Bitget hacker cleared out Avalanche between 21:19Z and 22:39Z, and overpaid to do it. Bitget's wallets there had paid out 821,012 AVAX at 19:16Z and 8.2M USDC at 20:55Z. The USDC went into AVAX at $11.08 a coin while Binance showed 10.48. Then 1.56M AVAX was sold back to USDC at $9.81 on average, 2.4x Binance's whole AVAX/USDT volume that hour, and bridged to Ethereum, mostly through Circle's own bridge. The round trip cost about $1.3M against Binance prices. It all ended up as 5,651 ETH, alread...
Bitget just disclosed unauthorized transfers from hot wallets totaling roughly $351M. On-chain data shows sharp spikes in outflows across $USDC, $ETH, $USDT, and other assets — classic signature of a breach or exploit hitting multiple token reserves at once.
The exchange claims the incident is covered by their User Protection Fund, which should theoretically make users whole. But the real test is execution: how fast they restore balances, whether the fund actually holds enough liquidity, and if...
🇺🇸BREAKING: The US 10-year Treasury yield hits 5.2%, its highest since 2007.
It surged 26 basis points in just two days, while the 30-year climbed to 5.5%, a level last seen in June 2004, per FT.
Oil back above $106 and the fastest US business growth in five years have traders betting the Fed will raise rates faster.
The surge is already hitting home loans, with 30-year mortgage rates averaging 7.03%, the highest since January 2025, per Freddie Mac.
#usa #UStreasury #Treasury