As DeFi and the crypto industry advance rapidly, staying informed about the latest developments is crucial. Our weekly recap offers a concise yet comprehensive overview of the most 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 Bitcoin (BTC), Ethereum (ETH), XRP, Solana (SOL), and Cardano (ADA). This move followed Trump's January executive order on digital assets, initially met with skepticism.
How Did Bybit Hackers Launder $1.39B in 10 Days?
Bybit hackers successfully laundered all 499,000 ETH ($1.39B) stolen from the exchange, as reported by EmberCN. The process took only 10 days, facilitated by THORChain, which processed $5.9B in transactions and earned $5.5M in fees. Hackers used mixing techniques and non-KYC platforms to mask their activities.
Ronaldinho’s STAR10 Token: A Game-Changer or a Red Flag?
Brazilian football icon Ronaldinho unveiled his STAR10 token on BNB Chain, promising exclusive fan perks and AI-driven insights. On-chain data suggests insider trading activities, with STAR10 briefly hitting a $300M market cap before a sharp decline. Investors are questioning if this is a true Web3 initiative or just another celebrity token cash grab.
This week in the crypto industry was eventful: from the establishment of a government crypto reserve to the development of new tokens and solutions. Continuous technological advancements and new initiatives make the market more dynamic and complex.
