Maestro Refunds Some of Its Users, Bank of Spain Prepares for Digital Euro

Market Update U.S. equity indices are falling dramatically today as geopolitical and economic worries continue to rise. The SPY has fallen 1.48% while the QQQ has declined 2.49%. Crypto is showing resilience, with $BTC (+1.95%) trading at $34.6k and $ETH (+0.11%) trading slightly below $1,800. $SOL (+7.69%) is showing continued strength ahead of Solana Breakpoint, its developer conference, which is set to begin on Monday. The recent surge in volatility combined with the increasing traction of its v2 product has catalyzed trading volumes for decentralized perpetual futures exchange GMX (+3.27%). Volume on perp DEXs has waned in recent months, but revitalized industry excitement could potentially spark a longer-term trend for decentralized trading platforms and their tokens.Figure: GMX Trading VolumesSource: DuneMaestro, a popular telegram trading bot, suffered an exploit in one of its smart contracts, resulting in the loss of over 280 ETH (~$500k). A security vulnerability in its Router2 contract enabled the unauthorized transfer of funds from users’ accounts. The Router2 contract is responsible for token swap logic, but the exploiter was able to make arbitrary call functions, resulting in illegitimate access to users’ funds. According to Peckshield, the funds were then tran