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BlockBeats News, May 18th, according to PeckShield monitoring, the Adshares cross-chain bridge attacker has returned 256 ETH to the project deployer address, worth approximately $540,700, accounting for about 86% of the previously stolen funds. Previously, the Adshares cross-chain bridge suffered an attack on May 17, 2026, losing approximately $628,000.

⑴ Following last week’s separate notice raising the total import duty rate on gold and silver to 15%, India’s Directorate General of Foreign Trade has issued a new notice stipulating that under the Advance Authorization Scheme, each authorization only allows for the import of 100 kilograms of gold. Previously, this scheme permitted jewelry exporters to import gold duty-free as raw material for manufacturing export jewelry, with no quantity restrictions. The new notice further clarifies that any subsequent application for gold import authorization will only be considered after fulfilling at least 50% of the export obligation.⑵ According to data from the Gem and Jewellery Export Promotion Council of India, India’s total gold jewelry exports for the 2025-2026 fiscal year reached $11.2 billion, a year-on-year decrease of 21.7%. Institutions believe that while high gold prices are a contributing factor, the main reason for the export decline is the higher tariffs imposed by the United States. The United States has always been India’s largest importer of gems and jewelry, followed by the UAE. As Indian authorities implement these additional restrictions, it is expected that gold exports will further decline this fiscal year, dropping by at least 15% year-on-year.⑶ The core transmission mechanism of the export decline is an extended production cycle: the turnaround time from sourcing raw materials to receiving export remittances will be longer than before. This will squeeze the cash flow and order fulfillment capabilities of jewelry exporters. In the future, attention will be on whether the Indian government will adjust its restrictive measures to balance the contradiction between the trade deficit and export competitiveness, as well as the ongoing impact of U.S. tariff policy on the global jewelry supply chain.

According to ChainCatcher, although the U.S. Clarity Act smoothly passed the Senate Banking Committee last week—providing the clearest path so far for establishing a comprehensive regulatory framework for the crypto industry—the current deteriorating macro environment is suppressing market risk appetite, and crypto assets are also under pressure. Crypto analyst Omkar Godbole wrote that the market is currently facing three main risks: first, volatility in the U.S. Treasury market has risen significantly. The MOVE index, which measures U.S. Treasury volatility, surged 14.7% to 79.87 last Friday, reaching its highest level since April 7. As U.S. Treasuries are the core collateral in the global financial system, rising yields and volatility usually restrain risk-asset performance and prompt widespread deleveraging. Second, the risk of yen depreciation continues to intensify. The USD/JPY exchange rate has recently risen from 155 to nearly 159, approaching the key 160 level at which the Bank of Japan has historically intervened. The market is concerned that if the Bank of Japan intervenes and pushes up the yen, it could trigger the closing of "carry trades" financed with low-interest yen, leading to a contraction in global liquidity. QCP Capital stated that if a large number of crowded yen-funded carry positions are simultaneously unwound, it could impact global risk assets. Third, international oil prices continue to rise. Both WTI and Brent crude oil have exceeded $100 per barrel. Fatih Birol, head of the International Energy Agency (IEA), warned that due to the Iran conflict and the closure of the Strait of Hormuz, global commercial crude oil inventories are rapidly declining, with remaining stocks possibly lasting only a few weeks. If oil prices continue to rise, this could reignite global inflation and further tighten financial conditions. Although the regulatory environment is improving, current macroeconomic pressures—including bond market volatility, the risks associated with yen carry trades, and rising oil prices—are temporarily outweighing positive factors in the crypto market. "At present, macro factors are dominant." In addition, since 2026, there have been frequent cross-chain bridge attacks, with hackers having stolen approximately $328 million through eight major bridge attacks so far, highlighting that infrastructure security issues in the industry remain prominent.