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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
15:44
MicroWell's stock price soared over 14%, leading the US stock market's optical communications sector.
BlockBeats News, June 8th, according to Bitget market data, the US stock optoelectronics sector saw a general increase, with POET up 8.68%, LITE up 3.82%, II-VI Technologies up 14.49%, Nokia up 3.48%, and Corning up 6.54%.
15:43
Aave faces a $292 million vulnerability, leading to an $8.45 billion bank run on deposits
Aave suffered a $292 million vulnerability attack in April 2026 due to KelpDAO's LayerZero bridge, leading to a $8.45 billion bank run on deposits within 48 hours and exposing the vulnerabilities of major DeFi platforms. Aave managed to survive the crisis by urgently raising $300 million, including 25,000 ETH provided by Aave DAO and 5,000 ETH from founder Stani Kulechov. Although the founder called this an example of the protocol’s resilience, Aave plans to introduce a modular design through the V4 upgrade to reduce risk and prevent potential cascading effects caused by future bridge failures.
15:41
The MSCI Nordic Countries Index fell by 0.4% to 387.57 points.
Among the ten sectors, the Nordic healthcare sector experienced the largest decline. Yara International ASA fell by 6.0%, making it the worst performer among Nordic stocks.
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