In a recent proposal, Lido introduced an automated buyback mechanism. It would use LDO and wstETH liquidity to form a Uniswap v2-style liquidity pool. It will be managed by the Aragon Agent. If approved, the plan could launch as early as Q1 2026. The goal is simple but powerful: remove LDO tokens from circulation through automated buybacks while improving on-chain liquidity. This would make LDO more useful across decentralized finance (DeFi) platforms, giving token holders more confidence and long-term value.
How the Buyback Mechanism Works In traditional finance, companies buy back their own stock to reduce supply and increase value. Lido’s proposal brings a similar idea on-chain. Instead of purchasing shares, the DAO would buy its own LDO tokens using revenue generated from staking rewards. The tokens would then be paired with wrapped staked ETH (wstETH) in a liquidity pool, improving trading depth while gradually removing LDO from the open market.
The system activates only under certain conditions. For instance, buybacks would occur when ETH trades above $3,000 and Lido’s annual revenue exceeds $40 million. The program would use up to 50% of staking inflows above that threshold, with a limit of $10 million per year to prevent excessive spending.
A proposal to implement an automated LDO buyback mechanism is now live on the Lido DAO Forum.
Opinions regarding mechanism, proposed parameters and more are welcome.https://t.co/Hve7cS405J
— Lido (@LidoFinance) November 11, 2025
This setup is anti-cyclical, meaning it responds to market performance. When ETH prices and revenues rise, buybacks increase, supporting token value. In bear markets, the system slows down or pauses, preserving DAO funds. This approach mirrors treasury strategies seen in protocols like MakerDAO’s Smart Burn Engine, which also automates buybacks based on market conditions.
More About Lido Lido DAO has unveiled stRATEGY, a new product that makes earning DeFi rewards easier and more automated. Built on Mellow Protocol’s Core Vaults, stRATEGY lets users deposit ETH, WETH, or wstETH just once and automatically distributes those funds across trusted platforms like Aave, Ethena, and Uniswap. The system continually rebalances to maximize rewards, simplifying what used to be a complex process.
Introducing stRATEGY
Curated DeFi rewards centered around stETH
Aave, Ethena, Uniswap & more
↓ pic.twitter.com/iXonyJCLhF
— Lido (@LidoFinance) November 6, 2025
In exchange, users receive strETH, a token that accrues both DeFi yields and Mellow points for added incentives. At any time, strETH can be swapped back into wstETH, giving users full flexibility. With stRATEGY, Lido DAO aims to make DeFi participation more accessible while focusing on reliable, battle-tested integrations that optimize returns.
Disclaimer The information provided by Altcoin Buzz is not financial advice. It is intended solely for educational, entertainment, and informational purposes. Any opinions or strategies shared are those of the writer/reviewers, and their risk tolerance may differ from yours. We are not liable for any losses you may incur from investments related to the information given. Bitcoin and other cryptocurrencies are high-risk assets; therefore, conduct thorough due diligence. Copyright Altcoin Buzz Pte Ltd.
We are excited to announce that Status Network has partnered with Aragon to deploy its pre-deposit vaults for mainnet, offering exciting benefits to those who get in early.
An OG in the crypto industry, Aragon powers protocols with products and services designed to manage capital allocation, governance, and ownership at scale.
As part of this partnership, Aragon’s open-source DAO infrastructure will underpin the secure pre-deposit vaults Status Network will make available ahead of its mainnet launch.
The first truly gasless L2 blockchain powered by the Linea zkEVM stack, Status Network features a native privacy layer as well as a reputation-based Karma system that aims to prevents spam while rewarding users for staking and participation.
Karma is a soulbound ERC-20 token that cannot be transferred or sold, only earned. Revenue generated by the network – from bridged yield and native apps fees – is gathered in a native funding pool and then allocated to the community through governance by Karma holders.
Before Status Network’s expected mainnet launch in Q1 2026, early adopters will be able to deposit SNT, ETH, LINEA, or stablecoins into their respective vaults. These assets will then be bridged to Status Network upon mainnet launch.
Each vault offers rewards for pre-depositors, including an amount of Karma at launch based on their deposit amount and points from core DeFi protocols on Status Network. As Karma cannot be purchased, pre-depositing is a great way to earn reputation and governance power early on.
Pre-Deposit Vaults TimelineThe pre-deposit campaign will roll out in several phases leading up to mainnet launch. Be the first to know when the vaults open by registering here.
The initial phase will open with the SNT and LINEA pre-deposit vaults. These vaults will remain available until mainnet goes live. As the core token of the Status community, pre-deposited SNT will receive the highest allocation of Karma at launch, set at 25 percent. After mainnet, SNT stakers will also receive 35 percent of the total weekly Karma issuance, making it the strongest long-term option for building reputation.
A subsequent phase will introduce the ETH pre-deposit vault, adding an additional pathway for early participation and yield redistribution.
The final phase will open the stablecoin vault, enabling early participants to redeem GUSD on the L2 at mainnet launch. GUSD is a new yield-generating meta-stablecoin backed by USDT, USDC, and USDS, created in partnership with Generic Protocol.
These pre-deposit vaults will remain open until the mainnet launch of Status Network in Q1 2026.
Remember, pre-depositing not only helps build liquidity and protocol resilience at launch, but it also earns you a corresponding amount of native app points and Karma, giving you a head start on building your reputation, your ability to help govern Status Network and other rewards.
“Through the Karma system, Status Network not only allows anyone to use the network without gas fees, but it also gives the community a way to benefit from the network’s revenue and vote on how it is run,” said Status Network lead Cyprien Grau.
“This philosophy of democratic agency and robust decentralised governance is shared by Aragon, making them the ideal infrastructure partner to power our pre-deposit vaults as we prepare for mainnet.”
Stay tuned for more updates from Status Network:
X (Twitter): Follow @StatusL2 for the latest updatesTelegram: Join the Status Network Builders Chat
Top 1 On-Chain Liquidation: ETH Bull Whale Hit With 4 Consecutive Forced Liquidations, $14.11 Million in Positions Liquidated
According to Hyperinsight monitoring, today’s largest liquidation on the Hyperliquid platform involved a high-leverage Ethereum (ETH) long whale. The address opened a long position yesterday when ETH was trading at roughly $1,661, and immediately incurred losses after entry. Triggered by ETH’s short-term dip below $1,600 in the early hours of today, the whale faced four consecutive liquidations, resulting in the forced closure of a total of 8,734 ETH positions valued at approximately $14.11 million. The address now holds less than $150,000 in remaining funds, with all positions fully cleared. Address: 0x1cb0b187c14a8c0fb36ca0dcbb775dcc7f02b408
4 minutes ago
A certain on-chain address opened long positions in BTC, ETH, and silver, and purchased $10.699 million worth of BTC and ETH spot.
According to on-chain analyst Ai Yi (@ai_9684xtpa)’s monitoring, address 0x960…3f0fc simultaneously went long on both futures and spot positions this early morning, opening long positions of 102.55 BTC, 954.38 ETH, and 8,790 silver units, with total position value around $8.29 million. It also purchased spot BTC and ETH worth approximately $10.699 million. Its current take-profit levels are set at $63,000 for BTC and $1,650 for ETH.
4 minutes ago
A whale that reaped over $23.77 million in profits from the Basic Attention Token (BAT) ICO has reawakened after six years of dormancy, offloading 12,600 ETH in the past two days.
According to monitoring by EmberCN, a whale address that participated in the BAT ICO in 2017 and generated approximately $23.77 million in total profits has started selling ETH recently after six years of inactivity. Over the past two days, the address has sold 12,586 ETH, receiving 20.59 million USDS in exchange, at an average selling price of roughly $1,636. The whale invested 17,789 ETH in the BAT ICO in May 2017, acquiring around 113.8 million BAT. It then sold BAT gradually over approximately two and a half years at an average price of $0.245, netting about $23.77 million in profits, with some of the BAT converted into 27,586 ETH. Since then, the ETH has remained inactive for a long time until it resumed reducing its holdings recently. Currently, the address still holds around 15,000 ETH, valued at approximately $24.29 million.
4 minutes ago
Japanese storage firm Kioxia plans to list American Depositary Receipts (ADRs) in the U.S. in April or May next year.
Market news: Japanese storage chip maker Kioxia plans to list its American Depositary Receipts (ADRs) in the U.S. in April or May next year. (Jinshi)
4 minutes ago
Micron's earnings report lifts SK Hynix's stock price 11%, trader 'yixie' expands their unrealized profit to $1.3 million.
According to Hyperinsight monitoring, Micron’s Q3 financial results exceeded all expectations, driving peer SK Hynix’s stock to rally nearly 11% from its recent low. On the Hyperliquid platform, SKHYNIX is currently trading at $1,821, up 6.2% in the past 24 hours. Prominent trader yixie (X: @yixie10) nearly doubled his principal during this rally; he is now holding a 2x long position of 2,289 SKHYNIX contracts at an average entry price of ~$1,239.9. Fueled by the rally, the position’s unrealized profit has expanded to $1.37 million, a 96% gain. As of press time, the trader boasts an 85% win rate in semiconductor storage stock trades since opening positions this year, with total historical profits of $6.68 million, including $4.25 million from Micron Technology trades. Address: 0xa65ce1d604fa901c13aa29f2126a57d9032e412b – HyperInsight Bot is now live. Add @HyperInsightBot to your Telegram group and set it as an admin (enable message sending permission) to automatically sync on-chain news.
4 minutes ago
STRC drops to near $80, marking another new all-time low.
According to Bitget market data, Strategy’s preferred stock STRC has dropped to a low of $80.26, hitting a new all-time low since its listing. Calculated based on a $100 par value, the current discount has reached 20%.
Top 1 On-Chain Liquidation: ETH Bull Whale Hit With 4 Consecutive Forced Liquidations, $14.11 Million in Positions Liquidated
According to Hyperinsight monitoring, today’s largest liquidation on the Hyperliquid platform involved a high-leverage Ethereum (ETH) long whale. The address opened a long position yesterday when ETH was trading at roughly $1,661, and immediately incurred losses after entry. Triggered by ETH’s short-term dip below $1,600 in the early hours of today, the whale faced four consecutive liquidations, resulting in the forced closure of a total of 8,734 ETH positions valued at approximately $14.11 million. The address now holds less than $150,000 in remaining funds, with all positions fully cleared. Address: 0x1cb0b187c14a8c0fb36ca0dcbb775dcc7f02b408
4 minutes ago
A certain on-chain address opened long positions in BTC, ETH, and silver, and purchased $10.699 million worth of BTC and ETH spot.
According to on-chain analyst Ai Yi (@ai_9684xtpa)’s monitoring, address 0x960…3f0fc simultaneously went long on both futures and spot positions this early morning, opening long positions of 102.55 BTC, 954.38 ETH, and 8,790 silver units, with total position value around $8.29 million. It also purchased spot BTC and ETH worth approximately $10.699 million. Its current take-profit levels are set at $63,000 for BTC and $1,650 for ETH.
4 minutes ago
A whale that reaped over $23.77 million in profits from the Basic Attention Token (BAT) ICO has reawakened after six years of dormancy, offloading 12,600 ETH in the past two days.
According to monitoring by EmberCN, a whale address that participated in the BAT ICO in 2017 and generated approximately $23.77 million in total profits has started selling ETH recently after six years of inactivity. Over the past two days, the address has sold 12,586 ETH, receiving 20.59 million USDS in exchange, at an average selling price of roughly $1,636. The whale invested 17,789 ETH in the BAT ICO in May 2017, acquiring around 113.8 million BAT. It then sold BAT gradually over approximately two and a half years at an average price of $0.245, netting about $23.77 million in profits, with some of the BAT converted into 27,586 ETH. Since then, the ETH has remained inactive for a long time until it resumed reducing its holdings recently. Currently, the address still holds around 15,000 ETH, valued at approximately $24.29 million.
4 minutes ago
Japanese storage firm Kioxia plans to list American Depositary Receipts (ADRs) in the U.S. in April or May next year.
Market news: Japanese storage chip maker Kioxia plans to list its American Depositary Receipts (ADRs) in the U.S. in April or May next year. (Jinshi)
4 minutes ago
Micron's earnings report lifts SK Hynix's stock price 11%, trader 'yixie' expands their unrealized profit to $1.3 million.
According to Hyperinsight monitoring, Micron’s Q3 financial results exceeded all expectations, driving peer SK Hynix’s stock to rally nearly 11% from its recent low. On the Hyperliquid platform, SKHYNIX is currently trading at $1,821, up 6.2% in the past 24 hours. Prominent trader yixie (X: @yixie10) nearly doubled his principal during this rally; he is now holding a 2x long position of 2,289 SKHYNIX contracts at an average entry price of ~$1,239.9. Fueled by the rally, the position’s unrealized profit has expanded to $1.37 million, a 96% gain. As of press time, the trader boasts an 85% win rate in semiconductor storage stock trades since opening positions this year, with total historical profits of $6.68 million, including $4.25 million from Micron Technology trades. Address: 0xa65ce1d604fa901c13aa29f2126a57d9032e412b – HyperInsight Bot is now live. Add @HyperInsightBot to your Telegram group and set it as an admin (enable message sending permission) to automatically sync on-chain news.
4 minutes ago
STRC drops to near $80, marking another new all-time low.
According to Bitget market data, Strategy’s preferred stock STRC has dropped to a low of $80.26, hitting a new all-time low since its listing. Calculated based on a $100 par value, the current discount has reached 20%.
A governance takeover attack allowed an exploiter to mint 10 billion TOP tokens and drain roughly $1.5m in WETH from a Balancer liquidity pool on Ethereum, according to security researchers.
Blockchain security firm Blockaid said the attacker drained 944.2 WETH, worth approximately $1.58m, from the TOP/WETH Balancer V1 pool after exploiting a governance configuration tied to the Token of Power [TOP] ecosystem.
Researchers stressed that Balancer itself was not vulnerable. Instead, the exploit targeted the protocol’s governance architecture.
Attack weaponized DAO governance According to Blockaid and CertiK, the attacker acquired more than 50% of TOP’s token supply before executing a governance proposal that minted billions of new TOP tokens directly to the attacker-controlled contract.
The exploit reportedly relied on a misconfiguration in the Aragon DAO involving TOP’s MiniMeToken structure.
Blockaid said the governance system allowed proposal creation, voting, and execution within a single transaction because no timelock protections were in place.
That allowed the attacker to:
gain majority voting control, execute a mint proposal instantly, create 10 billion TOP tokens, and dump the newly minted supply into the liquidity pool for WETH. “The Aragon Voting app allowed create → vote → execute in a single tx with no timelock,” Blockaid said in its analysis.
CertiK separately reported that the attacker initially withdrew 662 ETH from Tornado Cash before accumulating enough TOP tokens to gain majority governance control.
Governance became the exploit vector The incident highlights how governance systems themselves can become attack surfaces in DeFi protocols.
Unlike traditional smart contract exploits involving coding flaws or reentrancy attacks, governance takeovers weaponize administrative permissions and voting systems already embedded inside protocols.
Timelocks are commonly used in DAO systems to slow governance execution and give communities time to react to malicious proposals.
In this case, researchers say the absence of execution delays allowed the exploit to unfold instantly.
Legacy DAO infrastructure still carries risks The exploit also highlights risks associated with older DAO governance frameworks and legacy DeFi infrastructure still operating on Ethereum.
Aragon and MiniMeToken-based governance systems were widely adopted during earlier phases of Ethereum’s DAO ecosystem. Still, some deployments may no longer reflect modern governance security standards.
The incident adds to growing scrutiny of governance security as attackers increasingly target protocol control mechanisms rather than seeking only direct smart contract vulnerabilities.
Final Summary An attacker exploited a governance misconfiguration to mint 10 billion TOP tokens and drain roughly $1.5m in WETH from a Balancer liquidity pool. Researchers said the exploit relied on an Aragon DAO setup that allowed proposal creation, voting, and execution in a single transaction without a timelock.
An attacker exploited Token of Power's Aragon DAO on Tuesday to mint 10 billion TOP tokens via a malicious governance proposal, then swapped the supply for 944.2 WETH worth roughly $1.58 million.
An attacker exploited a governance misconfiguration in Token of Power's Aragon DAO on Tuesday to mint 10 billion TOP tokens, then swapped a fraction of that supply for 944.2 WETH worth roughly $1.58 million.
Security firm Blockaid identified the incident as a governance-takeover attack, distinct from a smart-contract coding flaw. The attacker first spent approximately 662 ETH, withdrawn from Tornado Cash, to acquire about 8,192 TOP tokens: just over 50% of the protocol's total supply of 16,384 tokens, giving them absolute majority control of the DAO. With that stake in hand, they submitted a governance proposal to mint 10 billion new tokens directly to an attacker-controlled contract.
TOP DAO had not installed a timelock on the Aragon voting system (even though the tech stack offers that configuration), allowing the attacker to create the proposal, vote it through, and execute it in a single transaction. PeckShield confirmed the attacker then deposited 945.1 ETH into Tornado Cash after the drain.
Governance SystemThe root vulnerability was architectural. Token of Power ran on an Aragon DAO using a MiniMeToken-based governance contract, infrastructure widely adopted during earlier phases of Ethereum's DAO ecosystem. Blockaid noted the attacker was able to cast a vote and execute it in a single atomic transaction because no timelock gated any of those steps.
That gap eliminated the window a community would normally need to detect and cancel a malicious proposal. With majority control already secured through the initial token purchase, the proposal passed the moment it was submitted.
CertiK separately reported the same attack path. The newly minted 10 billion TOP tokens were swapped into the existing TOP/WETH Balancer V1 pool, which operated on a 50/50 weighting between the two assets. Flooding the pool with freshly minted TOP against a fixed reserve of real WETH let the attacker extract 944.2 WETH at a price the pool had no mechanism to resist.
Token of Power is associated with "The Mask of Power" DAO and built TOP around collective governance of a specific MetaMask NFT. Balancer itself was not the vulnerable surface: the attack targeted the protocol's governance layer and used the Balancer pool only as the exit route.
[ UPDATE: Article was updated on 6/11 @ 12:42PM to note the Aragon tech stack does have the ability for users to include a timelock ]
Think you’re good at the classic shooter Doom? On Thursday, a fully on-chain, weeklong competition called the “Doom Olympics” began with a $15,000 prize pool up for grabs.
Crypto gaming project RIVES has previously put “every aspect” of retro games like Tetris on the Cartesi blockchain—an Ethereum-based scaling network that uses Linux-powered rollups—as well as Base, the Coinbase-incubated Ethereum layer-2 network. By doing so, every movement, score, and interaction is recorded and verifiable.
With such a robust record of in-game actions, RIVES—short for RISC-V Verifiable Entertainment System—has created the “Doom Olympics” with seven challenges that provide new and intriguing ways to test players’ skills in the iconic first-person shooter.
By competing in game contests such as Knuckle Crusher and Treasure Seeker—each of which puts a different spin on the classic experience—as well as social activities like referring friends, players stand the chance of winning a share of the $15,000 total prize pool.
Id Software, the original developer of Doom, is not directly involved in the project with RIVES opting to use the “Freedoom” version of the game, which layers open-source assets on top of the Doom engine.
Running until September 19, gamers will play Doom in-browser with every element of gameplay being recorded permanently on the Cartesi network. Each run is then replayable through a RIVES feature called “tapes” that is similar in approach to classic Doom speed demos. The team explained that this will help ensure fairness and create a new standard of trust.
This attempts to solve an issue that the speedrunning community has faced for some time. When competing remotely, it is possible for players to cheat during runs and fake their purported feats, sowing doubt in the entire premise of speedrunning—and negatively impacting those players who set records via legitimate means.
This has happened many times in the past, such as when one player faked the world record for the Blade Wolf DLC of Metal Gear Rising: Revengeance during an online charity event. This cheater cut videos together to make it look like he’d completed the game in record time in one smooth run, but he actually didn’t.
By recording every movement on-chain, allowing the resulting “tape” to be replayable by anyone, the theory is that players won’t be able to cheat.
“This eliminates the need to rely on third-party intermediaries for validating scores or gameplay, allowing for decentralized verification of speedruns and the use of canonical, persistent leaderboards, RIVES co-founder Max Hatesuer told Decrypt’s GG.
“Additionally, this opens up exciting possibilities for custom rule creation and modding,” he added. “For instance, anyone could design a contest where only punches count, or one where speed is the only criterion, with the assurance that all gameplays are validated in a decentralized manner.”
It’s become a running joke that Doom can be played on almost everything from pregnancy tests to ATMs, not to mention robot lawn mowers and gut bacteria. There have also been renditions inscribed onto the Bitcoin and Dogecoin blockchains, though it’s really just a means of storage; the games themselves didn’t benefit from on-chain functionality.
“We also noticed that while Doom runs on nearly every platform, no one has managed to bring it on-chain,” Hatesuer said. “Cartesi’s RISC-V VM and rollup infrastructure made it possible, and we embraced the challenge.”
Edited by Andrew Hayward
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The price of Shiba Inu might be currently declining, but an analyst says the meme coin is gearing up for a bullish run as it is currently flashing a buy signal. According to Cantonese Cat, SHIB is now flashing a strong buy signal based on the L3 Banker Fund Flow Trend Oscillator, a relatively lesser-known indicator.
In a detailed breakdown shared via a YouTube video, Cantonese Cat explored SHIB’s recent price action in conjunction with this oscillator, revealing that it is ready for at least a 5x move to its all-time high, up until a bigger 2430% increase to a target of $0.00047.
Shiba Inu Flashes Buy Signal Cantonese Cat’s latest analysis on Shiba Inu offers an interesting angle to the meme coin’s price action alongside other altcoins. The video in which he shared his analysis covers the current SHIB movement in relation to the larger altcoin market. As such, the analyst notes that Shiba Inu is one of ten cryptocurrencies among Optimism, Avalanche, Cardano, Chainlink, Boba Network, COTI, Amp, Cartesi, and Injective, which are all flashing a buy signal with the L3 Banker Fund Flow Trend Oscillator.
The L3 Banker Fund Flow Trend Oscillator is a technical indicator used to analyze the flow of capital in and out of cryptocurrencies among large market participants. A detailed analysis of SHIB’s price action with this indicator shows that this buy signal is extremely rare. The last time it flashed a buy signal for SHIB was in July 2023.
At that time, SHIB was trading below $0.000008. What’s more interesting is that even though the buy signal appeared then, SHIB’s price continued to consolidate for another six months before finally experiencing a strong rally in February 2024 during the broader crypto market upturn. Fast forward to October 2024, and SHIB is now showing another sign of a bullish rally with the L3 Banker Fund Flow Trend Oscillator.
SHIB Price Targets To Expect Although the buy signal is derived from the banker fund oscillator, the analyst uses Fibonacci levels to predict potential targets when the breakout eventually occurs. The first target is the 1 Fibonacci extension level, which aligns with SHIB’s current all-time high of $0.0000884. He also noted an ultimate “crazy target” for those anticipating a bigger surge. This ultimate target is at the 1.618 Fibonacci extension level, which aligns with $0.00047.
Source: X Reaching this price would require SHIB to break through multiple resistance levels, both before and after surpassing its all-time high. Achieving this “crazy target” would represent a 2,430% increase or approximately a 30x jump from the current price level. Cantonese Cat suggests that this target could be achieved by August or September 2025, although he admits this is a highly ambitious target. According to him, a more feasible target is a 10x run from the current SHIB price.
At the time of writing, SHIB is trading at $0.00001733 and is down by 6% in 24 hours.
SHIB price still holding up | Source: SHIBUSDT on Tradingview.com Featured image created with Dall.E, chart from Tradingview.com
Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.
A Cartesi whale’s recent action has gained huge attention from the crypto community as a trader dumped almost a quarter billion worth of CTSI tokens yesterday. This massive sale raised questions among traders and investors about the health situation of the Cartesi market and why the whale is dumping his CTSI holdings.
According to a crypto analyst on the X platform, the whale sold 24 million Cartesi (CTSI) tokens (worth $3.59 million) to Binance yesterday. Data shows that the tokens sold are worth 2.85% of CTSI’s circulating supply. The whale still has 10 million CTSI tokens (worth $1.52 million) in his wallet.
This is a negative sign for the CTSI market. Whenever an exchange reserve increases, it causes selling pressure and triggers a price reduction. However, such massive dumping happens when the overall crypto markets are in a dip since the beginning of this month.
Why are investors dumping CTSI? The move by the whale to sell part of CTSI holdings happened at a time when the uptrend momentum of the broader markets cooled down. There is no other report about whales engaging with Cartesi in the recent past, apart from the case above.
The trader’s activity could have been part of a profit-taking agenda or a portfolio diversification strategy. However, huge sales from whales normally can cause concerns among retail investors and even drive prices down. CTSI’s trading volume has been down 14.40% to 12.6 million in the last 24 hours, indicating a recent decrease in market activity.
The decrease in trading volume reinforces the idea that the downward movement is influenced by selling pressure. However, market dynamics are part of the reason for CTSI’s moderate downward movement.
Most digital assets, including BTC and altcoins, are currently in decline as part of the wider market correction, triggering panic selling among investors. The ongoing consolidation in the market reflects the fragility experienced in US stocks.
This decreased performance of the broader investment markets highlights the effect of lending rate cuts on the valuation of corporations listed on the US stock exchanges. Last week, on Wednesday, the Fed reduced lending rates by 0.25%, causing shock waves on risky assets like stocks and cryptocurrencies, which are typically sensitive to interest rate changes.
CTSI price movement Cartesi’s price dropped 22.5% in the last seven days, meaning the token is underperforming the global digital asset market which is down 8.60% currently. CTSI is currently trading at $0.1494, down 19.39% over the last year. However, its market cap of $125.92 million makes it number 392 in the entire crypto ecosystem.
Its incredible performance has set it apart in the wider crypto market. Its roll-up technology as a potential solution to Ethereum’s struggles with increased transaction fees and network congestion is part of the key reasons Cartesi garnered recognition in the market. By rolling up transactions off the Ethereum chain and transitioning streamlined data back to the protocol, Cartesi offers a potential gateway for significant speed improvements at decreased costs. Its market resilience signals its widespread adoption and recognition as the crypto community, especially developers, looking for efficient solutions to Ethereum’s scalability problems.
AUTHOR
Nicholas Otieno is a fintech writer specializing in cryptocurrency markets. Since 2019, he has written articles to educate readers about cryptocurrency and its substantial positive impact on global prosperity. Nicholas is a Bitcoin holder, believing firmly in its fundamentals. His work has been featured in publications such as Finance Magnates, Blockchain.News, Bitcoin Magazine, Coincub, and among others. When he's not writing, Nicholas enjoys performing domestic tasks, spending time with friends, listening to music, and watching football.
EigenLayer and Cartesi will come together in an invite-only hackathon to work on building dApps for further mainstream adoption.
Leading Ethereum-based restaking protocol EigenLayer is teaming up with Cartesi – a modular blockchain protocol. The partnership aims to see core developers from both teams build innovative decentralized applications catering to mainstream users and accelerating adoption.
According to a press release shared with CryptoPotato, Developers, including those with traditional Web2 backgrounds, will have the chance to leverage the combined strength of Cartesi’s Coprocessor powered by Linux with EigenLayre’s restaking protocol.
Core devs from both teams will get in the trenches and ideate consumer-oriented dApps and new use cases. This will happen through an invite-only internal hackathon called Experiment Week #3, which will take place from February 10th to February 17th.
Speaking on the partnership, Felipe Argento, co-founder and advisor at Cartesi, said:
We saw so many mind-blowing projects built in the first two editions of Cartesi Experiment Week, and I’m beyond excited for what’s in store this time – especially with a giant like EigenLayer joining the fun!”
On the other hand, the Director of Developer Advocacy at EigenLayer, Nader Dabit, said:
We are thrilled to partner with Cartesi for this hackathon. Their Linux-powered rollups enable developers to build complex on-chain applications with familiar tools. This event will showcase the incredible potential of Cartesi’s technology to push the boundaries of what’s possible in Web3.”
About the author
Georgi Georgiev is CryptoPotato's editor-in-chief and a seasoned writer with over 8 years of experience writing about blockchain and cryptocurrencies. Georgi's passion for Bitcoin and cryptocurrencies bloomed in late 2016 and he hasn't looked back since. Crypto’s technological and economic implications are what interest him most, and he has one eye turned to the market whenever he’s not sleeping.
Developers will have the security and scalability benefits of restaking at their fingertips, along with complete compatibility. Cartesi and EigenLayer are setting an example for the industry via an invitation-only internal hackathon. EigenLayer and Cartesi are both dedicated to bridging the gap between infrastructure protocols and dApps for end users. In order to allow their core developers to create transformational decentralized applications (dApps) that are capable of driving end-user adoption, EigenLayer, the Ethereum restaking protocol, is collaborating with Cartesi, a powerful modular blockchain protocol that provides builders with a complete Linux environment and high speed rollups. Cartesi’s Linux-powered Coprocessor and EigenLayer’s ground-breaking restaking protocol will be able to work together to provide builders, including conventional Web2 developers, with the ability to capitalize on the combined benefits of both.
With the inclusion of Linux, the Cartesi Virtual Machine allows developers to build dApps with the advantage of decades of battle-tested programming languages, tools, and libraries. Cartesi provides each dApp its own rollup with dedicated computing, offering considerable increases in computational scalability without sacrificing on decentralization, security and censorship resistance.
To enable future web3 developments, infrastructure protocols are continuing to expand at a fast rate. However, the adoption and refining of end-user products has not evolved as swiftly as the growth of infrastructure protocols. Protocol projects need to actively work to ideate and nurture the next generation of transformative decentralized applications in order to ensure widespread adoption of web3 solutions and to have a significant impact on the lives of end-users.
Cartesi and EigenLayer are setting an example for the industry via an invitation-only internal hackathon (Experiment Week #3) that will take place from February 10th to February 17th. This hackathon is an inspiration for the industry as it provides protocol core developers with the opportunity to get in the trenches in order to ideate and prototype consumer decentralized applications (dApps) and new use cases.
Felipe Argento, Co-founder and Advisor at Cartesi stated:
“We saw so many mind-blowing projects built in the first two editions of Cartesi Experiment Week, and I’m beyond excited for what’s in store this time – especially with a giant like EigenLayer joining the fun!”
However, Cartesi’s Coprocessor is the only virtual machine in the blockchain space that is capable of running Linux. EigenLayer’s restaking technology is revolutionizing the way in which blockchain applications can leverage Ethereum’s security and scale. Cartesi is currently providing power to more than one hundred different projects.
Nader Dabit, the Director of Developer Advocacy at EigenLayer, said:
“We’re thrilled to partner with Cartesi for this hackathon. Their Linux-powered rollups enable developers to build complex on-chain applications with familiar tools. This event will showcase the incredible potential of Cartesi’s technology to push the boundaries of what’s possible in web3.”
EigenLayer is a decentralized restaking protocol that increases the security and scalability of blockchain ecosystems by enabling Ethereum validators to extend their security guarantees to new networks and services. By using the current Ethereum staking infrastructure, EigenLayer allows developers and decentralized apps to benefit from Ethereum’s powerful security without the need to build separate validator networks.
Erick de Moura, Founder of Cartesi, commented:
“Cartesi’s vision is to expand the web3 design space by bringing real-world computation on-chain. With EigenLayer, Cartesi’s Linux Coprocessor unlocks groundbreaking possibilities for developers. Experiment Week offers a unique opportunity to showcase practical applications and inspire new builders and founders through this powerful collaboration.”
Developers will have the security and scalability benefits of restaking at their fingertips, along with complete compatibility with the mainstream software industry, thanks to the combination of Cartesi’s Linux-powered Coprocessor and EigenLayer’s ground-breaking restaking protocol. This will open up the space for innovation in web3. This synergy paves the way for sophisticated decentralized finance, verifiable artificial intelligence inferences, and a plethora of other use cases.
Builders have the potential to experiment and tackle key industry concerns such as data integrity, fairness, and verifiability, which will ultimately lead to the development of an artificial intelligence landscape that is more reliable and ethical. This opportunity comes in the midst of a growing demand for decentralized artificial intelligence to ensure transparency, security, and trust in AI applications. It is either impossible or extremely expensive for applications to run artificial intelligence on-chain due to the limited computational capacity it possesses as well as the high costs associated with the current data availability and execution layers.
Smart contracts are equipped with the software tools and complex computation that power web2 thanks to the Cartesi Coprocessor, which revolutionizes blockchain applications. The integration of a RISC-V virtual machine that is compatible with Linux is what distinguishes the Cartesi Coprocessor from others. This gives developers access to a configuration that is both familiar and flexible for carrying out computations. Developers will find it much simpler than ever before to reuse pre-existing software libraries and tools for web3 use cases as a result of this compatibility, which bridges the gap between traditional software development and blockchain innovation.
Through the provision of a “marketplace for trust,” EigenLayer is able to solve the bootstrapping problem that is associated with new web3 services. Instead of requiring each web3 builder to independently raise capital, establish cryptoeconomic security, and onboard Operators, EigenLayer provides Cryptoeconomic Security as a Service by bringing together Restakers, Operators, and Actively Validated Services (AVSs). This eliminates the need for each web3 builder to do these things. Without having to go through the time-consuming and expensive process of protecting their own network, new applications are able to take advantage of Ethereum’s security by using this strategy.
EigenLayer and Cartesi are both dedicated to bridging the gap between infrastructure protocols and decentralized applications (dApps) for end users in order to speed up the process of widespread adoption of blockchain solutions.
The recent $1.5 billion Bybit hack turned North Korean Lazarus Group into one of the top 15 Ethereum holders in the world. The breach sent shockwaves through the crypto space, alerting users who previously thought Ethereum was among the safest and most decentralized networks.
In a conversation with BeInCrypto, representatives from Holonym, Cartesi, and Komodo Platform discussed the implications of this breach, steps to curb similar situations in the future, and how public trust in Ethereum can be restored.
A Different Kind of BreachThe Bybit hack shook the crypto community not just because of the quantity of funds stolen but also because of the nature of the breach.
The Bybit breach was the largest in crypto history. Source: X.While other crypto exchange breaches, like the 2014 Mt. Gox episode or the 2018 Coincheck hack, involved private keys or direct compromises of exchange wallets, Bybit’s situation was different.
Rather than stealing private keys, the hackers manipulated the transaction signing process, indicating that it was an infrastructure-level attack. The transaction signing process was targeted instead of the asset storage itself.
Forensic analysis of the Bybit hack traced the breach to Safe Wallet, a multi-signature wallet infrastructure provided by a third party. Safe Wallet uses smart contracts and cloud-stored JavaScript files on AWS S3 to process and secure transactions.
Hackers could secretly modify transactions by injecting malicious JavaScript into Safe Wallet’s AWS S3 storage. Therefore, although Bybit’s system was not directly hacked, the hackers altered the destination of transfers that Bybit had approved.
This detail exposed a serious security flaw. Third-party integrations become weak points even if an exchange locks down its systems.
Lazarus Group Among Ethereum’s Top HoldersFollowing the monumental hack, North Korea is among the top 15 largest Ethereum holders.
Following the Bybit hack, the Lazarus Group was among Ethereum’s top 15 holders. Source: Etherscan.The fact that an infamous group like Lazarus, responsible for several high-profile hacks in the crypto sector, now holds such an important amount of Ether raises several trust issues. While initial speculation pointed toward a weakness in Ethereum’s decentralized nature, Nanak Nihal Khalsa, Co-Founder of Holonym, discards this claim.
Given that Ethereum’s governance and consensus mechanisms rely on validators rather than token holders, the Lazarus Group holding such a substantial amount of ETH does not compromise the network’s overall decentralization.
“Lazarus still owns less than 1% of ETH in circulation, so I don’t see it as highly relevant beyond simple optics. While it’s a lot of ETH, they still own less than 1%. I’m not worried at all,” Khalsa told BeInCrypto.
Kadan Stadelmann, Chief Technology Officer at Komodo Platform, agreed, emphasizing that Ethereum’s infrastructure design is the source of its weakness.
“It proves a vulnerability in Ethereum’s architecture: illicit actors could expand their holdings further by targeting exchanges or DeFi protocols, and thus wield an influence over market dynamics and possibly change governance decisions in Ethereum’s off-chain processes by voting on improvement proposals. While Ethereum’s technical decentralization has not been compromised, Lazarus Group has eroded trust in Ethereum,” Stadelmann told BeInCrypto.
However, while token holders cannot influence Ethereum’s consensus mechanisms, they can manipulate markets.
Potential Impacts and Market ManipulationsThough the Bybit hackers have already finished laundering the stolen ETH, Stadelmann outlined a series of possible scenarios that the Lazarus Group could have carried out with the massive wealth they originally accumulated. One option is staking.
“Ethereum’s Proof-of-Stake security relies on honest validators and resilience of wallets, exchanges, and dApps. While the Lazarus Group’s haul doesn’t threaten the blockchain’s consensus mechanism, since their holdings are not known to be staked, it certainly raises the spectre that this could be achieved. They’re unlikely to do this, as the funds they’ve stolen have been tracked,” he explained.
Along equally unlikely lines, the Bybit hackers could cause a significant market downturn by selling their holdings altogether.
“Their holdings do give them an opportunity to manipulate markets, such as if they dump their holdings. This would be difficult to do since their ETH are flagged. If they try to exchange the ETH via selling, their assets could be frozen,” Stadelmann added.
What Stadelmann is most worried about looking toward the future is the impact hacks can have on Ethereum’s Layer 2 protocols.
“Lazarus and its partners could attempt to attack Layer 2 protocols like Arbitrum and Optimism. A censorship attack on layer 2 could undermine dApps and cause the ecosystem to move towards centralized transaction sequencers. That would underscore Ethereum’s weakness,” he said.
While Ethereum’s network was not compromised, Safe Wallet’s attacks underscored the vulnerabilities in the security of the greater ecosystem.
“The breach has certainly increased tensions in the ecosystem, and created an uneven token distribution. The question remains: will Lazarus or other hacking groups associated with state actors attempt to exploit the Ethereum ecosystem, particularly at layer 2?” Stadelmann concluded.
It also raised questions about the need for better security standards.
Verification Over TrustKhalsa argued that the Bybit hack, while not a threat to Ethereum’s core security, highlighted the need for improved security standards among users.
“Saying the hack is Ethereum’s problem is like saying death by car accident is the car’s problem when the driver didn’t wear a seatbelt. Could the car have more safety measures? Yes, and it should. But as a seatbelt has little to do with the car, the hack had little to do with Ethereum. It’s a protocol and it worked exactly as intended. The problem is the lack of convenience and know-how for securely custodying digital assets,” he said.
Specifically, the incident exposed vulnerabilities within multi-signature wallets, demonstrating that reliance on third-party integrations can introduce significant risks, even with robust internal security. Ultimately, even the most sophisticated wallet security measures become ineffective if the signing process can be compromised.
Khalsa emphasized that proven self-custody security measures exist, while multi-signature wallets are not among them. He added that government agencies should have long ago advocated for superior security standards and practices.
“The repercussion we can all hope for is getting serious about stopping North Korea from stealing more funds. While it’s not the government’s place to change how self-custody is carried out, it is absolutely the government’s place to encourage better industry ‘best practices.’ This attack was due to the myth that multisigs of hardware wallets are secure. Sadly it took this attack for it to be acknowledged, but better standards set by government agencies could encourage safer practices without the need for $1.5 billion compromises to wake up the industry,” he asserted.
The incident also exposed the need to verify transactions rather than trust third-party applications.
A Solution to Front-End VulnerabilitiesBy injecting malicious JavaScript into vulnerable Safe Wallet cloud servers, the Lazarus Group launched a sophisticated attack, enabling them to mimic the interface and trick users.
According to Erick de Moura, co-founder of Cartesi, this exploit highlights a critical vulnerability. The issue lies in the reliance on centralized build and deployment pipelines within a system intended for decentralization.
“The SAFE incident serves as a stark reminder that Web3 is only as secure as its weakest link. If users cannot verify that the interface they interact with is genuine, decentralization becomes meaningless,” he said.
De Moura also added that a common misconception in Web3 security is that smart contract breaches are among the most effective forms of hacking exchanges. However, he deems that the Lazarus Group’s strategy on Bybit proves otherwise. Injecting malicious code into the front-end or other off-chain components is much more seamless.
“The hackers didn’t need to breach smart contracts or manipulate ByBit’s systems directly. Instead, they injected malicious code into the front-end interface, deceiving users into thinking they were engaging with a trusted platform,” he explained.
Despite these vulnerabilities, a transition from trust-based to verifiable security is possible.
The Case for Reproducible BuildsDe Moura views the Bybit hack as a wake-up call for the Web3 community. As exchanges and developers reassess their security, he argues that verifiable, reproducible builds are essential to prevent future attacks.
“At its core, a reproducible build ensures that when source code is compiled, it always produces the same binary output. This guarantees that the software users interact with hasn’t been altered by a third party somewhere in the deployment pipeline,” he said.
Blockchain technology is vital to ensure that this process takes place.
“Imagine a system where every software build generates binaries and resources in a verifiable way, with their fingerprints (or checksums) stored on-chain. Instead of running such builds on cloud servers or computers that are prone to security breaches, they can be executed on dedicated blockchain co-processors or decentralized computational oracles,” De Moura told BeInCrypto.
Users can compare the checksum of the front-end resources they are loading against on-chain data through a browser plugin or feature. A successful match indicates an authentic build interface, whereas a discrepancy signals a potential compromise.
“If a verifiable reproducible builds approach had been applied to SAFE, the exploit could have been prevented. The malicious front-end would have failed verification against the on-chain record, immediately exposing the attack,” De Moura concluded.
This approach presents a helpful alternative to relying on users with varying levels of self-custody knowledge.
Addressing Gaps in User KnowledgeAs attacks grow more sophisticated, the lack of user knowledge about how to securely custody digital assets presents a significant vulnerability.
The Bybit hack frustrated users who originally thought that reliance on third-party integrations would be enough to safeguard their assets. It also affected the broader perception of cryptocurrency security.
“It shows crypto is still in the Wild West and in its growing phase in terms of security. I think in a couple years we will have superior security but in its current state, the public fear is well-justified,” Khalsa said.
Ultimately, embracing different approaches will be essential for the Web3 community to build a more secure and resilient ecosystem. A good starting point is to demand better industry practices and evaluate the integration of verifiable, reproducible builds.
The Cartesi Foundation, known for bridging software stack and blockchain, is reportedly all set to spend $500,000 on $CTSI purchase. $CTSI is the native token of the Cartesi ecosystem and purchase will take place through a series of open-market purchases. This move is designed to underline the Foundation’s long-term commitment to the development and sustainability of its decentralized infrastructure.
The Cartesi Foundation is reaffirming its long-term commitment to the ecosystem through a strategic open market purchase of at least $500,000 worth of $CTSI ⬇️ pic.twitter.com/W0EzzmaDcc
— Cartesi (@cartesiproject) April 8, 2025 The acquisition is subject to prevailing market conditions and will take place over a period of time. The Foundation says the purchases will be gradual and with no advance public announcement of exactly when or how much will be bought. The team adds that the acquired tokens will be added to the treasury of the Foundation for future development purposes.
Cartesi Strives for Broader Blockchain Adoption According to a statement from the Cartesi Foundation, this initiative fits within the foundation’s wider goal of facilitating ecosystem growth and pushing for the uptake of its decentralized infrastructure. The Foundation has chosen to allocate treasury resources to buy $CTSI to increase confidence in its technological framework and indicate ongoing support for its development team.
The Foundation believes in having a strong treasury of $CTSI so that it has more flexibility in funding ongoing and future initiatives. For example, it provides support to developers building on the platform and helps to expand access to connected tools to bridge the gap between traditional software environments and blockchain applications.
Cartesi’s Role in Blockchain Development Cartesi acts as a Layer 2 platform that enables developers to develop scalable decentralized applications using familiar software tools and programming languages. By allowing development through Linux and popular coding languages, Cartesi aims to solve the challenges commonly encountered in blockchain programming.
The goal of the project’s infrastructure is to make it easier to develop faster and more broadly adopted by bringing in years of accumulated software advances. The underlying vision is to keep the ecosystem stable for the long term and to bring long-term decentralized computing to the masses in a safe and easy manner using scaling solutions.
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Crypto journalist with years of experience providing in-depth analysis and news on blockchain and decentralized finance. With a keen eye for detail, Shahzaib delivers insightful articles that explore the latest trends, market movements, and innovations within the crypto and blockchain ecosystem. His work focuses on educating readers while offering expert commentary on the evolving landscape of digital assets, DeFi protocols, and the broader impact of blockchain technology.
The endeavor reaffirms the Foundation’s strong belief in Cartesi’s long-term prospects and ambition. The tokens will be progressively bought over time and added to the Foundation’s treasury. The organization in charge of the Cartesi ecosystem’s growth, the Cartesi Foundation, has declared its plan to start buying $CTSI on the open market. As part of its commitment to promoting long-term ecosystem development, the Foundation will purchase $500K worth of native Cartesi tokens in a series of market purchases.
The Cartesi Foundation is reaffirming its long-term commitment to the ecosystem through a strategic open market purchase of at least $500,000 worth of $CTSI ⬇️ pic.twitter.com/W0EzzmaDcc
— Cartesi (@cartesiproject) April 8, 2025 The Cartesi Foundation will strategically buy at least $500,000 worth of $CTSI in keeping with its commitment to promote wider use of Cartesi’s native token and infrastructure. With the purchase plan subject to change at the Foundation’s discretion based on market circumstances, the tokens will be progressively bought over time and added to the Foundation’s treasury.
The endeavor reaffirms the Foundation’s strong belief in Cartesi’s long-term prospects and ambition. Cartesi is in a unique position to influence the direction of decentralized apps as its ecosystem continues to advance significantly and get technical recognition.
The Foundation hopes to demonstrate its faith in Cartesi’s team and technology, which are well-suited to promoting blockchain adoption, by directing treasury funds into a number of $CTSI acquisitions. Without prior notification, tokens will be bought on the open market in a series of market purchases until at least $500K worth of $CTSI has been obtained. In order to encourage more ecosystem growth, the Foundation will hold the $CTSI in reserve for future expansion.
Cartesi serves as a link between blockchain and the mainstream software stack. It took 40 years, billions of hours, and trillions of dollars to develop the internet’s infrastructure. The next generation of blockchain apps is made possible by Cartesi, which gives developers access to several decades’ worth of meticulously improved operating systems, programming languages, software libraries, and tools. Go to https://cartesi.io/ to find out more about Cartesi.
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Honeypot changes rollup security testing by means of a community-incentivized audit and interdisciplinary hacker battlefield. Cartesi is one of 26 projects that have managed to maintain their Ethereum L2 status in accordance with the new standards established by L2Beat. An upgraded version of Cartesi’s Honeypot decentralized application (dApp) has been launched, which raises the bar for rollup security standards. Cartesi is a modular blockchain system that first pioneered application-specific rollups. Moreover, Cartesi’s PRT Honeypot is already a Stage 2 rollup app and one of only three recategorized as Stage 2 by L2Beat.
Honeypot, which is now equipped with Cartesi’s Permissionless Refereed Tournaments (PRT) fraud-proof system, illustrates the project’s dedication to security, transparency, and open development.
Honeypot is a hacking challenge that was first introduced on the Ethereum mainnet two years ago. It is defined as a “hacking challenge based on the concept of honeypots.” Honeypot changes rollup security testing by means of a community-incentivized audit and interdisciplinary hacker battlefield. PRT, a fraud-proof mechanism that provides resistance to Sybil attacks without relying on permissioned validators or hefty hardware, has been added to this most recent version, which serves to strengthen it.
According to L2BEAT, which is a major open-source analytics platform for Layer-2 solutions, projects are evaluated based on proof systems that check rollup data for the purpose of ensuring safe Ethereum settlement. It is currently changing the classification of L2 projects depending on how far along they are in the process of becoming fully operational fraud-proof systems. This organization is widely regarded as a significant industry standard for rollup decentralization and security.
Honeypot is already recategorized as Stage 2, which is the ultimate step in which rollups become entirely governed by smart contracts. This is because Honeypot’s system is completely permissionless and fraud-proof, and it does not depend on a gated multisig for any interventions.
Erick de Moura, Founder at Cartesi stated:
“We don’t expect trust to be given — it should be earned. Honeypots allow projects to commit their own funds to validate the integrity of their fault proofs before asking others to rely on them. It’s a gradual, transparent path toward trustless security that reflects the values this ecosystem was built on.”
Cartesi’s new Honeypot upgrade is a crucial and essential milestone, indicating the maturity of its rollup technology. This is in light of the fact that Ethereum founder Vitalik Buterin has emphasized the need for all Layer-2s to implement measures that prevent fraud. With an eye toward the future, the group is working on the next-generation ‘Dave’ fraud-proof system in order to further increase security.
The conventional software stack and blockchain are separated by Cartesi, which acts as a bridge between the two. The infrastructure of the internet was built over the course of forty years, requiring billions of hours of labor and trillions of dollars. Through the use of Cartesi, developers are able to obtain access to the operating systems, programming languages, software libraries, and tools that have been methodically honed over the course of many decades. This paves the way for the next generation of blockchain applications.
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Modular blockchain Cartesi has given its PRT Honeypot app an upgrade – and so has Layer 2 dashboard L2BEAT. Following an overhaul by the Cartesi team, Honeypot now sports new features that make it better equipped to perform the task it was designed for: testing the security of rollups.
The Cartesi team has been working intensively on the latest build of Honeypot, which first debuted two years ago on Ethereum. The app effectively gamifies the important task of testing rollup security, giving projects confidence that the funds their native networks hold are safe from hackers.
Honeypot Gets a Little Sweeter The “PRT” in PRT Honeypot stands for Permissionless Refereed Tournaments, which describes the fraud-proof system the app contains. Essentially, this is a mechanism for ensuring that rollups have resistance to Sybil attacks, which are one of the primary ways in which an attacker might conceivably gain control over a rollup by operating multiple validators.
In any blockchain network, be it a rollup or conventional chain, it’s imperative that validators are distributed in terms of ownership to prevent centralization, maximize fault tolerance, and ensure nefarious actors are unable to unilaterally pull the strings. It’s the primary upgrade the new Honeypot app benefits from and this innovation has helped with the recategorization that L2BEAT has subsequently bestowed.
Cartesi Celebrates App Upgrade In a tweet celebrating L2BEAT’s assignment of a new category to Honeypot, Cartesi described it as a “key milestone toward decentralization and trustless security, in line with L2BEAT’s standards.” They also elaborated on the new features the app supports in a blog post that summarizes how the app works.
As a gamified app for whitehats, Honeypot tasks participants with attempting to hack the app in an attempt to claim the CTSI prize pot. Developers are invited to check out Honeypot’s GitHub repo and see whether they can find a way to exploit it. Cartesi has also invited the wider community to follow the progress and see whether any of the whitehats taking on the challenge are able to crack the code.
Making Rollups More Reliable While Honeypot is presented as a fun challenge – a sort of ongoing hackathon – there is serious intent behind the challenge. Making rollups more secure benefits the entire web3 ecosystem, since these lightweight networks are becoming increasingly relied on to scale L1s such as Ethereum. It’s vital that they are highly secure, since any exploit would impair confidence in the entire rollup framework.
As Cartesi explains, Honeypot is designed to solve the challenge of “verifying state transitions in a permissionless, decentralized way that resists Sybil attacks, without requiring massive resources or trust assumptions.” The PRT component is designed to weed out any validators that are acting dishonestly in an attempt to defraud the network.
With Honeypot now serving as a testbed for rollup security, it means Cartesi can rightfully claim to be doing its bit to enhance industry standards when it comes to network design. For as long as Honeypot remains impregnable, it can be taken as evidence that all Cartesi-based rollups are every bit as robust, while also ensuring dispute resolution can be achieved without compromising decentralization.
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Cartesi token soared over 100% to a 3-month high of $0.049 on Friday. Will the Layer 2 token edge higher over the coming sessions, or will it succumb to profit-taking?
Summary
Cartesi price surged over 100% to a three-month high amid a sharp rise in trading volume and a short squeeze. The rally was driven by progress toward L2BEAT Stage 2 status and growing developer activity around Cartesi Machine deployments. Technical indicators show overbought conditions and profit-taking signals, with CTSI price at risk of a pullback toward $0.030 support. According to data from crypto.news, Cartesi (CTSI) price rallied nearly 110% to $0.049 on Friday, reaching its highest level since November 2022.
The rally came in a high-volume trading environment. In the past 24 hours, the daily trading volume of Cartesi rose 1,260%, suggesting a sharp rise in demand from traders that likely buoyed the token toward its highs today.
There are three main reasons why Cartesi price broke out today.
First, Cartesi’s Permissionless Refereed Tournament fraud-proof system is reportedly nearing the Stage 2 classification by L2BEAT. This milestone would rank it among the most secure and decentralized Layer 2 scaling solutions, setting it apart from competitors that still rely on permissioned validators.
Second, the project’s recent initiative to ship high-throughput applications reached critical implementation deadlines in April. Tangible developer interest in the Cartesi Machine, which allows decentralized apps to run on Linux, is finally translating from theoretical potential into live deployments.
Third, after months of trading in a narrow range of $0.02 to $0.025, the sudden break above long-term resistance triggered a volatility spike. This caused a short squeeze, forcing bearish traders to buy back their positions and further fueling the massive gains seen today.
Cartesi price analysis On the daily chart, Cartesi price has broken out of a multi-month descending parallel channel pattern, a sign that bulls have finally gained control of the market. It has already attained the target level from the breakout, suggesting there could be some selloff on the horizon.
Cartesi price has broken out of a descending parallel channel pattern on the daily chart — April 3 | Source: crypto.news Such selloff risks also come as the relative strength index has crossed the overbought threshold. Crypto rallies often face some pullback when this metric hits an overbought state.
Additionally, the Chaikin Money Flow index showed a negative reading, a sign that investors have started to rotate capital or take profits at these higher levels.
Hence, the Cartesi token could likely retest its immediate support of $0.030 before its next leg higher.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
Top 1 On-Chain Liquidation: ETH Bull Whale Hit With 4 Consecutive Forced Liquidations, $14.11 Million in Positions Liquidated
According to Hyperinsight monitoring, today’s largest liquidation on the Hyperliquid platform involved a high-leverage Ethereum (ETH) long whale. The address opened a long position yesterday when ETH was trading at roughly $1,661, and immediately incurred losses after entry. Triggered by ETH’s short-term dip below $1,600 in the early hours of today, the whale faced four consecutive liquidations, resulting in the forced closure of a total of 8,734 ETH positions valued at approximately $14.11 million. The address now holds less than $150,000 in remaining funds, with all positions fully cleared. Address: 0x1cb0b187c14a8c0fb36ca0dcbb775dcc7f02b408
3 minutes ago
A certain on-chain address opened long positions in BTC, ETH, and silver, and purchased $10.699 million worth of BTC and ETH spot.
According to on-chain analyst Ai Yi (@ai_9684xtpa)’s monitoring, address 0x960…3f0fc simultaneously went long on both futures and spot positions this early morning, opening long positions of 102.55 BTC, 954.38 ETH, and 8,790 silver units, with total position value around $8.29 million. It also purchased spot BTC and ETH worth approximately $10.699 million. Its current take-profit levels are set at $63,000 for BTC and $1,650 for ETH.
3 minutes ago
A whale that reaped over $23.77 million in profits from the Basic Attention Token (BAT) ICO has reawakened after six years of dormancy, offloading 12,600 ETH in the past two days.
According to monitoring by EmberCN, a whale address that participated in the BAT ICO in 2017 and generated approximately $23.77 million in total profits has started selling ETH recently after six years of inactivity. Over the past two days, the address has sold 12,586 ETH, receiving 20.59 million USDS in exchange, at an average selling price of roughly $1,636. The whale invested 17,789 ETH in the BAT ICO in May 2017, acquiring around 113.8 million BAT. It then sold BAT gradually over approximately two and a half years at an average price of $0.245, netting about $23.77 million in profits, with some of the BAT converted into 27,586 ETH. Since then, the ETH has remained inactive for a long time until it resumed reducing its holdings recently. Currently, the address still holds around 15,000 ETH, valued at approximately $24.29 million.
3 minutes ago
Japanese storage firm Kioxia plans to list American Depositary Receipts (ADRs) in the U.S. in April or May next year.
Market news: Japanese storage chip maker Kioxia plans to list its American Depositary Receipts (ADRs) in the U.S. in April or May next year. (Jinshi)
3 minutes ago
Micron's earnings report lifts SK Hynix's stock price 11%, trader 'yixie' expands their unrealized profit to $1.3 million.
According to Hyperinsight monitoring, Micron’s Q3 financial results exceeded all expectations, driving peer SK Hynix’s stock to rally nearly 11% from its recent low. On the Hyperliquid platform, SKHYNIX is currently trading at $1,821, up 6.2% in the past 24 hours. Prominent trader yixie (X: @yixie10) nearly doubled his principal during this rally; he is now holding a 2x long position of 2,289 SKHYNIX contracts at an average entry price of ~$1,239.9. Fueled by the rally, the position’s unrealized profit has expanded to $1.37 million, a 96% gain. As of press time, the trader boasts an 85% win rate in semiconductor storage stock trades since opening positions this year, with total historical profits of $6.68 million, including $4.25 million from Micron Technology trades. Address: 0xa65ce1d604fa901c13aa29f2126a57d9032e412b – HyperInsight Bot is now live. Add @HyperInsightBot to your Telegram group and set it as an admin (enable message sending permission) to automatically sync on-chain news.
3 minutes ago
STRC drops to near $80, marking another new all-time low.
According to Bitget market data, Strategy’s preferred stock STRC has dropped to a low of $80.26, hitting a new all-time low since its listing. Calculated based on a $100 par value, the current discount has reached 20%.
PANews, June 19 – Bitget's compliant RWA issuance platform, Reality, announced today that the assets under management (AUM) of its stock token rToken series have surpassed $50 million.
Reality officially launched in May of this year. Identified by the letter "r" followed by the stock ticker (e.g., rNVDA for Nvidia), rTokens connect directly to global liquidity pools such as Nasdaq and the NYSE through a partnership with compliant brokerage Alpaca. Key features include: underlying assets are held in 1:1 reserve and custodied by licensed institutions, stock dividends are distributed 1:1 in token form, and corporate actions such as stock splits and reverse splits are synchronously mapped. Additionally, rToken holdings can now serve as joint margin for Bitget's unified account and USDT-margined contracts, significantly improving cross-asset capital efficiency. To date, Bitget has listed over 500 stock tokens issued by Reality, and some core assets such as SpaceX and Nvidia already support weekend trading, achieving 24/7 spot liquidity.
Top 1 On-Chain Liquidation: ETH Bull Whale Hit With 4 Consecutive Forced Liquidations, $14.11 Million in Positions Liquidated
According to Hyperinsight monitoring, today’s largest liquidation on the Hyperliquid platform involved a high-leverage Ethereum (ETH) long whale. The address opened a long position yesterday when ETH was trading at roughly $1,661, and immediately incurred losses after entry. Triggered by ETH’s short-term dip below $1,600 in the early hours of today, the whale faced four consecutive liquidations, resulting in the forced closure of a total of 8,734 ETH positions valued at approximately $14.11 million. The address now holds less than $150,000 in remaining funds, with all positions fully cleared. Address: 0x1cb0b187c14a8c0fb36ca0dcbb775dcc7f02b408
3 minutes ago
A certain on-chain address opened long positions in BTC, ETH, and silver, and purchased $10.699 million worth of BTC and ETH spot.
According to on-chain analyst Ai Yi (@ai_9684xtpa)’s monitoring, address 0x960…3f0fc simultaneously went long on both futures and spot positions this early morning, opening long positions of 102.55 BTC, 954.38 ETH, and 8,790 silver units, with total position value around $8.29 million. It also purchased spot BTC and ETH worth approximately $10.699 million. Its current take-profit levels are set at $63,000 for BTC and $1,650 for ETH.
3 minutes ago
A whale that reaped over $23.77 million in profits from the Basic Attention Token (BAT) ICO has reawakened after six years of dormancy, offloading 12,600 ETH in the past two days.
According to monitoring by EmberCN, a whale address that participated in the BAT ICO in 2017 and generated approximately $23.77 million in total profits has started selling ETH recently after six years of inactivity. Over the past two days, the address has sold 12,586 ETH, receiving 20.59 million USDS in exchange, at an average selling price of roughly $1,636. The whale invested 17,789 ETH in the BAT ICO in May 2017, acquiring around 113.8 million BAT. It then sold BAT gradually over approximately two and a half years at an average price of $0.245, netting about $23.77 million in profits, with some of the BAT converted into 27,586 ETH. Since then, the ETH has remained inactive for a long time until it resumed reducing its holdings recently. Currently, the address still holds around 15,000 ETH, valued at approximately $24.29 million.
3 minutes ago
Japanese storage firm Kioxia plans to list American Depositary Receipts (ADRs) in the U.S. in April or May next year.
Market news: Japanese storage chip maker Kioxia plans to list its American Depositary Receipts (ADRs) in the U.S. in April or May next year. (Jinshi)
3 minutes ago
Micron's earnings report lifts SK Hynix's stock price 11%, trader 'yixie' expands their unrealized profit to $1.3 million.
According to Hyperinsight monitoring, Micron’s Q3 financial results exceeded all expectations, driving peer SK Hynix’s stock to rally nearly 11% from its recent low. On the Hyperliquid platform, SKHYNIX is currently trading at $1,821, up 6.2% in the past 24 hours. Prominent trader yixie (X: @yixie10) nearly doubled his principal during this rally; he is now holding a 2x long position of 2,289 SKHYNIX contracts at an average entry price of ~$1,239.9. Fueled by the rally, the position’s unrealized profit has expanded to $1.37 million, a 96% gain. As of press time, the trader boasts an 85% win rate in semiconductor storage stock trades since opening positions this year, with total historical profits of $6.68 million, including $4.25 million from Micron Technology trades. Address: 0xa65ce1d604fa901c13aa29f2126a57d9032e412b – HyperInsight Bot is now live. Add @HyperInsightBot to your Telegram group and set it as an admin (enable message sending permission) to automatically sync on-chain news.
3 minutes ago
STRC drops to near $80, marking another new all-time low.
According to Bitget market data, Strategy’s preferred stock STRC has dropped to a low of $80.26, hitting a new all-time low since its listing. Calculated based on a $100 par value, the current discount has reached 20%.
Top 1 On-Chain Liquidation: ETH Bull Whale Hit With 4 Consecutive Forced Liquidations, $14.11 Million in Positions Liquidated
According to Hyperinsight monitoring, today’s largest liquidation on the Hyperliquid platform involved a high-leverage Ethereum (ETH) long whale. The address opened a long position yesterday when ETH was trading at roughly $1,661, and immediately incurred losses after entry. Triggered by ETH’s short-term dip below $1,600 in the early hours of today, the whale faced four consecutive liquidations, resulting in the forced closure of a total of 8,734 ETH positions valued at approximately $14.11 million. The address now holds less than $150,000 in remaining funds, with all positions fully cleared. Address: 0x1cb0b187c14a8c0fb36ca0dcbb775dcc7f02b408
3 minutes ago
A certain on-chain address opened long positions in BTC, ETH, and silver, and purchased $10.699 million worth of BTC and ETH spot.
According to on-chain analyst Ai Yi (@ai_9684xtpa)’s monitoring, address 0x960…3f0fc simultaneously went long on both futures and spot positions this early morning, opening long positions of 102.55 BTC, 954.38 ETH, and 8,790 silver units, with total position value around $8.29 million. It also purchased spot BTC and ETH worth approximately $10.699 million. Its current take-profit levels are set at $63,000 for BTC and $1,650 for ETH.
3 minutes ago
A whale that reaped over $23.77 million in profits from the Basic Attention Token (BAT) ICO has reawakened after six years of dormancy, offloading 12,600 ETH in the past two days.
According to monitoring by EmberCN, a whale address that participated in the BAT ICO in 2017 and generated approximately $23.77 million in total profits has started selling ETH recently after six years of inactivity. Over the past two days, the address has sold 12,586 ETH, receiving 20.59 million USDS in exchange, at an average selling price of roughly $1,636. The whale invested 17,789 ETH in the BAT ICO in May 2017, acquiring around 113.8 million BAT. It then sold BAT gradually over approximately two and a half years at an average price of $0.245, netting about $23.77 million in profits, with some of the BAT converted into 27,586 ETH. Since then, the ETH has remained inactive for a long time until it resumed reducing its holdings recently. Currently, the address still holds around 15,000 ETH, valued at approximately $24.29 million.
3 minutes ago
Japanese storage firm Kioxia plans to list American Depositary Receipts (ADRs) in the U.S. in April or May next year.
Market news: Japanese storage chip maker Kioxia plans to list its American Depositary Receipts (ADRs) in the U.S. in April or May next year. (Jinshi)
3 minutes ago
Micron's earnings report lifts SK Hynix's stock price 11%, trader 'yixie' expands their unrealized profit to $1.3 million.
According to Hyperinsight monitoring, Micron’s Q3 financial results exceeded all expectations, driving peer SK Hynix’s stock to rally nearly 11% from its recent low. On the Hyperliquid platform, SKHYNIX is currently trading at $1,821, up 6.2% in the past 24 hours. Prominent trader yixie (X: @yixie10) nearly doubled his principal during this rally; he is now holding a 2x long position of 2,289 SKHYNIX contracts at an average entry price of ~$1,239.9. Fueled by the rally, the position’s unrealized profit has expanded to $1.37 million, a 96% gain. As of press time, the trader boasts an 85% win rate in semiconductor storage stock trades since opening positions this year, with total historical profits of $6.68 million, including $4.25 million from Micron Technology trades. Address: 0xa65ce1d604fa901c13aa29f2126a57d9032e412b – HyperInsight Bot is now live. Add @HyperInsightBot to your Telegram group and set it as an admin (enable message sending permission) to automatically sync on-chain news.
3 minutes ago
STRC drops to near $80, marking another new all-time low.
According to Bitget market data, Strategy’s preferred stock STRC has dropped to a low of $80.26, hitting a new all-time low since its listing. Calculated based on a $100 par value, the current discount has reached 20%.
After the release of version 3.2.0 of the XRP Ledger core server software “xrpld,” the community has noted a number of issues. The update, which was released on June 15, added performance enhancements, memory optimizations, and security improvements. The most important update was that it renamed the server software as “xrpld” from “rippled.”
Developers Report Bugs On XRP Ledger v3.2.0 The XRP Ledger update was supposed to be a performance improvement and a memory reduction. However, it has already caused some problems for some developers and memory usage concerns for some operators in the project’s GitHub repository.
One of the most significant reports was an operator of nodes who reported that “xrpld” version 3.2.0 had failed to sync with the network. The software continues to be in a “connected” server state and would not have downloaded any ledger data even though the same machine was able to sync when using version 3.1.3, the issue report states. The issue was posted on June 18 and is still pending.
Another bug report came in shortly after release saying that configuration files with inline comments might cause the server to crash when it tries to parse them, which was determined to be a “BadLexicalCast” error. The report indicated that it was the legacy configuration parser that did not succeed in removing comments from some areas containing single value, which resulted in unexpected failures.
The GitHub issue tracker also lists some open bug reports on XRP Ledger that were reported within a few days of the release. These include peer communication issues, resource charging rules, message parsing policies, message compression, consensus-related routing rules, and amendment processing. Project maintainers classified many of the issues as bugs and triaged them.
Other Flaws On The Network In addition to the synchronization and configuration parser problems, node operators detected other bugs in the main server software. XRP Ledger developers reported a transaction relay calculation flaw that can cause transactions to be under-relayed to peers.
Moreover, they spotted a resource charging mechanism that only tracks the highest fee and discards previous fees. It also includes a validator list distribution issue, which sends validator information only to inbound peers, excluding outbound peers.
They also flagged risks of unsigned integer overflow during ledger sequence validation. The XRP Ledger members also saw potential inconsistencies in routing flags for transactions and broken nodes’ ID for proposals linked to ephemeral keys.
Further, they highlighted holes in the logic of ledger tracking that can leave nodes in an unknown state for an indefinite period of time. Some of these have been classified as bugs and are still to be reviewed by maintainers.
The reports have come despite hopes that the June 15 upgrade would actually bring some real improvements in performance. Prior to the launch, community conversations had resounded with the expected 30% to 40% memory usage reduction along with other general code optimizations and fixes.
The XRP Ledger Foundation and its contributors are ongoing with reviewing reported issues via the open source development process. There are no reported bugs that cause network-wide disruption as of this writing, and the issue or issues are still being investigated on their project’s GitHub repository. Currently, 26% nodes have been upgraded on the network.
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PANews, June 20 – A controversy has erupted within the Hyperliquid community over the positioning of HyperEVM, with critics arguing that HyperEVM was not designed as a general-purpose Ethereum execution environment, but rather as a dedicated execution layer focused on composable interaction with Hypercore. Its core design should rely on corewriter and precompiled contracts rather than being used as a general-purpose L1. However, developers currently face a steep learning curve, and complex system address interactions require multiple transactions for cross-asset operations, resulting in low efficiency. In most cases, asset swaps are not even as efficient as AMM mechanisms.
Furthermore, HyperEVM has long suffered from being "neglected," possibly because the team's resources have been concentrated on core products such as HIP-3, HIP-4, and portfolio margin, leading to insufficient investment in ecosystem development. The community suggests that to boost HyperEVM ecosystem activity, developer tools need to be improved, the corewriter mechanism optimized, and more on-chain experimental applications akin to the DeFi Summer style incentivized; otherwise, smart contract innovation may continue to slow down.
TLDR: Venus Core Pool now accepts TSLAB, NVDAB, and SPCXB as collateral for borrowing assets. Users keep stock price exposure while unlocking liquidity without selling their holdings. Binance, PancakeSwap, and Trust Wallet support the tokenization and transfer pathway. Rollout follows conservative risk parameters set through Venus governance procedures. Venus Protocol has launched tokenized stocks as collateral for the first time, introducing bStocks to its Core Pool on BNB Chain.
The integration lets users borrow against tokenized stock positions without selling their holdings. This marks the first tokenized stock collateral market available on the platform.
bStocks Enter Venus Core Pool Venus Core Pool now supports TSLAB, NVDAB, and SPCXB as eligible collateral assets. These bStocks represent tokenized versions of Tesla, Nvidia, and SpaceX-linked stock exposure.
Users supplying bStocks retain price exposure to the underlying equities. At the same time, they unlock borrowing power within the protocol.
Borrowers can access supported assets in Venus Core Pool using bStocks as backing. This includes stablecoins like USDT, USDC, and U.
Other listed tokens on the platform are also available for borrowing. The structure allows holders to keep their stock exposure while accessing liquidity.
Venus Core Pool remains the largest decentralized lending market on BNB Chain. bStocks now sit alongside BTC, ETH, BNB, and major stablecoins in the pool.
This places tokenized equities within the same liquidity infrastructure backing billions in active lending. Venus describes the addition as part of its core financial stack rather than a separate offering.
The bStocks launch follows earlier tokenized commodity listings on Venus, including XAUm. Those markets showed demand for real-world asset exposure within decentralized finance.
Venus is now extending that approach from commodities into equities. This broadens the categories of tokenized assets usable as on-chain collateral.
Ecosystem Collaboration Powers the Rollout The launch involved coordination across multiple platforms within the BNB Chain ecosystem. Binance supplies the tokenization infrastructure behind bStocks.
Users can convert existing Direct Stock holdings into bStocks without fees. Alternatively, bStocks can be purchased directly through Binance Spot.
PancakeSwap and Trust Wallet provide secondary market access for bStocks once tokenized. Holders can move tokens into self-custody wallets through these platforms.
From there, bStocks can be supplied directly to Venus Core Pool. This completes the path from tokenization to active collateral use in DeFi.
Venus Protocol’s Head of BD, Leon, said tokenized assets are turning into a genuine bridge between traditional finance and on-chain systems.
He described the development as a working product rather than a concept, adding that allowing users to borrow against tokenized stock positions without selling expands the meaning of collateral on BNB Chain.
The initial rollout includes a limited set of bStocks under conservative risk parameters. These parameters were set through Venus governance processes.
Any future expansion to additional tokenized stocks will require governance approval. Collateral markets operate continuously, allowing borrowers to access credit at any time.
Capital remains at risk throughout participation in these markets. Tokenized stock values depend on third-party issuers and available liquidity.
Borrowing positions may face automatic liquidation if collateral values decline. Users should review all disclosures before participating in these markets.
Top 1 On-Chain Liquidation: ETH Bull Whale Hit With 4 Consecutive Forced Liquidations, $14.11 Million in Positions Liquidated
According to Hyperinsight monitoring, today’s largest liquidation on the Hyperliquid platform involved a high-leverage Ethereum (ETH) long whale. The address opened a long position yesterday when ETH was trading at roughly $1,661, and immediately incurred losses after entry. Triggered by ETH’s short-term dip below $1,600 in the early hours of today, the whale faced four consecutive liquidations, resulting in the forced closure of a total of 8,734 ETH positions valued at approximately $14.11 million. The address now holds less than $150,000 in remaining funds, with all positions fully cleared. Address: 0x1cb0b187c14a8c0fb36ca0dcbb775dcc7f02b408
3 minutes ago
A certain on-chain address opened long positions in BTC, ETH, and silver, and purchased $10.699 million worth of BTC and ETH spot.
According to on-chain analyst Ai Yi (@ai_9684xtpa)’s monitoring, address 0x960…3f0fc simultaneously went long on both futures and spot positions this early morning, opening long positions of 102.55 BTC, 954.38 ETH, and 8,790 silver units, with total position value around $8.29 million. It also purchased spot BTC and ETH worth approximately $10.699 million. Its current take-profit levels are set at $63,000 for BTC and $1,650 for ETH.
3 minutes ago
A whale that reaped over $23.77 million in profits from the Basic Attention Token (BAT) ICO has reawakened after six years of dormancy, offloading 12,600 ETH in the past two days.
According to monitoring by EmberCN, a whale address that participated in the BAT ICO in 2017 and generated approximately $23.77 million in total profits has started selling ETH recently after six years of inactivity. Over the past two days, the address has sold 12,586 ETH, receiving 20.59 million USDS in exchange, at an average selling price of roughly $1,636. The whale invested 17,789 ETH in the BAT ICO in May 2017, acquiring around 113.8 million BAT. It then sold BAT gradually over approximately two and a half years at an average price of $0.245, netting about $23.77 million in profits, with some of the BAT converted into 27,586 ETH. Since then, the ETH has remained inactive for a long time until it resumed reducing its holdings recently. Currently, the address still holds around 15,000 ETH, valued at approximately $24.29 million.
3 minutes ago
Japanese storage firm Kioxia plans to list American Depositary Receipts (ADRs) in the U.S. in April or May next year.
Market news: Japanese storage chip maker Kioxia plans to list its American Depositary Receipts (ADRs) in the U.S. in April or May next year. (Jinshi)
3 minutes ago
Micron's earnings report lifts SK Hynix's stock price 11%, trader 'yixie' expands their unrealized profit to $1.3 million.
According to Hyperinsight monitoring, Micron’s Q3 financial results exceeded all expectations, driving peer SK Hynix’s stock to rally nearly 11% from its recent low. On the Hyperliquid platform, SKHYNIX is currently trading at $1,821, up 6.2% in the past 24 hours. Prominent trader yixie (X: @yixie10) nearly doubled his principal during this rally; he is now holding a 2x long position of 2,289 SKHYNIX contracts at an average entry price of ~$1,239.9. Fueled by the rally, the position’s unrealized profit has expanded to $1.37 million, a 96% gain. As of press time, the trader boasts an 85% win rate in semiconductor storage stock trades since opening positions this year, with total historical profits of $6.68 million, including $4.25 million from Micron Technology trades. Address: 0xa65ce1d604fa901c13aa29f2126a57d9032e412b – HyperInsight Bot is now live. Add @HyperInsightBot to your Telegram group and set it as an admin (enable message sending permission) to automatically sync on-chain news.
3 minutes ago
STRC drops to near $80, marking another new all-time low.
According to Bitget market data, Strategy’s preferred stock STRC has dropped to a low of $80.26, hitting a new all-time low since its listing. Calculated based on a $100 par value, the current discount has reached 20%.
A former Ethereum Foundation contributor has raised alarms about a possible shortfall in support for the network’s foundational development efforts, warning that it could materialize within the next three to nine months. Trent Van Epps, who spent five years at the Foundation until April 2026 coordinating core protocol activities and related funding initiatives, outlined these concerns in a detailed essay published on June 18, 2026.
Van Epps described the situation as a “slow-burning funding crisis” rather than an abrupt cliff.
He pointed to two primary pressures: the recent conclusion of a multi-year client support program and ongoing adjustments to the Foundation’s treasury management strategy.
The Client Incentive Program, which had channeled resources to teams maintaining Ethereum’s execution and consensus clients over four years, wrapped up in April 2026 without a designated successor mechanism in place.
At the same time, the Foundation has been reducing its annual spending rate.
A treasury plan announced in 2025 set a glide path toward lowering outflows from roughly 15 percent of assets per year down to a more sustainable 5 percent endowment-style baseline by 2030.
This shift aims to preserve long-term solvency after years of using treasury holdings to bootstrap the broader ecosystem.
Van Epps estimated that maintaining adequate capacity across more than ten client teams, research groups, and coordination roles requires consistent annual funding in the range of $30 million.
He noted that current and near-term sources for this level of support appear increasingly limited, based on conversations across the core development community.
Without steady resources, he warned of risks including the departure of experienced contributors who hold deep institutional knowledge, delays in tackling complex challenges such as scalability improvements and future-proofing measures, and potential impacts on the network’s track record of reliability.
The former contributor situated the warning within the Foundation’s long-standing “subtraction” philosophy.
This approach deliberately seeks to limit organizational growth inside the Foundation itself and instead encourage value creation and responsibility across the wider Ethereum ecosystem.
While intended to promote decentralization and maturity, Van Epps argued that executing this transition effectively requires proactive planning for new stewardship structures.
He referenced comments from Ethereum co-founder Vitalik Buterin, who has noted that the Foundation’s original scope—focused on early-stage software development through major upgrades—was largely completed years ago and was never designed as a permanent central authority.
Van Epps called for renewed discussion around updated social, political, and economic arrangements among stakeholders to support ongoing protocol maintenance through more scalable and neutral funding channels.
The concerns come amid reports of staff transitions at the Ethereum Foundation and broader debates about sustainable resourcing for public goods in the Ethereum ecosystem. Van Epps emphasized that underinvestment in continuity could prove costly to reverse if symptoms appear 12–18 months from now, and he urged collective attention to building durable mechanisms that match the project’s long-term goals and objectives.
PANews, June 21 – "White-Haired Stock God" Serenity posted on X platform to reinterpret Sivers Semiconductors (SIVE), bluntly stating that the current market has a cognitive bias regarding the company. He noted that the market generally categorizes SIVE simply as a CPO concept stock, but it is actually a core laser supplier for next-generation optical interconnect architecture, with products fully compatible with multiple mainstream technology routes such as pluggable, Scale-out CPO, Scale-up CPO, and NPO.
Serenity assesses that SIVE may become the "laser bottleneck node" in the next-generation AI optical interconnect system. As various new optical communication architectures achieve large-scale deployment by 2027, industry demand for high-end lasers continues to be released, and the market underestimates SIVE's core positioning and growth potential within the AI data center optical interconnect supply chain.
Top 1 On-Chain Liquidation: ETH Bull Whale Hit With 4 Consecutive Forced Liquidations, $14.11 Million in Positions Liquidated
According to Hyperinsight monitoring, today’s largest liquidation on the Hyperliquid platform involved a high-leverage Ethereum (ETH) long whale. The address opened a long position yesterday when ETH was trading at roughly $1,661, and immediately incurred losses after entry. Triggered by ETH’s short-term dip below $1,600 in the early hours of today, the whale faced four consecutive liquidations, resulting in the forced closure of a total of 8,734 ETH positions valued at approximately $14.11 million. The address now holds less than $150,000 in remaining funds, with all positions fully cleared. Address: 0x1cb0b187c14a8c0fb36ca0dcbb775dcc7f02b408
3 minutes ago
A certain on-chain address opened long positions in BTC, ETH, and silver, and purchased $10.699 million worth of BTC and ETH spot.
According to on-chain analyst Ai Yi (@ai_9684xtpa)’s monitoring, address 0x960…3f0fc simultaneously went long on both futures and spot positions this early morning, opening long positions of 102.55 BTC, 954.38 ETH, and 8,790 silver units, with total position value around $8.29 million. It also purchased spot BTC and ETH worth approximately $10.699 million. Its current take-profit levels are set at $63,000 for BTC and $1,650 for ETH.
3 minutes ago
A whale that reaped over $23.77 million in profits from the Basic Attention Token (BAT) ICO has reawakened after six years of dormancy, offloading 12,600 ETH in the past two days.
According to monitoring by EmberCN, a whale address that participated in the BAT ICO in 2017 and generated approximately $23.77 million in total profits has started selling ETH recently after six years of inactivity. Over the past two days, the address has sold 12,586 ETH, receiving 20.59 million USDS in exchange, at an average selling price of roughly $1,636. The whale invested 17,789 ETH in the BAT ICO in May 2017, acquiring around 113.8 million BAT. It then sold BAT gradually over approximately two and a half years at an average price of $0.245, netting about $23.77 million in profits, with some of the BAT converted into 27,586 ETH. Since then, the ETH has remained inactive for a long time until it resumed reducing its holdings recently. Currently, the address still holds around 15,000 ETH, valued at approximately $24.29 million.
3 minutes ago
Japanese storage firm Kioxia plans to list American Depositary Receipts (ADRs) in the U.S. in April or May next year.
Market news: Japanese storage chip maker Kioxia plans to list its American Depositary Receipts (ADRs) in the U.S. in April or May next year. (Jinshi)
3 minutes ago
Micron's earnings report lifts SK Hynix's stock price 11%, trader 'yixie' expands their unrealized profit to $1.3 million.
According to Hyperinsight monitoring, Micron’s Q3 financial results exceeded all expectations, driving peer SK Hynix’s stock to rally nearly 11% from its recent low. On the Hyperliquid platform, SKHYNIX is currently trading at $1,821, up 6.2% in the past 24 hours. Prominent trader yixie (X: @yixie10) nearly doubled his principal during this rally; he is now holding a 2x long position of 2,289 SKHYNIX contracts at an average entry price of ~$1,239.9. Fueled by the rally, the position’s unrealized profit has expanded to $1.37 million, a 96% gain. As of press time, the trader boasts an 85% win rate in semiconductor storage stock trades since opening positions this year, with total historical profits of $6.68 million, including $4.25 million from Micron Technology trades. Address: 0xa65ce1d604fa901c13aa29f2126a57d9032e412b – HyperInsight Bot is now live. Add @HyperInsightBot to your Telegram group and set it as an admin (enable message sending permission) to automatically sync on-chain news.
3 minutes ago
STRC drops to near $80, marking another new all-time low.
According to Bitget market data, Strategy’s preferred stock STRC has dropped to a low of $80.26, hitting a new all-time low since its listing. Calculated based on a $100 par value, the current discount has reached 20%.
PANews, June 22 – According to an official announcement, Gate has released its latest reserve report. As of June 22, 2026, the platform’s overall reserve ratio reached 115%, significantly above the 100% industry safety benchmark, covering nearly 500 different types of user assets and continuously safeguarding user asset security through a verifiable mechanism.
In terms of core assets, BTC user assets grew from 17,216 in the previous period to 19,054, with the platform holding 25,292 in reserves, representing an excess reserve ratio of 32.73%; ETH user assets stood at 344,935, with the platform holding 423,960 in reserves, representing an excess reserve ratio of 22.91%. For stablecoins, USDT user assets were 1.418 billion, with platform reserves of 1.432 billion, an excess reserve ratio of 1.00%; USDC user assets were 89 million, with platform reserves of 117 million, an excess ratio of 30.75%; USD1 user assets grew from 6.82 million in the previous period to 712 million, with platform reserves of 782 million, an excess ratio of 9.87%. Notably, GUSD user assets further increased from 108 million in the previous period to 185 million, with platform reserves of 319 million, an excess ratio of 72.81%.
Additionally, the reserve ratios for major assets such as GT and XRP also significantly exceeded the 100% reserve standard, reaching 134.18% and 116.92% respectively. Gate’s latest reserve report shows that its core asset reserve scale remains robust, providing strong assurance for user fund security and platform operational stability.
PANews, June 23 – According to an announcement from THORChain, the network has fully resumed operations after more than a month of downtime. Core functions including signing, node churning, asset custody, liquidity provision, and cross-chain swaps have all been brought back online, and trading services have officially resumed. THORChain stated that safety and stability were the top priorities for this recovery, and comprehensive verification of vaults and key shares has been completed. The future roadmap includes native Monero swaps, Zcash support, dynamic fees, and deeper liquidity optimization.
PANews June 25 news, according to iGB, the Curaçao Gaming Authority (CGA) has released cryptocurrency policy guidelines for B2C online gambling license holders, covering the full lifecycle requirements for crypto deposits, betting, withdrawals, and fund management, to be implemented in phases through mid-2027. Core requirements include: licensees may only accept cryptocurrency for gambling and must not act as exchanges or custodians; must possess blockchain analysis capabilities for wallet screening and transaction monitoring; prioritize fiat-backed stablecoins, while privacy coins and meme coins of unknown origin must be assessed or prohibited; player, operational, and fund wallets must be segregated. The CGA requires immediate prohibition of transactions involving sanctioned wallets and mixers, submission of compliance policies within three months, completion of risk assessments and staff training within six months, and full compliance by June 2027. The guidelines are aligned with FATF international standards.
Amid the ongoing pullback in Solana, whale activity involving SOL has been on the rise, particularly in staking wallets.
Transaction records on SolScan reveal substantial whale activity, with several SOL transfers from Binance to the wallet address AA21…VxH9. Lookonchain’s analysis indicates that this whale moved 206,111 SOL, valued at $36 million, from the Binance exchange over the past nine days.
Whales continue to buy $SOL and stake it!
AA21…VxH9 has withdrawn 206,111 $SOL($36M) from #Binance and staked it in the past 9 days.https://t.co/1vpVWG5SSK pic.twitter.com/42EAFnhQ7D
— Lookonchain (@lookonchain) October 31, 2024
Such movements, especially from large holders, typically indicate an optimistic outlook, as whales choose to stake their assets rather than keep them liquid for immediate trading. The whale’s portfolio is currently valued at approximately $29 million, primarily consisting of Marinade Staked SOL (mSOL). Its staking account holds 38,043 SOL, valued at $6,622,572.
Historical Whale Accumulations This recent whale activity builds on earlier acquisitions by other participants. In September, a different whale accumulated 34,807 SOL, amounting to $4.52 million, and has since moved 207,000 SOL to self-custody since February. These holdings were acquired at an average price of $142, and approximately 115,135 SOL, valued at $15.3 million, were subsequently staked.
It is important to note that Solana’s (SOL) performance in 2024 has shown volatility, but recent data points to renewed whale interest and staking activity. After an early-year surge, SOL encountered resistance at the $200 mark, causing its price to fluctuate between $125 and $180.
Projected Uptrend for Solana This retracement coincided with technical analysis showing an emerging bullish flag pattern on Solana, potentially indicating a further upward trend. Analyst Xanrox has identified a continuation pattern, suggesting that the current consolidation phase may precede another price increase.
For context, over the past week, SOL has gained traction again, reaching $183 after a brief retracement that pulled it back to $174 during this press.
According to Elliott Wave theory cited by Xanrox, SOL has already demonstrated impressive gains in wave 3 and is now progressing toward wave 5.
Fibonacci analysis from Xanrox outlines two potential price targets for SOL: a 0.382 retracement level at $383.39 and a 0.618 level at $829.17, marking potential gains of 119.9% and 372.77%, respectively. While a minor pullback may test the $147 level, overall sentiment remains positive for Solana’s trajectory.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
In the crypto universe, whether novices or veterans, all players seek to attract with the promise of disruption. New solutions emerge every day, shaking up a market in full mutation. It is in this context that MoonPay launches into Solana liquid staking with an offer of 8.49% annual yield. This initiative aims to simplify access to decentralized finance for a wide audience. A bold but logical bet as Solana experiences incredible growth and appetite for on-chain yields grows ever stronger.
In brief MoonPay simplifies staking: minimum deposit of 1 USD, with a reward every two days. Solana surpasses Ethereum with over 53 billion dollars staked, attracting strong demand. Maximum flexibility: no lock-up and the ability to withdraw at any time, without constraints. Solana on the rise: liquid staking becomes a lever of choice Solana, which has recently surpassed Ethereum in terms of total value staked (53.9 billion dollars versus 53.7 billion for Ethereum), establishes itself as a key player in staking. Indeed, Solana offers an annual yield of 8.3%, much higher than Ethereum’s (3.2%). A differential that appeals both to experienced crypto investors and newcomers to the decentralized finance universe.
This liquid staking, where users can deposit SOL without a lock-up period, fits into a growing trend. According to Ivan Soto-Wright, CEO of MoonPay, the goal is to make staking as simple as a traditional savings account while offering attractive yields thanks to blockchain. In his words:
We have created a product that reflects the ease of a savings account, but with the potential of blockchain networks behind it.
Launched from July 23, this feature, available in more than 100 countries, offers an 8.49% yield for Solana holders. Users can stake starting from 1 USD and receive rewards every two days.
An offer adapted to the general public: MoonPay simplifies staking MoonPay stands out through its desire to make liquid staking as accessible as possible. While players like Marinade and Jito already dominate the Solana market, MoonPay bets on simplicity to capture a wider audience, especially non-technical investors. The one-tap interface allows users to participate in staking without having to interact directly with tokens or complex protocols.
With a minimal entry of 1 USD, MoonPay allows a broad audience to benefit from blockchain rewards while simplifying the interface. This offer echoes MoonPay’s goal to make decentralized finance accessible to all, including those with little experience in the field. The objective: to democratize on-chain rewards and attract a wider audience, including those who had never considered investing in crypto assets before.
MoonPay has also played a key role in integrating a staking product that allows total flexibility. Users can withdraw their funds at any time, unlike other products that impose lock-up periods. This makes the offer particularly attractive to occasional investors who seek profitability without taking too many risks.
Growth and competition: MoonPay facing the giants of crypto While Solana attracts users due to higher yields, the competition in the liquid staking domain is fierce. Platforms like Marinade and Jito also offer competitive yields, but MoonPay’s flexibility and ease of use could allow it to stand out. Indeed, MoonPay’s goal is not just to compete with these platforms but to simplify the access process to Solana and its yields.
Staking platforms like Marinade and Jito offer similar yields and flexible liquidity, but they often address a more knowledgeable audience due to the complexity of their interfaces. MoonPay, with its one-tap solution and low entry threshold, targets the general public market directly, which could attract a significant number of investors who have not yet taken the crypto staking step.
Key figures:
Solana surpasses Ethereum: In April 2025, Solana exceeded Ethereum with 53.9 billion dollars staked.; Attractive yield: Solana staking offers an annual yield of 8.3%, versus 3.2% for Ethereum; An accessible product: Staking from 1 USD, with rewards distributed every two days; Institutional adoption: Companies like DeFi Development Corp and Upexi have acquired millions of SOL. Thanks to its ease of use and low entry threshold, MoonPay succeeds in capturing a share of the growing market, while offering a flexible and accessible alternative to Solana staking.
In an environment where crypto staking platforms are flourishing, MoonPay stands out with a smooth and accessible solution. However, competition remains fierce. For example, Kraken recently launched a groundbreaking BTC staking service, allowing its users to put their BTC to work for passive yield. This illustrates the strong demand for innovative staking services.
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Mikaia A.
La révolution blockchain et crypto est en marche ! Et le jour où les impacts se feront ressentir sur l’économie la plus vulnérable de ce Monde, contre toute espérance, je dirai que j’y étais pour quelque chose
DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
Open Campus, a community-led education protocol, has launched the EDU bridge to Arbitrum. It is available for users starting today, July 24th. This is the third bridging partnership. Before this one, Open Campus had already announced the options to bridge across BNB and ETH.
$EDU is now bridged to @arbitrum!
This simplifies bridging from Arbitrum to EDU Chain mainnet, amplifying our reach and potential holders.
We're live and making moves across BNB, ETH, and now ARB.
Nothing but 💙 pic.twitter.com/vPf78Bx7u1
— Open Campus (@opencampus_xyz) July 24, 2024 Impact of Bridging Open Campus (EDU) is a decentralized educational platform. It aims to tackle the key challenges in education today. It connects learners, educators, content creators, and educational institutions. It enables new ways of collaboration and value creation with blockchain technology.
Beyond its role as a platform, it is a community. It helps with meaningful interactions and exchanges. The EDU token is the governance token for the Open Campus DAO. It is also the native gas token of the EDU Chain.
Users can now move their assets between the mainnet of EDU Chain and Arbitrum. This expands the network’s scope and the number of potential holders. Transferring tokens lets users access a pool on the Arbitrum network. This can allow them to have liquidity which reduces price volatility.
The Open Campus is limited in terms of services. However, Ethereum, BNB, and Arbitrum have far better access to DeFi apps and services. These include lending, staking, and trading protocols. That’s why bridging is beneficial.
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