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Lending protocol Sonne Finance faces $20 million exploit, pauses markets on Optimism
Lending protocol Sonne Finance faces $20 million exploit, pauses markets on Optimism

The decentralized lending protocol said in a post-mortem report that it suffered an exploit that resulted in losses of $20 million. The team added it’s ready to offer a bounty to the attacker in exchange for return.

The Block·2024/05/15 06:04
Bitcoin Won’t Pump Again Until The Fed Cuts Rates, Says Mike Novogratz
Bitcoin Won’t Pump Again Until The Fed Cuts Rates, Says Mike Novogratz

Bitcoin will likely chop between $55,000 and $75,000 until the market gets a “new narrative,” Galaxy’s CEO believes.

Cryptopotato·2024/05/15 00:49
Flash
  • 21:29
    ETH breaks through $3400, with an intraday increase of 2.00%
    The market shows that ETH has broken through $3400, currently quoted at $3401.10, with an intraday increase of 2.00%.
  • 21:28
    Federal Reserve Beige Book: Employment overall is on the rise, future uncertainty increases
    The Federal Reserve's Beige Book noted that during the reporting period, overall employment saw a slight increase. Six Federal Reserve districts reported a slight increase in employment numbers, while six districts reported no change. Respondents from several service industries, including healthcare, continued to report growth in employment. Employment in the construction industry slightly increased, while manufacturing employment remained steady. Respondents from various industries pointed out difficulties in finding skilled workers and layoffs were still rarely reported. However, some respondents from reserve districts showed greater uncertainty about future staffing needs. The wage growth rate accelerated to a moderate level in most reserve districts, although there were also reports of easing wage pressure.
  • 21:25
    Over the past hour, more than 50 million US dollars have been liquidated across the entire network, mainly short positions
    Coinglass data shows that in the past 1 hour, a total of $50.6096 million has been liquidated across the network, including $13.7635 million from long positions and $36.8461 million from short positions.In addition, in the past 1 hour, ETH has been liquidated by $22.7998 million and BTC by $5.8789 million.
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