The world of crypto and DeFi is rapidly evolving. Our weekly recap provides a concise yet comprehensive overview of the most significant news and trends from the past week.
Trump’s Crypto Strategic Reserve: Coin Selection
U.S. President Donald Trump has announced the creation of a Crypto Strategic Reserve, officially making the government a digital asset holder. The reserve will include Bitcoin (BTC), Ethereum (ETH), XRP, Solana (SOL), and Cardano (ADA), as revealed on Truth Social. This move follows Trump’s January executive order on digital assets, initially met with skepticism.
How Bybit Hackers Laundered $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: Innovation or Fraud?
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.
These events highlight the dynamic nature of the cryptocurrency and DeFi sectors, where technology and global economics continually intersect. Observing these changes is crucial for understanding future developments.
