QuantMaster project lost hundreds of thousands in USDT due to a hardcoded malicious address in their smart contract. An employee claimed AI generated the vulnerable code, but SlowMist's Yu Xian debunked that. Theft reported to authorities. Employee is prime suspect. #DeFi #Security
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Ethereum Foundation clarifies: EOF (EVM Object Format) discussions are separate from the Pectra upgrade. Pectra, scheduled for May 7th, will proceed as planned *without* EOF. #Ethereum #Pectra
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Chinese court convicts individuals for laundering fraud money via crypto OTC. They used 2 wallets to transact over 30M USDT (10,000 transactions!) across ~10,000 accounts, totaling 120M yuan. Crypto was used in 7 telecom/online fraud cases to gain victims' trust & receive illicit funds.
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Grayscale asked the SEC to amend its Ethereum ETF filings (ETHE & ETH) to allow staking. They met with the SEC's crypto task force on April 21. Grayscale says US Ethereum ETPs manage $8.1B but missed $61M in potential yield due to staking restrictions.
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Victory Securities gets HK SFC nod for virtual asset biz! 🎉 They can now offer discretionary account management services (DAMS) for virtual assets to retail & pro investors. Invest in spot virtual assets, futures, & options. Plus, distribute structured products to pros. #crypto #hongkong #regulation
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Ethereum spot ETFs saw $157M net inflow last week (Apr 21-25), per SoSoValue. Fidelity's FETH led the way with $68.59M, bringing its total net inflow to $1.43B!
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Bitcoin ETFs had a HUGE week! Net inflows hit $3.06B (April 21-25), the 2nd highest ever. BlackRock's IBIT led with $1.45B, now totaling $41.20B in historical net inflows. #Bitcoin #ETF
#crypto #blockchain #news #BTC
Virtuals Protocol terminated P.L.A.Y Game AI's Genesis Launch due to malicious activity and user deception. A compensation plan is in place for affected users. Virtuals Protocol will NEVER ask for funds via unofficial channels. #VirtualsProtocol #PLAYGameAI #crypto
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Big crypto token unlocks coming this week! Watch for SUI, OMNI, OP, and more. Linear unlocks for SOL, WLD, TRUMP, TIA, DOGE, and others. Total unlocks estimated over $675M. Note: TRUMP extended lock-up periods. #crypto #tokenunlock
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Jesse Pollak (Base) answered 15 questions from the Chinese community! Topics included: Base vs. Solana, Ethereum's biggest challenges & how Base helps, Coinbase Wallet's potential, his thoughts on Zora & its role in Base, developer focus areas, and missing products in the Base ecosystem. #Base #Ethereum #Coinbase #Zora
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Base head Jesse Pollak answered 15 questions from the Chinese community! Topics included: Base vs. Solana, Ethereum's biggest challenges & Base's solutions, Coinbase Wallet's potential, his thoughts on Zora & its role in the Base ecosystem, key dev areas, and missing products. #Base #Ethereum #Web3
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Ethereum gas limit could 100x in 4 years! EIP-9698 proposes a predictable, transparent growth trajectory using client defaults to solve coordination issues. More capacity, same compatibility. #Ethereum #ETH #EIP9698 #GasLimit
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Loopscale on X: Attacker willing to return stolen funds (5.7M USDC & 1,200 SOL) for a bounty!💰 Attack on April 27th exploited RateX PT token pricing, impacting 12% of platform funds. Loopscale will release recovery plan & post-mortem soon. Stay tuned!
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Binance ETH wallet maintenance on April 30, 2025, at 15:00 (UTC+8). ETH deposits/withdrawals suspended from 14:55 (UTC+8). Maintenance expected to last one hour. Services will resume automatically after.
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CryptoNews: Key macroeconomic events this week include the U.S. April non-farm payrolls report, March core PCE data, Q1 GDP figures, and the Bank of Japan's interest rate decision.
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Ethereum devs propose dynamic fees for application layers! As funding pools grow, fees decrease (square root function), capped at 1% for pools over $10M. Aims to help small devs & incentivize app growth. (via Cointelegraph)
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ALPACA experienced a price drop of over 50% in the past hour, according to Wu Blockchain. This follows Binance's announcement that it will delist the token on May 2, 2025. After the announcement, ALPACA briefly surged by over 800% before the current decline.
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WLFI reports: Founders Zach Witkoff, Zak Folkman & WatcherChase met with Binance's CZ in Abu Dhabi to discuss crypto adoption & industry standards. CZ, who previously mentioned meeting Witkoff & Bilal Bin Saqib, anticipates potential negative media spin but remains focused on building. #crypto #Binance
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Waterdrop Capital says projects they invested in launched on Binance but didn't distribute tokens as agreed. They claim projects changed terms after listing, leaving investors with no options. Listing on top exchanges gives projects too much power, says Dashan of Waterdrop.
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Market maker responds to Bitget accusations, claiming official status since Nov 2024 & prior role at Binance (2022-2024). They cite a VOXEL/USDT surge on April 20th, leading to $43M profit. Most funds remain unwithdrawn; some Binance accounts frozen.
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