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After being inactive for over a year, a certain address spent 5.81 million USDC to purchase 2,570 ETH.
Odaily reported that, according to monitoring by Lookonchain, after being inactive for over a year, a certain address spent 5.81 million USDC to purchase 2,570 ETH at an average price of $2,261 seven hours ago.
Odaily reported that, according to monitoring by Lookonchain, after being inactive for over a year, a certain address spent 5.81 million USDC to purchase 2,570 ETH at an average price of $2,261 seven hours ago.
An address spent 5.81 million USDC to purchase 2,570 ETH after a year of inactivity
According to Foresight News, based on monitoring by Lookonchain, the address starting with 0xB476, after being inactive for over a year, spent 5.81 million USDC seven hours ago to purchase 2,570 ETH at an average price of $2,261 each.
According to Foresight News, based on monitoring by Lookonchain, the address starting with 0xB476, after being inactive for over a year, spent 5.81 million USDC seven hours ago to purchase 2,570 ETH at an average price of $2,261 each.
Today's Fear & Greed Index drops to 42, indicating the market has shifted to a "fear state"
Aave and Kelp complete the initial steps of the rsETH technical recovery plan, burning the attacked rsETH on Arbitrum.
ChainCatcher reports that Aave stated the initial steps of the rsETH technical recovery plan have been completed, including the destruction of the rsETH held by the attacker on Arbitrum. In the coming days, relevant parties will gradually add funds to LayerZero's OFT adapter and restart rsETH-related operations in phases.
Kelp previously stated it has completed a series of rsETH endorsement recovery steps with Aave and plans to gradually inject 117,132 rsETH from Aave Recovery Guardian and Kelp Recovery Safe into the LayerZero OFT adapter on the Ethereum mainnet.
ChainCatcher reports that Aave stated the initial steps of the rsETH technical recovery plan have been completed, including the destruction of the rsETH held by the attacker on Arbitrum. In the coming days, relevant parties will gradually add funds to LayerZero's OFT adapter and restart rsETH-related operations in phases.
Kelp previously stated it has completed a series of rsETH endorsement recovery steps with Aave and plans to gradually inject 117,132 rsETH from Aave Recovery Guardian and Kelp Recovery Safe into the LayerZero OFT adapter on the Ethereum mainnet.
Samsung Electronics plans to mass-produce CXL 3.1 memory modules in the fourth quarter
Soaring chip stocks suffer heavy losses as the Philadelphia Semiconductor Index plunges 6% at one point, but momentum correction is unlikely to disrupt the "AI bull market narrative".
Ethereum Foundation supports Clear Signing cryptographic security solution
According to ChainCatcher, as reported by The Block, the Ethereum Foundation is promoting the standardization of the Clear Signing security solution. It has launched a public registry for submitting and distributing contract descriptors, designated ERC-7730 proposed by Ledger as the shared format, and is hosting a toolkit to support Clear Signing.
Clear Signing aims to replace "blind signing," allowing users to read transaction descriptions before approval. For example, displaying "Swap 100 USDC for 0.05 ETH on Uniswap" instead of opaque hexadecimal data. The Ethereum Foundation stated that transactions should provide clear, human-readable, and structured descriptions so that wallets can reliably present this information to users. To achieve this, ERC-7730 will serve as an open standard and clearsigning.org will act as a public descriptor registry. Anyone can submit contract descriptors, which will be reviewed and certified by independent security experts. Wallets can extract the verified descriptions to clearly present them to users, and this solution is compatible with existing contracts since the descriptors are stored off-chain in the registry.
According to ChainCatcher, as reported by The Block, the Ethereum Foundation is promoting the standardization of the Clear Signing security solution. It has launched a public registry for submitting and distributing contract descriptors, designated ERC-7730 proposed by Ledger as the shared format, and is hosting a toolkit to support Clear Signing.
Clear Signing aims to replace "blind signing," allowing users to read transaction descriptions before approval. For example, displaying "Swap 100 USDC for 0.05 ETH on Uniswap" instead of opaque hexadecimal data. The Ethereum Foundation stated that transactions should provide clear, human-readable, and structured descriptions so that wallets can reliably present this information to users. To achieve this, ERC-7730 will serve as an open standard and clearsigning.org will act as a public descriptor registry. Anyone can submit contract descriptors, which will be reviewed and certified by independent security experts. Wallets can extract the verified descriptions to clearly present them to users, and this solution is compatible with existing contracts since the descriptors are stored off-chain in the registry.
Japanese and South Korean Stock Markets Open Lower, KOSPI Index Falls 1.69%
On May 13, the Nikkei 225 index opened down 0.56%, at 62,392.94 points; the South Korean KOSPI index fell 1.69%, at 7,513.65 points. (Dongxin News Agency)
On May 13, the Nikkei 225 index opened down 0.56%, at 62,392.94 points; the South Korean KOSPI index fell 1.69%, at 7,513.65 points. (Dongxin News Agency)
The U.S. Senate confirms Kevin Warsh as a member of the Federal Reserve Board
According to Odaily, the US Senate has confirmed Kevin Warsh as a member of the Federal Reserve Board of Governors, with 51 votes in favor and 45 against. Pennsylvania Senator John Fetterman was the only Democratic senator to support him. Kevin Warsh, who is 56 years old, will also face a separate Senate vote as a candidate for Chair of the Federal Reserve.
Current Chair Jerome Powell's eight-year term will expire this Friday. During the ongoing federal investigation into the renovation of the Federal Reserve headquarters, Jerome Powell plans to continue serving on the Board of Governors.
Kevin Warsh has previously held investments in cryptocurrency and blockchain companies and has promised to largely divest these holdings. As the Federal Reserve considers regulatory rules related to stablecoins, crypto asset custody by banks, and digital payment systems, this background makes him a senior Federal Reserve official familiar with the digital asset sector.
According to Odaily, the US Senate has confirmed Kevin Warsh as a member of the Federal Reserve Board of Governors, with 51 votes in favor and 45 against. Pennsylvania Senator John Fetterman was the only Democratic senator to support him. Kevin Warsh, who is 56 years old, will also face a separate Senate vote as a candidate for Chair of the Federal Reserve.
Current Chair Jerome Powell's eight-year term will expire this Friday. During the ongoing federal investigation into the renovation of the Federal Reserve headquarters, Jerome Powell plans to continue serving on the Board of Governors.
Kevin Warsh has previously held investments in cryptocurrency and blockchain companies and has promised to largely divest these holdings. As the Federal Reserve considers regulatory rules related to stablecoins, crypto asset custody by banks, and digital payment systems, this background makes him a senior Federal Reserve official familiar with the digital asset sector.
CITIC Securities: Low Risk of Secondary Inflation in the U.S., but High Oil Prices Will Limit Inflation Rate Decline This Year
On May 13, CITIC Securities reported that U.S. inflation remained elevated in April, with ongoing spillover effects from the Middle East conflict and a compensatory rise in rental inflation pushing up core readings. High inflation continues to erode the real purchasing power of American households, with low-income families facing a stronger cost shock, leading to a return to negative growth in real hourly wages for the first time in three years. We believe the risk of secondary inflation in the U.S. is low, but high oil prices will constrain the room for inflation rate decline this year. Under the baseline scenario, we still expect the Federal Reserve to cut interest rates by 25 basis points this year. Currently, U.S. Treasuries are more suitable for trading opportunities, while U.S. stocks may face short-term risks of profit-taking as the strong earnings season approaches its end. The U.S. dollar index may experience weak fluctuations below 100 but is not expected to decline continuously.
On May 13, CITIC Securities reported that U.S. inflation remained elevated in April, with ongoing spillover effects from the Middle East conflict and a compensatory rise in rental inflation pushing up core readings. High inflation continues to erode the real purchasing power of American households, with low-income families facing a stronger cost shock, leading to a return to negative growth in real hourly wages for the first time in three years. We believe the risk of secondary inflation in the U.S. is low, but high oil prices will constrain the room for inflation rate decline this year. Under the baseline scenario, we still expect the Federal Reserve to cut interest rates by 25 basis points this year. Currently, U.S. Treasuries are more suitable for trading opportunities, while U.S. stocks may face short-term risks of profit-taking as the strong earnings season approaches its end. The U.S. dollar index may experience weak fluctuations below 100 but is not expected to decline continuously.