CoinEx Daily: Largest Crypto Hack in History Over the Weekend, Bybit Loses $1.5 Billion

Overview

The largest crypto hack in history occurred over the weekend, with Bybit losing a total of 514,723 ETH and various ETH derivatives, amounting to $1.5 billion.

Daily Macro

Bitcoin Performance: Bitcoin remained stable with no major fluctuations, hovering around $96,000.

Bitcoin ETF: Bitcoin ETF saw a net outflow of $50.4M last Friday.

Ethereum ETF: Ethereum ETF saw a net outflow of $8.9M last Friday.

Macroeconomic Data: Federal Reserve Chair Goolsbee stated that more economic data is needed to determine the inflation outlook.

Daily Focus

Bybit

Reason for Attention: Bybit lost $1.5 billion in what could be the largest hack in crypto history, surpassing Axie’s 2022 record. The incident has caused market panic, leading to short-term ETH price fluctuations, though no FTX-level withdrawals have occurred.

Token Performance: ETH: -0.85% (24h)

How to Participate: Given the massive ETH theft, the market may experience significant sell pressure, potentially leading to ETH price volatility. Investors should closely monitor price movements.

Next Focus

Kanye

Reason for Attention: Yesterday, renowned cultural icon Kanye West posted on social media, stating that all existing Ye-related meme coins are fake and that he will launch his own meme token next week.

How to Participate: Kanye’s token announcement has garnered widespread attention. Investors should follow Kanye’s personal social media for potential investment opportunities.