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News

⚠️ Coinbase Suffers Cyberattack, Promises Reimbursement

Coinbase has fallen victim to a cyberattack, becoming the latest casualty in the growing crypto hacks. In an unusually targeted attack, the criminals allegedly bribed and recruited rogue overseas support agents to gain access to users’ personal data. Both Coinbase and its CEO, Brian Armstrong, issued statements outlining the impact and the countermeasures on Thursday morning.

📊 US PPI Inflation Softens to 2.4%; Crypto Market to Rally?

After favourable Consumer Price Index (CPI) data earlier this week, the softer-than-expected Producer Price Index (PPI) of 2.4% on Thursday has boosted sentiments for the crypto market. Today, the U.S. Bureau of Labor Statistics released the PPI data, and it came as a pleasant surprise for the market. Following the release, Bitcoin prices rallied 1% and are trading close to $103K.

Markets

📢 Solana (SOL) Crashes 8% as Sell Signals Multiply – Is $150 Next?

Solana (SOL) is dropping after Bitcoin closed below $103,000, forcing many altcoins to tumble. SOL is one of the worst performers today, May 15, after an intraday loss of 8% to trade at $170 at press time. More sell signals have emerged, suggesting it is facing another crash to the $150 support level.

🌐 Binance Chain Project Onboards VanEck’s VBILL – Here’s How It Will Affect BNB Price

VanEck’s new tokenized Treasury fund “VBILL” is set to launch on Binance (BNB), providing institutional tailwinds. Can this drive BNB’s price to new all-time highs as it rebounds with a rising channel?