Fun fact: back in 2020, China seized 200K BTC and 830K ETH from PlusToken scammers. Analysts say most of it has already been sold ๐คฏ
Crypto bros dreamed of selling to governmentsโฆ instead, governments are dumping on them ๐
China has reportedly begun offloading seized crypto through private firms to refill state coffers, according to Cointelegraph. The move comes amid economic slowdown and trade tensions with the U.S. ๐ง
๐ฅ First the U.S. spooked the market โ now China is adding sell pressure.
Fun fact: back in 2020, China seized 200K BTC and 830K ETH from PlusToken scammers. Analysts say most of it has already been sold ๐คฏ
Crypto bros dreamed of selling to governmentsโฆ instead, governments are dumping on them ๐
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๐บ๐ธ U.S. Targets China with Massive Tariff Hike
The White House is considering raising tariffs on Chinese goods up to 245% ๐ณ
๐ Washington's goals: โ Isolate China from 70 countries โ Block sanctions evasion via third parties โ Limit overseas expansion of Chinese companies
๐งจ A crazy geopolitical move that could escalate global trade tensions and reshape international markets.
The White House is considering raising tariffs on Chinese goods up to 245% ๐ณ
๐ Washington's goals: โ Isolate China from 70 countries โ Block sanctions evasion via third parties โ Limit overseas expansion of Chinese companies
๐งจ A crazy geopolitical move that could escalate global trade tensions and reshape international markets.
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๐ฅถ Coinbase Hints at a New Crypto Winter
According to Coinbaseโs April report, the crypto market may be entering a โcrypto winterโ phase:
๐ป Altcoin market cap has dropped 41% since March โ from $1.6T to $950B.
๐ธ Venture funding in crypto is down 50โ60% compared to 2021โ2022 highs.
๐ Investor interest is cooling fast, mirroring early signs of past bear cycles.
๐ฎ Potential recovery? Not expected before Q3 2025.
According to Coinbaseโs April report, the crypto market may be entering a โcrypto winterโ phase:
๐ป Altcoin market cap has dropped 41% since March โ from $1.6T to $950B.
๐ธ Venture funding in crypto is down 50โ60% compared to 2021โ2022 highs.
๐ Investor interest is cooling fast, mirroring early signs of past bear cycles.
๐ฎ Potential recovery? Not expected before Q3 2025.
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๐ Gold Outshines Stocks in 2025
Investors are ditching U.S. stocks and rushing into gold, with over $80B inflows since the start of 2025 โ 2x the previous record set in 2020. ๐
๐ Gold prices have surged +22% YTD, outperforming all major asset classes.
๐ฅ The metal has hit 52 all-time highs in the past year โ its strongest run in over a decade.
๐ Why the rush? Mounting market uncertainty and global trade tensions are pushing capital toward this classic safe haven.
Investors are ditching U.S. stocks and rushing into gold, with over $80B inflows since the start of 2025 โ 2x the previous record set in 2020. ๐
๐ Gold prices have surged +22% YTD, outperforming all major asset classes.
๐ฅ The metal has hit 52 all-time highs in the past year โ its strongest run in over a decade.
๐ Why the rush? Mounting market uncertainty and global trade tensions are pushing capital toward this classic safe haven.
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Bitcoin dominance hits 64% โ highest in 5 years ๐
BTC now controls 64% of the total crypto market cap, a level we haven't seen since 2019.
That's nearly 2/3 of all crypto money flowing into Bitcoin โ clear signal of risk-off behavior in the market.
๐ Altseason? Still waiting by the door...
BTC now controls 64% of the total crypto market cap, a level we haven't seen since 2019.
That's nearly 2/3 of all crypto money flowing into Bitcoin โ clear signal of risk-off behavior in the market.
๐ Altseason? Still waiting by the door...
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๐ Stablecoins > Visa
For the first time ever, stablecoins moved more dollar value in 2024 than Visa. Yep, that actually happened.
This marks a major shift: blockchain-based money is no longer niche โ it's competing (and winning) against traditional giants.
๐ DeFi rails > legacy rails? We might be watching it happen in real time.
For the first time ever, stablecoins moved more dollar value in 2024 than Visa. Yep, that actually happened.
This marks a major shift: blockchain-based money is no longer niche โ it's competing (and winning) against traditional giants.
๐ DeFi rails > legacy rails? We might be watching it happen in real time.
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๐ Bitcoinโs Realized Cap Hits All-Time High โ But Momentum Slows
BTCโs realized capitalization just hit a record $872B โ showing how much actual capital flowed into the network.
However, according to Glassnode, monthly growth has slowed to just +0.9%.
๐ก That means capital is still flowing in, but investor risk appetite is cooling off.
Bullish vibes with a side of caution ๐ง ๐
BTCโs realized capitalization just hit a record $872B โ showing how much actual capital flowed into the network.
However, according to Glassnode, monthly growth has slowed to just +0.9%.
๐ก That means capital is still flowing in, but investor risk appetite is cooling off.
Bullish vibes with a side of caution ๐ง ๐
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๐ฐ Public Bitcoin miners sold over 40% of their mined BTC in March โ the largest sell-off since October 2024.
According to MinerMag, the move came as a response to rising economic pressure: higher energy prices, increasing hardware costs, and tighter margins. โก๏ธ๐ธ
Despite the bull market, even miners are feeling the heat โ and cashing in to stay afloat.
According to MinerMag, the move came as a response to rising economic pressure: higher energy prices, increasing hardware costs, and tighter margins. โก๏ธ๐ธ
Despite the bull market, even miners are feeling the heat โ and cashing in to stay afloat.
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๐ JPMorgan: โBitcoin failed to attract safe-haven demand.โ
While gold ETFs saw a whopping $21.1B inflow in Q1 2025, Bitcoin is facing three straight months of ETF outflows and declining futures interest.
๐ BTCโs โdigital goldโ narrative is under pressure, analysts say โ meanwhile, actual gold is thriving amid macro uncertainty, gaining support from both ETF and futures investors. ๐
While gold ETFs saw a whopping $21.1B inflow in Q1 2025, Bitcoin is facing three straight months of ETF outflows and declining futures interest.
๐ BTCโs โdigital goldโ narrative is under pressure, analysts say โ meanwhile, actual gold is thriving amid macro uncertainty, gaining support from both ETF and futures investors. ๐
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