TokenInsight

The Oracle Machine of the Ethereum staking protocol Lido has been attacked, resulting in a loss of 1.5 ETH. Chorus One stated that this is an isolated incident, and Lido is not under threat. The attacker extracted 1.46 ETH, and an investigation is underway. Lido's operations are not under threat, but in the worst-case scenario, it may affect stETH holders. The Lido DAO voted to rotate the Address, but the quorum was not reached. The Oracle Machine plays an important role in Decentralized Finance, and Lido has taken multiple measures to ensure security.

Encryption investment products achieved a total net inflow of 882 million dollars for the fourth consecutive week, mainly driven by U.S. ETFs, with Bitcoin funds leading the way. The Sui fund performed excellently, with a net inflow of 11.7 million dollars, surpassing Solana. The total assets under management of global encryption investment products reached 169.3 billion dollars, close to historical highs. The overall market is driven by factors such as M2 money supply and U.S. stagflation risks, leading to rapid growth in investment scale.

Riot Platforms sold a large amount of 475 BTC in April, with a net income of approximately $38.8 million. The company reported total revenue of $161.4 million for the first quarter, but a net loss of $296.4 million. As of May 5, Riot holds 19,211 BTC, making it one of the largest corporate Bitcoin holders. The company stated that it will continue to monitor the market and maintain its long-term Bitcoin strategy. Due to increased mining costs, the company’s stock price fell by 4% at the time the news was released.

Ark Invest uses a new experimental approach to predict that by 2030, the price of Bitcoin in a bull run could reach $2.4 million, which is much higher than the previous prediction of $1.5 million. The report also mentions price forecasts under different market scenarios, as well as modeling of the rise rate and market models. Analysts point out that Bitcoin plays different roles as digital gold under various market conditions, and the use of Bitcoin in emerging markets is also an important factor. The study highlights the importance of Bitcoin's scarcity and the significance of lost supply in valuation models.

The supply of USDC is rapidly rising, with increasing attention on regulatory transparency and institutional appeal. Ethereum is the primary chain for stablecoins, and USDC, due to its regulatory transparency, attracts institutional investors, accelerating its growth. USDT still dominates the market, but under the influence of regulatory entities and Decentralized Finance protocols, institutions are leaning more towards USDC, indicating a shift in market preference. The development of USDC is related to Circle's IPO plans, which may further solidify its position as the preferred stablecoin for institutions.

Eliza Labs has launched a new platform called auto.fun, similar to the launch platform pump.fun, allowing users to deploy complex AI agents without any technical skills.
To support these agents, auto.fun adopts a token launch mechanism that is "fairer than fair," aimed at promoting a sustainable economy.
auto.fun platform overview
Eliza Labs' auto.fun platform aims to create, deploy, and monetize AI agents through a "sustainable" token economy. The platform enables non-technical users to access complex Web3 operations, providing a no-code builder that allows anyone to create autonomous AI agents capable of performing tasks on social media platforms, DeFi applications, and other Web3 services. This approach is in line with pump.fu.

Canada is set to launch its first Spot Solana ETF, which will offer staking features, expected to be listed on April 16. U.S. asset management firms are also competing to submit Solana ETF applications. Previously, Volatility Shares launched two Solana futures ETFs, but they managed less assets. The performance of Solana ETFs in the U.S. has been poor, and the issuance in Canada will trigger competition among alternative tokens.

The Floor Price of the Bitcoin NFT Quantum Cats has sharply fallen after the Taproot Wizards minting incentives ended, with a decline of 54% compared to the relative stability of other Bitcoin NFTs like NodeMonkes and Bitcoin Puppets. The Taproot Wizards minting event provided discounts that stimulated the holders of Quantum Cats, but after the minting ended, it lost momentum, leading to sales. This event brought the price of Quantum Cats closer to its peers, ending a long-standing premium.