Category: crypto

Blockchain investigator ZachXBT has raised concerns about the crypto industry’s inability to address security breaches and illicit fund movements. He found that both decentralized and centralized platforms have fundamental flaws that enable malicious actors to exploit weaknesses. Despite barriers to reform, he emphasizes the need for industry-wide improvements in incident response and analytics integration.

Spark has announced BlackRock, Superstate, and Centrifuge as winners of its Tokenization Grand Prix. The competition aims to allocate $1 billion in tokenized assets, with BlackRock’s BUIDL fund receiving half. The final allocation is subject to Sky governance approval. The initiative aims to diversify Spark’s balance sheet and expand stablecoin adoption in DeFi.

The Bank of Korea is launching a pilot program with 100,000 participants in early April to test its central bank digital currency in real-world transactions. This initiative involves seven South Korean banks and aims to evaluate the viability of CBDCs in simplifying payment systems and reducing transaction fees.

TRON founder Justin Sun hinted at TRX integration in the Solana ecosystem, leading to a 4% spike in TRX value. The collaboration could enable interoperability between TRON and Solana, with potential Wrapped TRX launch. TRON has seen significant growth, surpassing Ethereum and Solana in transaction fees and revenue generation.

Strategy, formerly known as MicroStrategy, plans to raise capital through a Strife Preferred Stock (STRF) offering, issuing 5 million shares of Series A Perpetual STRF stock. The capital will be used for corporate operations, including Bitcoin acquisitions. Concerns have been raised about the financial risks of the offering, with analysts comparing it to the collapse…

BNB Chain has launched the Good Will Alliance to combat malicious MEV practices, starting with measures against sandwich attacks on Binance Smart Chain. The initiative aims to unite stakeholders to establish ethical standards and enhance security within the ecosystem. Initial actions focus on mitigating sandwich attacks through advanced filters. The alliance plans to expand further…

The Dubai Financial Services Authority (DFSA) is inviting firms to join its Tokenization Regulatory Sandbox by April 24, 2025. The initiative targets firms offering tokenized investment products. Eligible services include equities, bonds, and collective investment fund units. Successful applicants will receive regulatory guidance and testing opportunities. The initiative supports UAE’s pro-crypto stance.

The Solana Foundation faced backlash for a controversial video promoting technological progress in the United States, which sparked outrage in the crypto community. Despite defending the ad, prominent voices criticized the foundation for engaging in divisive political messaging and urged a focus on neutrality and inclusivity in the industry.

The Cronos community voted to restore 70 billion CRO tokens previously burned in 2021, increasing the total supply back to 100 billion. The decision, largely influenced by Crypto.com, sparked backlash among members who raised concerns over decentralization and the company’s influence. The move led to a drop in CRO’s price.

Four.Meme, a Memecoin launchpad on BNB Chain, faced a $130,000 loss due to an exploit. The platform suspended its launch function for investigation, but later resumed it after compensating affected users. The attack involved exploiting a vulnerability in the 0x7f79f6df function to manipulate liquidity and drain pool funds.