Echo Protocol: Monad Deployment Admin Key Compromised, Around $816,000 in Assets Affected
On May 19, Echo Protocol announced unauthorized activity was detected in its eBTC deployment on Monad, leading to abnormal minting and fund losses. Initial investigations trace the issue to a compromised administrator key tied to the Monad deployment, with approximately $816,000 in assets confirmed affected.
Echo clarified the Monad network itself wasn’t hacked and remains fully operational. The team has since regained control of the admin key and burned the remaining 955 eBTC held by the attacker.
The project team further noted:
? The incident is limited exclusively to the Monad deployment
? No evidence has linked the Aptos side to impacts
? aBTC on Aptos and eBTC on Monad are separate, non-bridgable assets
? Current risk exposure on Aptos stands at roughly $71,000
As an extra security measure, Echo has temporarily paused cross-chain operations for its Monad deployment and started upgrading relevant EVM bridge contracts and permission control mechanisms. The team also warned users
8 minutes ago
Report: One Quarter of US Employees Have Used AI at Work, Cryptocurrency Still Mainly for Investment
May 19 – The Federal Reserve on Monday published its 2025 U.S. Household Economic Well-being Report, which underscores generative AI’s rapid integration into the American workforce. The survey found roughly 25% of U.S. workers have used generative AI on the job over the past month, with far higher adoption rates among highly educated professionals. Most AI users believe the tool boosts work efficiency and supports career growth, rather than directly replacing jobs.
The report also notes cryptocurrency remains primarily used for investment purposes. Under its "Banking and Payments" section, the Federal Reserve continues to designate crypto as a key monitoring area, tracking its application across investments, everyday payments, and financial services.
Overall, U.S. residents’ financial well-being holds steady, but financial pressures have increased for younger individuals, low-income households, and Black communities. Inflation remains the top financial concern, while job anxiety has
8 minutes ago
The US Spot Bitcoin ETF Sees Highest Single-Day Outflow Since January
On May 19th, U.S. spot Bitcoin ETFs recorded a net outflow of roughly $648.6 million this Monday—marking their largest single-day pullback since January 29, 2026, and extending last week’s trend of around $1 billion in weekly net outflows.
Breaking down the outflows: BlackRock’s iShares Bitcoin Trust (IBIT) saw the biggest single-day drain, with approximately $448.3 million in net redemptions. Next in line were the ARK 21Shares Bitcoin ETF (ARKB) and Fidelity’s Wise Origin Bitcoin Fund (FBTC). Products from Bitwise, VanEck, Invesco, and Franklin Templeton also registered net outflows.
Analysts attribute the trend to key factors: ongoing U.S.-Iran geopolitical tensions, rising oil prices, and climbing U.S. Treasury yields. These developments have amplified market concerns about inflation’s sustainability, pushing some institutional investors to temporarily shift to safe-haven assets and lock in profits. Additionally, higher risk-free Treasury yields have dulled the appeal of Bitcoin E
8 minutes ago
「NVIDIA Challenger」 Cerebras Surges, Trader Loracle Continues to Close Out Short Positions with Take Profit
May 19: According to HyperInsight’s monitoring, prominent Hyperliquid trader “Loracle” — who shorted Cerebras (CBRS) at its peak last week — has continued taking profits and trimming his short position. The trader’s CBRS short size fell from $6.47 million to $4.38 million over the past session, and it remains the largest CBRS short position on Hyperliquid, with an unrealized gain of $487,000.
Per Bitget market data: Cerebras — the AI chip manufacturer widely dubbed the “NVIDIA Challenger” — debuted on the US stock market on May 14, trading under the ticker symbol CBRS. Its IPO price was $185 per share, and it’s currently trading at $303.5.
8 minutes ago
30-Year Treasury Yield Nears Historic High, Global Bond Investors Struggle with 'Yield Surge' and Sell-Off Risks
May 19 — The 30-year U.S. Treasury yield has climbed to roughly 5.14%, near a 16-year high last reached in 2007, leaving the global bond market deeply split. While some institutional investors argue long-term U.S. bonds offer attractive value right now, a growing cohort of market participants is concerned that persistent inflation, widening U.S. fiscal deficits, and unrest in the Middle East will drive yields even higher.
Goldman Sachs notes that key metrics for long-term U.S. bonds make them a worthwhile portfolio allocation, though the bank is advising caution. Barclays, however, forecasts the 30-year Treasury yield could rise above 5.5%. BlackRock’s research arm, meanwhile, is recommending trimming holdings of developed-market bonds overall, including U.S. Treasuries.
Market analysts attribute rising long-term bond term premiums to surging energy prices, ballooning U.S. fiscal deficits, and stubborn inflation momentum — developments that are eroding confidence in the widely held “
8 minutes ago
ZachXBT Alerts Spartans of Risk: Founder's BlockDAG Project Suspected to Have Pivoted to Casino Business
May 19, on-chain detective ZachXBT issued a warning, stating that "Gambling on Spartans is, in itself, an IQ test," and questioning the project team’s alleged long-term rug pull behavior.
ZachXBT pointed out that Gurhan Kiziloz, a key figure tied to Spartans, previously ran BlockDAG Network—an entity that hadn’t launched its mainnet or mining products in years. Even so, the team pushed a presale touting "300x returns" and secured at least $3.5 billion from inexperienced retail investors.
He further noted that BlockDAG has recently pivoted to a gambling-focused business model, raising suspicions that the platform may be used to "legitimize BlockDAG’s fund origins," including routing funds through excessive fees paid to employees and KOLs.
Prior to this, several community members and content creators had publicly criticized Spartans’ marketing strategies and lack of operational transparency, cautioning users about potential rug pull risks.
8 minutes ago
App Store
Profile
Security
Sign Out
Feeds
Articles
Source
Add to Favorites
Download image
Share x
Copy link
