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- 【Gate Daily Market Digest】📊
Unlock today’s key crypto market insights at a glance!
Top Gainers⭐️ $SNAKEAI $YBDBD $BASEPTL $FPFT $TMAI
Trending Coins🔥 $YBDBD $LAUNCHCOIN $SPX $MIRAI $ANIME
#FearGreedIndex# #TopGainers#
- #May CPI Incoming#
This Wednesday, the U.S. will release May CPI data — a key test for rate cut expectations. Cleveland Fed forecasts 2.4% YoY CPI (up from 2.3%), with core CPI flat.
💬 If inflation beats expectations, will the Fed still cut in June? Will you stay on the sidelines or take early action?
#Tech Giants Eye Stablecoins#
Apple, Google, Airbnb, and X are in talks to integrate stablecoins into their payment systems, aiming to cut fees and streamline global payments. Following Circle’s IPO surge, stablecoins are quickly gaining traction across tech and finance.
💬 Could stablecoins be - Trading Myth vs Reality: Rising Wedge
❌ Myth
"A rising wedge is a bullish signal; buy immediately once the pattern completes."
✅ Reality
Proper rising wedge trading requires confirmation:
1.A clear break below the lower line (2 confirmed closes)
2.Volume increase on the break
3.A pullback that doesn't break above the lower line
💡 How to trade correctly:
· Wait for the pullback after the break
· Set stop-loss above the upper line
· If price breaks above upper line, volume must confirm or it's a false breakout
- What are Gate Post Ambassadors? One article guides you through the responsibilities and benefits of being a Gate Post ambassador!👇️
This feature newly introduced in this Altcoin carries the risk of users' Holdings being stolen: Attention is required!
Wintermute, a trading firm known in the Crypto currency markets, has issued an important security warning regarding the recent "Pectra" hard fork carried out by Ethereum.
According to the company, the feature named EIP-7702 offered as part of the update is primarily being exploited by malicious individuals and user wallets are at risk.
EIP-7702 offers an "account abstraction" feature developed under the leadership of Ethereum co-founder Vitalik Buterin, allowing wallets to temporarily behave like smart contracts. This enables users to perform functions like multi-transaction batching, payment of gas fees by another party, and social identity verification in a single transaction. However, according to data published by Wintermute via Dune Analytics, this capability is being exploited by malicious attackers to drain wallets.
According to Wintermute's analysis, over 80% of EIP-7702 delegations are serving attacks where a simple and short smart contract called "CrimeEnjoyor" is copied and reused across different addresses. This contract automatically transfers assets from compromised wallets with leaked private keys to an address controlled by the attacker.
"The CrimeEnjoyor contract is short, simple, and widely used," said Wintermute. "This copied bytecode currently makes up the majority of all EIP-7702 delegations. It's an ironic and dark picture," he explained.
The blockchain security firm Scam Sniffer recently announced that it detected a malicious transaction linked to a long-known fraudulent service called Inferno Drainer, which caused a loss of approximately $150,000. On the other hand, another security firm, SlowMist, emphasized in its analysis of the vulnerabilities of EIP-7702 that wallet service providers should support such transactions and that it is important for users to clearly display target addresses in the contracts they sign.
*This is not investment advice.
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