Every week, the world of cryptocurrencies and DeFi witnesses significant events affecting the market and investors. Today, we explore several key stories from this week.
Trump's Crypto Reserve: Details and Implications
U.S. President Donald Trump announced the creation of a Crypto Strategic Reserve, including Bitcoin, Ethereum, XRP, Solana, and Cardano. This followed Trump's January executive order on digital assets, initially met with skepticism.
How Hackers Cashed Out $1.39B in 10 Days
Hackers attacked the ByBit exchange and managed to cash out 499,000 ETH amounting to $1.39B in just 10 days, using THORChain and other non-KYC platforms. This process earned the hackers $5.5M in fees.
Ronaldinho's STAR10 Token: Hope or Scam?
Brazilian football legend Ronaldinho launched the STAR10 token on BNB Chain, promising exclusive fan benefits. However, data reveals insider trading with a sharp drop in value following an initial market cap surge to $300M.
The cryptocurrency and DeFi markets are in constant flux. Whether it's government strategies, hacking incidents, or new celebrity tokens, each of these aspects can impact your investment decision.
