According to ChainCatcher, security organization Blockaid has detected that Ekubo Protocol's v2 custom extension contract on Ethereum is under ongoing attack, currently resulting in a loss of approximately $1.4 million. The attack is due to the IPayer.pay callback of the extension not effectively restricting the source of parameters, allowing attackers to control the payer, token, and amount parameters, thereby transferring authorized tokens arbitrarily. Core users of the Ekubo protocol are unaffected, but users who have authorized this v2 contract as a token spender face direct risk. Blockaid recommends that relevant users revoke authorization immediately.

#Gate广场五月交易分享 BTC's 24-hour trading volume on May 5th reached approximately $21.2 billion, with liquidity remaining at normal levels. The total cryptocurrency market cap is about $2.64 trillion, and BTC dominance stays around 58.2-58.5%, still below the 60%+ seen at the top of previous bull markets, but significantly higher than the end of last year. Structural assessment: Over the past month, BTC has gained more than 17%, while ETH has increased over 13% during the same period, rebounding from a historical low near $76,000 to above $81,000. The main driving forces are continuous inflows of ETF institutional funds and the accelerated implementation of the US crypto regulatory framework. Today’s market is in the "final consolidation phase before the main upward wave begins"—but caution is advised when making this statement: after BTC breaks above $80K, some analysts directly warn that this rebound is "fragile," mainly because exchange stablecoin reserves have sharply declined, indicating fewer available bullets in the market, and marginal buying power is weakening. Whether $80K can hold depends on whether new funds continue to enter. BTC Dominance signal: What does 58.5% dominance represent? Historically, this range usually corresponds to the mid-stage of BTC’s bull market main upward wave—BTC leads, while altcoins lag behind in catching up. Currently, the Altcoin Season Index is around 40-45, still below the true "altcoin season" threshold (index >75). Funds are still concentrated in BTC, not yet widely flowing into altcoins, which is both a safety margin and a reminder for altcoin investors: do not get ahead of BTC’s pace. Spot vs. futures-driven: This is the most interesting structural anomaly in this cycle: BTC’s funding rate (Funding Rate) 30-day moving average is about -5%, a rare negative value in history—during normal bull markets, the Funding Rate should be positive (longs pay shorts). The current situation is: institutions are heavily long BTC via spot ETFs while simultaneously shorting in the futures market for arbitrage (Carry Trade / Delta Hedge), leading to a strange structure of "long spot + short futures." This means: once the price breaks out and triggers a short squeeze, the forced liquidation of shorts will produce an extremely fierce rebound. But similarly, if spot ETF funds withdraw, the hedge protection from short positions will disappear, and the decline could also happen very quickly.

Morning Analysis From the market trend, after Bitcoin broke through the 80,000 level, it has established effective support in that price range, with consecutive daily positive closes, and the bullish momentum continues to be released. The short squeeze pattern has already been established. Trading Suggestions Place long positions around 80,700-80,400 for Bitcoin. Target around 82,400-82,700. Place long positions around 2,350-2,330 for Ethereum. Target around 2,430-2,450.