Ethereum drops below $2,200, down 6.1% in 24 hours.

Right after the Binance hack, trader 0x8add went short 22,047 $ETH ($48.89M) and 620.7 $BTC ($47.89M) with max leverage. He's now sitting on $2.29M in unrealized profit.

According to Lookonchain’s monitoring, following the Binance hack incident, trader 0x8add opened a fully leveraged short position on 22,047 ETH (valued at $48.89 million) and 620.7 BTC (valued at $47.89 million), with an unrealized profit of approximately $2.29 million so far.

According to HTX market data, BNB has fallen below the $700 threshold, with its 24-hour decline widening to 7.21%.

A 2026 empirical study from USENIX Security found that roughly 63% of around 3.66 million early EIP-7702 authorization transactions across seven blockchains were linked to malicious contracts, with confirmed losses exceeding $2.3 million and 924 malicious contracts identified. Most attacks tricked users via phishing to sign authorizations, delegating their wallets to token-sweeping contracts. This study directly contrasts with today’s abnormal Binance hot wallet outflow incident. On-chain analysis shows attackers used EIP-7702 authorizations signed via Binance 14 and other hot wallets to delegate to pre-deployed malicious sweeper contracts, then bulk transferred assets within minutes (multi-source estimates put the total at billions of dollars, with Tether, Circle and others freezing some stablecoins). Whether due to private key leaks or signature system abuse, this incident confirms the study’s core risk: once a valid authorization signature is obtained, EIP-7702 grants attackers persistent execution control over accounts until revoked.

Polymarket Perps has launched the ANTHROPIC-USD pre-market perpetual contract, which supports up to 10x leverage and is settled in pUSD. The contract uses Hyperliquid’s io:ANT market as its reference price, and is scheduled to convert to a standard perpetual contract after Anthropic completes its IPO.

Machi(@machibigbrother) was liquidated 8 times over the past 6 hours, wiping out all his positions. Machi woke up to find just $1.50 left in his Hyperliquid account.