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BTC $63,917.19 +1.06%
ETH $1,733.84 +1.54%
BNB $586.16 +1.30%
XRP $1.13 +0.96%
SOL $71.64 +3.37%
TRX $0.3240 +0.85%
DOGE $0.0835 +0.40%
ADA $0.1620 +0.18%
BCH $199.40 +1.14%
LINK $7.95 +0.44%
HYPE $70.72 +0.65%
AAVE $75.25 +2.57%
SUI $0.7086 -0.68%
XLM $0.2145 -3.64%
ZEC $472.88 +3.98%

pro

Chinese prosecutors' official account: Handling virtual currency money laundering cases should focus on wallet addresses as a breakthrough point

The WeChat public account of the Chinese prosecutor published an article titled "Research on Foreign-Related Cases | Key Points for Cross-Border Electronic Evidence Collection in Virtual Currency Money Laundering Crimes," which pointed out that when handling virtual currency money laundering cases, one should use the virtual currency wallet address as a breakthrough point, apply blockchain technology to analyze on-chain data characteristics and the flow of funds, and identify money laundering activities conducted through virtual currencies to achieve precise strikes.The article proposed that the evidence collection model should be built around two core proof elements: identity relevance and transaction relevance, establishing a "domestic evidence collection as the basis, cross-border evidence collection as a supplement" approach, and standardizing the applicable boundaries of unilateral evidence collection and bilateral judicial assistance to enhance the efficiency of cross-border evidence collection.For third-party entities such as exchanges, wallet service providers, and payment channels, the article suggested establishing "elemental" retrieval standards, focusing on obtaining KYC information and change records, login logs, device and IP information, two-factor authentication records, deposit and withdrawal records, on-chain addresses, transaction hashes, as well as risk control and freezing records, to establish the relationship of "address---account---natural person."

Axelar Network was hacked, and approximately 4.67 million dollars worth of tokens were stolen

Axelar Network stated on platform X that an event affecting assets bridged from the Axelar chain to the Secret Network via IBC has been discovered, with approximately $4.67 million worth of tokens stolen.According to the information currently available, the issue is limited to the ICS-20 smart contract on the Secret side, which is part of the Cosmos IBC connection between Secret and Axelar, used to bridge assets from Axelar to Secret. The Axelar Emergency Committee immediately disabled the Secret and Secret-SNIP connections upon discovering the incident. The team is contacting relevant exchanges and law enforcement agencies. The incident is limited to assets bridged from Axelar to Secret via IBC. Other IBC connections or Secret tokens do not appear to be affected. Other Axelar integrations are unaffected. The core protocol of Axelar is not impacted.Additionally, according to Common Prefix's analysis of the Secret Network incident, an attacker exploited an infinite minting vulnerability in a modified CW20-ICS20 token contract on Secret, stealing approximately $4.67 million. The attacker minted arbitrary Secret-wrapped Axelar assets on Secret by launching a new Cosmos chain (with only one validator) and self-relaying IBC packets to it. The contract did not verify which IBC channel the inbound tokens came from. The attacker exited through the Axelar bridge. The Axelar protocol was not compromised and prevented the spread of contagion to other chains.

Data: Bitcoin network activity approaches historical highs, with small transactions and inscription activities driving daily transaction volume to exceed 800,000

CryptoQuant data shows that Bitcoin network activity has risen to a level approximately 7% away from the historical peak in September 2024, and has broken through the long-term trend line for the first time since mid-2024, primarily driven by a large number of small transactions rather than traditional economic payment activities. The daily number of Bitcoin transactions in 2026 has exceeded 800,000, more than doubling from the low point in 2025, approaching the cycle peak from 2023 to 2025.CryptoQuant believes that this growth has structural characteristics rather than being a short-term fluctuation. Among these, small transactions below 0.01 BTC now account for about 80%, significantly higher than about 44% in 2023. This change is closely related to the usage of OP_RETURN, which is near historical highs. CryptoQuant points out that protocols such as Runes, Ordinals, BRC-20, and data timestamp services generate a large number of low-value transactions by writing data to the blockchain, with some transaction amounts as low as 546 satoshis.As inscription activities increase, the number of transactions in the Bitcoin mempool has risen to about 128,000, the highest level since February 2025. Although still below the extreme congestion levels of September 2023 and November 2024, the report suggests that non-financial use transactions are occupying an increasing amount of Bitcoin network throughput, and if this trend continues, it may drive up transaction fees for time-sensitive economic transactions.Meanwhile, the rise in on-chain activity contrasts with the flow of funds. There has been a net outflow of over $528 million from Bitcoin and Ethereum spot funds; however, institutional investors still view ETF fund flows as the core driving force of this cycle and maintain the benchmark expectation that Bitcoin will reach $150,000 by the end of the year.
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