Today's news tips:
1. Foreign media: Trump accepts campaign donations using Bitcoin Lightning Network
2. FTX bankruptcy-related legal costs exceed $700 million, and the remaining Anthropic shares have been sold
3. SlowMist Cosine: Velocore was suspected of being hacked on zkSync and Linea chains
4. Velocore report: A total of approximately $6.8 million in ETH was lost, and an appropriate compensation plan will be implemented in the future
5. Bitcoin miners’ income fell 46.15% month-on-month in May, the lowest level since October 2023
6. The total number of unique addresses of Sui and Blast increased by 45% and 40% month-on-month respectively in May
7. In the past two months, Coinbase has a net outflow of 40,406 BTC, worth $2.7 billion
Regulatory News
Foreign media: Trump accepts campaign donations using Bitcoin Lightning Network
According to Bitcoin Magazine, Trump has become the first US president to accept campaign donations paid using the Bitcoin Lightning Network.
Project News
FTX bankruptcy-related legal costs exceed $700 million, and has sold remaining Anthropic shares
As bankruptcy-related legal and administrative costs have exceeded $700 million, FTX has sold its remaining shares in artificial intelligence startup Anthropic. According to the latest documents, FTX sold the remaining 15 million shares at a price of about $30 per share, with a total sale price of more than $450 million. The largest buyer was the global venture capital fund G Squared, which acquired about one-third of the remaining shares, or 4.5 million shares, for $135 million. Venture capital funds also accounted for the majority of the other 20 buyers of Anthropic shares. This made FTX's initial $500 million investment appreciate to about $1.3 billion, with a profit of about $800 million.
SlowMist Cosine: Velocore is suspected of being hacked on zkSync and Linea chains
Yu Xian, the founder of SlowMist, tweeted that Velocore was suspected to have been hacked and the losses may be quite large. The cause is being analyzed. According to the tweet he forwarded, Officer's Notes revealed that Velocore may have been attacked on zkSync and Linea chains.
DEX Velocore hackers exchanged stolen assets for 1,807 ETH and transferred them to the Ethereum mainnet
According to on-chain analyst Yu Jin, DEX Velocore deployed on zkSync and Linea was suspected to be hacked 4 hours ago, and all users' LPs were stolen. The hacker converted all the stolen assets into ETH, and then transferred ETH to the Ethereum mainnet through the cross-chain bridge. Currently, the hacker has transferred all ETH to the 0xe40...2b3 address, with a total of 1,807 ETH (US$6.88 million).
ZachXBT: Boxer Floyd Mayweather deletes tweets promoting scam project
According to the on-chain detective ZachXBT, former American professional boxer Floyd Mayweather has deleted tweets containing fraudulent information. ZachXBT said that Floyd Mayweather had previously participated in the NFT fraud projects Mayweverse and RealFloydNFT; and promoted the fraud projects Ethereum Max, Bored Bunny, Moonshot and 2018 ICO.
Velocore reports: A total of approximately $6.8 million in ETH was lost, and an appropriate compensation plan will be implemented in the future
Velocore released a vulnerability incident analysis report, and the hacker attack caused a loss of approximately $6.8 million in ETH. The root cause of this vulnerability is a vulnerability in the Balancer-style CPMM pool contract. The main cause of the incident was a logical error in the "velocore__execute()" function of ConstantProductPool, and measures have been taken to ensure that the vulnerability can no longer be exploited. The team is actively investigating, tracking the hacker while attempting on-chain negotiation, and has requested various protocols and central exchanges to cooperate in investigating the attacker's activities. In addition, close communication is maintained with security partners and foundations. Based on these findings and cooperation with partners, future plans will be continuously adjusted. For those affected users, the team took a snapshot of the blockchain state before the incident. Once operations are resumed, an appropriate compensation plan will be implemented to address the losses suffered by users.
Important data
Coinbase has a net outflow of 40,406 BTC worth $2.7 billion in the past two months
Data shows that Coinbase has a net outflow of 40,406 BTC worth $2.7 billion in the past two months. According to Arkham Intelligence records, Coinbase held 928,743 BTC on April 1, but as of today, the total has dropped to 888,337 BTC. On the other hand, Binance's Bitcoin reserves increased by 408 BTC during this period, worth about $27.6 million. At the same time, Robinhood had a net inflow of 894 BTC, worth about $60.57 million.
Grayscale GBTC's BTC holdings have decreased by more than 50% compared to when it was converted to a spot ETF at the beginning of the year
According to HODL15Capital monitoring, Grayscale GBTC currently holds 285,126 BTC, a decrease of more than 50% from the 620,000 BTC when it was converted to a spot ETF on January 10, 2024.
The total number of unique addresses of Sui and Blast increased by 45% and 40% month-on-month respectively in May
According to Coin98 Analytics data, the total number of unique addresses on blockchain platforms BNBChain, Polygon and Ethereum continued to lead, increasing by 2%, 3% and 2% month-on-month respectively. In addition, Sui increased by 45% month-on-month and Blast increased by 40% month-on-month.
Bitcoin miners’ revenue fell 46.15% month-on-month in May, the lowest level since October 2023
According to the block data, Bitcoin miners' revenue in May decreased by 46.15% compared with April. In May, miners received $964.24 million from block subsidies and fees. On-chain fees in May were $64.85 million, far lower than $281.47 million in April. This is the lowest level since October 2023, when miners' cumulative revenue was $864 million.
Last month, a total of 4,281 blocks were discovered, with Foundry USA leading the way with 1,243 blocks discovered, accounting for more than 29% of the total. Antpool was the second largest mining pool, discovering 1,117 blocks, accounting for 26.09% of the total. Bitcoin's hash price has improved significantly, rising from $44.38 per 10 million hashes per second (PH/s) on May 1 to $57.18 per 10 million hashes currently. The decline in Bitcoin miner revenue in May highlights the volatility of the cryptocurrency market during this period. Despite the improvement in hash price, the significant drop in revenue highlights the challenges faced by miners.
A whale transferred 1.623 million CAKE to Binance, about 4.48 million US dollars
According to the on-chain analyst Ember, an hour and a half ago, a whale transferred 1.623 million CAKE (US$4.48 million) to Binance for sale, causing the price of CAKE to fall by 4.6% ($2.765→$2.637). The whale bought 2.623 million CAKE (US$7.42 million) through Mexc and the chain at an average price of about US$2.83 during the six months from November 2023 to May 2024. After transferring 1.623 million CAKE (US$4.48 million) to Binance, he still had 1 million CAKE (US$2.65 million) in Venus.
Amber Group deposited 2.96 million FRONT to Binance about 2 hours ago, worth about 4.26 million US dollars
According to on-chain analyst @ai_9684xtpa, two hours ago, the Amber Group-related address recharged 2.96 million FRONT to Binance, worth $4.26 million. The address accumulated 11.9 million FRONT from multiple exchanges between April 27 and May 20, with an average price of $1.03. If all of them are sold this time, a profit of $1.09 million will be made.
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