Bankr Developer: Plans to Launch Bankr Fund to Invest in High-Quality Ecosystem Projects
May 24: Bankr developer @0xDeployer announced plans to launch the Bankr Fund, which will allocate real capital to top-tier projects within the Bankr ecosystem. The fund’s first investment is expected to take place in the coming weeks.
Recently, several high-quality AI projects in the Base ecosystem have released tokens via the Bankr platform. Projects such as LFI and GITLAWB have quickly gained market recognition, with each boasting a market capitalization exceeding $20 million.
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StablR Stablecoin Deanchors After Attack, Attacker Makes $2.8 Million Profit
On May 24, stablecoin issuer StablR suffered a sustained attack that caused its euro-pegged EURR and dollar-pegged USDR to lose their pegs.
Blockchain security firm Blockaid reports the attacker allegedly seized control by compromising one private key for the minting multisig account, replacing other admins via the protocol’s 1-of-3 signature setup, then minted an extra 8.35 million USDR and 4.5 million EURR.
The attacker subsequently swapped roughly $10.4 million worth of the ill-gotten tokens on a decentralized exchange (DEX) for approximately 1,115 ETH, pocketing an estimated $2.8 million in profit. In the wake of the breach, EURR slumped to around $0.88, while USDR fell to roughly $0.70.
Blockaid clarified the incident wasn’t due to a smart contract vulnerability – instead, it resulted from failures in key management and governance processes.
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The Cosmos ecosystem chain Evmos has halted operations on the 18th.
May 24 — Evmos, a Cosmos ecosystem chain, successfully halted block production and validator operations around May 18 at block height 37318000 via the "Evmos Shutdown" proposal. Currently, the Evmos block explorer, official website, and other related services are inaccessible.
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Next Week Macro Outlook: US-Iran Agreement May See "Phase One Deal," US-Japan Interest Rate Path Expected to Become Clearer
May 24. After nearly three months of conflict, Iran, the U.S., Pakistan, and several international media outlets signaled Saturday that negotiations are making progress, with all parties moving toward milestone outcomes. Should this trend continue to be confirmed and implemented next week, risk appetite could return to capital markets, leading to a rally in U.S. equities and cryptocurrencies.
On the macro front, top officials from the U.S. Federal Reserve and Bank of Japan (BoJ) will deliver speeches next week, offering further clarity on near-term interest rate expectations. Key upcoming events include:
- Tuesday, 10:00 PM ET: U.S. Conference Board May Consumer Confidence Index
- Wednesday, 8:00 AM JST: BoJ Governor Haruhiko Kuroda speaks at the bank’s Monetary Policy Meeting
- Wednesday, 8:15 PM ET: ADP U.S. Employment Change for the week ended May 9
- Thursday, 8:30 PM ET: Canada’s Q1 Current Account; U.S. initial jobless claims for the week ended May 23; U.S. April Core PCE Price
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Iran National Football Team Moves World Cup Base from USA to Mexico
May 24 (Xinhua) — Mehdi Taj, president of Iran’s Football Federation, announced on Wednesday (May 23) that FIFA has approved relocating Iran’s FIFA World Cup base camp from Tucson, Arizona in the United States to Tijuana, Mexico.
In a statement released by Iran’s Football Federation, Taj noted the move was prompted by difficulties the national team faced obtaining visas for its original U.S. base. The Iranian side asked FIFA to shift the camp to Tijuana, and local preparations in the Mexican city have already been completed.
Tijuana lies on Mexico’s border with the United States, roughly 20 kilometers from San Diego, California.
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Base AI developers use Agent to dissect SpaceX's financial report embellishment details, taking 12 minutes and costing $1.87
May 24 — Base Ecosystem AI Builder Nick Prince shared today that he used his AI tool, agentic.market, to produce a SpaceX Investment Memorandum uncovering unreported financial details about the aerospace firm.
Key takeaways from the memo: SpaceX’s listed long-term debt is $29.1 billion, but Prince says the actual figure is around $42 billion — including a $20 billion SpaceX Bridging Loan due in September 2027, which was used to fund the xAI acquisition.
The company also has three major outstanding commitments, including a $19.6 billion EchoStar Spectrum Commitment and the Cursor (Anysphere) Option Agreement, among others.
In SpaceX’s 2025 financial statements, the management team artificially inflated Adjusted EBITDA by approximately $9 billion, Prince alleges, by improperly deducting depreciation, equity incentives, and segment-specific projects.
The entire memo took only 12 minutes to create and cost just $1.87, paid via the x402 protocol. For background: agentic.market is a publ
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