[Oobit Freezes $100,000 EURR in StablR Exploit Incident] According to a post by Tether-backed mobile wallet Oobit on platform X, after on-chain investigator ZachXBT revealed that two of StablR's smart contracts (EURR and USDR) suffered an exploit amounting to approximately $13.5 million, the related funds attempted to exit through Oobit. Its compliance team identified the suspicious activity and successfully froze $100,000 worth of EURR funds, while also shutting down the exit channel. Oobit stated that the incident did not affect user funds, the system was not breached, and they are cooperating with StablR and investigators to address the issue. Earlier reports indicated that StablR was hacked, resulting in a loss of approximately $2.8 million, with both EURR and USDR losing their pegs.

European Central Bank Executive Schnabel stated that a rate hike in June is imperative and we cannot turn a blind eye to the soaring inflation.

Santiment data shows that the current market sentiment for XRP has reached its highest FUD level in three weeks, which has historically been seen as a reverse buying signal. （Cointelegraph）

The spot gold price fell 1% within the day, now reporting at $4524.84 per ounce.

According to Onchain Lens monitoring, Whale Evaded (@ ICanPlug) opened a 40 fold leveraged short position of 525.34 BTC one hour ago, with a position value of approximately $403 million. In addition, it opened a 5-fold leveraged multiple order of 53500 ZECs two days ago, with a position value of approximately 333 million US dollars, and currently has a floating loss of over 148 million US dollars.