Wu Blockchain News

QCP: We think price action could chop around here as the market digests fundamentals from the several macro events lined up this week: Tue: US PPI, Powell to speak Wed: CPI, Retail Sales Thu: Unemployment Claims Given the strong bounce from last week's lows, 60k still seems like a strong support level barring any hawkish surprises. — link

According to ZachXBT, Rain, one of the largest crypto exchanges in the Middle East, was suspected of being hacked on April 29, 2024. Suspicious fund outflows occurred in its BTC, ETH, SOL and XRP wallets, resulting in a loss of US$14.8 million. — link

iFinex, the parent company of the Bitfinex, has just joined hands with the El Salvador government to in developing laws, regulations and guidelines related to cryptocurrencies. Bitfinex Securities will launch El Salvador’s first digital asset securitization project, a five-story hotel located at the international airport, raising US$6.25 million. — link

Lukfook Jewellery’s 5 million customer information, one of Hong Kong’s largest jewelers, was sold on the dark web for 25K USDT. At the same time, 450GB of data was stolen from HK College of Technology, involving the information of 8,100 students. Since no ransom was obtained, the recent information has been made public. — link

CEX Data Report for April: The spot trading volume of major exchanges decreased by 37.9% MOM. The bottom three were Kucoin-70.8%, Upbit-57.5%, and Bitfinex-47.7%. Website traffic of major exchanges decreased by 22%. Read more — link

Digital asset investment products saw inflows for the first time in five weeks totalling US$130m. The US saw the majority of inflows totalling US$135m. Hong Kong saw US$19m inflows. Canada and Germany continued to see outflows totalling US$20m and US$15m. — link

According to Cyvers Alerts, the multi-signature wallet of Parity, the parent company of Polkadot, was stolen 150k ETH due to a vulnerability in 2017. Today, the hacker started to launder 3,050 ETH through eXch, worth $9 million. The hacker still controls 83,017 ETH, which is now worth $246.6 million. — link

The National Bitcoin Office (ONBTC) led by President Nayib Bukele of El Salvador announced the launch of mempool space, which can be used to track its Bitcoin vault assets. As of May 13, El Salvador held 5,748.76 Bitcoins. El Salvador began to invest one Bitcoin per day on November 18, 2022. — link

Tether CEO said that Ripple CEO is leading a company being investigated by the SEC and launching a competitive stablecoin, he is being reported spreading fear about USDt. Tether stablecoins respect the OFAC / SDN lists. Tether blocked more than $639 million working with US law enforcement. — link

The L3 blockchain Degen Chain has stopped producing blocks for more than 11 hours, the reason is unknown. Degen Chain was built by Syndicate, which was once invested by a16z, using Arbitrum Orbit. Its Gas token DEGEN is the largest coin of Farcaster. — link