Here’s what happened in crypto today
Today in crypto, the White House announced a trade deal with China, but details were lacking, leaving investors skeptical about its impact. Treasury Secretary Scott Bessent stated that substantial progress was made in trade talks, with more information to be revealed on May 12. Meanwhile, Ethereum’s recent network upgrade, Pectra, has introduced a vulnerability that allows hackers to drain user wallets using only offchain signatures, which could be exploited if a user is tricked into signing a message. This attack leverages the new SetCode transaction type. Additionally, Bitcoin Satoshi's Vision (BSV) investors are attempting to revitalize a lawsuit against Binance over claims that the exchange's 2019 delisting harmed BSV's price, seeking up to 10 billion GBP in damages. BSV has faced ongoing struggles, including a price decline and security issues.
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