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Gold prices fell to a two-week low on Thursday as signs of easing trade tensions boosted risk appetite and reduced golds safe-haven appeal, while a stronger dollar also weighed on gold prices. "The market remains confident that the United States will soon sign a lower tariff agreement with other countries, and this optimism, coupled with a stronger dollar, is weighing on gold prices," said Giovanni Staunovo, an analyst at UBS. Investors are waiting for Fridays non-farm payrolls report to gain further insight into the Feds policy direction. "A weak jobs report should support the Feds calls for further rate cuts this year and push gold prices back to $3,500 an ounce in the coming months," said Giovanni Staunovo.On May 1, institutional analysis pointed out that gold futures plummeted due to easing trade tensions and declining safe-haven demand. The strengthening of the US dollar further dampened enthusiasm for gold as a safe-haven asset and made dollar-denominated commodities more expensive for international buyers. The United States is likely to reach a trade agreement, and market optimism and risk appetite are rising. However, further losses may be limited because expectations of interest rate cuts have also been raised after the United States released a series of weak economic data. The US economy contracted by 0.3% in the first quarter. Lower interest rates usually stimulate demand for non-interest-bearing gold.Ukraines Foreign Minister: The EUs top diplomat has been informed of the mineral agreement reached with the United States.According to the Wall Street Journal: Citigroup hired Trumps former trade chief Robert Lighthizer.According to the Wall Street Journal: The U.S. government has commissioned L3Harris to completely transform a Boeing 747 once used by the Qatari government.

Spambots Promote “YouTube” NFTs, Opensea Confirms

Cory Russell

May 07, 2022 09:54

The Discord server of NFT marketplace Opensea has been hacked.

Spambots have been spreading links to restricted sites. YouTube Social media channel hacking have been on the increase this year, according to NFTs.

While hacks and attacks are common in the Decentralized Finance field, it's rare for its centralized social media platforms to experience the same.

However, the crypto sector has been seeing the latter over the previous several weeks, with Opensea being the most recent addition to the mix.


Another hack of Opensea!

The NFT marketplace, which is based on Ethereum, reported that their Discord server had been hacked a few hours ago. PeckShieldAlert and Serpent, two accounts related with blockchain security, confirmed the same.

Serpent was the first to submit a snapshot of the Discord channel, where spambots seemed to be posting links to a URL called "yoytubenft.art."

The hackers attempted to entice investors to the phishing website by saying that these NFTs were scarce, with just 100 in existence and over 80% minted out.


PeckShieldAlert shared a snapshot of the same website with a warning about hackers attempting to steal people's private keys by deceiving them into granting them token approval and/or purchasing scam tokens.

"Do not open links in our Discord," said the most recent update from Opensea at the time of writing.

We're still looking into this and will update you as soon as we receive more information."

However, this isn't the first time that Opensea users have been hacked. A phishing assault earlier this year cost Opensea subscribers around $1.7 million in NFTs.

A victim even filed a $1 million lawsuit against the marketplace, alleging that the site continued to operate despite the problems.



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