BTC falls below the $58000 mark

Open Standard launches Open USD, supported by over 140 companies including Visa, Stripe, Mastercard, BlackRock, and Coinbase, causing Circle's stock price to drop by over 16%. William Blair analysts Andrew Jeffrey and Adib Choudhury believe that the selling reaction is excessive, reiterating their "outperform the market" rating for Circle and pointing out that USDC has a market value of $74 billion and payment infrastructure. Circle CEO Jeremy Allaire stated that USDC is the most trusted and widely used stablecoin in the world. Tether CEO Paolo Ardoino welcomes OUSD to join the game.

Pump.fun transferred 16.43 million USDT to Kraken 7 hours ago, and has cumulatively transferred 770 million USD in stablecoins to CEX since July last year. Pump.fun has transferred 342500 SOL handling fee revenues to Kraken since mid May. (Ashes)

According to SlowMist Alert, Eldel Finance suffered a lightning loan attack due to a price source vulnerability, resulting in a loss of approximately $350000. The attacker used the latestAnswer() function to read the convertToAssets() vulnerability in the ERC4626 vault, manipulating prices by directly transferring donations and stealing approximately $350000 and some reserves from the Aave Pool. The attacker's address is 0x5842... 1c76, and the affected contracts include price sources and ERC4626 vaults.

During the period of 18:12 to 18:21 (UTC+8), the USDC Treasury issued a total of 1 billion USDCs in four installments on the Solana chain.

According to on chain analyst @ ai_9684xtpa monitoring, the new address 0x268... 476431 first hoarded 9876.38 ETH 11 hours ago, with an average price of $1559.82, and then pledged 9876.38 ETH as wstETH.