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Ether options’ implied volatility remains elevated, analysts say
Ether options’ implied volatility remains elevated, analysts say

Uncertainty around the future price of ether has kept its options implied volatility elevated, according to analysts.Bitcoin’s implied volatility has seen a substantial reduction, indicating a trend toward stability in the bitcoin market.

The Block·2024/05/07 11:16
South Korea’s winning party moves toward bitcoin ETF promise: report
South Korea’s winning party moves toward bitcoin ETF promise: report

South Korea’s opposition Democratic Party plans to move forward in its election pledge to make spot crypto funds accessible in the country.Local financial regulators currently see no legal basis for the local issuance and trade of spot crypto ETFs.

The Block·2024/05/07 09:46
Crypto Markets Lost $60 Billion as Bitcoin (BTC) Dropped by $3K (Market Watch)
Crypto Markets Lost $60 Billion as Bitcoin (BTC) Dropped by $3K (Market Watch)

The total crypto market cap is down below $2.5 trillion once more.

Cryptopotato·2024/05/07 09:40
Bitcoin trader flags key levels as BTC price attacks $64K liquidity
Bitcoin trader flags key levels as BTC price attacks $64K liquidity

BTC price eats away at positions as Bitcoin bulls attempt to carve a path higher.

Cointelegraph·2024/05/07 09:34
LayerZero Labs CEO confirms employees are forbidden from claiming upcoming airdrop
LayerZero Labs CEO confirms employees are forbidden from claiming upcoming airdrop

The CEO of LayerZero Labs confirmed that employees are ineligible to claim the project’s upcoming airdrop. LayerZero Labs completed the initial snapshot for its token airdrop on May 1.

The Block·2024/05/07 07:52
Hong Kong’s spot bitcoin ETFs see first outflows, solely from ChinaAMC
Hong Kong’s spot bitcoin ETFs see first outflows, solely from ChinaAMC

ChinaAMC’s spot bitcoin exchange-traded fund saw 75.36 BTC leave the product on Monday.The other two ETFs recorded zero inflows.

The Block·2024/05/07 07:23
Flash
08:44
Revolut has officially launched Pendle
BlockBeats News, June 9th, according to an official announcement from Pendle, Europe's largest fintech company Revolut has officially launched Pendle. Currently, around 20 million crypto users in the UK, EU, Norway, Iceland, and Liechtenstein can directly access Pendle through their everyday banking app to trade within regulated channels without the need for a DeFi front end.
08:43
Onshore Renminbi Against US Dollar Closed at 6.7702 on June 9
On June 9, at 16:30, the onshore Renminbi against the US dollar closed at 6.7702, an increase of 142 points compared to the previous trading day.
08:01
Cyvers: Humanity Attacked, Suspected Key Leak Grants Admin Access to Attackers
On June 9, Cyvers s reported that the authentication protocol Humanity was attacked, resulting in a loss of approximately $30 million. The root cause appears to be a leak of private keys, which granted attackers administrative access. As a result, multiple wallets controlled by the protocol on the Ethereum and BNBChain networks were emptied. After a contract upgrade, the attackers abused the minting function to create 100 million $H tokens. Subsequently, the attackers exchanged the $H tokens for $BNB and $ETH, transferring the stolen funds to multiple wallets.
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