Ethereum's biggest 'sandwich' bot drained of $7.5 million in ironic exploit
Blockaid said an attacker tricked Jaredfromsubway.eth into approving fake trading routes, then used those approvals to drain WETH, USDC and...
Morning market briefing
Bitcoin starts the session near $64,000 while ETF outflows, Hormuz risk and a major Ethereum MEV exploit set the desk agenda.
Blockaid said an attacker tricked Jaredfromsubway.eth into approving fake trading routes, then used those approvals to drain WETH, USDC and...
Executive scan
Crypto enters the morning with bitcoin back near $64,000 after Friday’s sell-off, but the tone is still macro-sensitive. Coverage is tracking US-Iran talks in Switzerland and renewed Strait of Hormuz threats, with the potential transmission channel running through energy, inflation and rates rather than crypto-native catalysts.
Flows remain a pressure point: multiple reports cite record 30-day outflows from US spot Bitcoin ETFs, around $6 billion to $6.4 billion, alongside a 17% monthly BTC decline. In market structure, Blockaid said Ethereum’s Jaredfromsubway.eth sandwich bot was drained of $7.5 million after fake route approvals exposed WETH, USDC and USDT. Regulation stays active as WhiteBIT secured a MiCA license in Austria, while Japan saw a new Bitcoin ATM installed in Osaka.
Market read
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Market watch
Flows, geopolitics and BTC’s hold near $64,000 are the main market variables into the session.
Policy and risk
MiCA licensing progress contrasts with fresh Ethereum exploit risk and macro uncertainty around Iran talks.
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