1. Bybit Hack Incident Sparks THORChain Money Laundering Allegations; Developer Pluto Announces Departure link

In the recent theft incident of Bybit, hackers laundered money by exchanging ETH for BTC through THORChain, bringing huge trading volume and fees to THORChain. TCB said that he is one of the three validators who voted to stop the THORChain ETH trading and has been looking for ways to prevent the Bybit hackers from laundering money. Pluto, the lead developer of THORChain, announced his departure. TCB said that when the vast majority of your cash flow comes from theft in North Korea and is used in the largest money heist in human history, it becomes a national security issue and is no longer a game.

2. Vitalik Considers Migrating Ethereum to Poseidon Hash for Enhanced zk-Prover Compatibility link

Ethereum co-founder Vitalik Buterin tweeted that researchers are strongly encouraged to participate in the Poseidon cryptanalysis program. He said that Ethereum is seriously considering migrating to the Poseidon hash to optimize the zk-prover friendliness, so having more information about its security properties is of great value. The application deadline for the Poseidon grant program has been extended to March 15, 2025.

3. Babylon Foundation Opens Airdrop Registration link

The Babylon Foundation has announced the launch of the airdrop registration page, which will conclude on March 15th. The groups eligible for this airdrop primarily consist of the stakers in the first phase, the final finality providers in the first phase, as well as the contributors to the eligible GitHub repositories.

4. Arbitrum DAO Proposal to Invest 7,500 ETH in Non-Native Projects Sparks Community Debate link

Recently, the Growth Management Committee (GMC) of the Arbitrum DAO proposed investing 7,500 ETH in three non-Arbitrum native protocols, namely Lido, Aave, and Fluid, which has sparked intense controversy within the community. The specific investment plan involves investing 5,000 ETH in Lido to obtain wstETH, and then depositing it into Aave V3, with an expected annualized yield of 4.54%. Additionally, 2,500 ETH will be invested in the Fluid lending platform, with an expected yield of 1–2%. Many DAO representatives have criticized this proposal for overlooking the native projects within the Arbitrum ecosystem and have suggested allocating at least 10% of the funds to native protocols.

5. Base Introduces Three Building Blocks, Including Flashblocks link

Base has introduced three building blocks, namely Flashblocks, Base Appchains, and Smart Wallet Sub Accounts, with the aim of enhancing the efficiency and user experience of on-chain applications. The Flashblocks technology accelerates block confirmation by shortening the effective block time. It has already been launched on the Base Sepolia testnet and is expected to be rolled out on the mainnet in the second quarter of 2025. Base Appchains are L3 chains based on Base, supported by the op-enclave framework, and they assist applications in scaling through dedicated block space. Smart Wallet Sub Accounts simplify the user experience, reduce wallet pop-ups, enhance security, and eliminate the need for manual management of accounts on different chains. This feature has been launched on the Base testnet and is scheduled to be available on the mainnet in the second quarter of 2025.

6. Starknet Launches First Appchain, Nums, Built on SN Stack Technology link

The Ethereum Layer-2 network Starknet has introduced its first application chain Nums that settles on the network. Nums is an on-chain game based on Starknet technology, where players can earn NUMS tokens by arranging generated numbers. The game utilizes Starknet’s SN Stack development kit to assist developers in building three-layer blockchains based on Starknet technology.

7. Berachain Foundation Announces Official Start of Governance Phase One link

The Berachain Foundation of the Layer1 blockchain has announced the official launch of the first phase of governance. It allows project parties to submit proposals for liquidity incentives (RFRV) for either BEX or non-BEX/general smart contract pools. Community members can provide feedback on these proposals through a dedicated section. Proposals that pass the review will be included in the BGT token emission allocation pool, and its liquidity proof mechanism will enter the full deployment stage. The official statement indicates that subsequent progress will be disclosed during the Berapalooza event.

8. Infini Platform Suffers Hack, Losing Approximately $49.5 Million link

The hacker of Infini stole funds from its Vault and related strategies with a single private key, carrying out two thefts: 11,455,666 USDC and 38,060,996 USDC. The cause of the theft was attributed to the leakage of the private key and excessive permissions. Christian, the founder of Infini, tweeted that 70% of the $50 million stolen belonged to wealthy friends he knew. He has already contacted them one by one and will personally bear the possible losses. The remaining funds will be reinvested into the Infini vault before next Monday.

9. MetaMask Unveils New Roadmap: Smart Contract Accounts, Batch Transactions, and More link

MetaMask has released a brand-new development roadmap, with a primary focus on optimizing the user experience. It plans to introduce Smart Contract Accounts (CA), the ERC-5792 batch transaction functionality, and add support for Bitcoin and SOL within its wallet. Additionally, the MetaMask team stated that its MetaMask debit card will commence availability for sale in some states of the United States in the middle of March. This card has already undergone a pilot program for users in the United Kingdom and the European Union.

10. Binance Announces Launch of 10th Project on HODLer Airdrop Page — MyShell (SHELL) link

Binance has announced the launch of the 10th project on its HODLer airdrop page — MyShell (SHELL). Users who subscribe to BNB Simple Earn (flexible and/or locked) and/or on-chain earn products during the period from 00:00 (UTC) on February 14, 2025, to 23:59 (UTC) on February 18, 2025, will be eligible for the airdrop. In addition, Binance will list SHELL at 13:00 (UTC) on February 27, 2025, and will open trading for pairs against BTC, USDT, USDC, BNB, FDUSD, and TRY. The Seed tag will be applied to SHELL.

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