BlockBeats News: On April 28th, according to crypto community member Cat (@ 0xCat_Crypto), a Web3 startup project had hundreds of thousands of USDT transferred due to the inclusion of a hard coded authorized wallet address in its smart contract code. In the incident, an employee submitted suspicious contract code, but the employee denied writing the relevant code, stating that the malicious code was generated automatically by an artificial intelligence programming assistant and had not been thoroughly reviewed. At present, the ownership of the wallet involved cannot be confirmed, and the coding subject is also difficult to identify. SlowMist Cosine stated in a post that after preliminary investigation, it was found that the addresses automatically completed by AI in the environment using the Cursor and Claude 3.7 models did not match the malicious addresses involved, ruling out the possibility of AI code generation causing harm. The malicious address was granted the rights of the smart contract owner, resulting in the complete transfer of project funds.

BlockBeats News: On April 28th, NAVI Protocol, a one-stop liquidity protocol for the Sui ecosystem, announced its participation in SuiBasecamp. Protocol co-founder Elliscope will attend the conference and deliver a keynote speech titled "Lessons Learned: How NAVi is Building Sui DeFi at Scale" at 10:30 local time on May 2nd. SuiBasecamp will be held in Dubai on May 1-2, with key members of the Mysten Labs team and members of the Sui Ecological Star Agreement team in attendance.

The current BTC price is in the key support zone around 94000 in the 1-hour cycle, and the member specific chip distribution indicator shows a clear accumulation of chips in this zone, indicating a fierce game between long and short sides. Considering that the recent support and resistance levels are only 0.12% -0.14% apart, the price fluctuation space has been significantly compressed, and the risk of turning around has intensified. At the same time, the K-line pattern showed a bottom pattern and a combination of black three soldiers, combined with a dead cross below the MACD zero axis, further verifying the downward pressure. By opening a membership, you can obtain accurate chip distribution data, helping you lock in buying and selling points in advance! Exclusive chip distribution, insight into the main trend, seize the opportunity! The data is sourced from the PRO member's [BTC/USDT Binance 1-hour] candlestick, for reference only, and does not constitute any investment advice.

According to Bitcoin.com, asset management company Grayscale met with the SEC's crypto working group on April 21 to apply for permission to pledge its Ethereum ETF (ETHE and ETH). The company stated that due to regulatory restrictions, it has lost approximately $61 million in potential returns on its $8.1 billion assets under management from product launch until February 2025. Grayscale presents three arguments: 1) Similar products in Europe and Canada have been successfully pledged; 2) Pledge can enhance Ethereum network security; 3) A risk control plan including 'liquidity reserve' has been developed. Coinbase Custody will provide technical support to mitigate the risk of confiscation. The current US spot Ethereum ETP cannot fully reflect the underlying asset value due to the prohibition of staking. Grayscale calls on the SEC to update regulatory rules based on traditional financial products.

According to SoSoValue data, the Ethereum spot ETF had a net inflow of $157 million last week from April 21st to April 25th Eastern Time. The Ethereum spot ETF with the highest weekly net inflow last week was the Fidelity ETF FETH, with a weekly net inflow of $68.59 million. Currently, FETH's total historical net inflow has reached $1.43 billion. Next is the Blackrock ETF ETHA, with a weekly net inflow of $64.18 million and a total historical net inflow of $4.11 billion. The Ethereum spot ETF with the highest net outflow in a single week last week was the Grayscale Ethereum Trust ETF ETHE, with a weekly net outflow of $32.02 million. Currently, the total net outflow of ETHE in history has reached $4.28 billion. As of the time of writing, the total net asset value of the Ethereum spot ETF is $6.14 billion, and the ETF's net asset ratio (market value compared to Ethereum's total market value) is 2.83%. The historical cumulative net inflow has reached $2.4 billion.