Tag: plata

HTX DAO launched a hackathon in Hong Kong, establishing a ten million dollar fund to promote the integration of AI and Web3, aiming to build a complete ecological loop from development to launch and screen projects with long-term value.

The founder of Cardano pointed out that the KelpDAO hack exposed systemic risks from interdependencies among Ethereum DeFi protocols. The attack was triggered by forged cross-chain messages and spread to the lending market, causing a chain reaction of runs.

The Meme sector is leading the crypto market rally, with multiple concept sectors showing divergent performances. Among them, MemeCore has surged over 26%, while the overall market presents a mixed picture of gains and losses.

OP Labs has introduced the privacy enhancement tool Privacy Boost, aiming to provide privacy features for DeFi applications through technologies like zero-knowledge proofs, lowering compliance barriers to attract traditional institutions into the on-chain domain.

AI sector funding is highly concentrated in leading companies, while regulators focus on integrating digital assets into the financial system and payment system access. Exchange activities are frequent, with large on-chain asset transfers and laundering activities observed.

Base network's first independent upgrade 'Azul' will be deployed on May 13, with its core being the introduction of a multi-proof system to enhance security and shorten withdrawal times, while also integrating high-performance clients to improve network performance.

Kelp DAO suffered a hack resulting in nearly $300 million in losses. The Arbitrum Security Council froze $71 million of the stolen funds, but the hacker has already transferred and begun laundering the remaining $175 million in assets. This incident has sparked intense debate over blockchain immutability and the authority for centralized intervention, while severely damaging market confidence in the DeFi sector.

Arbitrum urgently froze over 30,000 ETH stolen from KelpDAO, SpaceX plans a $50 billion+ acquisition of AI company Cursor. North Korean hackers are laundering the remaining funds, Ripple unveils post-quantum security roadmap.

Russia's legislation advances the legalization of cryptocurrencies, with the central bank designated as the core regulatory body. The bill prohibits the use of cryptocurrencies as a means of payment, allowing only the trading of mainstream assets that meet strict thresholds through licensed intermediaries.

The daily transaction volume on the XRP Ledger has surged to nearly 3 million, setting a new record high. However, the price of the XRP token remains significantly below its previous peak. The market is focused on the divergence between on-chain activity and token price performance, with regulatory clarity seen as a potential key for future value reassessment.

XRPL's asset scale in the real-world asset sector is nearly $1.9 billion, surpassing Solana, with its growth based on genuine institutional adoption. Meanwhile, Ripple announced a multi-phase plan to prepare XRPL for the post-quantum computing era.

Stolen assets from KelpDAO are being laundered on a large scale through THORChain, with over 400 addresses involved, and nearly 99% of the ETH has been cross-chain swapped to Bitcoin.