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17:00
Anti-Aircraft Gun Shooting Mosquito, MEV Robot Leveraged Millions of Dollars to Snatch a Few Cents from Vitalik
BlockBeats News, May 8th, the robot "JaredfromSubway" recently succeeded in launching a minor MEV attack on Vitalik's token swap. Vitalik originally attempted to exchange 26,544 XDB tokens worth about $3.86 for approximately $4.56 worth of ETH. However, the robot used around $1.14 million WETH to conduct extensive trades between the SushiSwap and Uniswap V2 liquidity pools, manipulating the XDB price and causing a deterioration in Vitalik's transaction slippage. The entire MEV attack involved approximately $1 million in trading volume, resulting in only a few cents of loss for Vitalik, with the robot experiencing a slight loss after deducting a $5.14 Gas fee. Ironically, Vitalik has long been a vocal critic of "toxic MEV" and has strongly advocated for the inclusion of a cryptographic mempool as a solution in the Ethereum roadmap for 2026. MEV has extracted over $1.2 billion in user value, with 51% attributed to sandwich attacks, fundamentally imposing a hidden tax on regular users through the open mempool. The robot mentioned above, JaredfromSubway, has been notorious for frontrunning meme coin transactions since 2023, previously holding a 7% share of Ethereum's on-chain Gas fees and accumulating profits exceeding $7 million. This time, not even Vitalik was spared.
16:50
Tom Lee says the pace of buying in the cryptocurrency market may slow down
Tom Lee stated that they may accumulate cryptocurrencies at a slower pace, as there are currently other matters to address in the crypto space. He expressed this view on the main stage of Anchorage Digital at Consensus 2026. (CoinDesk)
16:43
The Greater the Interest Rate Discrepancy, the Longer the Interest Rate Stability, as the Federal Reserve Enters a Policy Pause Phase
BlockBeats News, May 8th: In Federal Reserve interest rate decisions, a greater divergence of opinions often tends to prolong the maintenance of the interest rate. In the recent April 2026 FOMC meeting, the Fed set a record for the largest divergence since 1992 with an 8-4 vote, deciding to keep the federal funds rate target range unchanged at 3.5%-3.75% for the third consecutive time. While one official supported an immediate 25bp rate cut, three others, while agreeing to hold rates steady, expressed a dovish bias in their dissents. There is a profound internal division within the Fed on inflation risks, the labor market, and the neutral rate level. As the economic outlook diverges among Fed members, the difficulty of reaching a consensus on rate adjustments increases simultaneously, leading to an "inertia" that maintains the status quo. Policy often remains on hold at the current level for a longer period to await more data to resolve uncertainty. With the federal funds rate already near the neutral range, this divergence directly points to an increasing probability of rates staying unchanged for a longer period, rather than a swift pivot. It is expected that the waiting period for the market will extend.According to CME FedWatch data, the probability of no further rate cuts by the end of 2026 is 72.6%, the probability of a cumulative 25 basis point rate cut for the year is 8.5%, the probability of a cumulative 50 basis point rate cut is 0.3%, the probability of a cumulative 25 basis point rate hike is 17.6%, and the probability of a cumulative 50 basis point rate hike is 1%. Furthermore, the probability of a 25 basis point rate cut at the next Fed meeting in June is 4.1%.
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