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On May 31, recent DeFi attacks targeting protocols such as Thorchain, Drift, and KelpDAO have relied on flash loans, a mechanism that does not exist on the XRP Ledger. Due to the atomic nature of XRPL transactions and the inability to include composable calls within transactions, flash loan attacks are structurally impossible on this network. As XRPL advances its AMM upgrade and the tokenization of real-world assets continues to expand, institutional investors may weigh this built-in resistance to attacks against the deeper liquidity and more mature DeFi ecosystem of Ethereum.

[New Proposal on XRP Ledger to Prevent Flash Loan Attacks Causing Hundreds of Millions in DeFi Losses]On May 31, recent DeFi attacks targeting protocols such as Thorchain, Drift, and KelpDAO have relied on flash loans, a mechanism that does not exist on the XRP Ledger. Due to the atomic nature of XRPL transactions and the inability to include composable calls within transactions, flash loan attacks are structurally impossible on this network. As XRPL advances its AMM upgrade and the tokenization of real-world assets continues to expand, institutional investors may weigh this built-in resistance to attacks against the deeper liquidity and more mature DeFi ecosystem of Ethereum.

New Proposal on XRP Ledger to Prevent Flash Loan Attacks Causing Hundreds of Millions in DeFi Losses

genius Surges 10.06% in 24H, Currently at 0.4956 USDT

【genius currently trades at 0.4956 USDT, up 10.06% in 24h, according to HTX market data.】genius Surges 10.06% in 24H, Currently at 0.4956 USDT

genius currently trades at 0.4956 USDT, up 10.06% in 24h, according to HTX market data.

On May 31, according to Tokens on Solana, Strategy's perpetual preferred stock STRCx has been launched on Kamino, becoming the first lending market on Solana to support tokenized STRC.

[Strategy's Perpetual Preferred Stock STRCx Launched on Kamino]On May 31, according to Tokens on Solana, Strategy's perpetual preferred stock STRCx has been launched on Kamino, becoming the first lending market on Solana to support tokenized STRC.

Strategy's Perpetual Preferred Stock STRCx Launched on Kamino

On May 31, it was reported by US sources on May 30 that after the Supreme Court ruled that the Trump administration lacked the authority to impose higher tariffs on nearly all trade partners, American businesses have begun receiving tariff refunds. However, this process may be hindered by the Trump administration's preparation to appeal. Reports indicate that on May 29, the Trump administration announced plans to appeal a federal judge's ruling that allows all importers who paid the invalidated tariffs to apply for refunds, not just those who have filed lawsuits. (CCTV News)

[US Government Reportedly Plans to Appeal Tariff Refund Ruling]On May 31, it was reported by US sources on May 30 that after the Supreme Court ruled that the Trump administration lacked the authority to impose higher tariffs on nearly all trade partners, American businesses have begun receiving tariff refunds. However, this process may be hindered by the Trump administration's preparation to appeal. Reports indicate that on May 29, the Trump administration announced plans to appeal a federal judge's ruling that allows all importers who paid the invalidated tariffs to apply for refunds, not just those who have filed lawsuits. (CCTV News)

US Government Reportedly Plans to Appeal Tariff Refund Ruling

mega Surges 10.02% in 24H, Currently at 0.067 USDT

【mega currently trades at 0.067 USDT, up 10.02% in 24h, according to HTX market data.】mega Surges 10.02% in 24H, Currently at 0.067 USDT

mega currently trades at 0.067 USDT, up 10.02% in 24h, according to HTX market data.

On May 31, Aave published a post-incident investigation regarding the rsETH event that occurred on April 18. The investigation revealed that the rsETH LayerZero V2 cross-chain bridge of the liquidity staking protocol Kelp accepted forged messages during the cross-chain process from Unichain to Ethereum, resulting in the Ethereum side adapter releasing 116,500 rsETH, while the corresponding destruction did not occur on the Unichain side. Aave stated that the attack took place on third-party cross-chain bridge infrastructure, but the attacker deposited the stolen rsETH into eight Aave V3 positions and borrowed 82,650 WETH and 821 wstETH, impacting the Aave market. Aave noted that the attacker’s rsETH on Arbitrum has been destroyed, and the LayerZero OFT adapter has replenished 116,131.72 rsETH in five batches, fully restoring support for rsETH assets, with the affected WETH and rsETH markets returning to normal.

[Aave Releases Post-Incident Review of April 18 rsETH Event]On May 31, Aave published a post-incident investigation regarding the rsETH event that occurred on April 18. The investigation revealed that the rsETH LayerZero V2 cross-chain bridge of the liquidity staking protocol Kelp accepted forged messages during the cross-chain process from Unichain to Ethereum, resulting in the Ethereum side adapter releasing 116,500 rsETH, while the corresponding destruction did not occur on the Unichain side. Aave stated that the attack took place on third-party cross-chain bridge infrastructure, but the attacker deposited the stolen rsETH into eight Aave V3 positions and borrowed 82,650 WETH and 821 wstETH, impacting the Aave market. Aave noted that the attacker’s rsETH on Arbitrum has been destroyed, and the LayerZero OFT adapter has replenished 116,131.72 rsETH in five batches, fully restoring support for rsETH assets, with the affected WETH and rsETH markets returning to normal.

Aave Releases Post-Incident Review of April 18 rsETH Event

On May 31, according to monitoring by HyperInsight, Loracle has closed its short positions in BTC, LIT, TON, and VVV overnight. However, its largest short position in HYPE is still being gradually closed, with 1.518 million HYPE remaining (valued at approximately $105 million). On the other hand, Loracle has opened new long positions, including 10x long on ZEC and 5x long on ASTER and TON, with positions still increasing.

[Loracle's Long Position Strategy Underway: Closing HYPE and BTC Shorts, Opening New Longs in ZEC and Others]On May 31, according to monitoring by HyperInsight, Loracle has closed its short positions in BTC, LIT, TON, and VVV overnight. However, its largest short position in HYPE is still being gradually closed, with 1.518 million HYPE remaining (valued at approximately $105 million). On the other hand, Loracle has opened new long positions, including 10x long on ZEC and 5x long on ASTER and TON, with positions still increasing.

Loracle's Long Position Strategy Underway: Closing HYPE and BTC Shorts, Opening New Longs in ZEC and Others

On May 31, Aave published a post-incident investigation regarding the rsETH event on April 18. The report stated that the rsETH LayerZero V2 cross-chain bridge of the liquid staking protocol Kelp accepted forged messages during the cross-chain process from Unichain to Ethereum, resulting in the Ethereum side adapter releasing 116,500 rsETH, while no corresponding destruction occurred on the Unichain side. Aave noted that the attack took place through third-party cross-chain bridge infrastructure, but the attacker deposited the stolen rsETH into eight Aave V3 positions, borrowing 82,650 WETH and 821 wstETH, which affected the Aave market. Aave confirmed that the attacker’s rsETH on Arbitrum has been destroyed, and the LayerZero OFT adapter has replenished 116,131.72 rsETH in five batches, fully restoring the asset support for rsETH, and the affected WETH and rsETH markets have returned to normal.

[Aave Releases Post-Incident Review of April 18 rsETH Event]On May 31, Aave published a post-incident investigation regarding the rsETH event on April 18. The report stated that the rsETH LayerZero V2 cross-chain bridge of the liquid staking protocol Kelp accepted forged messages during the cross-chain process from Unichain to Ethereum, resulting in the Ethereum side adapter releasing 116,500 rsETH, while no corresponding destruction occurred on the Unichain side. Aave noted that the attack took place through third-party cross-chain bridge infrastructure, but the attacker deposited the stolen rsETH into eight Aave V3 positions, borrowing 82,650 WETH and 821 wstETH, which affected the Aave market. Aave confirmed that the attacker’s rsETH on Arbitrum has been destroyed, and the LayerZero OFT adapter has replenished 116,131.72 rsETH in five batches, fully restoring the asset support for rsETH, and the affected WETH and rsETH markets have returned to normal.

On May 31, Cambodian media KohsantepheapDaily reported that a 53-year-old Chinese real estate company owner, Yang Weixin, was kidnapped by a criminal gang in Phnom Penh. The suspects demanded a ransom of $2 million in cryptocurrency from the victim's wife via his phone in the early hours of May 30. After failing to receive the ransom, they subsequently killed the victim and abandoned his body in a car. Surveillance footage shows three suspects forcibly taking him from the parking lot of his residence on the evening of May 29. Local police have confirmed that the case is classified as kidnapping, extortion, and homicide, and the investigation is ongoing.

[Chinese Man Kidnapped in Cambodia and Murdered After Failed $2 Million Cryptocurrency Ransom]On May 31, Cambodian media KohsantepheapDaily reported that a 53-year-old Chinese real estate company owner, Yang Weixin, was kidnapped by a criminal gang in Phnom Penh. The suspects demanded a ransom of $2 million in cryptocurrency from the victim's wife via his phone in the early hours of May 30. After failing to receive the ransom, they subsequently killed the victim and abandoned his body in a car. Surveillance footage shows three suspects forcibly taking him from the parking lot of his residence on the evening of May 29. Local police have confirmed that the case is classified as kidnapping, extortion, and homicide, and the investigation is ongoing.

Chinese Man Kidnapped in Cambodia and Murdered After Failed $2 Million Cryptocurrency Ransom

According to Bloomberg, the crisis engulfing Sam Bankman-Fried’s FTX.com is rapidly worsening, with the onetime crypto wunderkind warning of bankruptcy if his firm can’t secure funds to cover a shortfall of as much as $8 billion.
Bankman-Fried informed investors of the gap on Wednesday, shortly before rival exchange Binance abruptly scrapped a takeover offer. He said FTX.com needed $4 billion to remain solvent and is attempting to raise rescue financing in the form of debt, equity, or a combination of the two.

Detail

【FTX hurtles toward bankruptcy with $8 billion hole, US probe】According to Bloomberg, the crisis engulfing Sam Bankman-Fried’s FTX.com is rapidly worsening, with the onetime crypto wunderkind warning of bankruptcy if his firm can’t secure funds to cover a shortfall of as much as $8 billion.
Bankman-Fried informed investors of the gap on Wednesday, shortly before rival exchange Binance abruptly scrapped a takeover offer. He said FTX.com needed $4 billion to remain solvent and is attempting to raise rescue financing in the form of debt, equity, or a combination of the two.

FTX hurtles toward bankruptcy with $8 billion hole, US probe

The Revived Codex, Carrying OpenAI's Hopes for IPO

Google CEO Admits Lagging Behind in Coding

Everyone Is Calling For Lower Bitcoin Price: Why This Is The Perfect Time To Go Parabolic

Bitcoin Spot ETFs Bleed $1.26 Billion In Largest Net Outflows In 3 Months – Details

Microsoft to Discontinue Using Claude: Too Expensive, or a Calculated Move?

NeoCloud Three Giants: NBIS, IREN, CRWV – Which One Has More Investment Value?

New York Lawsuit Takes Aim At 3.79 Million Dormant Bitcoin

Eric Trump Sets A “Beyond Catastrophic” Bar To Sell Bitcoin — How Far Are We From That?

Investors Frantically Snap Up AI Firms with 'No Profits': A High-Stakes Gamble on 'the Right to Define the Future'

The 'Stock Call King' Serenity: 3840% Annual Return, Beating Institutions to the Punch

Article

a16z-Linked Entity Increases Holdings by 226,121 HYPE, Totaling 3.9 Million HYPE at Average Price of $49.4

Iran Rejects Western Ultimatum, Focuses on New Order in the Strait of Hormuz

FTX hurtles toward bankruptcy with $8 billion hole, US probe

Disclaimer：The content above does not represent HTX's positions.，HTX does not provide any trading recommendations.。

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