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On April 5, according to @exvulsec monitoring, a reserve manipulation attack occurred on the TMM/USDT trading pair on the BSC chain, resulting in a loss of approximately 1.665 million USDT. The attacker exploited flash loans from Lista DAO Moolah, Venus, Aave V3, Pancake SwapVault, and Uniswap PoolManager to manipulate the TMM/USDT trading pair. The attacker burned TMM to a black hole address, reducing the trading pair's reserve to 1 TMM, and then exchanged 850 million TMM for approximately 272 million USDT. After repaying all flash loans, the attacker transferred approximately 1.665 million USDT in profits to related addresses.

[TMM Trading Pair Suffers Flash Loan Attack, Hacker Profits Over 1.66 Million USDT]On April 5, according to @exvulsec monitoring, a reserve manipulation attack occurred on the TMM/USDT trading pair on the BSC chain, resulting in a loss of approximately 1.665 million USDT. The attacker exploited flash loans from Lista DAO Moolah, Venus, Aave V3, Pancake SwapVault, and Uniswap PoolManager to manipulate the TMM/USDT trading pair. The attacker burned TMM to a black hole address, reducing the trading pair's reserve to 1 TMM, and then exchanged 850 million TMM for approximately 272 million USDT. After repaying all flash loans, the attacker transferred approximately 1.665 million USDT in profits to related addresses.

TMM Trading Pair Suffers Flash Loan Attack, Hacker Profits Over 1.66 Million USDT

On April 5, Bloomberg reported that Indian AI startup Sarvam AI is nearing the completion of a funding round between $300 million and $350 million, aimed at building a local artificial intelligence company to compete with industry leaders. According to insiders, the company's valuation for this round is approximately $1.5 billion to $1.55 billion, with completion expected as early as next week. Bessemer Venture Partners is likely to lead the investment, with participation from Nvidia, Amazon, and Prosperity7 Ventures. Due to the confidential nature of the discussions, these individuals requested anonymity. Sarvam AI was founded in 2023 by AI researchers Vivek Raghavan and Pratyush Kumar. The company's model primarily operates through voice commands and supports 22 Indian languages. They believe this will create a significant competitive advantage in India, which has a population of 1.45 billion, as the vast majority of people are unable to read, write, or input in English. Their goal is to challenge companies like OpenAI and Alphabet Inc., whose models often perform poorly when handling Indian languages.

[Indian AI Startup Sarvam AI Nears $300-$350 Million Funding Round]On April 5, Bloomberg reported that Indian AI startup Sarvam AI is nearing the completion of a funding round between $300 million and $350 million, aimed at building a local artificial intelligence company to compete with industry leaders. According to insiders, the company's valuation for this round is approximately $1.5 billion to $1.55 billion, with completion expected as early as next week. Bessemer Venture Partners is likely to lead the investment, with participation from Nvidia, Amazon, and Prosperity7 Ventures. Due to the confidential nature of the discussions, these individuals requested anonymity. Sarvam AI was founded in 2023 by AI researchers Vivek Raghavan and Pratyush Kumar. The company's model primarily operates through voice commands and supports 22 Indian languages. They believe this will create a significant competitive advantage in India, which has a population of 1.45 billion, as the vast majority of people are unable to read, write, or input in English. Their goal is to challenge companies like OpenAI and Alphabet Inc., whose models often perform poorly when handling Indian languages.

Indian AI Startup Sarvam AI Nears $300-$350 Million Funding Round

Nikita Bier, the head of the X product, stated that there is no technology in the world that can completely solve the spam reply issue in cryptocurrency accounts, as 80% of transactions in these accounts are operated by bots. The only solution is to implement a second reply limit.

[X Product Head: The Only Solution to Spam Replies in Crypto Accounts is Second Reply Limit]Nikita Bier, the head of the X product, stated that there is no technology in the world that can completely solve the spam reply issue in cryptocurrency accounts, as 80% of transactions in these accounts are operated by bots. The only solution is to implement a second reply limit.

X Product Head: The Only Solution to Spam Replies in Crypto Accounts is Second Reply Limit

On April 5, according to CCTV International News, the Central Command of the Iranian Armed Forces, Khatam al-Anbiya, announced today (April 5) that in response to actions taken by the United States to rescue its downed pilot, Revolutionary Guard soldiers conducted a joint operation with Basij militia. They successfully hit and destroyed the enemy aircraft in southern Isfahan with the cooperation of law enforcement commandos. The Iranian Islamic Revolutionary Guard Corps also stated that during the US military's pilot rescue mission, the Iranian armed forces carried out a multi-agency joint operation that destroyed the enemy aircraft. This information has not yet been confirmed by the US side. On the same day, the New York Times reported that two US military transport planes became 'stranded' while executing the pilot rescue mission in Iran. The US military subsequently dispatched three new aircraft to continue the rescue operation and destroyed the two malfunctioning transport planes.

[Iran Claims Multi-Agency Operation Strikes Rescuing US Military Aircraft]On April 5, according to CCTV International News, the Central Command of the Iranian Armed Forces, Khatam al-Anbiya, announced today (April 5) that in response to actions taken by the United States to rescue its downed pilot, Revolutionary Guard soldiers conducted a joint operation with Basij militia. They successfully hit and destroyed the enemy aircraft in southern Isfahan with the cooperation of law enforcement commandos. The Iranian Islamic Revolutionary Guard Corps also stated that during the US military's pilot rescue mission, the Iranian armed forces carried out a multi-agency joint operation that destroyed the enemy aircraft. This information has not yet been confirmed by the US side. On the same day, the New York Times reported that two US military transport planes became 'stranded' while executing the pilot rescue mission in Iran. The US military subsequently dispatched three new aircraft to continue the rescue operation and destroyed the two malfunctioning transport planes.

Iran Claims Multi-Agency Operation Strikes Rescuing US Military Aircraft

On April 5, X user Zoomer revealed that Hollywood actor and venture capitalist Ashton Kutcher's fund, Sound Ventures, previously invested $30 million in OpenAI. Based on the latest valuation, this equity is now worth $1.3 billion, achieving a 43-fold return in less than three years. As of May 2023, Kutcher's fund's portfolio includes OpenAI, Stability AI Ltd., and Anthropic. Earlier reports indicated that OpenAI announced on April 1 that it had completed a financing round of $122 billion, with the company's valuation reaching $852 billion.

[Ashton Kutcher's Fund Achieves 43x Return on Investment in OpenAI]On April 5, X user Zoomer revealed that Hollywood actor and venture capitalist Ashton Kutcher's fund, Sound Ventures, previously invested $30 million in OpenAI. Based on the latest valuation, this equity is now worth $1.3 billion, achieving a 43-fold return in less than three years. As of May 2023, Kutcher's fund's portfolio includes OpenAI, Stability AI Ltd., and Anthropic. Earlier reports indicated that OpenAI announced on April 1 that it had completed a financing round of $122 billion, with the company's valuation reaching $852 billion.

Ashton Kutcher's Fund Achieves 43x Return on Investment in OpenAI

On April 5, economists indicated that the sudden rise in gasoline prices, which consumers in the U.S. are experiencing firsthand, will be fully reflected in the key inflation data to be released this week. The U.S. CPI for March is expected to rise by 1% month-on-month, marking the largest single-month increase since 2022; the core CPI may increase by 0.3% month-on-month. Previously, the war in Iran drove gasoline prices at U.S. gas stations up by about $1 per gallon. The day before the CPI data is released, the Fed's preferred inflation indicator will provide insights into pre-war price pressures. Economists expect the core PCE price index to rise by 0.4% in February for the third consecutive month, indicating that even before the conflict erupted, the process of inflation returning to more moderate levels had stalled. Coupled with signs of stabilization in the U.S. labor market, persistent price pressures, and new inflation risks arising from the Middle East conflict, this helps explain why the Fed may find it difficult to lower interest rates this year.

[Economists: U.S. March CPI May Surge 1%, Fed Likely to Struggle with Rate Cuts This Year]On April 5, economists indicated that the sudden rise in gasoline prices, which consumers in the U.S. are experiencing firsthand, will be fully reflected in the key inflation data to be released this week. The U.S. CPI for March is expected to rise by 1% month-on-month, marking the largest single-month increase since 2022; the core CPI may increase by 0.3% month-on-month. Previously, the war in Iran drove gasoline prices at U.S. gas stations up by about $1 per gallon. The day before the CPI data is released, the Fed's preferred inflation indicator will provide insights into pre-war price pressures. Economists expect the core PCE price index to rise by 0.4% in February for the third consecutive month, indicating that even before the conflict erupted, the process of inflation returning to more moderate levels had stalled. Coupled with signs of stabilization in the U.S. labor market, persistent price pressures, and new inflation risks arising from the Middle East conflict, this helps explain why the Fed may find it difficult to lower interest rates this year.

Economists: U.S. March CPI May Surge 1%, Fed Likely to Struggle with Rate Cuts This Year

Market data shows that SOL has fallen below $80, currently priced at $79.96, with a 24-hour decline of 0.3%. The market is experiencing significant volatility, please ensure proper risk management.

[SOL Falls Below $80]Market data shows that SOL has fallen below $80, currently priced at $79.96, with a 24-hour decline of 0.3%. The market is experiencing significant volatility, please ensure proper risk management.

SOL Falls Below $80

HTX data showed that SOL fell below 80  USDT and is now at 79.9422 USDT, with a decrease of 0.17% in 24H.

[SOL fell below 80  USDT] HTX data showed that SOL fell below 80  USDT and is now at 79.9422 USDT, with a decrease of 0.17% in 24H.

SOL fell below 80  USDT

On April 5, the Iranian Tasnim News Agency reported that the Islamic Revolutionary Guard Corps (IRGC) stated that a US military aircraft, which was searching for a pilot, was shot down in Isfahan Province.

[IRGC: US Military Aircraft Searching for Pilot Shot Down]On April 5, the Iranian Tasnim News Agency reported that the Islamic Revolutionary Guard Corps (IRGC) stated that a US military aircraft, which was searching for a pilot, was shot down in Isfahan Province.

IRGC: US Military Aircraft Searching for Pilot Shot Down

According to Coindesk, several investment banks have downgraded their ratings on Argo Blockchain's stock, with investment bank Canaccord Genuity downgrading its rating to Hold from Buy and lowering its price target on the company's American Depositary Shares (ARBK) from Jefferies downgraded Argo from Buy to Hold. Jefferies downgraded Argo to Hold from Buy and cut its price target to $1.10 from $13. Canaccord analyst Joseph Vafi said in a report that it was downgrading Argo shares to Hold. Argo Blockchain previously said a deal to sell a $27 million stake to fund operations had fallen through and that the miner, hit by depressed bitcoin prices and high energy costs due to the absence of a fixed-rate power deal, could soon run into negative cash flow.

Detail

【Several Investment Banks Downgrade Shares of Argo Blockchain】According to Coindesk, several investment banks have downgraded their ratings on Argo Blockchain's stock, with investment bank Canaccord Genuity downgrading its rating to Hold from Buy and lowering its price target on the company's American Depositary Shares (ARBK) from Jefferies downgraded Argo from Buy to Hold. Jefferies downgraded Argo to Hold from Buy and cut its price target to $1.10 from $13. Canaccord analyst Joseph Vafi said in a report that it was downgrading Argo shares to Hold. Argo Blockchain previously said a deal to sell a $27 million stake to fund operations had fallen through and that the miner, hit by depressed bitcoin prices and high energy costs due to the absence of a fixed-rate power deal, could soon run into negative cash flow.

Several Investment Banks Downgrade Shares of Argo Blockchain

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Several Investment Banks Downgrade Shares of Argo Blockchain

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