區塊客

Cryptocurrency attacks are rampant, but cases like this one of 'taking big risks for small profits' are indeed rare. Earlier today (13), a hacker exploited a vulnerability in the Hyperbridge cross-chain bridge to mint 1 billion Polkadot (DOT) tokens out of thin air on Ethereum, with a nominal value reaching 1.19 billion USD. However, when he attempted to sell these tokens, he found himself severely lacking in liquidity and ultimately only exchanged them for about 237,000 USD worth of Ether.

It is important to clarify that the target of the hacker attack was the 'cross-chain bridge smart contract', so the native DOT tokens on the Polkadot mainnet were not affected. The root cause of this vulnerability was that the EthereumHost contract of Hyperbridge failed to properly verify the authenticity of the messages before relaying cross-chain messages to the TokenGateway.

Since Bitcoin broke through the 70,000 USD mark last week, the market is once again facing the familiar old problem: profit-taking selling pressure has surged like a tide, becoming the biggest stumbling block to the bulls' counterattack.

According to blockchain analysis firm Glassnode, more than 20,000,000 USD worth of Bitcoin is being sold off every hour:

Whenever the price approaches the range of 70,000 USD to 80,000 USD, it encounters the dual pressures of thin liquidity and profit-taking, causing the rebound momentum to be repeatedly extinguished. The recent surge past 70,000 USD has also been completely consumed by the wave of over 20,000,000 USD being sold off every hour.

Investment bank TD Cowen significantly lowered the target price for Bitcoin investment giant Strategy (stock code: MSTR) from the original $440 to $350, a decrease of 20.5%, but still maintains a 'buy' rating. At the same time, TD Cowen also began tracking 4 smaller cryptocurrency reserve companies, all of which received a 'buy' rating.

Pessimistic about Bitcoin's short-term explosive potential, the Strategy target price was severely downgraded.

TD Cowen analysts Lance Vitanza and Jonathan Navarrete pointed out in their report that the downgrade of the Strategy target price mainly reflects the simultaneous reduction of both 'expected Bitcoin price' and 'valuation multiple of expected earnings from Strategy Bitcoin'.

Once the biggest financier, now he has become the fiercest critic. Justin Sun, the founder of Tron, publicly accused World Liberty Financial (WLFI) of hiding a "blacklist backdoor" in the token's smart contract, which could freeze or even confiscate user assets without notice or reason. In response, WLFI quickly countered, and the two sides erupted in a war of words on social media, even threatening to go to court.

Justin Sun posted on platform X yesterday (12), accusing this DeFi project supported by the Trump family of secretly deploying a "blacklist backdoor function" in the WLFI token's smart contract. He wrote that this function grants the project party the power to "unilaterally freeze, restrict, or even confiscate any token holder's assets without prior notice or any reason, and investors have no channels for complaints."

The Apple App Store, known for its strict review process, has surprisingly become a breeding ground for cryptocurrency scams? Recently, American musician G. Love inadvertently downloaded a counterfeit Ledger application, resulting in nearly 6 bitcoins being hacked away, with losses amounting to $424,000.

Counterfeit App is rampant

Musician G. Love, whose real name is Garrett Dutton, posted on social media platform X on April 11, expressing his sorrow over the financial disaster. At the time, he was preparing to set up his Ledger cold wallet on a brand new Apple computer, so he searched for the companion software 'Ledger Live (which was renamed to Ledger Wallet last October)' on the Mac App Store and downloaded an application that looked almost identical, following the prompts on the interface.

With the breakdown of peace talks between the U.S. and Iran, Trump is considering blocking the Strait of Hormuz and resuming military strikes against Iran, escalating geopolitical tensions. The cryptocurrency market immediately saw a surge in hedging sell pressure, with Bitcoin briefly breaking the $71,000 barrier, wiping out the optimism brought by last week's 'ceasefire expectations'.

According to CoinGecko quotes, Bitcoin has fallen 2.6% in the past 24 hours, reaching $71,093, with a low of $70,617.48 this morning (13); Ethereum also plunged 3.6% to $2,202; Ripple (XRP) fell 2%; Solana (SOL) dropped 3.25%.

Author: Fenrir, Crypto City

Clarification of regulations drives financial giants to pivot, the competition for financial holding company mergers and acquisitions of VASPs officially begins.

As the Financial Supervisory Commission plans to officially implement the Virtual Assets Service Act in 2026, Taiwan's financial sector is experiencing an unprecedented wave of transformation. The acceleration of this specialized law provides a clear compliance path for traditional financial institutions to enter the cryptocurrency market. Observing the current market context, financial holding groups have shifted from merely acting as payment agents to seeking acquisition strategies with dominant power.

Fubon Group has demonstrated exceptional strategic foresight by establishing Fusheng Digital (TWEX Taiwan's Major Virtual Asset Exchange) through its subsidiary Taiwan Mobile (3045), with the platform set to officially launch in May 2025. This year, Mastercard signed a memorandum of understanding with Fusheng Digital to fully advance on-chain transfers and cryptocurrency payment applications, becoming the most deeply entrenched financial holding power in Taiwan. This model, combining the telecommunications giant with financial resources, shows traditional enterprises' strong desire for a foothold in the digital asset landscape.

Author: Jae, PANews

Compared to the external pressures of the bear market, Aave faced an internal 'black swan' first.

Aave, which has long dominated the lending protocol throne, is experiencing the most severe ecological turbulence since its inception. There are no hacker attacks, no code vulnerabilities, only power loss of control and conflicting interests.

From the resolute departure of technical pillar BGD Labs, to the public breakup of governance pioneer ACI (Aave Chan Initiative), and then to the official announcement of severing ties by risk management steward Chaos Labs, a 'mass withdrawal' of service providers is unfolding.

The depth of this game far exceeds that of the cooperation dispute; it triggered the ultimate paradox of DAO (Decentralized Autonomous Organization): the conflict between the founder's will and decentralized governance, the contradiction between long-termism in agreements and short-term capital profit-seeking, as well as the balance between decentralized faith and centralized efficiency in blue-chip agreements during the stage of scalable expansion.

Author: Nancy, PANews

The true identity of Satoshi Nakamoto remains a mystery that has persisted for 17 years in the crypto world. Speculation surrounding this pseudonym has never ceased, with various candidates from cryptographers to company founders making appearances, yet there has always been a lack of definitive evidence.

Recently, the (New York Times) published a ten-thousand-word investigation, conducting multiple comparisons based on language style, technical pathways, and historical context, naming Blockstream CEO Adam Back as the most likely candidate for Satoshi Nakamoto. However, this claim was quickly denied by the individual himself, and the related arguments have been widely questioned within the industry for their validity.

Author: Crypto City

This article was updated on 2026/4/8 to reflect the version approved by the Executive Yuan.

The draft of the Virtual Asset Service Act has passed the Executive Yuan, a summary for the lazy to read.

Taiwan's cryptocurrency industry has finally welcomed a clear regulatory era! Following the Financial Supervisory Commission's preliminary draft released last year, the Executive Yuan has passed the revised draft of the (Virtual Asset Service Act) in early April this year, which will be sent to the Legislative Yuan for deliberation. The goal is to improve the development and management of Taiwan's virtual asset business, protect the rights and interests of traders, and promote financial technology innovation.

Compared to the version from 2025, the version approved by the Executive Yuan is stricter in terms of penalties and management! (Crypto City) After reading the complicated regulations, four key points have been summarized to help readers quickly understand. If you want to know the latest complete draft content, you can check this (Virtual Asset Service Act) PDF file.

Author: Max, Crypto City

The Treasury collaborates with two major departments to implement regulation, officially listing stablecoin issuers as financial institutions.

On April 8, the U.S. Treasury took a critical regulatory step. Its Financial Crimes Enforcement Network (FinCEN) and the Office of Foreign Assets Control (OFAC) jointly issued a proposed rule aimed at fully implementing the (GENIUS Act) passed in July 2025.

The core of this regulatory framework is to define 'Permitted Payment Stablecoin Issuers' (PPSIs) as 'financial institutions' under the Bank Secrecy Act (BSA). U.S. Treasury Secretary Scott Bessent stated in a declaration that the primary goal of this proposal is to protect the U.S. financial system from national security threats while ensuring that U.S. companies can maintain competitiveness in the payment stablecoin ecosystem.

Author: Ariel, Crypto City

Self-proclaimed accountant rumors: Special law passed, USDT will be banned

Yesterday (4/8), an anonymous netizen claiming to have a CPA accountant license appeared on Threads, making sensational remarks regarding the recent passage of the (Virtual Asset Service Act draft) by the Executive Yuan.

The netizen claimed that Article 34 and Article 35 of the new law explicitly state that stablecoins must be approved by the competent authority and discussed with the central bank, and asserted that the conservative central bank will never allow Tether ($USDT) to circulate legally in Taiwan. Once the regulations are implemented, all legitimate exchanges in Taiwan will be completely prohibited from providing trading services, and $USDT will soon become an unqualified black market currency. Currently, the post has already received 20,000 views.

The Hong Kong Monetary Authority today (10th) announced the first batch of "stablecoin issuer licenses". After fierce competition among 36 applicants, only 2 companies were awarded licenses, namely "HSBC" and "Anchorpoint Financial", which was established by Standard Chartered.

The Monetary Authority stated that the stablecoin issuer licenses are effective immediately. Based on the licensees' business plans, it is expected that they will commence operations in the coming months after completing the relevant preparatory work.

The Chief Executive of the Monetary Authority, Eddie Yue, stated that the stablecoin issuer licenses are an important milestone in the development of digital assets in Hong Kong. The regulatory framework provides an orderly operating environment, allowing stablecoin issuers to innovate with technology while properly safeguarding user interests and controlling related risks, ensuring that Hong Kong's stablecoin ecosystem develops healthily, responsibly, and sustainably. He said:

The Japanese government held a cabinet meeting today (10) and officially passed the amendment to the Financial Instruments and Exchange Act, classifying cryptocurrency for the first time as a 'financial product' for regulation, explicitly prohibiting insider trading based on non-public information, and requiring cryptocurrency issuers to disclose information annually to create a healthier market environment.

According to a report by the Nikkei, if the amendment is smoothly passed in this session of the National Assembly, it is expected to be officially implemented as early as the 2027 fiscal year.

In the past, the Financial Services Agency (FSA) of Japan has regarded cryptocurrency as a 'means of payment' and regulated it based on the Payment Services Act. However, as the investment aspect of cryptocurrencies becomes increasingly prominent, the authorities have decided to include it under the regulatory scope of the Financial Instruments and Exchange Act, and the name of registered operators will change from the current 'cryptocurrency exchange operators' to 'cryptocurrency trading operators'.

After a prolonged slump, the cryptocurrency market has finally welcomed a glimmer of hope. Data shows that investors are making significant adjustments to their positions, gearing up for the potential market movement of 'Bitcoin breaking through the 80,000 USD barrier'.

According to data from Deribit, the world's largest cryptocurrency options exchange, the most favored 'darling' among traders is no longer the previously sought '60,000 USD put option', which was used for hedging, but instead is the '80,000 USD call option' betting on Bitcoin soaring.

Cryptocurrency exchange Binance announced that its 'Binance Wallet' has officially introduced prediction market features, allowing users to place bets directly on the outcomes of various real-world events without switching programs.

Binance pointed out that this new feature brings prediction market trading into the Binance wallet ecosystem through the integration of Predict.fun. Predict.fun is a decentralized platform founded by former Binance employees, based on the Binance Smart Chain (BSC), which allows users to create prediction positions and still earn profits during the holding period. However, this service is currently not fully available in all regions where Binance operates.

Bitmine Immersion Technologies (BMNR) officially completed its uplist on Thursday, advancing from the NYSE American to the NYSE main board for trading.

Tom Lee, chairman of Bitmine and a well-known Wall Street analyst, co-founder of Fundstrat, stated in a statement: "Today, Bitmine's listing on the NYSE main board is a significant milestone in the company's development history. The NYSE is the most prestigious and historically significant exchange in the world."

In addition to completing the uplist, Bitmine simultaneously launched the "protective measure", announcing an increase in the authorized amount for its stock repurchase (treasury stock) program from $1 billion to $4 billion, making it one of the largest repurchase cases in the U.S. capital market this year.

CryptoQuant, an on-chain data analytics firm, points out that the recent price rebound in Bitcoin and Ethereum was not driven by short covering, but rather by new long positions in the derivatives market. In other words, traders are actively betting on the continuation of the trend, rather than being passively squeezed out.

Since the two-week ceasefire agreement reached between the US and Iran, market risk sentiment has rebounded rapidly. In the 24 hours following the announcement, Bitcoin rose approximately 4% and Ethereum rose approximately 6%, not only reversing their previous slump but also marking their strongest single-day performance in over a month. Julio Moreno, Head of Research at CryptoQuant, stated in a report on Thursday that this surge was primarily driven by perpetual futures traders.

Author: HIBIKI, Encrypted City

Meta Bets Big on AI: Zuckerberg is Using Claude Code to Write Programs

Tech giant Meta, which owns social platforms such as Facebook, Instagram, and Threads, is currently fully investing its company resources into the field of generative AI.

Meta CEO Mark Zuckerberg has started personally using the AI programming tool Claude Code to write code, breaking his record of not participating in direct development for many years.

Foreign media also reported that a competition to consume Tokens has recently erupted within Meta, with many engineers boosting their personal performance indicators (KPIs) by consuming large amounts of Tokens.

Author: Kurumi, Encrypted City

Airdrop period experienced a sudden failure, prices and balances displayed abnormally

The popular Solana ecosystem wallet Phantom experienced a service interruption on Monday evening, resulting in abnormal displays of multiple token prices and account balances within the platform. This failure occurred during a popular airdrop event, where trading demand surged significantly, causing the issue to escalate quickly.

The official stated that this abnormality mainly affects front-end data updates, causing users to be unable to view the correct asset values in real-time, even leading to displays of price crashes or assets showing zero. Although Phantom emphasized that 'user asset safety is not affected', the erroneous information has caused substantial disruption to market behavior.