According to Huoxun Finance, Yu Xian, founder of SlowMist, explained the Squid security incident on the X platform, stating that sampling revealed all the affected Safe wallets were single-signature with different owners. The problem wasn't with the private keys, but rather a vulnerability in the SquidRouterModule used by these Safe addresses. Attackers could bypass verification by forging messages and transfer funds from the target Safe wallets. Yu Xian also released information about the addresses where the attackers profited. Previously, a third-party Gnosis Safe module was exploited on Basescan and Ethereum, causing approximately $3.2 million in losses. This involved 86 Gnosis Safes that had added the contract as a trusted Safe Module. The contract was named "SquidRouterModule" on Basescan. Squid subsequently clarified that it was not affected by the Gnosis Safe vulnerability incident.

Huoxun Finance reports that BitRing, a project selected for the BNB Chain's 10th season MVB accelerator, has announced the upcoming launch of its genesis airdrop test. The top 10,000 users in this test will share 1,000,000 BRT tokens as a reward. BitRing allows users to participate in "fitness mining" to earn BRT through smart wearable devices such as Apple Watch and WHOOP. The protocol development is currently 90% complete, and the BRT Protocol is about to begin internal testing. Participating users can receive 100 tBRT test tokens. The official announcement also revealed that a live-streaming fitness coach recommendation system and an open ambassador recruitment program will be launched soon, and plans are underway to explore building personalized medical AI models based on real health data.

According to a recent report from blockchain analytics platform Swissblock, Bitcoin is gradually entering a high-risk environment, driven primarily by continuous selling by institutional funds, with net outflows from US Bitcoin ETFs being a major indicator. Historical data shows that when this index indicates selling pressure overwhelming the market at a structural level, it often corresponds to systematic distribution by institutional funds. On-chain data analytics firm Glassnode points out that since May 7th, US Bitcoin ETFs have experienced net outflows almost every trading day, with institutional selling signals persisting for over two weeks. This continuous outflow of funds is putting pressure on the market supply side, and currently, there is insufficient buying demand to offset this, further exacerbating the risk of supply-demand imbalance. In the market, Bitcoin experienced short-term pressure on Tuesday due to geopolitical disturbances, with the US launching a new round of military strikes against Iran, despite recent progress on a peace agreement. Bitcoin prices fell by about 1%, briefly dipping from above $77,000 to around $76,500, but overall, it remains within the range-bound trading pattern it has maintained for nearly four months. CoinEx Chief Analyst Jeff Ko stated that geopolitical events may trigger short-term volatility, but market focus will likely remain on potential progress in US-Iran reconciliation, with the overall crypto market remaining in a wait-and-see mode. In summary, the Bitcoin market currently faces dual pressures: on the one hand, continued outflows from spot ETFs are weakening key buying support; on the other hand, geopolitical uncertainty is amplifying short-term volatility risks. If institutional risk appetite fails to improve marginally, the risk index may rise further, and caution should be exercised regarding the adjustment pressure resulting from a combination of technical selling pressure and sentiment-driven factors.

According to Huoxun Finance, on-chain monitoring data shows that a whale address opened a 40x leveraged short position of 525.34 BTC one hour ago, with a position value of approximately $40.26 million; its 5x leveraged long position of 53,500 ZEC opened two days ago is currently showing a floating loss of over $1.48 million, with the long position valued at approximately $33.3 million.

According to Onchain Lens monitoring, Whale Evaded (@ICanPlug) opened a 40x leveraged short position of 525.34 BTC one hour ago, with a position value of approximately $40.26 million. Additionally, two days ago, he opened a 5x leveraged long position of 53,500 ZEC, with a position value of approximately $33.3 million; this position currently shows a floating loss of over $1.48 million.