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The first SUI ETF is listed, an SEC meeting reveals regulatory disagreements, bitcoin price drops due to employment data, US debt surpasses 30 trillions, and the IMF warns of stablecoin risks. Summary generated by Mars AI This summary was generated by the Mars AI model, and the accuracy and completeness of its content are still being iteratively improved.
On its first day of trading, the "first domestic GPU stock" saw an intraday peak increase of 502.03%, with its total market value once exceeding 300 billions RMB. Market analysis shows that a single lot (500 shares) could earn up to 286,900 RMB at the highest point.
On one hand, Vanguard Group has opened trading for Bitcoin ETFs, while on the other, CoinShares has withdrawn its applications for XRP, Solana Staking, and Litecoin ETFs, highlighting a significant divergence in institutional attitudes towards ETFs for different cryptocurrencies.
In Brief The crypto market shows signs of activity ahead of the Fed meeting. Ethereum's strong performance is sparking widespread interest. ARB Coin shows potential with consistent TVL growth.
- 06:35Matrixport: Ethereum May Repeat May's Market Trend, Light Positioning Could Drive Rapid Price SurgeAccording to ChainCatcher, Matrixport's latest weekly report shows that the current crypto market is in a "position vacuum" state, with overall positions in ETH and BTC having fallen back to low levels. Analysts pointed out that a similar light position pattern earlier this year drove prices up by about 38% within a few days, and any new exposure could lead to a faster-than-expected price increase. The report emphasizes that Ethereum's significant upgrade has fundamentally changed its economic structure, but the market response remains relatively conservative. Data shows that since May, ETH has performed strongly, with futures open interest rapidly doubling from $8 billion to $16 billion, and about 35.8% of last week's options trades were call option purchases, indicating that traders are quietly increasing their bullish positions. However, analysts also cautioned that Treasury-related buying is not as stable as before, and whether Ethereum can repeat the strong rally seen during the previous upgrade cycle remains to be seen.
- 06:35USPD protocol suffers sophisticated attack, losing approximately 232 stETH; attacker mints 98 million USPD tokensChainCatcher News: The official USPD protocol has issued an urgent security alert, confirming that its protocol has suffered a severe security vulnerability attack, resulting in unauthorized token minting and liquidity depletion. The attacker exploited an advanced attack technique called “CPIMP”, preemptively executing proxy initialization during deployment to obtain hidden administrator privileges. By installing a “shadow” implementation and manipulating event data, the attacker successfully bypassed verification tools including Etherscan. After remaining undetected for several months, the attacker used these privileges to mint approximately 98 million USPD and steal about 232 stETH. The USPD team has cooperated with law enforcement and security organizations to flag the attacker’s addresses in order to freeze the funds, and has also stated their willingness to treat the incident as a white-hat rescue: if 90% of the funds are returned, enforcement actions will cease.
- 06:35Analyst: Labor data may prompt the Federal Reserve to end its hawkish rate-cut eraAccording to Golden Ten Data, ChainCatcher reports that Daniel Loughney, an analyst at Mediolanum International Funds, stated that he expects the Federal Reserve to lower the federal funds target range by 25 basis points next week, driven by weak labor market statistics. He pointed out that recent rate cuts have been viewed as hawkish, but a weak labor market could prompt a more dovish response. The key focus will be the dot plot and the FOMC’s Summary of Economic Projections, from which market participants will look for any shifts in the Federal Reserve’s sentiment.