Crypto Maxx 1

🚨 A security vulnerability has been discovered in a plugin called "SquidRouterModule" linked to some Gnosis Safe wallets on the Ethereum and Base networks.

The attacker exploited the vulnerability and was able to execute transactions from the wallets without needing a valid signature from the owners, allowing them to steal around $3.2 million in just two hours.

After the heist, the funds were converted to DAI via Uniswap V3 to facilitate their transfer and obscure their trail.

Squid has clarified that:

its main contract was not compromised.

User funds within the main system are still secure.

The issue was with an external module/plugin linked to some wallets only.

#Macro Insights# #Cryptomaxx

Sharp crash in ESPORTS token after massive sell-off ignites investor outrage

The ESPORTS project has experienced a steep decline in its token price over the last few hours, plummeting by over 90%, amid widespread anger and accusations within the community of intense sell-offs at the expense of investors.

According to circulating data, nearly 60 million tokens were dumped in one go, valued at over 6 million dollars, causing a brutal sell pressure that sent the price crashing almost vertically.

This severe drop has once again highlighted the risks associated with projects reliant on community liquidity injections, only to later experience massive dumps leading to harsh losses for individual investors.

So far, the most pressing question remains:
Was this just a natural sell pressure? Or a coordinated dump at the community's expense?

⚠️ Warning: In the crypto market, promises and marketing are not enough. Keep an eye on the tokenomics, large wallets, liquidity, and team behavior before diving into any project.

#CryptoMaxx

The $HYPE token from #HyperLiquid just hit its all-time high

pushing its market cap to $15 billion.

#Cryptomaxx

NVIDIA stocks drop by over 3%

Despite posting record quarterly revenues of $81.6 billion and an increase in earnings per share.

The stock fell after NVIDIA reported earnings per share and revenues that exceeded expectations.

#Macro Insights# #NVIDIA #Cryptomaxx

Bitcoin's open interest has reached $29 billion

Open Interest reflects an increase in the volume of open positions only

whether they're bets on the long or short side, so it indicates the potential

for heightened volatility, not a confirmation of market direction.

#Macro Insights# #Cryptomaxx

Continuous strategy of stacking Bitcoin without getting caught up in chart noise
If your goals are high and you believe in Bitcoin, keep buying and leave the analysis aside
This is the true meaning of DCA and accumulating in all market conditions

‎#BTC #Macro Insights#

$563 million in long positions liquidated in the crypto market within 24 hours

It's the biggest single-day loss since February.

#Macro Insights#

The American tech sector has posted job losses for 16 consecutive months, marking the longest decline since the 2008 crisis.

It's not just AI causing this, but it's clear that it's a key player in reshaping the job market.

Many companies have started leveraging AI tools to boost productivity and cut costs, which has led to a lot of jobs disappearing or seeing reduced demand, especially for routine positions.

At the same time, the new jobs created by AI require higher skills and fewer employees.

#Macro Insights# #Cryptomaxx

The Senate appoints Kevin Warsh as Governor of the Federal Reserve

The U.S. Senate has confirmed Kevin Warsh for a 14-year term as Governor of the Federal Reserve, a significant move towards succeeding Jerome Powell.

Lawmakers have also approved a separate four-year term for Warsh as Chair of the Federal Reserve, with final approval likely on Wednesday, as Powell's term as Chair wraps up on Friday.

#Macro Insights#

US inflation surprises the markets again

The Producer Price Index (PPI) jumped to 6% against expectations of 4.9%. Core inflation clocked in at 5.2%, higher than anticipated.

The data confirms that the impact of rising energy prices is starting to spill over into other sectors of the economy, increasing pressure on the Fed and reducing the chances of rate cuts through 2026.

What to expect is:

Pressure on US stocks, especially Nasdaq and tech

Rising bond yields and the dollar

Gold might benefit as a store of value during stagflation fears

Bitcoin remains under pressure from the strength of the dollar and yields

#Macro Insights# #USStocks

The S&P 500 index hits a high of 7,500 points,

Bitcoin has reclaimed the $81,000 level.

The surge is fueled by positive news regarding talks between U.S. President Donald Trump and the Chinese leader.

#S&P #Macro Insights#

For the first time in history... the US stock market has reached a market cap of $77 trillion.

Market predictions indicate that the Consumer Price Index (CPI) will hit 3.7% year-over-year in April, up 0.4% from March.

Gasoline contributed to about three-quarters of the monthly CPI spike, rising by 0.9% in March.

With gasoline prices surging by 51.7% since the Iran War, strong inflation reinforces the Federal Reserve's stance on keeping rates higher for longer.

#Macro Insights#

The US markets have lost over 900 billion dollars in market cap

Due to a massive sell-off led by the tech sector

As US Treasury yields rise

And expectations grow for the Fed to delay lowering interest rates

Following signs of ongoing inflationary pressures.

#Macro Insights# #USStocks

🇺🇸 Jerome Powell officially steps down after 8 years as the Fed Chair

#Macro Insights#