This week has witnessed numerous significant events in the DeFi and crypto world. We provide a concise overview of the most important news shaping these sectors now.
Trump's Crypto Strategic Reserve: Which Coins Made the Cut?
U.S. President Donald Trump announced the creation of a Crypto Strategic Reserve, including assets like Bitcoin (BTC), Ethereum (ETH), XRP, Solana (SOL), and Cardano (ADA). The announcement, made via Truth Social, follows his January executive order on digital assets, initially met with skepticism.
How Did Bybit Hackers Launder $1.39B in 10 Days?
Hackers who attacked the ByBit exchange successfully laundered 499,000 ETH, equating to $1.39 billion, within ten days. According to EmberCN, the laundering process involved THORChain, where $5.9 billion was cleared, generating $5.5 million 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 legend Ronaldinho launched the STAR10 token on BNB Chain, promising fan-exclusive perks and AI-driven insights. Following warnings against fake meme coins using his name, blockchain data suggests insider trading. STAR10 briefly reached a market cap of $300 million before sharply dropping, raising questions among investors.
The past week was eventful for the crypto sphere, from government initiatives to create their reserves, to hacking incidents and new celebrity token launches. Staying informed is crucial as these events can have significant impacts on the crypto market's evolution.
