Category: crypto

Blockchain security firm SlowMist reported that DeFi aggregator 1inch was exploited, resulting in over $5 million in losses. Attackers drained USDC and WETH from outdated smart contracts. 1inch confirmed the breach and is assisting affected resolvers. Despite setbacks, 1inch remains a major player in DeFi, facilitating a significant DEX volume.

In 2025, the NASAA warns retail investors about the risks of crypto and social media scams. Fraudsters are using emerging technologies like AI and crypto to deceive investors with high-risk investments, exploiting FOMO and pressuring them to act quickly. Social media platforms like Facebook and Telegram are increasingly used for fraudulent activities. Scammers are also…

U.S. Treasury Secretary Scott Bessent suggested expanding Bitcoin reserves beyond seizures with budget-neutral strategies to enhance U.S. global financial leadership. President Trump’s executive order to retain confiscated Bitcoin disappointed markets, sparking uncertainty. Bessent confirmed plans to establish a structured approach for maintaining and potentially expanding the crypto reserve.

US President Trump issued an executive order on March 6 to establish a Strategic Bitcoin Reserve, ensuring seized Bitcoin will be held in a national reserve. Treasury and Commerce Secretaries will formulate strategies to expand reserves without taxpayer burden. Industry leaders like Michael Saylor and Brian Armstrong praised the move, predicting global impact.

Solana led the market in February with a trading volume of $102.4 billion, despite a 60% decrease. The decline was due to the cooling off of the memecoin frenzy following the LIBRA token incident. Memecoins accounted for a significant portion of Solana’s trading volume, with a sharp drop in February.

Brazilian company Méliuz recently acquired 45.72 Bitcoin, equivalent to 10% of its cash holdings, for $4.1 million. This makes it the first publicly listed Brazilian firm to hold a significant Bitcoin position. The company sees Bitcoin as a long-term store of value and aims to build long-term value through this investment.

Texas has passed a bill allowing public funds to be invested in Bitcoin, following a trend of states exploring crypto investments. New Hampshire has also advanced similar legislation, while Utah is running out of time to finalize its proposal. President Trump has called for a national crypto reserve, sparking industry debate.

World (formerly Worldcoin) has introduced World Chat, a messaging tool within the World App that allows users to send messages and transact crypto. The chat function is linked to World ID and the World App wallet, enhancing communication and trust. Despite challenges with WLD token value, World continues to grow globally.

Former FTX CEO Sam Bankman-Fried appeared on Tucker Carlson’s podcast, denying that he sees himself as a criminal and expressing optimism for crypto under Trump. SBF discussed his prison experience, interactions with P. Diddy, political donations, criticism of Gary Gensler, and losing associates after FTX’s collapse. He praised Trump’s regulatory stance on crypto.

President Donald Trump signed an executive order establishing a Strategic Bitcoin Reserve and Digital Asset Stockpile, directing the government to retain forfeited crypto as a store of value. The Treasury Department will manage the reserves, with no plan to acquire more assets beyond seizures. The market reacted negatively to the lack of immediate accumulation strategy.