ChainCatcher message, MIM Spell has disclosed that it is aware of the vulnerability related to gmCauldrons. Core contributors and security engineers are investigating the issue in depth and will provide more information as soon as possible. After the Zeroshadow team alerted them, all cauldrons' lending has been suspended. The total losses caused by this attack are currently being assessed. Moreover, this vulnerability only affects gmCauldrons, and no user collateral assets are impacted. MIM Spell is willing to negotiate with the hacker, offering a total of 20% of the bug bounty.

ChainCatcher news, Sonic Labs co-founder Andre Cronje posted: "I'm pretty sure our team has cracked the algorithmic stablecoin, but given past events, I'm not sure we should implement it." Andre Cronje hinted that the potential algorithmic stablecoin would be an independent project from Sonic (formerly known as Fantom).Additionally, a user suggested that Andre Cronje name the product "Anchor," in honor of the decentralized lending platform Anchor Protocol that drove the widespread adoption of UST. Andre Cronje seems to be considering this request.

ChainCatcher news, World Liberty Financial plans to launch an institutional stablecoin USD1.The stablecoin can be exchanged 1:1 for US dollars and will be 100% backed by short-term U.S. government bonds, dollar deposits, and other cash equivalents. It will initially be minted on the Ethereum (ETH) and Binance Smart Chain (BSC) blockchains, with plans to expand to other protocols in the future. It is reported that the USD1 reserves will be custodied by BitGo.

ChainCatcher news, GMX officially stated that security research institutions such as PeckShield and other blockchain security experts have discovered vulnerabilities in the funds pools (cauldrons) using GM tokens in Abracadabra/Spell that have been exploited.GMX has made it clear that the GMX smart contracts are unaffected and are operating normally; the issue is only related to the funds pools of Abracadabra/Spell. These funds pools allow users to use specific GM liquidity tokens as collateral for borrowing. Currently, Spell, the GMX team, and security researchers are investigating the cause of the issue.ChainCatcher previously reported that the blockchain security company PeckShield released the latest data, showing that the losses from the GMX and MIM Spell security vulnerability incident have increased to approximately 6260 ETH, equivalent to about 13 million USD at current market prices.

ChainCatcher message: According to official news, MEXC will open pre-market trading for Kinto (K) on March 25, 2025, at 22:00 (UTC+8). Users can trade in advance before the K spot trading opens.

ChainCatcher news, Tarta Labs announced the completion of a $4.5 million Pre-seed funding round, led by BITKRAFT Ventures, with participation from The Spartan Group, IVC, HashKey Capital, and Gam3Girl Ventures.It is reported that the funds from this round of financing will be used for the development and ecological construction of Tarta Games' first 3D anime ARPG game, "Spot Zero."Previously, Tarta Labs had received million-dollar grants from Arbitrum and Mantle. In addition to game development, Tarta Labs is also establishing a new anime IP ecosystem through AI creation, interactive gameplay, decentralized content ownership, and shared royalties.

ChainCatcher news, since its establishment, the Bitget Builders program has continuously promoted brand influence through offline education and training, and has contributed to the development of the blockchain ecosystem. So far, the program has held over 60 events in 29 countries worldwide, with a membership exceeding 5,000 people, covering 55 countries and regions globally.Recently, Bitget launched the Bitget Academy training program in Europe, offering a series of practical blockchain courses, and has conducted training in North America and the Asia-Pacific region to help more people adapt to the Web3 development trend. At the same time, the "Build Bitget With Vugar" event, hosted by Bitget COO Vugar, has built a bridge for global community members to engage directly with Bitget executives, facilitating in-depth discussions around the platform's vision, core values, and future plans.To strengthen community building, Bitget has officially upgraded its community manager system, fully integrating it into the Bitget Builders program and providing them with more resources and growth opportunities. In addition, Bitget will launch the "Builder Training Camp," offering systematic training and industry resources to help them exert greater influence in local markets.

ChainCatcher news, Binance announced that it has discovered a connection between a market maker of the Movement (MOVE) project and another market maker that was recently banned from continuing market-making activities on the platform due to improper conduct.According to the announcement, the abnormal behavior of this market maker includes: after the MOVE token was launched for one day (2024-12-10), this market maker sold approximately 66 million MOVE tokens, while there was almost no buy support. Before the partnership was terminated by Binance on 2025-03-18, this market maker had already gained a net profit of about 38 million USDT.To protect user interests, Binance has taken the following measures:Notified the Movement Labs and Movement Foundation teams about the abnormal behavior of their market maker;Frozen the profits of this market maker for subsequent user compensation (specific compensation plans will be determined and announced by the project team later);Terminated cooperation with this market maker and prohibited any further market-making activities on the Binance platform.

ChainCatcher news, on-chain detective ZachXBT posted that the Crypto.com team recently reissued 70 billion CRO tokens, which were previously promised to be "permanently destroyed" in 2021, accounting for 70% of the total supply. This move seriously violates community consensus, as the team controls the majority of the token circulation.ZachXBT criticized this behavior as akin to fraud and questioned why Truth still chooses to cooperate with them instead of other platforms like Coinbase or Kraken.Previous news, Trump Media & Technology Group (TMTG) announced that it has reached a preliminary cooperation intention with the crypto trading platform Crypto.com, planning to jointly launch a series of ETFs and related products through its fintech brand Truth.Fi, expected to be officially launched in 2025, pending the signing of a final agreement and regulatory approval.

ChainCatcher news, according to monitoring by The Data Nerd, in the past 24 hours, Cumberland has deposited approximately $117.54 million in stablecoins to multiple exchanges (including Binance, OKX, Kraken, Bybit, and Coinbase), which includes $29.8 million USDT and $87.34 million USDC.

ChainCatcher message, GMGN co-founder Haze responded to "the issue of the webpage freezing and sometimes being unable to buy or sell" by stating that it is generally caused by too many browser extensions, which lead to webpage crashes, freezing, and performance issues, as well as interfering with webpage loading.

ChainCatcher news, according to official sources, Binance Wallet stated that on March 23, 2025, the Binance internal audit team received a complaint alleging that an employee used insider information for front-running trades. The preliminary investigation results are as follows:Investigation Results: The employee had previously held a business development position at BNB Chain before joining the Binance Wallet team. They used information obtained from their previous position to purchase tokens of a certain project in advance, and then quickly sold them after the project announcement was made, reaping significant profits. This behavior violated company policy and constituted front-running based on non-public information.Disciplinary Action: The employee has been suspended pending further disciplinary action. Binance will actively cooperate with relevant authorities and take appropriate legal action in accordance with the law.Whistleblower Rewards: Binance encourages community oversight and rewards effective information reported through official channels. A total of $100,000 has been allocated to four whistleblowers. For future leads, the community can continue to submit through official channels.Binance is committed to strengthening internal controls to ensure transparency, fairness, and integrity, maintaining a secure trading environment.

ChainCatcher message, Binance founder Changpeng Zhao posted on social media, "Someone told me that since I shared the post 'WLFI is suspected to have issued the stablecoin USD1 on BNB Chain', many scammers have created coins with the same name. The USD1 token officially issued by WLFI is not yet tradable. Please do not be deceived."The WLFI project has issued the stablecoin USD1 on both Ethereum and BNB Chain and is conducting multiple functionality tests, but the official statement indicates that USD1 is currently not tradable.

ChainCatcher message, when asked about regulatory issues, SEC Commissioner Hester Peirce stated that the crypto industry needs "clear and reasonable boundaries of regulatory authority."

ChainCatcher news, the open interoperability framework Hyperlane tweeted that Soneium is now live, and developers on Soneium can now build cross-chain applications and token bridges.

ChainCatcher news, according to official sources, Cronos Labs has announced the appointment of Mirko Zhao as the head of Cronos, responsible for product and engineering.It is reported that Mirko has extensive experience in blockchain and DeFi, and will play a key role in driving the product strategy and incubation plans of Cronos Labs.

ChainCatcher news, according to Jinshi reports, India plans to abolish the 6% digital advertising service tax on tech companies such as Google (GOOG.O) and Meta Platforms (META.O) starting from April 1 this year.Previously, U.S. President Trump stated that the U.S. would impose "reciprocal tariffs" starting from April 2.