As the DeFi and crypto space continues to evolve at a rapid pace, it's essential to stay informed about the latest developments and trends. Our weekly recap provides a concise yet comprehensive overview of the most significant news and trends in the DeFi and crypto space.
Trump's Crypto Strategic Reserve
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, Ethereum, XRP, Solana, and Cardano, as revealed on Truth Social. The move follows Trump's January executive order on digital assets, initially met with skepticism.
Bybit Hackers Laundered $1.39B
ByBit hackers have successfully laundered all 499,000 ETH 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.
STAR10 Token: Innovation or Cash Grab?
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.
The crypto space continues to amaze with new initiatives and events shaping the future of the financial industry. Stay informed to not miss out on the most important moments.
