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Web3 gaming platform Gala Games loses over $200 million in potential exploit, GALA plummets 15%
Web3 gaming platform Gala Games loses over $200 million in potential exploit, GALA plummets 15%

The treasury of the web3 gaming platform Gala Games appears to have been hacked Monday. Someone minted 5 billion GALA tokens worth over $200 million. GALA fell nearly 15% following the exploit.

The Block·2024/05/20 22:19
Ethereum ETFs' odds of approval improve as it appears Biden admin perhaps wants to appear more crypto friendly: Bloomberg ETF analyst
Ethereum ETFs' odds of approval improve as it appears Biden admin perhaps wants to appear more crypto friendly: Bloomberg ETF analyst

Bloomberg ETF analysts view the possibility of the U.S. government approving spot ether ETFs as improving to 75% based on the possibility of shifting political winds.

The Block·2024/05/20 20:49
Ether price volatility set to increase in lead-up to this week's ETF decision deadlines, analysts say
Ether price volatility set to increase in lead-up to this week's ETF decision deadlines, analysts say

Ether price volatility is expected to increase in the lead-up to this week’s spot ETF decision deadlines, with VanEck’s on Thursday and Ark Invest/21Shares’ on Friday.

The Block·2024/05/20 15:31
Prometheum soft-launches ether custody services, treating it as a security
Prometheum soft-launches ether custody services, treating it as a security

Controversial digital asset firm Prometheum has soft-launched ether custody services with a small group of companies.Prometheum plans to fully launch custody services by the first week of June.

The Block·2024/05/20 14:34
Grayscale CEO Michael Sonnenshein departs role, former Goldman Sachs exec to step in
Grayscale CEO Michael Sonnenshein departs role, former Goldman Sachs exec to step in

Grayscale CEO Michael Sonnenshein is stepping down as CEO to “pursue other interests,” the firm said.Though the exact reasons for his departure remain unclear, the firm’s spot bitcoin ETF GBTC has seen swathes of investors exit despite inflows increasing.Former Goldman Sachs exec Peter Mintzberg will join as Grayscale’s CEO on Aug. 15, 2024.

The Block·2024/05/20 14:16
Flash
17:32
Bank of America: U.S. stock market bears frequent signals, market is nearing the top
ChainCatcher news, according to a report by Golden Ten Data, BofA Securities stated that investors should remain cautious about US stocks, as an increasing number of bear market signals indicate the market is nearing a peak. The strategist team led by Savita Subramanian pointed out in a June 5 report that about 70% of bear market signals have been triggered, and 17 out of 20 S&P 500 valuation metrics show “statistically significant overvaluation.” In addition, the strategists believe that the performance of high P/E ratio stocks has been excessively strong, indicating “signs of excessive speculation.”
17:20
The Federal Reserve's reverse repurchase operation accepts $1.832 billion
The Federal Reserve accepted USD 183.2 million from 16 counterparties in the fixed-rate reverse repurchase operation.
17:20
Bank of America warns: Surge in warning signals, it's time to "take profits"
Strategists pointed out that given the presence of “too many warning signals” (including consumer confidence data and credit stress indicators), investors are advised to “take profits.” The S&P 500 Index is currently “statistically overvalued.” Individual stocks may still have room for excess returns, but the overall market-cap-weighted index may struggle to perform. Bank of America has set a year-end target of 7,100 points for the S&P 500 Index.
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