An attacker broke into three hot wallets and one cold wallet, swapping everything into ETH within minutes, some of it at 5% above market price. Those wallets still hold $530 million.
🚨CRYPTO OUTPERFORMED EVERY OTHER ASSET THIS QUARTER.
$ETH is up 70% and $BTC is up 43%.
Meanwhile, semiconductor stocks are down 7% and KOSPI is down nearly 16%. Gold is up 8% Silver is up 12%. But those gains look very small next to crypto.
Gasless stablecoin transfers now work at the protocol level, and confidential transfers are coming this month, keeping amounts private while settlement stays verifiable.
At the same time, SUI has broken out of a 9-month downtrend.
IMO, some consolidation here would be healthy before another move higher, with $1.50 being the level I’m watching next.