“Also: Bitcoin Defi Blossoms, Fusaka Planning Begins, and Telegram Cracks Down on Crypto Crime Marketplace”, – WRITE: www.coindesk.com
In this Issue:
- Hacking Attempt on Lido Results in 1.4 Ether Lost From Oracle Provider
- Bitcoin Defi Security Improves As Rootstock Boosts Hashrate Share
- Ethereum’s Next Upgrade ‘Fusaka’ Could Cut Layer-2 and Validator Costs
- Telegram Cracks Down On $ 8 Billion Crypto Crime Marketplace
Network NewsLido Avoids Major Security Breach: Lido, Ethereum’s Largest Liquid Staking Protocol, Avoided A Majoor Security Incident After One of Its Nine Oracle Keys Was Compromized In What Appears to Be A Low-IIPACT BUTTUS Chorus One. Lido Secures Over 25% of All Ether (ETH) Staged on Ethereum, Making IT One of the MOST Systemically Important Protocols in the Ethereum Ecosystom. The Compromised Key Was Tied to A Hot Wallet Used for Oracle Reporting, Leading to Thefrs of Just 1.46 ETH ($ 4,200) in Gas Fees. No User Funds Were Affected, and No Broader Compromise Was Deteted, Per X Posts from Both Lido and Corus One. – TIM Craig Read More.
Bitcoin Defi Blossoming: DECENTRALIZED FINANCE (DEFI) ON THE BITCOIN BLOCKCHAIN MAY STILL BE INFANCY RELATIVE TO EHEREUM, BUT BITCOIN DEFI Report. A Central Participant Is Rootstock, One of the Oldst Bitcoin Layer-2 Projects, Crypto Analytics Firm Messari SAID IN ITS “STATE OF COOTSTOK” REPORT. RootStock Is Now Securered by 81% of Bitcoin’s Total Hashrate, Meaning MINers That Account for Amount The Hashrate ALSO APPROVING TRANSACTION Spiderpool, The World’s Largest and Sixth-Largest Mining Pools, Respectively, In February. – Jamie crawley Read More.
Fusaka Planning Begins: After the successful deployment of Last Week of Pectra, Ethereum’s Biggest Upgrade in More Than A Year, The Network’s Core Developers Are Already Shifting Focus to the NEXT MAjo. Pectra, The Biggest Code Change to Ethereum Since the Merge in 2022, Introduced Key Changes Aimed at Making Staking Easier for Institutions, Improving Wallet Accessia Developers have already begun planning for fusaka, The Network’s Next Upgrade, and Have Thus Far Agreed to Include an Ethereum Improvement Proposal Larger “Blobs” of Transaction Data. – Margaux nijkerk Read More.
Telegram Cracks Down on Crypto Crime Marketplace: Messaging App Telegram Has Closed thoouss of Channels Belfing to Suspected Chinese Crypto-Crime MarketPlaces After New Research Shad Light on the Sity, Access to Ellipt. The Closure Follows A Report Published by the Blockchain Analytics Firm on Tuesday Into the Fast-Growing Telegram-Basted Marketplace Called Xinbi Gurantee. The Colorado-Incorporated MarketPlace Has Processed Over $ 8.4 Billion Wrth of Transactions Using Tether’s USDT Stablecoin Since 2022. It Facilitates Services Services Relating To-Money Launer. Compounds and Other Illicit Services, Such As Intimidation and Sex Trafficking, Account to Elliptic. – TIM Craig Read More.
In Other News
- Robinhood Markets (Hood)The California-Based Financial Services Company, SAID IT AGREED TO BUY CANADIAN CRYPTO FIRM WONDERFI (WNDR) FOR $ 178.98 Million. The All-Cash Acquisition Values Wonderfi at 36 Canadian Cents Per Share, A 41% Premium Over ITS CLOSING PRICE PRIOR to the Announcement. – Omkar Godbole Read More.
- Stock and Crypto Trading Platform ETOR (ETOR) DEBUTED AT $ 52 A Share on the Nasdaq Exchange. The Company Raceded About $ 312 Million from Investors by Selling 6 Million Shares at A Price of $ 52 A Piece. The Listing Values The Company At $ 4.2 Billion. Etoro Became The FIRST US Crypto Company to Go Public Following the Market Uncertainty Wroupht by President Donald Trump’s Tariff Actions. – Helene Braun Read More.
Regulatory and Policy
- The Gibraltar Government Said IT Plans to Establish the World’s First Rules for the Clearing and Settlement of Crypto Derivatives Risks. Working with The Giblltar Financial Services Commission (GFSC) and Crypto Exchange Bullish SIX MONHS THAT TAILORS Traditional Financial Clearing Regulations to the Virtual Asset Market. – Jamie crawley Read More.
Calendar
- May 14-16: Consensus, Toronto
- May 19-23: Solana Accelerate, New York City
- May 20-22: Avalanche Summit, London
- May 27-29: Bitcoin 2025, Las Vegas
- May 27-29: Ethprague, Prague
- June 8-22: Berlin Blockchain Week, Berlin
- June 30-July 3: Ethcc, Cannes
- July 16-18: Web3 Summit, Berlin
- Sept. 22-28: Korea Blockchain Week, Seoul
- Oct. 1-2: Token2049, Singapore
- Dec. 11-13: Solana BreakPoint, Abu Dhabi
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