Assemble AI

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Assemble AI

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The News Intelligence Every Crypto Agent Calls. - http://ns3.ai | Breaking Alerts | AI News Analysis & Market Summary

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Syscoin Suspends Bridge After 5B SYS Unauthorized Mint

Syscoin suspended bridge operations after an unauthorized minting of 5 billion SYS. A hacker exploited a bridge verification issue to mint the tokens on the UTXO chain. Syscoin said the funds were distributed to multiple addresses. Syscoin is working with exchanges and major partners to block deposits and trading of the assets.

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On-chain analyst Darkfost said Bitcoin has fallen below the 4% quantile of the Power Law model. Darkfost said Bitcoin has historically traded in that price range for only 4% of its existence.

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Yuga Labs recovered and secured high-value NFT assets, including 29 BAYC, after detecting a Flooring Protocol vulnerability. CEO Michael Figge said Quit led the operation. Figge said the assets will be returned after the vulnerability patch is complete.

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Serenity said LeaderDrive's stock price remains severely undervalued in the coming years. Serenity said short-term fluctuations remain unpredictable because of the macroeconomic environment.

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Syscoin Bridge Exploit Mints About 5B SYS

Syscoin said a cross-chain bridge exploit created unauthorized SYS outputs involving about 5 billion SYS. The attacker exploited a verification issue in the cross-chain bridge process. The bridge has been temporarily suspended. Syscoin asked exchanges and relevant partners to blacklist, freeze, or monitor affected SYS deposits.

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Arthur Hayes withdrew 33,979 HYPE, valued at $2.09 million, from Bybit, according to Onchain Lens. The receiving address now holds 34,066 HYPE.

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Senator Cynthia Lummis reiterated her commitment to passing the Clarity Act as the bill awaits a final U.S. Senate floor vote. Lummis said on X that the effort should not stop near the end of the process.

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Joseph Lubin said Ethereum Foundation budget cuts, staff departures, and leadership changes are a necessary evolution. Lubin said the foundation should separate protocol management from commercialization.

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CoinMarketCap's Altcoin Season Index currently stands at 46. An altcoin season requires 75% of the top 100 eligible coins to outperform Bitcoin over the past 90 days.

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ZachXBT alleged that BitMEX founder Arthur Hayes set high price targets before selling holdings in several cryptocurrencies. Hayes said he sold to buyers at the offered price and followed his trading objectives.

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Onchain Lens monitoring showed that a wallet associated with BitMEX co-founder Arthur Hayes withdrew 33,979 HYPE from Bybit. The HYPE was valued at $2.09 million.

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The Israeli military confirmed airstrikes on Iran. The Israeli Air Force carried out the strikes. The statement described the targets as military sites tied to the Iranian regime.

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Odaily Morning News highlighted eight items, including ZachXBT's claim about Arthur Hayes and a whale's $3.5 million profit from a BTC trade. The roundup also cited Iran's missile attack on Israel and a nearly 3% rise in WTI crude oil futures.

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Iran's semi-official YJC News Agency said multiple explosions were heard in several Iranian cities.

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Brent crude oil rose 3.00% intraday.

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Monera Digital said its trading team built BTC short positions on May 18, May 22, and May 25. The average entry price was $77,203, and the strategy return was over 20% as the position remained short.

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A military source quoted by Iran's Tasnim News Agency said Iran has prepared its military for any potential further action by Israel. The source warned that Iran would launch larger-scale strikes if the situation escalates.

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ZachXBT l-a întrebat pe co-fondatorul BitMEX, Arthur Hayes, după ce a spus că Hayes a promovat public și apoi a lichidat patru tokenuri în decurs de două săptămâni. Hayes a spus că a vândut NEAR, HYPE, ZEC și WLD către cumpărători dispuși la prețuri specifice și și-a atins obiectivele de trading de data aceasta.

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A whale deposited 1,656 BTC into Binance after buying the coins near a local bottom. Lookonchain monitoring put the profit at $3.5 million in 2 days.

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Lookonchain a estimat că un balen anonim a realizat un profit de 3,5 milioane de dolari după ce a depus 1.656 BTC pe Binance. Balenul a cumpărat BTC-ul pentru 98,93 milioane de dolari la un preț mediu de 59.734 dolari.

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