The DeFi and crypto space continues to evolve rapidly, with key developments shaping the industry. This recap highlights the most significant news of the week.
Trump's Crypto Strategic Reserve: Which Coins Made the Cut?
U.S. President Donald Trump announced the creation of a Crypto Strategic Reserve, including Bitcoin (BTC), Ethereum (ETH), XRP, Solana (SOL), and Cardano (ADA), as revealed on Truth Social. The move follows his executive order on digital assets, initially met with skepticism.
How Did Bybit Hackers Launder $1.39B in 10 Days?
According to EmberCN, ByBit hackers successfully laundered 499,000 ETH ($1.39B) stolen from the exchange in just 10 days. 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 STAR10 Token: A Game-Changer or a Red Flag?
Brazilian football icon Ronaldinho launched his STAR10 token on BNB Chain, offering exclusive fan perks and AI-driven insights. Following his warning against fake meme coins bearing his name, on-chain data suggests insider trading, with STAR10 reaching a $300M market cap before dropping sharply. Investors question whether this is a genuine Web3 project or just another celebrity token cash grab.
These events highlight ongoing challenges and opportunities within the crypto and DeFi field. From strategic initiatives to security concerns and technological innovations, the industry continues to evolve at a rapid pace.
