Last week, funds have flowed into #Bitcoin, #Ethereum, and #Hyperliquid.

On May 25, on-chain security firm Blockaid announced it had detected a continuous attack on the SquidRouterModule across the Ethereum and Base networks. The two-hour incident drained 86 Gnosis Safe wallets, resulting in a total loss of roughly $3 million. The attacker later converted all stolen assets to DAI using a Uniswap V3 pool under their control. Blockaid added that an investigation into the breach is still ongoing. Notably, this comes shortly after Squid revealed it had closed a $6 million funding round led by North Island Ventures. Participants in the round include Ripple, Dialectic, Borderless Capital, Scenius Capital, plus angel investors backing the project such as Axelar, Ledger, Polymer Labs, Enso, and Peanut.

**EmberCN Monitor: Bhutan Sold 9,180 BTC Over 11 Months, Holds 3,021 Remaining** On May 25, data from EmberCN’s monitoring shows the Kingdom of Bhutan has gradually offloaded 9,180 Bitcoin (BTC) over the past 11 months, generating $9 billion in proceeds at an average selling price of $98,067 per BTC. Key updates: - When the Bhutanese government’s official Bitcoin mining operations ceased in early 2025, the country’s peak BTC holdings hit 12,200 units. - As of the latest report, Bhutan’s remaining BTC reserves amount to 3,021, valued at $2.34 billion.

May 25 — U.S. President Donald Trump revealed a legal filing from Washington, D.C.’s federal court in a Wednesday social media post, detailing an incident near the White House earlier this month that left one person dead and another seriously hurt. The document notes that on the evening of May 23, a gunman fired a high-caliber weapon toward the White House from a spot just outside its security checkpoint. The U.S. Secret Service responded with return fire, killing the gunman and leaving a bystander with severe injuries. Key to the filing: The May 23 attack is labeled “the second assassination attempt targeting the president in one month” — a claim the Trump administration is using to push the court to lift an existing injunction blocking the White House’s East Wing security renovation project. Planned upgrades for the project include bulletproofing, blast-resistant structures, anti-drone systems, and sniper defenses, all designed to boost overall White House security. The admi

May 25: Amid near-blockade conditions in the Strait of Hormuz, a supertanker carrying roughly 2 million barrels of Iraqi crude oil successfully navigated the restricted waterway, drawing global attention to the oil market. Swiss trading firm Lytton SA is also in the spotlight, reportedly pocketing about $60 million in gross profit from the single transaction. The vessel, named the Agios Fanourios II, was originally bound for Vietnam. It was intercepted multiple times by Iranian and U.S. forces along its route, requiring several rounds of diplomatic coordination. Ultimately, Vietnam’s state-owned oil company, PetroVietnam Oil Corp, stepped in to secure the safe delivery of the cargo. Heightened tensions in the Strait of Hormuz have driven Iraqi crude oil to steep discounts within the Gulf region. Sources indicate Lytton SA purchased the oil at a price roughly $18 per barrel below the international benchmark, then sold it at a significant premium outside the Gulf—creating an enormous a

**May 25th** Per *The New York Times*, the U.S. and Iran are pushing forward with negotiations for a ceasefire and peace deal, though finalizing a full agreement is still expected to take several more days—sign-off is needed from both nations’ top leadership. U.S. President Donald Trump said the deal would either be “great and meaningful” or “no deal at all.” Iranian officials, for their part, noted that while most issues are agreed upon, “a signing is not imminent.” Under the terms being discussed, core elements include reopening the Strait of Hormuz to navigation, de-escalating tensions in the Middle East, and creating space for future nuclear talks with Iran. U.S. officials say Iran has agreed in principle to address its stockpile of highly enriched uranium. But Iran’s Foreign Ministry stressed negotiations right now remain focused on “ending the war” and have not yet delved into nuclear specifics. Fueled by optimism around the potential peace breakthrough, international

May 25 update: According to monitoring from blockchain security firm PeckShield, the WUSD/GLOVE deployment on the Ethereum network was exploited in an attack, resulting in approximately $207,000 in losses. The attacker converted the stolen assets into roughly 98 ETH, then transferred these funds to Railgun—a privacy protocol—apparently aiming to obfuscate the flow of money through coin mixing and privacy-enhancing tools.