Token Burn

On February 21, 2025, Bybit trading platform's Ethereum Cold Wallet suffered a large-scale theft of funds, with losses of approximately $1.46 billion. The attackers used phishing tactics to lure signers into signing malicious transactions, modifying contracts, and transferring assets. The incident revealed security vulnerabilities and emphasized the need to strengthen device security and enhance security awareness to avoid blind signing and the use of multi-factor authentication.

The on-chain asset trading platform has launched a zero-fee event and an rewards points program. A well-known cryptocurrency trading platform announced the launch of a limited-time zero-fee event for its on-chain asset trading section on May 29, 2025, along with a three-week points rewards program. This initiative aims to attract more users to participate in on-chain asset trading and discover potential projects by reducing trading costs and enriching incentive mechanisms. It is reported that the special area has performed remarkably since its launch. Official data shows that by the end of May 2025, the cumulative transaction volume in the first month has exceeded $3 billion, with a total airdrop amount exceeding $2 million, and more than 600 cryptocurrencies have been launched, with over 60% of the cryptocurrencies experiencing a price increase of more than 100% after launching, demonstrating strong project quality and market vitality. Zero Fee Trading Activity Details Starting from May 29 at 10:30 (UTC+8), users can enjoy rewards for trading any supported currencies in this area.

1 CryptoPunk: $153,500 1 Bitcoin: $118,600

everyone started somewhere

The amazing performance of Bitcoin is attracting the attention of more and more Financial Institutions. Recently, some conservative funds in the United States have begun to include Bitcoin in their investment portfolios, a move that may signal a huge influx of funds into the Crypto Assets market. According to industry insiders, some conservative funds have allocated 1% of their Assets Under Management (AUM) to Bitcoin. The reasons behind this decision are varied, including the shift in the U.S. government's attitude towards Crypto Assets and Bitcoin's long-standing excellent performance. In fact, Bitcoin has maintained a 90% compound annual growth rate over the past 13 years, a track record that is enough to catch the eye of any investor. In stark contrast, many traditional asset classes have performed poorly during the same period. Currently, the total assets managed by American Financial Institutions are estimated to be around $31 trillion. If only 1% of this money flows into Bitcoin, it could mean over $300 billion in new investments. Furthermore, if we consider the participation of global institutional investors, this number could soar to an astonishing $1 trillion or more. This potential large-scale inflow of funds will undoubtedly have a significant impact on the price of Bitcoin. However, investors should also be aware that the high volatility of the Crypto Assets market still exists, and therefore, careful consideration is needed when making investment decisions. As more institutional investors begin to take Bitcoin seriously, we may be witnessing a critical moment in the shift of Crypto Assets from alternative assets to mainstream financial instruments. This could not only change Bitcoin's market position but also have a profound impact on the entire financial ecosystem. Nevertheless, investors must remain vigilant and closely monitor changes in the regulatory environment and market risks. In this rapidly evolving field, opportunities and challenges coexist, making wise investment strategies and risk management more important than ever.