American Visitor in London Sedated and Robbed of $123K in Cryptocurrency
Jacob Irwin-Cline, a 30-year-old US software developer, was allegedly drugged and robbed during a short stay in London, losing $123K in cryptocurrency. He claims he was targeted by a man posing as an Uber driver, who offered him a spiked cigarette, causing him to lose consciousness intermittently.
During these periods, he is said to have handed over his passcodes, allowing the attacker to access and drain his digital wallets. Despite efforts to recover his accounts, his assets were gone within hours. This incident reflects a growing trend of physical attacks, known as "wrench attacks," aimed at extracting cryptocurrency access. The theft is currently under investigation by the Metropolitan Police and the FBI cybercrime team.
However, Irwin-Cline fears the chances of recovering his digital assets are low.
SUI Faces 4.78% Drop as Cetus Protocol Hack Spurs $223M Loss and Market Volatility
SUI is currently trading at $3.4937 with a 24-hour volume of approximately $815.89 million to $1.97 billion, reflecting a 4.78% price decline from the previous day's open of $3.6689; the market capitalization stands between $11.68 billion and $12.14 billion, and the circulating supply is around 3.33 billion tokens. The recent price drop is primarily attributed to the security breach at the Cetus Protocol, SUI’s largest decentralized exchange, where over $223 million was drained in a hack; although $162 million of the stolen assets were frozen by Sui validators, this incident led to heightened market volatility and selling pressure, despite ongoing recovery efforts and robust trading activity.
PEPE Slides 8.78% After Major $25M Profit-Taking, $620M Market Value Lost Amid Sell-Off
PEPE is currently trading at $0.00001288 on Binance, reflecting a 24-hour decline of 8.78% from an open of $0.00001412, with trading volumes ranging between $599 million and $1.14 billion and a market capitalization estimated between $2.83 billion and $3.13 billion. The recent price drop and decreased trading activity are attributed to a significant sell-off, including a large trader closing a PEPE long position for a realized profit of $25.19 million, as well as a broader market pullback that resulted in a 7% price dip and approximately $620 million in market value being wiped out; despite these declines, PEPE maintains strong investor interest, evidenced by over 114,000 holders and ongoing analyst attention.
BNB Dips 2.16% After May Rally
BNB is currently trading at $661.18, with a 24-hour opening price of $675.80 and a price change of -2.16%. The 24-hour trading volume ranges between $1.45 billion and $1.93 billion, and the market capitalization stands at approximately $93.60 billion, with a circulating supply near 144 million BNB.
The recent price decline of 2.16% over the past 24 hours follows a period of strong performance earlier in May, which was supported by broader market optimism, Bitcoin gains, and positive ecosystem developments such as Binance Wallet’s increased transaction volume and the launch of Huma Finance (HUMA) on Binance Launchpool. The current pullback may reflect short-term profit-taking after recent gains and market consolidation, despite ongoing bullish sentiment and technical signals suggesting potential for further upward movement.
2-in-1 aidrops, easy as ABC
✤ @inconetwork | $INCO | $10M
[Recently] Inco has successfully raised $5M, with @a16zcrypto CSX spearheading the investment, joined by @cbventures and existing backers like @1kxnetwork, @OrangeDAOxyz, @southpkcommons, and @scriptcapital.
They introduced new activities on the test network! U can complete them and qualify for a potential airdrop from the project!
✤ Step-by-step guides:
- Obtain test tokens via the Base Sepolia network faucet at: https://www.alchemy.com/faucets/base-sepolia
- Visit: https://comfy.inco.org/
- Link your wallet to mint test tokens.
- Next, hit Shield to encrypt the USDC tokens.
- Secure a few tokens.
- Enjoy the game at: https://hangman.inco.org/
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✤ @OmniFDN | $OMNI | $18.00M
Omni Network has rolled out a testnet featuring a $10M reward pool! By depositing wstETH test tokens into Symbiotic's SolverNet-driven pool, we stand a chance to earn prizes.
✤ Step-by-step guides:
- Request wstETH test tokens from the faucet: https://faucet.omni.network/base-sepolia
- Go to the website: https://app.holesky.symbiotic.fi/vault/0xd88dDf98fE4d161a66FB836bee4Ca469eb0E4a75
- Connect your wallet.
- Under the "Deposit" tab, enter the amount of wstETH that you’d like to deposit and click Swith to Base Sepolia.
- Then confirm the transaction.
Note: the maximum deposit amount on testnet is 1 wstETH in a single transaction.
- Request test tokens periodically and deposit them into the pool.
✤ Conclusion:
Both Inco and Omni feel like solid plays rn. Inco’s got serious backing + fresh testnet tasks.
Omni’s not playin' either — $10M pool is wild. If u’re not farming these, idk what ur doing fr.
POLKADOT JUNE starts in less than a week!
Today, we share another insight form our 3H conversation with @gavofyork (that will be premiered during the first week of June!) :
Gavin Wood co-founder of Ethereum and creator of Solidity, the EVM, and @Polkadot - keeps it it real: the move to rollups (L2s) is pushing Ethereum into an identity crisis, pulling value out of the core chain and making it more like a “rollup host” than a true smart contract platform.
This is something that Gavin and his team had theorized more than 7 years ago: "the writing was on the wall". These issues were coming, so he built something different from day one: Polkadot and the "Parachains".
Parachains aren’t a quick fix; they’re the foundation. Gavin admits it’s not perfect, but the important thing is the solid groundwork: Polkadot was always about real scalability and letting specialized chains work together, instead of patching old problems.
The lesson: What you build at the foundation is what matters, even if it’s not perfect yet. Now that Polakdot has built a strong base, there only needs to be a few tweaks here and there to enable the great products of tomorrow to be built on Polkadot
Full conversation out on June 4th, on the WHEN SHIFT HAPPENS PODCAST - to kickstart POLKADOT JUNE!