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The treasury of the web3 gaming platform Gala Games appears to have been hacked Monday. Someone minted 5 billion GALA tokens worth over $200 million. GALA fell nearly 15% following the exploit.
Bloomberg ETF analysts view the possibility of the U.S. government approving spot ether ETFs as improving to 75% based on the possibility of shifting political winds.
Ether price volatility is expected to increase in the lead-up to this week’s spot ETF decision deadlines, with VanEck’s on Thursday and Ark Invest/21Shares’ on Friday.
Controversial digital asset firm Prometheum has soft-launched ether custody services with a small group of companies.Prometheum plans to fully launch custody services by the first week of June.
Grayscale CEO Michael Sonnenshein is stepping down as CEO to “pursue other interests,” the firm said.Though the exact reasons for his departure remain unclear, the firm’s spot bitcoin ETF GBTC has seen swathes of investors exit despite inflows increasing.Former Goldman Sachs exec Peter Mintzberg will join as Grayscale’s CEO on Aug. 15, 2024.
- 23:28The trend of slow and steady bond selling in the United States may continueGolden Finance reports that UBS Group strategist Bhanu Baweja and others have stated that the sale of US bonds since September has been characterized by a "slow and steady" nature, which should "cause concern for bond bulls". "Volatility remains low, although there are concerns, there is no panic," they wrote in the report. They warned that "the slow oscillating nature of the sell-off could mean it may continue."
- 23:01Bloomberg Analyst: Litecoin ETF Has Fulfilled All Conditions, May Become First Torrent ETF in 2025Eric Balchunas, Senior ETF Analyst at Bloomberg, said in a social media post, “The Litecoin ETF has now met all the conditions and the countdown is on for the first Walled Coin ETF in 2025. I don't see any reason to withdraw the application, especially since the SEC has commented on the S-1 filing, Litecoin is considered a commodity, and the SEC has new leadership.”
- 23:0197.3% probability that the Fed will leave interest rates unchanged in JanuaryAccording to the CME “Fed Watch”, the probability that the Fed will keep interest rates unchanged in January is 97.3%, and the probability of cutting rates by 25 basis points is 2.7%. The probability of keeping the current interest rate unchanged in March is 70.1%, the probability of a cumulative 25 basis point cut is 29.2%, and the probability of a cumulative 50 basis point cut is 0.7%.