According to Blockaid, a continuous attack targeting the SquidRouter module on the Ethereum and Base chains was detected. Within approximately two hours, about $3 million worth of assets were stolen from 86 Gnosis Safe wallets. All stolen tokens were exchanged for DAI through a Uniswap V3 pool controlled by the attackers.

According to an official announcement, Bitget has launched spot trading for United Stables (U) and Solstice (SLX). The trading channel for U is now open, and withdrawals will open on May 26th at 17:00 (UTC+8). The deposit channel for SLX is now open, and trading will open on May 25th at 22:00 (UTC+8).

Odaily Planet Daily reports that South Korea will launch single-leveraged exchange-traded funds (ETFs) linked to semiconductor giants Samsung Electronics and SK Hynix this Wednesday, offering investors greater potential returns. According to documents released by the Financial Services Commission and the Financial Supervisory Service, eight asset management companies—Samsung Asset Management, Mirae Asset, Korea Investment, KB, Shinhan, Hanwha, Kiwoom, and Hana—will list a total of 16 single-leveraged and inverse ETFs based on Samsung Electronics and SK Hynix on the South Korean stock market. Mirae Asset Securities will also launch two types of ETNs. This launch comes at a time when South Korean investors are increasingly focused on leveraged products listed overseas linked to local stocks, as South Korean regulators seek to attract retail trading activity back to the domestic market. Samsung Electronics and SK Hynix are South Korea's two largest companies and are major beneficiaries of the growing demand for AI-related chips. South Korea has over 14 million retail investors, and analysts predict strong demand for the new funds amid continued high investment in AI-related sectors. Net inflows into leveraged ETFs linked to Samsung and SK Hynix could reach 5.3 trillion won. (Science and Technology Innovation Board Daily)

According to Huoxun Finance, Bitcoin rebounded from around $75,000 as the market bet on a de-escalation of tensions between the US and Iran. Traders anticipate it will challenge the $80,000 mark, triggering a large-scale short squeeze. Some traders believe that the previous drop below $75,000 was a "liquidity sweep," and the market is now returning to a short-term bullish trend. Analysis shows that a large number of highly leveraged short positions are concentrated in the $80,000 to $80,500 range. If the price continues to rise, it may trigger a new round of short squeeze. Meanwhile, expectations of a peace agreement between the US and Iran are rising, with US stock futures hitting record highs and oil prices falling. Analysts say that the easing of geopolitical risks will benefit the overall recovery of risk assets, including the crypto market, but on-chain and funding data are still sending warning signals. CryptoQuant, an on-chain analytics platform, pointed out that Binance's net Bitcoin inflows have increased significantly in the past 10 days, with monthly reserves increasing by approximately 16,000 BTC, which is usually seen as a signal of potential increasing selling pressure. In addition, US spot Bitcoin ETFs have seen continuous outflows recently, and the Coinbase premium index has turned negative, indicating weakening institutional demand in the US. Meanwhile, leveraged long positions in the market continue to increase, and funding rates remain positive. Analysts warn that against the backdrop of "ETF withdrawals, weak spot demand, and crowded leveraged long positions," the current Bitcoin rebound is more like a fragile, leverage-driven rally than a healthy bull market, and large-scale liquidations may occur in the future.

According to a report by Al Jazeera on the 25th, Odaily Planet Daily reported that Iranian officials stated the Strait of Hormuz will be opened in phases. (Xinhua)