As the DeFi and crypto space continues to evolve rapidly, it's essential to stay informed about the latest developments and trends. This roundup provides an overview of the most significant news and trends, helping you stay informed with the latest happenings.
Creation of Crypto Strategic Reserves
U.S. President Donald Trump announced the creation of a Crypto Strategic Reserve, making the government an official holder of digital assets. The reserve will include Bitcoin (BTC), Ethereum (ETH), XRP, Solana (SOL), and Cardano (ADA), as revealed on Truth Social. The move follows Trump's January executive order on digital assets, initially met with skepticism.
Cyber Attacks and Their Consequences
ByBit hackers successfully laundered all 499,000 ETH ($1.39B) stolen from the exchange in just 10 days. According to EmberCN, THORChain facilitated $5.9B in transactions, earning $5.5M in fees. Hackers used mixing techniques and non-KYC platforms to cover their tracks.
Ronaldinho’s Token Launch
Brazilian football icon Ronaldinho unveiled his STAR10 token on BNB Chain, promising exclusive fan perks and AI-driven insights. The launch follows his warning against fake meme coins using his name. However, on-chain data suggests insider trading, with STAR10 briefly hitting a $300M market cap before a sharp drop. Investors question whether this is a true Web3 project or just another celebrity token cash grab.
In summary, this week saw numerous significant events in the DeFi and crypto world. From the creation of strategic crypto reserves to hacker attacks and new token launches, these events could have a considerable impact on the future of digital assets.
