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Frank Bisignano just took the top job at the Social Security Administration, and nearly 73 million people might see changes in how they get their money. Frank, a former finance exec, was confirmed as commissioner this week under Donald Trump’s new term in the White House. The agency’s already gone through a mountain of reforms in the first 100 days of Trump’s return — many driven by the Department of Government Efficiency. Now, with Frank in charge, those changes are going even faster. According to CNBC, adjustments are already affecting pensions, overpayment rules, phone wait times, and direct deposit setups. From the way checks are calculated to how the agency handles mistakes, Trump’s government is pressing harder on enforcement and automation. A new law that kicked in this January is giving almost 3 million people a raise in their Social Security checks. The Social Security Fairness Act targets workers who used to get hit by the Windfall Elimination Provision and the Government Pension Offset — two rules that cut down benefits for folks with jobs that didn’t pay into Social Security. That includes teachers, cops, firefighters, federal employees under the Civil Service Retirement System, and workers under foreign pension plans. Under the new law, they’ll now get full Social Security benefits. Monthly increases started going out in February and could be small for some, but others will see over $1,000 more every month. And it’s not just future checks getting bumped. The agency is also sending retroactive payments all the way back to January 2024. In just over three months, Social Security has already paid $14.8 billion in back pay to more than 2.2 million people. The catch? Not everyone’s getting their check right away. Some cases need manual processing, and the agency says it could take over a year to get those paid. The way Social Security handles overpayments has also changed again. If the government pays someone too much by mistake — which can go unnoticed for months or even years — it eventually sends a letter demanding the money back. Under Joe Biden, the default repayment rate was lowered to 10% of a person’s monthly benefit, or $10, whichever was higher. That was meant to ease the burden. Under Trump, the agency announced in March that it planned to bring the rate back up to 100%, meaning someone could lose their entire check until the debt was cleared. The move was supposed to recover about $7 billion over the next ten years. But after complaints, the agency adjusted the plan. Starting April 25, the default withholding rate for new overpayment letters is now 50% for retirement, survivor, and disability benefits. For SSI, the rate stays at 10%. That’s still too much for some. Richard Fiesta, head of the Alliance for Retired Americans, told CNBC, “Losing 50% [of benefits] for a lot of people could put them into immediate economic hardship.” And that’s not the only reason a check can shrink. On May 5, the federal government restarted collection efforts for defaulted student loans. That means the Education Department can now use the Treasury Department Offset Program to grab Social Security benefits, tax refunds, and even paychecks to cover unpaid loans. Some people could see those deductions as early as June. The agency can also withhold checks for unpaid child support, alimony, restitution, and tax debt, depending on who you owe. Both parties in Congress are complaining. Republicans in the House Ways and Means Committee told Frank these problems aren’t new. But Democrats worry that if nothing gets fixed, more chaos is coming. The agency says it’s working on a new telecom system that should make phone calls easier. The full upgrade is expected to be finished by the end of this summer. Early results show slightly better answer rates, but the problems aren’t gone. KEY Difference Wire helps crypto brands break through and dominate headlines fast

$OBOL Swing trading aims to capture price movements over days or weeks by leveraging key technical levels. Here’s how to trade **$OBOL** effectively using support/resistance (S/R) analysis. --- ### **1. Identifying Support & Resistance Levels** #### **A. Chart Analysis** - **Historical Levels**: Identify past price reactions (bounces/rejections) to pinpoint strong S/R zones. - **Timeframes**: Use **daily (D1) and 4-hour (H4) charts** for swing trading—avoid noise from shorter timeframes. #### **B. Trend Lines & Channels** - **Uptrend**: Connect higher lows for dynamic support. - **Downtrend**: Connect lower highs for dynamic resistance. - **Channels**: Parallel trend lines can define trading ranges. #### **C. Volume & Price Action Confirmation** - High volume at a price level strengthens its significance as S/R. - Look for **bullish/bearish reversal candlestick patterns** (e.g., hammers, engulfing) at these levels. #### **D. Moving Averages (Optional but Useful)** - **50 EMA** or **200 EMA** can act as dynamic S/R levels. --- ### **2. Trading Strategies** #### **A. Buy at Support** - **Entry**: When price bounces off support with bullish confirmation (e.g., volume spike, reversal candle). - **Stop-Loss**: Just below the support zone (allowing for minor wicks). - **Take-Profit**: Near the next resistance level (1:2 or 1:3 risk-reward ratio). #### **B. Sell at Resistance** - **Entry**: When price rejects resistance with bearish confirmation (e.g., shooting star, low volume breakout). - **Stop-Loss**: Just above resistance. - **Take-Profit**: Near the next support level. #### **C. Breakout Trading (Advanced)** - If **$OBOL** breaks resistance with high volume, consider buying with a stop below the breakout level. - False breakouts (low volume) can be faded (trade in the opposite direction). #### **D. Range Trading** - Buy near support, sell near resistance in a sideways market. - Avoid trading ranges near major news events. --- ### **3. Risk Management** - **Stop-Loss**: Always use one (1-3% of capital per trade). - **Position Sizing**: Risk only 1-2% of your account per trade. - **Risk/Reward Ratio**: Aim for **1:2 or better** (e.g., 5% potential loss vs. 10%+ gain). --- ### **4. Tips for Medium-Term Success** ✅ **Trend Alignment**: Trade in the direction of the higher timeframe trend (e.g., if weekly is bullish, prefer buying dips). ✅ **Avoid Overtrading**: Wait for high-probability setups near key levels. ✅ **News Awareness**: Earnings, partnerships, or sector trends can impact $OBOL. ✅ **Patience**: Swing trades may take days/weeks—avoid premature exits. --- ### **5. Example Trade Setup** - **Scenario**: $OBOL pulls back to a strong support level at **$10.50** (previous bounce zone + rising 50 EMA). - **Entry**: $10.55 after a bullish engulfing candle. - **Stop-Loss**: $10.30 (below support). - **Target**: $11.50 (next resistance). - **Risk-Reward**: 2.4% risk vs. 9% reward (~1:4 ratio). --- ### **Final Thoughts** Swing trading **$OBOL** with S/R levels requires discipline and patience. Backtest your strategy, refine entries/exits, and always manage risk. Over time, this approach can yield consistent medium-term gains.

Defillama founder: Hackers hacked into an address in the Lido oracle multi-signature and exposed traces after extracting ETH Defillama founder 0xngmi posted on the X platform that hackers managed to hack into an address in the Lido oracle multi-signature and exposed their whereabouts after stealing 1.4 ETH. 0xngmi added that it might be worth putting some simple coins in a multi-signature wallet to act as a canary and sound an alarm when the wallet is compromised. Earlier news, Lido DAO launched an emergency proposal to replace the oracle node suspected of leaking private keys

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Ethereum ($ETH ) has recently experienced a significant price surge, prompting the question of whether this rally can persist. To determine this, we need to weigh the bullish and bearish factors influencing ETH’s price trajectory based on current market dynamics and available insights. Bullish Factors Supporting the Rally Several elements suggest that $ETH upward momentum could continue: - Potential Supply Crisis: A notable portion of $ETH supply—approximately 0.42%—is reportedly locked, with exchange balances at their lowest in nine years. This reduction in available supply, combined with sustained or growing demand, could exert upward pressure on prices, potentially fueling the rally further. - Positive Developments: Recent news, such as the dropping of SEC cases against Ethereum-related entities, may bolster investor confidence. Regulatory clarity or reduced legal overhangs often act as catalysts for price appreciation in cryptocurrencies. - $ETH /$BTC Bottoming Out: The $ETH /$BTC ratio, which measures $ETH performance relative to Bitcoin, has been in a prolonged downtrend. However, signs of a potential bottom or reversal (e.g., technical patterns like a hammer candle on weekly charts) could indicate that $ETH is poised to outperform $BTC , supporting a continued rally in USD terms. - Short-Term Buying Pressure: Specific market events, such as exchanges needing to repurchase $ETH to cover obligations (e.g., bridge loans following security incidents), could create temporary buying pressure, providing additional lift to the price. Bearish Factors Challenging Sustainability Conversely, there are significant risks and indicators that suggest the rally might falter: - Selling Pressure and Weak Q1 Performance: $ETH reportedly faced its worst Q1 since inception in 2025, with negative returns throughout the first three months. Significant market sells (e.g., $1.4 billion over 10 days leading to a 50% drop earlier in the year) highlight vulnerability to downward pressure. - Negative Technical Indicators: Charts show persistent weakness, including a steep $ETH /$BTC downtrend, repeated rejection of $ETH rallies, and outperformance by competitors like Solana ($SOL / $ETH trending upward). These trends suggest a lack of sustained bullish momentum. - High Open Interest and Funding Rates: As of May 11, 2025, $5 billion in Open Interest (OI) has been added since May 7, with funding rates hitting a three-month high. Additionally, substantial sell orders above $2,600 on Binance indicate potential resistance. A rally driven heavily by perpetual futures (perp-driven) often signals leveraged speculation, which can lead to volatility or corrections. - Historical Precedents of Dumping: Earlier analyses predicted further declines, with some suggesting $ETH could drop 20% to its 2018 all-time high level if selling persists. This bearish sentiment lingers despite the recent surge. Synthesis and Outlook The recent surge in $ETH , highlighted on May 11, 2025, appears to be driven by a mix of leveraged trading activity (e.g., high OI and funding rates) and underlying fundamentals (e.g., supply constraints). However, the rally’s sustainability remains uncertain: - Short-Term Potential: The combination of reduced supply and positive catalysts could propel $ETH higher in the near term, especially if buying pressure persists and resistance levels (e.g., $2,600) are breached. - Longer-Term Risks: The reliance on perpetual futures, coupled with bearish technical signals and prior selling pressure, raises the possibility of a pullback. If leveraged positions unwind or selling intensifies, the rally could stall or reverse. Conclusion The sustainability of Ethereum’s recent rally is uncertain, hinging on a delicate balance between bullish and bearish forces. Bullish factors—such as a potential supply crisis, regulatory tailwinds, and a possible ETH/BTC reversal—provide a foundation for continued growth. However, bearish factors—including selling pressure, negative technical trends, and a speculative, perp-driven surge—suggest caution. For the rally to persist, the bullish fundamentals must overpower the technical and market headwinds. Investors should monitor key levels (e.g., $2,600 resistance), funding rates, and supply dynamics closely to gauge the rally’s staying power.