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Quick Take EigenLayer has addressed an incident involving a suspicious wallet selling over $5.5 million worth of its tokens, stating that a ‘malicious attacker’ hijacked the token transfer and made off with the funds. Some portion of the sale proceeds has been frozen by law enforcement, according to the protocol’s statement.
Share link:In this post: The U.S. national debt has skyrocketed to $35.27 trillion, with each American now responsible for about $105,000 of it. The debt-to-GDP ratio is 121.57%, way above the recommended level, meaning the economy is under serious strain. Interest payments on the national debt are projected to hit $870 billion by year end, taking funds away from infrastructure and social programs. If a recession hits, global trade, commodity prices, and employment worldwide will take a massive hit, with s
Share link:In this post: Long-term Bitcoin holders have reduced their positions by $6 billion, while short-term traders have ramped up, adding $6 billion in buying activity. Bitcoin’s realized price is struggling to hold, with repeated rejections suggesting weak momentum and potential short-term corrections. Open Interest and leverage metrics show that high-risk positions are leading to more corrections and liquidations in the market.
- 19:21Analyst: Crypto Policy Remains a Key Catalyst, Focus on Upcoming Trump Dinner and Vance SpeechAccording to The Block, President Trump has issued two executive orders related to cryptocurrency since taking office. Despite several deadlines having passed, the government has yet to release any meaningful updates on their progress. Analysts at K33 indicate that the development of crypto policy remains a key catalyst, and participants should watch for potential developments in strategic Bitcoin reserves in the coming days. Although the deadlines for several executive orders have passed without public announcements of progress, analysts believe that the Memecoin event held by Trump on May 22 and Vice President JD Vance's keynote speech at the Bitcoin 2025 conference on May 28 may provide new information.
- 19:20Musk: No Regrets About Engaging in PoliticsMusk stated that he does not regret his involvement in politics. The Department of Government Efficiency retained all projects of any value.
- 19:20CME's XRP Futures Reach $19 Million in Trading Volume on First DayCME Group launched XRP futures on Sunday, marking its fourth cryptocurrency product following Bitcoin, Ethereum, and Solana. CME reported that the nominal trading volume on the first day exceeded $19 million. XRP futures offer micro contracts (2,500 XRP) and large contracts (50,000 XRP), both cash-settled and anchored to the CME CF XRP-USD reference rate. Solana futures went live in March with a first-day trading volume of $12.3 million. Hidden Road cleared the first XRP futures trade, and its president, Noel Kimmel, stated, "This is a significant milestone for Hidden Road and marks the continued adoption of digital assets by institutions."