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Key Highlights of the Week in DeFi and Crypto Industry

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by Giorgi Kostiuk

3 hours ago


The cryptocurrency industry continues to grow rapidly, making it crucial to stay updated with the latest news and trends. Our summary provides a concise overview of the most significant and current events in the DeFi and crypto space.

Trump's Crypto Reserve: Which Coins Were Included

U.S. President Donald Trump has announced the establishment of a Crypto Strategic Reserve, officially making the government a holder of digital assets. The reserve includes Bitcoin (BTC), Ethereum (ETH), XRP, Solana (SOL), and Cardano (ADA), as announced on Truth Social.

How Bybit Hackers Laundered $1.39B in 10 Days

ByBit hackers laundered all 499,000 ETH ($1.39B) stolen from the exchange according to EmberCN. The process took only 10 days with THORChain facilitating $5.9B in transactions and earning $5.5M in fees.

Hackers utilized mixing techniques and non-KYC platforms to conceal their activities.

Ronaldinho’s STAR10 Token: A Breakthrough or a Warning Sign

Brazilian football icon Ronaldinho has launched his STAR10 token on the BNB Chain, promising exclusive fan perks and AI-driven insights. However, on-chain analysis suggests it might be misleading.

These stories highlight various aspects and challenges facing the crypto industry, from government regulation to potential risks of investing in celebrity-linked projects.

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