NewsBriefs - Defi hacks reveal offchain attack vectors as primary threat

Aug 14, 1:03 PM Cointelegraph

Defi hacks reveal offchain attack vectors as primary threat

Offchain attack vectors account for 57.5% of financial losses in the top 100 DeFi hacks. Compromised private keys were responsible for 52.2% of attacks and 55.7% of value lost in 2024. While smart contract vulnerabilities remain a concern, lack of investor awareness is becoming a bigger vulnerability. The top 100 DeFi hacks resulted in $7.35 billion worth of stolen crypto assets. Crypto hacks in 2024 could surpass 2023 due to growing TVL in DeFi, with three hacks already in the top ten for value lost.

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• Apr 22, 4:42 PM Kosmo!

  Binance co-founder CZ and Malaysia's Prime Minister discuss blockchain industry potential

  Malaysia's Prime Minister Anwar Ibrahim met with Binance founder CZ to explore Malaysia's potential as a key player in the blockchain and digital assets industry. The discussions included potential collaborations with agencies like the Securities Commission, Bank Negara Malaysia, and the Digital Ministry to promote responsible innovation in tokenization and other blockchain use cases. Anwar emphasized the importance of government leadership in driving blockchain adoption for Malaysia's digital transformation.

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• Apr 22, 4:30 PM PR Newswire

  Monad joins Chainlink Scale to enhance its blockchain ecosystem

  Monad, a layer 1 blockchain optimized for EVM with features like MonadBFT and Parallel Execution, has joined the Chainlink Scale program to expand its ecosystem through integration of Chainlink's oracle services. This partnership will provide Monad with highly secure and decentralized data feeds, which are crucial for accelerating ecosystem growth and promoting long-term adoption. Additionally, Monad will implement Chainlink CCIP and Data Streams on its Testnet, further deepening their strategic relationship and expanding capabilities for DeFi and other applications on Monad.

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• Apr 22, 4:18 PM The Block

  Janover intensifies Solana acquisition after rebranding, plans future crypto expansion

  DeFi Development Corporation, previously known as Janover and recently acquired by former Kraken executives, announced the purchase of an additional 88,164 Solana tokens worth approximately $11.5 million, expanding its total holdings to about $34.4 million. This investment is part of a broad strategy to leverage the Solana blockchain, including staking and long-term accumulation of diverse crypto assets. The company, now referred to as JNVR, plans to further integrate crypto into its commercial real estate financial services.

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• Apr 22, 10:51 AM The Block

  Galaxy Digital trades $106 million in ETH for SOL amid Ethereum's market challenges

  Galaxy Digital has exchanged approximately $106 million in Ethereum (ETH) for Solana (SOL) tokens, signaling a potential lack of confidence in Ethereum as its price and market dominance falter. Blockchain analytics by Lookonchain indicated this shift occurred over two weeks via transactions on the Binance exchange. Ethereum's market dominance recently hit a historical low of less than 7%, with the network facing scalability issues and declining decentralized exchange volumes. Galaxy's actions align with broader institutional trends showing reduced Ethereum holdings.

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• Apr 21, 3:54 PM Cointelegraph

  Consensys, Solana, and Uniswap CEO donate to Trump's $239M inauguration fund

  New Federal Election Commission filings disclose significant contributions from crypto firms and executives to President Donald Trump's 2024 inauguration fund. Uniswap CEO Hayden Adams donated over $245,000, Solana Labs contributed $1 million, and Consensys gave $100,000. Since Trump's inauguration and the appointment of Mark Uyeda as acting SEC chair, the agency has ceased multiple enforcement actions against crypto firms that donated to Trump's campaign and inauguration fund.

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• Apr 21, 1:37 PM The Block

  GSR leads $100 million investment to establish Upexi's Solana treasury

  GSR led a $100 million PIPE investment into Upexi to develop a Solana treasury, aiming to bolster the company's crypto holdings and stake in Solana. This move illustrates the increasing market demand for secure, efficient access to prominent crypto assets like Solana, which is praised for its speed, scalability, and strong developer community. Upexi joins other firms, including Janover, in building a Solana treasury to support long-term growth through high-quality crypto assets.

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• Apr 21, 10:50 AM The Business Times

  Singapore Exchange to launch Bitcoin perpetual futures targeting professional investors

  Singapore Exchange (SGX) plans to launch Bitcoin perpetual futures in the second half of 2025, aiming to attract institutional and professional investors. This initiative, reflecting a broader trend of traditional exchanges entering the crypto derivatives market, is expected to keep SGX competitive as crypto gains recognition as an investment asset. Perpetual futures, unlike traditional futures, do not expire and allow trading based on cryptocurrency price movements. Positive feedback from both decentralized and traditional finance sectors has been noted. Industry leaders view this move as enhancing Bitcoin's image as an investment-grade asset and validating cryptocurrencies within regulated markets.

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• Apr 21, 10:33 AM The Wall Street Journal

  Coinbase, Circle, and BitGo consider applying for bank charters: WSJ

  Following President Trump's pledge to make the US a bitcoin superpower, crypto firms including Circle, BitGo, Coinbase, and Paxos are planning to secure bank charters or licenses to operate more like traditional banks. This comes as Congress advances bills for stablecoin regulation and the Trump administration aims to incorporate crypto into mainstream finance. Meanwhile, major banks are reconsidering their previous stance of distancing from crypto, amid changing regulatory environments.

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• Apr 21, 4:59 AM The Block

  Metaplanet purchases additional 330 BTC amid market uncertainty

  Japanese investment firm Metaplanet has acquired an additional 330 bitcoins, valued at $28.2 million, despite ongoing market uncertainties due to US tariff measures. This purchase aligns with a rallying bitcoin price, recently exceeding $87,000. Metaplanet now holds 4,855 BTC, maintaining its position as the largest corporate bitcoin holder in Asia and tenth globally. The company continues its strategy to reach a 10,000 BTC portfolio by year-end, adhering closely to the investment footsteps of strategy influencer Michael Saylor's Strategy.

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• Apr 18, 7:16 PM Kraken

  Kraken launches forex perpetual futures

  Kraken Derivatives has introduced FX perpetual futures (FX perps), offering contracts for major currency pairs like EUR/USD and GBP/USD with 20x leverage. These contracts, available on the Kraken Pro platform, provide opportunities for clients to trade without an expiry date, reflecting the underlying forex market conditions in real time. Alexia Theodorou, Head of Derivatives at Kraken, noted that this expansion leverages their established presence in the FX market to enhance trading capabilities for their clients.

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• Apr 18, 3:17 PM The Block

  Oregon attorney general to file lawsuit against Coinbase

  Oregon Attorney General Dan Rayfield is planning to initiate a securities enforcement lawsuit against Coinbase, reflecting previous federal charges dismissed by the US Securities and Exchange Commission earlier this year. The legal action, disclosed by Coinbase's Chief Legal Officer Paul Grewal, underscores ongoing regulatory challenges for crypto exchanges in the US amid changing federal approaches and pending national legislation.

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• Apr 18, 12:52 PM Bitcoin Sistemi

  Arizona advances in crypto legislation with SB 1373 clearing House committee

  Arizona's Strategic Digital Assets Reserve Bill, SB 1373, which aims to establish a state-managed strategic reserve fund for digital assets, has progressed through a House committee. The bill proposes the creation of a fund that integrates crypto seized by law enforcement and managed by the state treasurer using secure custody solutions. Investment is capped at 10% per financial year and encompasses a broad definition of digital assets, including Bitcoin, stablecoins, and NFTs. The bill now awaits a third reading and approval from Governor Katie Hobbs amid growing legislative focus on integrating crypto into public finance.

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• Apr 18, 2:57 AM Bitcoin Talk

  eXch to shut down operations after Bybit hack, commits 50 BTC to privacy development

  eXch has announced it will cease operations amid pressures from a transatlantic operation aiming to shut down the project on accusations of enabling illicit activities. Despite demonstrating effective privacy features and rejecting labels as a 'mixer,' the platform faced external misunderstanding and misinterpretation of its goals. As part of its closure, eXch is donating 50 BTC to support open-source projects that enhance crypto privacy solutions, including Bitcoin, Thorchain, and Ethereum privacy-preserving tools. The decision follows challenges from state intelligence and regulatory bodies misjudging the platform's intentions.

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• Apr 18, 1:28 AM CoinDesk

  Crypto project founder gambles with investor bags, gets rekt and faces arrest

  Richard Kim, ex-executive of Galaxy, Goldman Sachs, and JPMorgan, was arrested on securities and wire fraud charges for misappropriating nearly all of the $7 million raised from investors in his crypto casino venture, Zero Edge. The FBI revealed that Kim had induced investments under false pretenses and gambled away significant sums through high-risk crypto trades. Following significant losses and a failed attempt to manage his debts through further trading and fund-raising, Kim has admitted to the missteps and surrendered himself to the US Securities and Exchange Commission.

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• Apr 17, 5:55 PM The Block

  Coinbase boosts Solana support to improve transaction speeds and reliability

  Coinbase has significantly enhanced its support capabilities for the Solana ecosystem addressing user concerns and improving transaction processing speeds and reliability. The infrastructure updates include five times faster block processing throughput, four-fold improvements in RPC, augmented failover mechanisms for better system resilience, and operational optimizations. This move follows previously reported transaction delays in the Solana network and aims to cater to increasing transaction volumes as Solana grows.

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