ChainCatcher message, on-chain detective ZachXBT posted on social media, warning to be cautious of the following high-risk behaviors:Depositing funds into newly launched EVM chain fork DeFi protocols, which are often developed by low-skilled teams and may have vulnerability risks;Investing in projects with fewer Kaito smart followers, especially being wary of projects with fake followers or excessive marketing. These behaviors may lead to financial losses, and users should avoid blindly chasing trends and conduct at least minimal due diligence.

ChainCatcher news, according to SlowMist monitoring, the DeFi protocol SIR.trading was attacked, and Cosine estimates that the hacker's profit from this attack is $350,000.

ChainCatcher news, according to official sources, the DeFi protocol Linear Finance has announced that it will cease operations. It stated that despite years of commitment to innovation and development, it has failed to achieve sustainable returns. Linear Finance has faced increasing financial pressure, with only a brief period of profitability in early 2019/2020.The project's funding primarily came from personal contributions by the project owners and token liquidation, but this model is no longer viable. Binance's decision to delist the LINA token has exacerbated the project's financial difficulties, leading to a 65% reduction in market capitalization and significantly decreasing the remaining operational funds.As a result, the project's main stakeholders have collectively decided to end operations. The operations team will contact users with active positions as soon as possible and provide a detailed timeline and guidance.

ChainCatcher News, U.S. Representatives Tom Emmer and Darren Soto have reintroduced the "Securities Clarity Act," aimed at clarifying the legal distinction between crypto assets and securities contracts, providing a compliance pathway for innovative projects. The bill has received support from Coin Center, the Blockchain Association, and others, and is seen as an important prelude to legislation on the structure of the U.S. crypto market. The bill emphasizes that "investment contract assets" should be distinct from the securities issuance to which they were originally attached, laying the legal groundwork for the reclassification of digital assets as commodities after decentralization.

ChainCatcher news, according to The Block, the U.S. Senate passed a bill on Wednesday evening to repeal the IRS's "broker" rule for DeFi platforms with a vote of 70-28. The bill has now been sent to President Trump for signing. White House crypto and AI czar David Sacks stated that Trump's senior advisory team plans to recommend that the president sign the bill.

ChainCatcher news, the Arbitrum Foundation released the 2024 Transparency Report, disclosing funding for 276 projects in areas such as DeFi, gaming, and infrastructure. Additionally, the AI Trailblazer program attracted early innovators.In 2024, the Foundation expanded developer education and engagement: making significant appearances at EthCC, Token2049, Devcon, and regional events, with ambassadors from 18 countries producing over 9,000 pieces of content. Initiatives like "Step into Arbitrum" helped onboard new developers.The Arbitrum Foundation also played a key role in supporting technological advancements such as Stylus, BoLD, Timeboost, and Fast Withdrawals, further solidifying the alliance between Arbitrum and Ethereum.

ChainCatcher news, the Starknet ecosystem lending protocol Nostra has discovered a serious error in its price oracle, causing the prices of xSTRK and sSTRK to be incorrectly inflated by about 3 times. To prevent unnecessary liquidation of user assets, Nostra has suspended the borrowing functions for both and advised deposit users to withdraw their collateral as soon as possible.Due to the lack of backup oracles, Nostra stated that similar risks may still exist in the future.

ChainCatcher news, according to Ember monitoring, the DeFi project WLFI supported by the Trump family sold 184,000 ENA in the past day, exchanging it for 0.794 WBTC (approximately $69,000).The project previously raised funds by selling WLFI and invested in 11 tokens, most of which were transferred to Coinbase Prime, and it remains unclear whether they have been sold. Currently, ETH and WBTC account for 87% of the WLFI portfolio.

ChainCatcher news, according to on-chain analyst Yu Jin's monitoring, the DeFi project WLFI supported by the Trump family purchased 3.539 million MNT for 3 million dollars 15 minutes ago, with an average transaction price of about 0.84 dollars.As of now, WLFI has invested approximately 343 million dollars in 11 tokens including ETH, WBTC, TRX, LINK, AAVE, ENA, MOVE, ONDO, SEI, AVAX, and MNT, with an overall paper loss of about 109 million dollars, resulting in a loss rate of one third. Some tokens have a mutual "lifting" behavior with WLFI.

ChainCatcher news, according to Bitcoinist, cryptocurrency exchange MEXC announced a strategic partnership with the Solana ecosystem issuance platform pump.fun. The two parties will explore further cooperation on the MEXC DEX+ platform, optimize user trading experience, and jointly explore how to strengthen the deep integration of centralized finance (CeFi) and decentralized finance (DeFi).The first step of this cooperation will be the integration with pump.fun's native DEX PumpSwap. MEXC Dex+ will become the first DEX aggregator integrated with PumpSwap.