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ZEC $1,134.09 -7.08%
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AMZN $248.23 +2.91%
GOOGL $282.08 -0.48%
MSFT $515.14 -1.91%
META $611.13 -0.60%
NVDA $203.80 -0.41%
TSLA $404.36 +1.30%
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RUNE has dropped about 20% in the last 24 hours, briefly falling below 0.5 USD

According to HTX market information, the native token RUNE of the cross-chain protocol THORChain has dropped about 20% in the past 24 hours, briefly falling below $0.5. During the previous Bitget hacking incident, a large amount of funds were exchanged through THORChain, leading to a surge in trading volume and fees, which the market viewed as a positive for protocol revenue, resulting in an increase in RUNE.This decline is due to heightened regulatory and security risks, with the market concerned about whether THORChain can resolve the conflict between security and regulation while maintaining its permissionless nature. On-chain data shows that after the Binance hack, hackers deposited approximately 185.1 million TRX and 3.83 million USDT through THORChain, totaling about 2,697 deposits, net exchanging around $48.3 million, and actually receiving about $42.7 million, with losses of about $5.7 million due to fees and slippage.At the same time, the FBI, U.S. Secret Service, and IRS-CI jointly requested THORNode, RPC nodes, and DeFi service providers to intercept funds related to North Korean hackers. THORChain co-founder Chad Barraford stated that node operators do not have more information than the public and have not made a clear commitment to proactively block addresses. Another co-founder, JP Thor, publicly opposed cooperating with freezes, believing that the principles of decentralization and permissionlessness should be upheld.

OKX Star: Calling for the establishment of industry-level security standards, opposing security becoming a competitive field

According to official news, regarding the recent security incidents involving Bybit, Bitget, and Binance, OKX founder and CEO Star stated that security should not be a field of commercial competition, but rather a shared responsibility of the entire cryptocurrency industry. Over the past decade, major exchanges have made significant progress in private key protection, but there are still potential risks in access control and wallet management systems. He emphasized that no system is absolutely secure, and any major security breach at an exchange could undermine the trust of the entire industry.Star called on major exchanges in the cryptocurrency industry to strengthen cooperation and jointly establish stricter industry security standards and coordinated response mechanisms, including increasing verification and security delays for large withdrawals to unknown addresses and smart contract authorization transactions, as well as implementing key security restrictions at the cryptographic signature layer. At the same time, the industry should establish real-time security incident reporting, joint monitoring of suspicious funds, and rapid response mechanisms, and promote collaborative research in areas such as post-quantum cryptography and AI security threat defense. He emphasized that no single company can safeguard the future of the cryptocurrency industry alone.

Beijing investigates the first case of pyramid selling using blockchain and virtual currency, a technology company was fined and confiscated over 930,000 yuan

According to a report from the Beijing Daily client, the Market Supervision Administration of Haidian District, Beijing, investigated and handled the city's first illegal case of assisting pyramid schemes using blockchain and virtual currency technology, resulting in a technology company being fined and confiscated a total of over 930,000 yuan.The technology company involved is an outsourcing service provider for a certain public blockchain, offering support such as operations, market services, publicity and promotion, exchange docking, and maintenance. This public blockchain launched the "Atomic Plan" and "Hathaway Plan," which are centered around recruiting people for rebates, using the number of recruited individuals as the basis for rebates, and requiring participants to invest funds to obtain membership qualifications. Despite being aware of the pyramid scheme applications associated with this public blockchain, the involved company continued to provide technical operations, external publicity, and maintenance of virtual currency trading channels, facilitating the flow of funds and the spread of activities related to the pyramid scheme.Ultimately, the pyramid scheme activities of this public blockchain were investigated by public security authorities, the organizers were criminally detained, and the involved technology company was administratively punished with a total fine and confiscation of over 930,000 yuan for providing facilitative conditions.
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