According to Golden Finance, DefiLlama data shows that the total market capitalization of stablecoins rose by 0.95% in the past week, currently reported at 246.119 billion USD. Among them, the total market capitalization of USDT increased by 1.01%, currently reported at 153.334 billion USD, with a market share of 62.30%.

Today, two whales purchased 292,934 HYPE tokens, worth 10.09 million USD. Address 0x24aB spent 8.09 million USD in the past 8 hours to buy 235,553 HYPE at an average price of 34.35 USD; address 0xFa0F spent 2 million USD in the past hour to buy 57,381 HYPE at an average price of 34.85 USD.

According to Gate News bot, the New York Post reported that New York police arrested 37-year-old crypto assets investor John Woeltz and his 24-year-old female accomplice in downtown Manhattan. The two are suspected of kidnapping and torturing an Italian tourist. According to sources, Woeltz imprisoned the victim in an upscale apartment in SoHo for more than two weeks. At the scene, police found multiple Polaroid photographs documenting the abuse, including images of the victim being pointed at gunpoint. The victim was kidnapped and abused on May 6 after being lured to his apartment for a business transaction in order to gain access to his financial account, which amounted to millions of dollars. When the victim escaped, he stated that Woeltz planned to kill him. According to TheBlock, Woeltz was involved in early investments in Bitcoin, and his GitHub account has been inactive since 2020. Currently, Woeltz is facing charges of second-degree assault, kidnapping, unlawful imprisonment, and illegal possession of a firearm, while his female accomplice is charged with kidnapping and unlawful imprisonment.

John Woeltz, a 37-year-old U.S. cryptocurrency investor, and a 24-year-old suspected female associate are accused of illegally detaining and torturing a 28-year-old Italian businessman in an upscale apartment in Manhattan, New York, for more than two weeks in an attempt to obtain the password to his crypto account. The victim arrived in New York on May 6 to meet with Woeltz, with whom he had been doing business, before being seized of his passport and subjected to electric shocks, drug coercion, chainsaw threats, and other abuses. It is reported that the police found multiple Polaroid photos of the victims being tied up and tortured at the scene, as well as guns, chainsaws and other tools. The victim eventually escaped on May 23 and called the police. John Woeltz has been charged with multiple counts of first-degree kidnapping, false imprisonment, assault and unlawful possession of a weapon, and the investigation is ongoing. （The Block）

According to Jinse Finance, a report from Scam Sniffer monitoring shows that an Address upgraded to EIP-7702 lost $146,551 in a phishing attack due to malicious bulk transactions.

Odaily News Elon Musk stated on the X platform: "I have returned to a state of working 24 hours a day and sleeping in the conference room/server/factory room. I must pay close attention to X/xAI and TSL, as we have key technologies being launched. This week’s uptime issues with X indicate that significant operational improvements are needed. Failover redundancy should have been effective, but it has not worked in practice."

BlockBeats news, on May 24, Musk changed the X avatar to a concept image of "xAI", consistent with the style of "xAI / Grok - TO UNDERSTAND" in his background image. Previously, his avatar was a concept MEME image of "Kekius Maximus".

Odaily News Elon Musk has changed his X account name back to Elon Musk.

Odaily News According to Onchain Lens monitoring, a Whale continues to increase its HYPE holdings, having spent a total of 8.04 million dollars to acquire 235,553 HYPE, with an average purchase price of 34.17 dollars.

BlockBeats news, on May 24th, according to Downdetector monitoring, the X platform is suspected to have encountered a large-scale network outage, starting at 8:42 PM, over 25,000 users reported abnormal network issues.

Odaily News According to Downdetector.com, Elon Musk's social media platform "X" experienced outages for tens of thousands of users in the United States on Saturday. According to Downdetector, as of 8:39 AM Eastern Time, more than 25,000 people reported issues with the social media platform. (Jin10)

PANews news on May 24th reported by Jin10 indicates that as of 8:35 AM Eastern Time, over 25,054 US users have encountered issues on the social media platform "X".

Bitcoin volatility has rebounded to 1.79% from a low of 1.58% on May 22, indicating an increase in speculative trading and retail investor FOMO sentiment. The decrease in volatility may suggest a reduction in speculators, with the market entering a consolidation or calm period. Bitcoin price fluctuations are influenced by various factors, such as macroeconomic events and geopolitical risks; when these factors stabilize, Bitcoin volatility may decrease.

PANews, May 24 news, according to Telegram founder Pavel Durov's disclosure on his personal channel, data shows that in the first quarter of 2025, Telegram rose one position in global app downloads for the first quarter of this year, ranking eighth. Meanwhile, all Meta's apps saw a fall in download rankings, including WhatsApp, Instagram, Facebook, and Threads.

Gate News bot message: According to Gate market data, the BTC_USDT price has exceeded 109000 USDT, currently at 109036.1 USDT. The 24-hour drop is 1.83%.

According to Jin10, the Governor of the Bank of Canada, Tiff Macklem, stated that the priority is to reach a trade protocol with the United States.

The issue of the UK-Ukraine conflict is increasingly reducing the support rate among the British public. The Russian ambassador to the UK stated that British society is becoming weary of accepting Ukrainian refugees and does not wish to continue accepting them.

According to Gate News bot, BlockBeats reported that the menu for the cryptocurrency dinner hosted by Trump has attracted follow on social platforms. The dinner previously claimed the menu was worth $55,000, but the actual dishes revealed were common American meals not exceeding $130. During the banquet, the top 25 investors received private VIP reception, and the top four investors were also gifted limited edition Trump Tourbillon watches. This matter has sparked controversy within the Democratic Party, with several members questioning Trump's involvement in the Crypto Assets industry, and the related discussion has extended to the encryption legislative process.

TRUMP Whale invested in moonpig and made substantial profits, with a return rate as high as 181 times and unrealized gains of 1.4 million dollars. He purchased a large amount of TRUMP coin and moonpig, demonstrating keen insight and investment acumen in the digital asset market.

Odaily News According to Lookonchain monitoring, a TRUMP Whale invested 7619 dollars in moonpig and made a profit of 1.4 million dollars, with a return rate as high as 181 times.

PANews May 24 news, according to on-chain analyst Yu Jin's monitoring, James Wynn has increased the Hyperliquid BTC Long Position to 1.23 billion USD, 40x long order of 11,404 BTC, position value 1.23 billion USD, entry price 108,921 USD, liquidation price 105,100 USD.

Golden Ten Data on May 24, the United Nations Relief and Works Agency for Palestine Refugees in the Near East (UNRWA) Commissioner-General Philip Lazarini said on social media on the 23rd that the people of Gaza have been in a state of hunger and lack of basic daily necessities for more than 11 weeks, and the current aid into Gaza is a drop in the bucket. Looting and theft of aid in the Gaza Strip are frequent. Only a sustained flow of aid into Gaza can stop the situation from deteriorating further. He called for saving lives to take precedence over the military and political agenda, and the people of Gaza could no longer afford to wait.

Odaily News Whale James Wynn posted on the X platform, predicting that Bitcoin could reach $118,000 to $121,000 next week, and that it may rebound to $110,500 today, but these are all predictions and not financial advice.

BlockBeats news, on May 24, according to OnchainLens monitoring, a Whale Address deposited 4.33 million USD into HyperLiquid and purchased 130,715 HYPE at a price of 33.8 USD, totaling 4.42 million USD. The Whale also holds a 2x leveraged long positions in WLD, currently with a floating profit of 200,000 USD.

Slow Mist analyzed the Cetus theft incident, pointing out that the attacker exploited a parameter overflow vulnerability to obtain a large amount of assets. The attacker used the checkedshlw function vulnerability to acquire various assets, with some funds being cross-chain to EVM addresses. Cetus has fixed the vulnerability, and $162 million has been frozen. Developers are advised to verify the boundary conditions of mathematical functions.

Odaily News According to OnChain Lens monitoring, a Whale deposited 4.33 million USDC into Hyperliquid and purchased 130,715 HYPE.

Gate News bot message, based on the analysis report released by the Slow Mist team, the Cetus protocol has been attacked, and the attacker exploited a vulnerability in the overflow detection of the checked_shlw function to carry out the attack. The attacker first borrowed haSUI through a flash loan, and then exploited a system vulnerability to exchange a large amount of liquidity with only 1 token. This attack resulted in an estimated loss of about $230 million, involving various digital assets such as SUI, vSUI, and USDC. The attacker transferred part of the funds to the EVM address through the Sui Bridge cross-chain and deposited $10 million in assets to Suilend. Currently, the SUI Foundation has frozen $162 million in stolen funds. Cetus has completed a bug fix, and the SlowMist team recommends that developers rigorously verify math function boundary conditions. Source: Wu Says

The analysis of the $230 million theft incident of Cetus released by Slow Mist shows that the attackers exploited an overflow detection bypass vulnerability, selecting parameters through precise calculations to exchange a minimal amount of tokens for a large amount of Liquidity assets. The attack demonstrated the power of mathematical overflow vulnerabilities, and it is recommended that developers strictly verify the boundary conditions of mathematical functions in smart contract development.

The first floating management fee product under Ping An Fund - the Ping An Value Enjoy Mixed Fund has been approved. The management fee rates fluctuate flexibly based on the holding period and fund performance. When the holding period exceeds one year and the annualized excess return reaches a certain level, the management fee rate can be as high as 1.50%; if the holding period exceeds one year but the annualized excess return is negative, the management fee rate is 0.60%; in other cases, it is 1.20%.

According to ChainCatcher news, on-chain analysis platform Glassnode stated on platform X that the current price of Ethereum is close to the cost price range of a large number of investors, which is about 2800 USD, and may face selling pressure risk. Holders who were previously trapped may choose to reduce position to drop risk as the price approaches parity.

According to Gate News bot, as reported by Wu, Solana has officially launched the Solana Attestation Service (SAS) verification service. This service realizes the association function between off-chain data and Solana Wallet, building a trust foundation for the internet Capital Market. Through SAS, the application has the capability to verify KYC/identity proof, investor certification, and on-chain reputation information. This service uses signature verification methods to ensure user privacy is protected.

The press secretary of the President of Belarus stated that Belarus will continue to provide guarantees for the exchange of Russian and Ukrainian prisoners of war, and has completed the first phase of work. After the direct negotiations between Russia and Ukraine are resumed, an agreement will be reached, and Belarus will continue to support this prisoner exchange.

According to a report by Jinse Finance, the on-chain analysis platform Glassnode stated in a post on X that the current investor cost basis level for ETH is around $2800. As the price approaches this range, the cost for sellers is gradually increasing, as many investors who previously held large amounts of funds may seek to drop their risk near the breakeven point. In addition, if the price stagnates, investors holding positions at that price level may intensify rapid selling. If this is accompanied by ETF fund outflows or whale withdrawals, market sentiment may change.

Hyperdrive completed a $6 million Series A funding round, aiming to build a stablecoin funding market on the Hyperliquid Blockchain, providing features such as stablecoin lending and borrowing, and liquid staking of $HYPE. Hack VC and Arrington Capital led the investment, with follow-on funding from Delphi Ventures, Proof Group, and others. The project's goal is to become a hub for the stablecoin market and yield.

Gate News bot message, Hyperliquid officials remind that the X account of HyperFND has been hacked, and all links and posts currently published by that account pose security risks. Please do not click or interact with them. Hyperliquid also confirms that the Hyperliquid Blockchain is operating normally and has not been affected by this attack.

PANews May 24 news, Hyperliquid tweeted a warning that the HyperFND Twitter account has been hacked. The Hyperliquid Blockchain is not affected. Users are advised not to interact with any links or tweets from that account.

PANews reported on May 24 that, according to official data, in the 7 days ending May 22, Circle issued approximately 4.3 billion USDC, redeemed about 3.5 billion USDC, and the circulating supply increased by about 800 million. The total circulating supply of USDC is 61.3 billion, with a reserve amount of about 61.5 billion USD, of which cash is approximately 8.1 billion USD, and the Circle Reserve Fund holds about 53.5 billion USD.

According to Gate News bot, Decrypt reported that the US law firm Bragar Eagel & Squire has launched an investigation into the medical technology company Semler Scientific. The investigation involves the company violating federal securities laws and other misconduct. Since 2017, Semler Scientific has been under investigation by the Department of Justice due to reimbursement issues related to QuantaFlo, and has received multiple supplemental requests in recent years. After failed settlement negotiations recently, the company increased its holdings of Bitcoin by $50 million this week, bringing its total holdings to 4,264 coins.

According to Gate News bot, the Bitcoin layer-2 network Botanix has launched a technological solution to prevent Double Spending. This solution is based on the Spiderchain federated attestation Bitcoin chain, utilizing a rotating multisignature Wallet structure to manage the flow of funds. Currently, a 2-of-3 signature mechanism is implemented, with plans to upgrade to a 12-of-16 signature mechanism in the future. The system requires that the deposit (peg-in) and the withdrawal (peg-out) operations must be signed by the majority coordinator. Based on the Bitcoin UTXO model, Botanix has designed a "collision input mechanism" where each peg-out transaction needs to reference the previous output as input. Transactions that reuse the same UTXO will be rejected by the network. This mechanism combines the staking penalty mechanism of PoS consensus to ensure the secure two-way bridging of cross-chain assets at both the technical and incentive levels. Source: wublock123

BlockBeats news, on May 24, Whale James Wynn posted data on social media showing that his account on HyperLiquid lost 36.19 million dollars in 24 hours, with a maximum drawdown of 55.45%. However, according to overall data released by James Wynn, his account is currently still profitable with 50.07 million dollars, with a maximum drawdown of 84.34%. The total trading volume reached 7.958 billion dollars.

The Federal Reserve (FED) is still observing the impact of fiscal and trade policies on the economy, and the market expects that the policy will remain on hold until the July meeting. Although expectations for a rate cut in June have weakened, the futures market shows that the probability of a rate cut before September is still slightly above 50%. The situation may become clearer in the next four months, with a potential for inflation to slow down or economic deterioration leading the Federal Reserve (FED) to adopt stimulus policies.

Sui officially announced on the X platform its support for the Cetus community voting proposal, which includes upgrading the protocol to return frozen funds and ensure asset security for users. However, Sui set two conditions when deciding to support the proposal: to remain neutral and forgo voting rights, while also requiring Cetus to commit to recovering assets to ensure full compensation for users.

Gate News bot message, according to the source Wu said, Sui official released a notice in response to the community voting proposal initiated by Cetus on the same day. The proposal aims to return frozen funds through a protocol upgrade without the need to rollback on-chain records or revoke transactions. The Sui team agrees to support this on-chain voting proposal and puts forward two specific requirements: first, the Sui official will maintain a neutral stance on the voting results, waive the voting rights, and is responsible for designing and executing a decision-making process that reflects the collective will of the Sui community. Relevant plans and code will be announced soon; second, Cetus must publicly commit to investing all financial resources to recover assets, ensuring that all users receive full compensation.

Odaily News Gate will launch Fishwar (FISHW) spot trading on May 30 at 18:00 (UTC+8). The ongoing HODLer Airdrop event will end on May 30 at 14:00 (UTC+8), holding 1

According to the Gate News bot, data from SoSoValue shows that on May 23rd, Eastern Time, the total net inflow of Ethereum Spot ETF reached $58.6295 million, continuing a streak of six consecutive days of net inflows. Among them, the ETHA fund under Blackrock topped the list with a single-day net inflow of $52.8429 million. Statistical data shows that the historical total net inflow of the ETHA fund has reached $4.4 billion.

The Sui official has decided to support the Cetus community proposal to return frozen funds, but with additional conditions: remain neutral, give up voting rights, design and execute decision-making processes; Cetus must commit to recovering assets and fully compensating users. Since it involves the asset security of Cetus users, the Sui team has made careful considerations.