Crypto M - Crypto News

🚀 Hyperbridge Gateway Contract Attacked, Hacker Gains $237,000 PANews posted on X (formerly Twitter). Hyperbridge's gateway contract has been compromised in a recent attack, according to CertiK Alert. The attacker manipulated the administrator privileges of the Polkadot token contract on Ethereum by forging messages. This breach allowed the hacker to mint and sell one billion tokens, resulting in a profit of approximately $237,000. #Hyperbridge#Ethereum#Polkadot#CryptoHack#BlockchainSecurity#CryptoNews#DeFi#SmartContract#Hacking#CryptoAttack#DOT

🚀 Alameda Research Transfers $16 Million in SOL to Creditor Distribution Address According to Odaily, Arkham has reported that Alameda Research has unstaked $16 million worth of SOL and transferred it to an address designated for creditor distribution. This marks the first such transaction in a month. #AlamedaResearch#SOL#Crypto#Cryptocurrency#Blockchain#CreditorDistribution#Arkham#DeFi

🚀 Binance to Suspend Moonbeam Network Transactions for Upgrade According to the announcement from Binance, starting at approximately 2026-04-13 12:00 (UTC), the platform will temporarily suspend deposits and withdrawals of tokens on the Moonbeam (GLMR) network. This suspension is to facilitate a network upgrade aimed at enhancing user experience. The upgrade is scheduled to occur at the block height of 15,190,604, which is expected to be around 2026-04-13 13:00 (UTC). The trading of tokens on the Moonbeam network will remain unaffected during this period. Binance assures users that it will manage all technical requirements related to the upgrade. Once the network is deemed stable post-upgrade, deposits and withdrawals will be reopened without further announcements. Users are advised to stay informed through the project team's updates for more details on the upgrade process. #Binance#Moonbeam#GLMR#Crypto#Blockchain#NetworkUpgrade#DeFi#CryptoNews

🚀 Aave's Strategic Shift Following AWW Proposal Approval Aave founder Stani recently shared insights on X regarding the strategic direction following the approval of the AWW proposal. According to ChainCatcher, Stani emphasized that Aave will adopt a model centered entirely around the $AAVE token. This approach grants holders not only economic rights within the protocol but also influence over the brand, user base, and integrated ecosystem. Revenue from all applications and products, including Aave Pro, Aave App, Horizon, and Aave Kit, will be redirected to the DAO treasury. Additionally, the exchange functions of Aave.com and Aave Pro have generated an extra $10 to $20 million in new income. On the product front, the Aave App aims to deliver a fintech-grade experience to attract millions of users, offering each a $1 million account guarantee and plans to introduce a bank card. Aave Pro targets advanced users, while Horizon expands support for real-world assets (RWA). Stani highlighted the goal of growing Aave from a $40 billion protocol to over $1 trillion, positioning it as the foundational credit and repo market for the entire $400 trillion traditional financial asset sector. #Aave#Stani#AAVEtoken#DAO#AavePro#AaveApp#Horizon#RWA#fintech#cryptomarket#financialecosystem#tokenomics#blockchain#crypto#DeFi

🚀 Ethereum Layer 2 Network Scroll Faces Overcharging Issue Ethereum Layer 2 network Scroll has reportedly overcharged users by more than $50,000 in transaction fees over approximately four days. According to ChainCatcher, this occurred after the Scroll team manually increased two rate multipliers in their gas price oracle six times within six days, each time raising them by 2 to 10 times. This adjustment cumulatively increased the L1 data cost parameter to 1,280 times its original benchmark. Approximately 139,000 transactions were affected, with the total cost originally estimated at around $280, but users were charged over $50,000. The majority of these transactions were automated by bots. L2BEAT clarified that the overcharging was not due to a sequencer issue but resulted from multiplier adjustments executed through a multi-signature wallet by the team. This incident has raised questions about whether Scroll previously subsidized users with below-cost rates to maintain activity. Data from DeFiLlama indicates that Scroll's total value locked (TVL) currently stands at $24 million, a significant decline of 96% from its peak of $585 million in October 2024. As of the time of reporting, Scroll has not publicly responded to the issue. #Ethereum#Layer2#Scroll#Overcharging#GasFees#Blockchain#DeFi#TVL#CryptoNews#TransactionFees#ETH#SCR

🚀 Crypto Projects Face Significant Valuation Declines According to NS3.AI, recent data from CryptoRank reveals that ten cryptocurrency projects, which once boasted billion-dollar private valuations, are now trading at market capitalizations ranging from $7 million to $294 million. These projects have experienced valuation gaps between 88% and over 99%. Notably, Scroll recorded the steepest decline at 99.54%, while Starknet saw the largest absolute drop, falling from an $8 billion valuation to approximately $199 million. #Crypto#Cryptocurrency#Valuation#MarketCrash#Blockchain#DeFi#CryptoNews#TokenEconomy

🚀 Zerion Identifies Anomalies in Web Platform, Advises Caution Web3 wallet Zerion has announced the detection of unusual activity on its platform. According to ChainCatcher, users are advised to refrain from using the web application services temporarily, as these services have been taken offline. The iOS and Android applications, as well as the web extension, remain secure, and users' funds within the wallet are unaffected. Zerion is actively monitoring the situation and will provide further updates once the web application is restored. #Zerion#Web3#CyberSecurity#CryptoWallet#Blockchain#PlatformOutage#DeFi#SecurityAlert

🚀 Circle Mints Additional 250 Million USDC on Solana Blockchain Circle has recently minted an additional 250 million USDC, according to ChainCatcher. Over the past month, Circle has minted a total of 10.5 billion USDC on the Solana blockchain. This development highlights Circle's ongoing activities in expanding its USDC supply on Solana. #Circle#USDC#Solana#Blockchain#Crypto#Stablecoin#Cryptocurrency#Minting#DeFi#CryptoNews#SOL

🚀 World Token Supply Dynamics and Unlocking Schedule Until 2026 As of April 10, 2026, the total supply of WLD tokens is set at 10 billion, with 4.9 billion tokens, or 49%, already unlocked, and approximately 3.3 billion in circulation. According to BlockBeats, when WLD was launched on July 24, 2023, 500 million tokens were unlocked from the World Community allocation. The remaining 9.5 billion tokens are subject to a continuous daily linear unlocking mechanism, which will be completed 15 years after the launch. Starting July 24, 2026, the unlocking speed for various tokens will automatically decrease due to the locking mechanism: - Community Tokens: The unlocking speed will be reduced by 50%, from 3.2 million tokens per day to 1.6 million, as per an immutable on-chain contract. - TFH Investor and Team Tokens: The unlocking speed will decrease by 32%, from 1.9 million tokens per day to 1.3 million. Overall, the total unlocking speed for all tokens will decline by 43%, from approximately 5.1 million tokens per day to about 2.9 million WLD. #WLD#WorldToken#TokenSupply#UnlockSchedule#Blockchain#Crypto#CryptoNews#Tokenomics#Investment#DeFi

🚀 Arc Launches App Kits SDK with Cross-Chain Features Arc has introduced its App Kits SDK, offering functionalities such as cross-chain bridging, token exchange, and on-chain transfers, all of which can be integrated with less than 10 lines of code. According to Foresight News, the App Kits are built on USDC, CCTP, and Circle Wallets, and are compatible with third-party wallets and developers' own RPC nodes. The SDK includes a built-in revenue-sharing mechanism, allowing developers to configure profit-sharing directly within the transaction process without needing to deploy separate contracts. App Kits are now available for free and support permissionless access. #Arc#AppKits#SDK#CrossChain#Blockchain#USDC#CCTP#CircleWallet#Crypto#DeFi#Developers#Web3

🚀 Saturn Stablecoin Protocol Achieves $40 Million TVL Within 24 Hours of Launch PANews posted on X (formerly Twitter) that Saturn, the first stablecoin protocol based on the Strategy STRC framework, has successfully launched on the mainnet. Within 24 hours of its debut, the protocol's Total Value Locked (TVL) surpassed $40 million. Saturn's stablecoin, sUSDat, offers an annual yield of over 11.5%, underpinned by Bitcoin through the STRC framework. #SaturnStablecoin#STRCframework#sUSDat#TotalValueLocked#TVL#Stablecoin#Crypto#Bitcoin#DeFi#BTC

🚀 Circle's Strategic Chief Responds to Drift Protocol Theft Incident Circle's Chief Strategy Officer, Dante Disparte, has addressed the April 1 incident involving the theft of over $270 million from Drift Protocol. According to Foresight News, Disparte clarified that Circle only freezes USDC when legally compelled, emphasizing that this is not a unilateral decision. He explained that the mechanism is part of a framework designed to protect holders from arbitrary interference. Disparte highlighted the challenge faced by open systems, where legal frameworks lag behind technological advancements. He stressed that protocols, wallets, exchanges, and stablecoin issuers should view security and accountability as shared responsibilities. Disparte suggested that DeFi protocols could develop on-chain protective measures inspired by traditional market circuit breakers. He also urged that the legislative process for the U.S. GENIUS Act and CLARITY Act should incorporate standards for due process, property rights, and financial privacy protection before the next major security incident occurs. #Circle#DriftProtocol#USDC#DeFi#Cryptocurrency#Blockchain#Stablecoin#Security#FinancialPrivacy#Legislation