Echo Protocol Hacked

Echo Protocol on Monad exploited; attacker minted 1,000 eBTC worth ~$76M. $821K ETH laundered via Tornado Cash, marking the third major DeFi hack in five days and raising security concerns. Link

2.SEC Tokenized Stock Proposal

SEC may unveil innovation exemption allowing tokenized stocks on DeFi platforms without issuer approval. Platforms risk eligibility loss if voting rights or dividends are denied, accelerating institutional adoption.

3.US ETFs See Massive Outflows

US spot Bitcoin ETFs recorded $649M net outflow on May 18. Ethereum ETFs saw $86.31M outflow, marking the sixth consecutive day of negative flows, indicating significant institutional capital withdrawal.

4.Hyperliquid USDC Revenue Deal

Hyperliquid's USDC deal with Coinbase/Circle shifts stablecoin profits to the platform, potentially generating $135-160M annually. This boosts HYPE buybacks while squeezing Circle and Coinbase margins.

🐋 Whale Movements

A newly created wallet withdrew 41,847 SOL ($3.55M) from OKX, signaling fresh accumulation or distribution intent

A Solana OG staker sold 30,000 SOL ($2.56M) after holding for 5 years, continuing a year-long减持 trend with $137M total sold

Pump.fun deposited 174,408 SOL ($14.76M) to Kraken and likely sold 117,877 SOL ($9.96M), indicating project treasury management

Ecoprotocol$76.7MHack#SECTokenizedStockExemption #RussiaDumaCryptoMonitoringBill TokenizedRWAReach$31.4B#SECTokenizedStockExemption DigitalAssetOutflow$1.07B#BlackRockAdds3.14MMSTRShares #YiHe $BNB $ETH $BTC