Article source: PA frontline
PeckShield: Yearn total loss approximately 9 million USD, attacker address still holds 6 million USD in crypto assets
According to PeckShieldAlert on platform X, Yearn Finance encountered an attack, where hackers drained the liquidity pool by infinitely minting yETH, resulting in a loss of approximately 9 million USD. Approximately 1,000 ETH (about 3 million USD) was transferred to Tornado Cash, and the attacker address still holds approximately 6 million USD in crypto assets.
HashKey passed the hearing at the Hong Kong Stock Exchange, planning to go public in Hong Kong to create a compliant digital asset ecosystem
According to documents disclosed by the Hong Kong Stock Exchange, HashKey Holdings Limited has successfully passed the listing hearing, with JPMorgan, Guotai Junan, and Guotai Junan International acting as joint sponsors. The company plans to build a licensed digital asset ecosystem platform covering three main businesses: transaction facilitation, on-chain services, and asset management, supporting 80 types of tokens by September 30, 2025, with platform assets exceeding 19.9 billion HKD. Major shareholders include Lu Weiding, GDZ International, HashKey Fintech III, and Puxing Energy (00090), with institutional shareholders covering Gaorong Capital, Fidelity, and Meitu, among others.
Machi's high leverage ETH position faced partial liquidation, still holding 3,300 ETH.
According to Onchain Lens reports, Machi faced partial liquidation of his 25x ETH long position during the market decline and has closed part of his position. He still holds 3,300 ETH (approximately 9.5 million USD), just $20 away from the next liquidation threshold; current cumulative losses exceed 20.89 million USD. Additionally, Ai Yi disclosed that in the past 24 hours, he accumulated losses of $1.36M, with an account balance of $211K. The remaining ETH long position is approximately $9.368M, with unrealized losses of $473K, and a liquidation price of $2,831.58, leaving only $15.72 of space.
BTC has fallen below $87,000, with a daily decline of 4.86%.
OKX market shows that BTC has just fallen below $87,000, currently reported at $86,997.00 per piece, with a daily decline of 4.86%.
ETH has fallen below $2,900, with a daily decline of 4.31%.
OKX market shows that ETH has just fallen below $2,900, currently reported at $2,898.30 per piece, with a daily decline of 4.31%.
Sun Yuchen: I have retrieved my WeChat account.
Sun Yuchen stated on platform X that he has retrieved his WeChat account. Last night, Sun Yuchen's WeChat was stolen.
Telegram founder: Decentralized AI computing network Cocoon officially launched.
Telegram founder Pavel Durov stated in his personal channel that the decentralized confidential computing network Cocoon based on TON and the Telegram ecosystem has officially launched, with the first batch of AI requests processed through Cocoon, achieving 100% privacy protection. GPU providers have begun earning TON tokens through this network. Durov pointed out that Cocoon aims to address the high costs and privacy issues posed by traditional AI computing providers like Amazon and Microsoft. In the coming weeks, GPU supply will expand, introducing more developer demand.
Spot silver has exceeded $57 per ounce, setting a new historical high.
Spot silver has historically exceeded $57 per ounce for the first time, currently at $57.3 per ounce, with a daily increase of 1.34%.
Yearn yETH was attacked, with approximately 3 million USD ETH flowing into Tornado Cash.
According to The Block, Yearn Finance's aggregated staking token product yETH was attacked. The attacker exploited a vulnerability to mint yETH nearly infinitely, draining the pool's assets with a single transaction. On-chain data shows that the attacker subsequently transferred about 1,000 ETH (approximately 3 million USD) to the mixing protocol Tornado Cash. Multiple contracts used for the attack self-destructed after the transaction. The exact scale of the losses is still unclear. Yearn stated that it is investigating the incident, and its V2 and V3 Vaults were not affected. Yearn also confirmed that all Katana Vaults are V3 versions and were not affected by the yETH attack.
An Ethereum OG whale deposited 5,000 ETH into Binance 6 hours ago, valued at 15.05 million USD.
According to The Data Nerd monitoring, an Ethereum OG whale deposited 5,000 ETH into Binance 6 hours ago, valued at 15.05 million USD. In the past two weeks, this whale has sold a total of 18,403 ETH, valued at 56.1 million USD. Five years ago, his average investment amount was 559 USD, and he has now achieved a profit of about 45.82 million USD, with an investment return rate of 445%.
Machi's 10x leverage HYPE long position has exceeded 100,000, with the overall position value exceeding 31 million USD.
According to on-chain data monitoring, 'Machi' Huang Licheng has continuously increased his position in a 10x leverage HYPE long position in the past hour, with the position volume exceeding 100,000 HYPE, currently reaching 105,888.88 HYPE, with a liquidation price of about $20.75. His overall position value, including 25x leverage Ethereum long positions and 10x leverage ZEC long positions, has risen to about 31.22 million USD.
Hassett: If nominated by Trump to serve as chairman of the Federal Reserve, I would be very willing to serve.
According to Jinshi reports, Hassett, the director of the National Economic Council of the White House, stated that if President Trump nominates him as the chairman of the Federal Reserve, he 'would be very willing to serve.'
An early Ethereum whale deposited 1,000 ETH into CEX, valued at 3.03 million USD.
According to on-chain analyst Ai Yi's monitoring, an early Ethereum whale deposited 1000 ETH into CEX half an hour ago, valued at 3.03 million USD. In the past month, he has cumulatively sold 10,500 ETH through exchanges and on-chain transactions, totaling 35.39 million USD. He currently holds 110,081 ETH, valued at over 335 million USD.
Beijing Business Daily: The People's Bank of China has defined stablecoins for the first time, and industry analysis suggests it does not affect the relevant layout of stablecoins in Hong Kong.
According to Beijing Business Daily reports, the People's Bank of China recently held a coordination meeting on cracking down on virtual currency trading speculation, during which the financial regulatory authorities defined stablecoins for the first time. They clarified that stablecoins are a form of virtual currency and currently cannot effectively meet customer identity verification, anti-money laundering, and other requirements, posing risks of being used for illegal activities such as money laundering, fundraising fraud, and illegal cross-border fund transfers. They reiterated the need to continue cracking down on illegal financial activities related to virtual currencies. However, industry insiders believe that this meeting does not affect the relevant layout of stablecoins in Hong Kong, but speculation on stablecoins in the mainland will be severely cracked down. The subsequent layout of stablecoins by relevant entities in Hong Kong will have limited space, more confined to practical application scenarios such as cross-border payments and supply chain finance.
Michael Saylor once again released Bitcoin Tracker information, and he may disclose accumulation data next week.
Michael Saylor, founder and executive chairman of Strategy (formerly MicroStrategy), once again released Bitcoin Tracker information on platform X. Based on previous situations, Strategy usually discloses Bitcoin accumulation data the day after he releases Bitcoin Tracker information.
Sun Yuchen's WeChat account was stolen, and he is urgently contacting to retrieve it.
Sun Yuchen posted on platform X to remind: 'My WeChat has been stolen, and I am urgently contacting to retrieve it.'
Data: Tokens such as SUI, ENA, SANTOS will see significant unlocks, with SUI unlocking approximately 85 million USD.
Token Unlocks data shows that tokens such as SUI, ENA, SANTOS will see significant unlocks next week, including: Sui (SUI) will unlock approximately 55.54 million tokens at 8 AM on December 1 Beijing time, accounting for 0.56% of the total supply, valued at approximately 85 million USD; Ethena (ENA) will unlock approximately 95.31 million tokens at 8 AM on December 2 Beijing time, accounting for 0.64% of the total supply, valued at approximately 27.2 million USD; Santos FC Fan Token (SANTOS) will unlock approximately 5.7 million tokens at 8 AM on December 1 Beijing time, accounting for 19% of the total supply, valued at approximately 12.7 million USD; Walrus (WAL) will unlock approximately 32.7 million tokens at 8 AM on December 1 Beijing time, accounting for 0.65% of the total supply, valued at approximately 5.5 million USD; Jito (JTO) will unlock approximately 11.31 million tokens at 8 AM on December 7 Beijing time, accounting for 1.13% of the total supply, valued at approximately 5.4 million USD.
Analysis: The current BTC trend is very similar to the bear market of 2022, and it may rebound in the first quarter of next year.
According to Cointelegraph reports, economic analyst Timothy Peterson stated on platform X that the current Bitcoin trend is highly similar to the bear market of 2022. Looking at the daily and monthly charts, this year’s daily correlation with Bitcoin in 2022 is 80%, and the monthly correlation is as high as 98%. If history continues to repeat itself, the real recovery of Bitcoin price may not occur until the first quarter of next year. In the past month’s decline, the impact on cryptocurrencies has been significantly greater than on stocks, but signs of a rebound are rapidly increasing, and changes in macro sentiment may still trigger the classic 'Christmas rally' of risk assets before the end of the year.
Machi has opened a 10x leverage ZEC long position, with the overall position value exceeding 30 million USD.
According to on-chain data monitoring, Vitalik Buterin expressed hope that Zcash could resist the influence of token voting forces. Shortly after, 'Machi' Huang Licheng opened a 10x leverage ZEC long position. So far, he has opened a 25x Ethereum long position (holding 9,500 ETH) and a 10x leverage ZEC long position (holding 200 ZEC) and HYPE long position (holding 41,888.88 HYPE), with the overall position value now reaching about 30.09 million USD, with a weekly unrealized profit of about 758,000 USD.
