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IO fluctuated by 53.87% within 24 hours, current price $0.18

【IO 24-hour volatility exceeds 50%!】IO fluctuated by 53.87% within 24 hours, current price $0.18

IO 24-hour volatility exceeds 50%!

On May 6, in response to recent allegations from KelpDAO regarding LayerZero's involvement in the rsETH security incident, LayerZero CEO Bryan Pellegrino publicly refuted the claims on social media today, providing key technical details. Pellegrino stated that the facts are not as Kelp has described. According to immutable on-chain records, KelpDAO proactively changed the cross-chain configuration of rsETH from the default 'multi DVN' setting to a '1/1 single DVN' mode on April 1, 2024. He specifically pointed out that LayerZero's official documentation has repeatedly warned against using this 1/1 configuration in production environments. He further added that the LayerZero team had consistently recommended the use of a more secure '2/3 multi-signature scheme' when providing professional advice to KelpDAO, which Kelp did not adopt. Pellegrino also revealed a key piece of data: during the operation of the 1/1 configuration, nearly 100% of the related cross-chain transaction volume came from rsETH itself. Pellegrino stated that LayerZero is currently awaiting the final review report from external security agencies, at which point a complete analysis of the incident will be published. He hinted that the root cause of the incident lies in the project's disregard for basic security principles.

[LayerZero Co-Founder Denies KelpDAO Allegations, On-Chain Data Shows Manual Change to '1/1' Single DVN Configuration]On May 6, in response to recent allegations from KelpDAO regarding LayerZero's involvement in the rsETH security incident, LayerZero CEO Bryan Pellegrino publicly refuted the claims on social media today, providing key technical details. Pellegrino stated that the facts are not as Kelp has described. According to immutable on-chain records, KelpDAO proactively changed the cross-chain configuration of rsETH from the default 'multi DVN' setting to a '1/1 single DVN' mode on April 1, 2024. He specifically pointed out that LayerZero's official documentation has repeatedly warned against using this 1/1 configuration in production environments. He further added that the LayerZero team had consistently recommended the use of a more secure '2/3 multi-signature scheme' when providing professional advice to KelpDAO, which Kelp did not adopt. Pellegrino also revealed a key piece of data: during the operation of the 1/1 configuration, nearly 100% of the related cross-chain transaction volume came from rsETH itself. Pellegrino stated that LayerZero is currently awaiting the final review report from external security agencies, at which point a complete analysis of the incident will be published. He hinted that the root cause of the incident lies in the project's disregard for basic security principles.

LayerZero Co-Founder Denies KelpDAO Allegations, On-Chain Data Shows Manual Change to '1/1' Single DVN Configuration

According to Reuters, China's largest state-supported semiconductor investment institution, the China Integrated Circuit Industry Investment Fund (Big Fund), is in negotiations to lead DeepSeek's Series A financing, which could value the cutting-edge AI laboratory at approximately $45 billion. The report cites four informed sources indicating that negotiations are still ongoing.

[DeepSeek Valued at Nearly $45 Billion, China’s Big Fund Plans to Lead Series A Financing]According to Reuters, China's largest state-supported semiconductor investment institution, the China Integrated Circuit Industry Investment Fund (Big Fund), is in negotiations to lead DeepSeek's Series A financing, which could value the cutting-edge AI laboratory at approximately $45 billion. The report cites four informed sources indicating that negotiations are still ongoing.

DeepSeek Valued at Nearly $45 Billion, China’s Big Fund Plans to Lead Series A Financing

On May 6, Cointelegraph reported that Colombian President Gustavo Petro publicly stated that Colombia should follow the examples of Venezuela and Paraguay by actively attracting Bitcoin mining investments. He pointed out that the untapped renewable energy along the Caribbean coast is a key advantage for promoting the mining industry.

[Colombian President Proposes Developing Caribbean Coast as Bitcoin Mining Hub]On May 6, Cointelegraph reported that Colombian President Gustavo Petro publicly stated that Colombia should follow the examples of Venezuela and Paraguay by actively attracting Bitcoin mining investments. He pointed out that the untapped renewable energy along the Caribbean coast is a key advantage for promoting the mining industry.

Colombian President Proposes Developing Caribbean Coast as Bitcoin Mining Hub

On May 6, Colombian President Gustavo Petro stated on social media that cities such as Barranquilla, Santa Marta, and Riohacha on the country's Caribbean coast have the potential to become a Bitcoin mining center, leveraging the region's abundant renewable energy to attract foreign investment and boost economic development. Petro proposed that Colombia's largest indigenous community, the Wayúu, could be co-owners of the project. He pointed out that similar models have succeeded in Venezuela and Paraguay—where Paraguay, utilizing the hydroelectric resources of the Itaipu Dam, has seen its Bitcoin hash rate rise to 4.3%, making it the fourth largest Bitcoin mining country globally, after the United States, Russia, and China. A World Bank report from April 2024 indicates that 75% of Colombia's electricity comes from renewable sources, more than double the global average. Petro believes that utilizing this clean energy can alleviate his previous concerns about fossil fuel mining exacerbating global warming. Notably, Petro's presidential term will end in August this year, and due to constitutional restrictions, he will not participate in the upcoming elections on May 31. Currently, popular candidates to succeed him have not made significant public comments regarding Bitcoin or digital assets.

[Colombian President Proposes Caribbean Coast as Bitcoin Mining Hub]On May 6, Colombian President Gustavo Petro stated on social media that cities such as Barranquilla, Santa Marta, and Riohacha on the country's Caribbean coast have the potential to become a Bitcoin mining center, leveraging the region's abundant renewable energy to attract foreign investment and boost economic development. Petro proposed that Colombia's largest indigenous community, the Wayúu, could be co-owners of the project. He pointed out that similar models have succeeded in Venezuela and Paraguay—where Paraguay, utilizing the hydroelectric resources of the Itaipu Dam, has seen its Bitcoin hash rate rise to 4.3%, making it the fourth largest Bitcoin mining country globally, after the United States, Russia, and China. A World Bank report from April 2024 indicates that 75% of Colombia's electricity comes from renewable sources, more than double the global average. Petro believes that utilizing this clean energy can alleviate his previous concerns about fossil fuel mining exacerbating global warming. Notably, Petro's presidential term will end in August this year, and due to constitutional restrictions, he will not participate in the upcoming elections on May 31. Currently, popular candidates to succeed him have not made significant public comments regarding Bitcoin or digital assets.

Colombian President Proposes Caribbean Coast as Bitcoin Mining Hub

Bitcoin Fear and Greed Index is 46. Fear.
Current Price: $81311.52.

[Bitcoin Fear and Greed Index is 46]Bitcoin Fear and Greed Index is 46. Fear.
Current Price: $81311.52.

Bitcoin Fear and Greed Index is 46

On May 6, in response to recent allegations from Kelp DAO regarding LayerZero's involvement in the rsETH security incident, LayerZero CEO Bryan Pellegrino publicly refuted the claims on social media and provided key technical details. Pellegrino stated that the facts are not as Kelp has claimed. According to immutable on-chain records, Kelp DAO proactively changed the cross-chain configuration of rsETH from the default 'multi-DVN' setting to a '1/1 single DVN' mode on April 1, 2024. He specifically pointed out that LayerZero's official documentation has repeatedly warned against using this 1/1 configuration in production environments. He further added that when the LayerZero team previously provided professional advice to Kelp DAO, they consistently recommended using the more secure '2/3 multi-signature scheme.' However, Kelp did not adopt this recommendation. Pellegrino also revealed a key piece of data: during the operation of the 1/1 configuration, nearly 100% of the related cross-chain transaction volume came from rsETH itself. Pellegrino mentioned that LayerZero is currently awaiting the final review report from an external security agency, at which point a complete analysis of the incident will be released. He hinted that the root cause of the incident lies in the project's disregard for basic security principles.

[LayerZero Co-Founder Denies Kelp DAO Allegations, On-Chain Data Shows Manual Change to '1/1' Single DVN Configuration]On May 6, in response to recent allegations from Kelp DAO regarding LayerZero's involvement in the rsETH security incident, LayerZero CEO Bryan Pellegrino publicly refuted the claims on social media and provided key technical details. Pellegrino stated that the facts are not as Kelp has claimed. According to immutable on-chain records, Kelp DAO proactively changed the cross-chain configuration of rsETH from the default 'multi-DVN' setting to a '1/1 single DVN' mode on April 1, 2024. He specifically pointed out that LayerZero's official documentation has repeatedly warned against using this 1/1 configuration in production environments. He further added that when the LayerZero team previously provided professional advice to Kelp DAO, they consistently recommended using the more secure '2/3 multi-signature scheme.' However, Kelp did not adopt this recommendation. Pellegrino also revealed a key piece of data: during the operation of the 1/1 configuration, nearly 100% of the related cross-chain transaction volume came from rsETH itself. Pellegrino mentioned that LayerZero is currently awaiting the final review report from an external security agency, at which point a complete analysis of the incident will be released. He hinted that the root cause of the incident lies in the project's disregard for basic security principles.

LayerZero Co-Founder Denies Kelp DAO Allegations, On-Chain Data Shows Manual Change to '1/1' Single DVN Configuration

On May 6, global markets continue to digest three main lines: economic slowdown, energy risks, and prolonged high interest rates. The Reserve Bank of Australia has raised interest rates for the third consecutive time, reflecting its ongoing vigilance against persistent inflation. Even though signs of cooling global demand are emerging, uncertainties in energy and supply chains still compel policies to maintain a tight stance. Recent data from the United States indicates a gradual economic slowdown: service sector growth is slowing, and the trade deficit in March was $60.3 billion. Market expectations for the Federal Reserve are increasingly leaning towards 'delaying interest rate cuts' rather than resuming rate hikes. This suggests that the real issue currently facing the market is not an immediate economic recession, but rather that high interest rates may persist for a longer period. In terms of geopolitical developments, the U.S. has announced that its offensive military actions against Iran have 'ended,' and Trump even announced a suspension of the 'Freedom Plan' in an attempt to reduce the risk of further escalation in the Strait of Hormuz. However, Iran continues to emphasize that both sides are in a state of war, and the UAE continues to issue missile threat alerts, indicating that risks to energy supply chains and shipping have not truly been alleviated. In the cryptocurrency market, BTC recently approached a high of $82,000 again, but the derivatives market structure has not strengthened in tandem—funding rates remain negative. This indicates that while prices remain high, the overall market leverage sentiment is still conservative, with short-term funds cautious about chasing prices, reflecting that the current market is more liquidity-driven rather than a full return of risk appetite.

[Bitunix Analyst: High Interest Rates and Geopolitical Risks Coexist, Market Enters 'Demand Slowdown but Liquidity Unconstrained' Phase]On May 6, global markets continue to digest three main lines: economic slowdown, energy risks, and prolonged high interest rates. The Reserve Bank of Australia has raised interest rates for the third consecutive time, reflecting its ongoing vigilance against persistent inflation. Even though signs of cooling global demand are emerging, uncertainties in energy and supply chains still compel policies to maintain a tight stance. Recent data from the United States indicates a gradual economic slowdown: service sector growth is slowing, and the trade deficit in March was $60.3 billion. Market expectations for the Federal Reserve are increasingly leaning towards 'delaying interest rate cuts' rather than resuming rate hikes. This suggests that the real issue currently facing the market is not an immediate economic recession, but rather that high interest rates may persist for a longer period. In terms of geopolitical developments, the U.S. has announced that its offensive military actions against Iran have 'ended,' and Trump even announced a suspension of the 'Freedom Plan' in an attempt to reduce the risk of further escalation in the Strait of Hormuz. However, Iran continues to emphasize that both sides are in a state of war, and the UAE continues to issue missile threat alerts, indicating that risks to energy supply chains and shipping have not truly been alleviated. In the cryptocurrency market, BTC recently approached a high of $82,000 again, but the derivatives market structure has not strengthened in tandem—funding rates remain negative. This indicates that while prices remain high, the overall market leverage sentiment is still conservative, with short-term funds cautious about chasing prices, reflecting that the current market is more liquidity-driven rather than a full return of risk appetite.

Bitunix Analyst: High Interest Rates and Geopolitical Risks Coexist, Market Enters 'Demand Slowdown but Liquidity Unconstrained' Phase

On May 6, according to an official announcement, Huobi HTX has launched the DOGS/USDT perpetual contract on May 6, supporting 1-20x long and short positions.

[Huobi HTX Launches DOGS Perpetual Contract]On May 6, according to an official announcement, Huobi HTX has launched the DOGS/USDT perpetual contract on May 6, supporting 1-20x long and short positions.

Huobi HTX Launches DOGS Perpetual Contract

火币HTX报道，5月4日，周一，阿联酋发布了自大约一个月前美国和伊朗停火以来的首次导弹威胁警告，这凸显了旨在结束这场战争的外交努力的脆弱性。就在阿联酋阿布扎比国家石油公司ADNOC的一艘油轮在霍尔木兹海峡附近遭到伊朗无人机袭击数小时后，警报随即发出。在2月底战争爆发前，全球约五分之一的石油和液化天然气都要经过霍尔木兹海峡。目前尚不清楚此次警报是由针对阿联酋的袭击事件触发，还是与霍尔木兹海峡局势升级有关。

【阿联酋发出导弹警告，紧张局势升级危及美伊停火】火币HTX报道，5月4日，周一，阿联酋发布了自大约一个月前美国和伊朗停火以来的首次导弹威胁警告，这凸显了旨在结束这场战争的外交努力的脆弱性。就在阿联酋阿布扎比国家石油公司ADNOC的一艘油轮在霍尔木兹海峡附近遭到伊朗无人机袭击数小时后，警报随即发出。在2月底战争爆发前，全球约五分之一的石油和液化天然气都要经过霍尔木兹海峡。目前尚不清楚此次警报是由针对阿联酋的袭击事件触发，还是与霍尔木兹海峡局势升级有关。

阿联酋发出导弹警告，紧张局势升级危及美伊停火

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Whale Deposits 3.117 Million USDC to HyperLiquid to Short ETH

阿联酋发出导弹警告，紧张局势升级危及美伊停火

Disclaimer：Il contenuto di cui sopra non rappresenta le posizioni di HTX.，HTX non fornisce alcuna raccomandazione di trading.。

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