As the DeFi and crypto space continues to evolve rapidly, staying informed about the latest developments and trends is essential. Our weekly recap provides a concise and comprehensive overview of the most significant news.
Trump's Crypto Strategic Reserve
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). This follows Trump's January executive order on digital assets, initially met with skepticism.
How Bybit Hackers Laundered $1.39B in 10 Days
ByBit hackers have successfully laundered all 499,000 ETH ($1.39B) stolen from the exchange. The process took just 10 days, with THORChain facilitating $5.9B in transactions and earning $5.5M in fees. Hackers used mixing techniques and non-KYC platforms to cover their tracks.
Ronaldinho’s STAR10 Token: Innovation or Risk?
Brazilian football icon Ronaldinho has unveiled his STAR10 token on BNB Chain, promising exclusive fan perks and AI-driven insights. However, on-chain data suggests insider trading, with STAR10 briefly hitting a $300M market cap before a sharp drop. Investors are questioning the true nature of the project.
These events highlight the dynamism and significance of the crypto and DeFi space, underlining its impact on global finance and technology.
