As the DeFi and crypto space continues to evolve rapidly, it's essential to stay informed about the latest trends. This weekly recap provides a comprehensive overview of the significant news and trends in the DeFi and crypto space.
Trump's Crypto Strategic Reserve: Which Coins Made the Cut?
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.
How Did ByBit Hackers Launder $1.39B in 10 Days?
ByBit hackers have successfully laundered all 499,000 ETH ($1.39B) stolen from the exchange, per EmberCN. 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: A Game-Changer or a Red Flag?
Brazilian football icon Ronaldinho has 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 now question whether this is a true Web3 project or just another celebrity token cash grab.
This week's overview illustrates how rapidly the DeFi and crypto world is changing, highlighting strategic decisions and innovations.
