Golden Morning News | Hackers return most of 1inch funds US cryptocurrency holdings will be audited

Headlines

▌Most of the funds have been returned after 1inch was hacked, and the two parties reached a vulnerability bounty agreement

According to the post-event report of Decurity, after 1inch negotiated with the hacker, most of the $5 million funds stolen by the attack have been returned, and the hacker retained part of it as a vulnerability bounty. The attack originated from a vulnerability in the Fusion v1 smart contract. The main impact was the use of outdated versions of the parser, and the funds of ordinary users were not affected. According to previous reports by Odaily, 1inch discovered a vulnerability in the Fusion v1 smart contract on March 5, and hackers used it to steal funds. 1inch has called on relevant parsers to immediately audit and update the contract to prevent similar incidents from happening again.

▌David Sacks: U.S. cryptocurrency holdings will be audited

Cryptocurrency Tsar David Sacks said that U.S. cryptocurrency holdings will be audited "to find out what digital assets we actually own."

Trending the press, according to Coingecko data, BTC's latest transaction price is 86,201.61 US dollars, with an intraday increase of 0.7%;

ETH's latest transaction price is 2,198.16 US dollars, with an intraday increase of 3.5%;

BNB's latest transaction price is 590.77 US dollars, with an intraday increase of 0.2%;

left;">SOL's latest transaction price is US$137.78, with an intraday increase of -0.4%;

DOGE's latest transaction price is US$0.1926, with an intraday increase of -2.0%;

XPR's latest transaction price is US$2.34, with an intraday increase of -0.8%.

▌Texas created the Bitcoin Reserve Fund, the first state-owned crypto fund in US history

The Texas Senate passed SB 21, creating the Texas Bitcoin Reserve Fund, the first state-run crypto fund in U.S. history. Lieutenant Gov. Dan Patrick called it a big step forward in line with President Trump’s vision to make the U.S. a global cryptocurrency leader. Texas is leading the process. The reserve will hold BTC and other top cryptocurrencies with a market cap of more than $500 billion. A new advisory committee will oversee its development. It is more than just a move—it is the cryptocurrency that is forming.

▌Michael Saylor shared the “100 trillion” crypto strategy at the White House summit

▌Michael Saylor shared the “100 trillion” cryptocurrency strategy at the White House summit

Seller said that by establishing a clear regulatory framework for digital assets, the United States can release up to $100 trillion in economic value in the next decade. He divided digital assets into four categories: digital tokens, digital securities, digital currencies and digital commodities, and Bitcoin falls into this category. Left;">Seller suggested that by 2035, the United States should obtain 5%-25% of the total supply of Bitcoin, thereby generating $16 to $81 trillion in revenue by 2045.

▌Nexo cooperates with Sphere to change cross-border payments in Latin America

Digital asset platform Nexo announced a strategic partnership with Sphere, a provider of scalable blockchain solutions, to promote the development of the cross-border payment landscape in Latin America. The collaboration aims to provide a fast, low-cost and regulatory-compliant solution. According to Cointelegraph, the collaboration aims to help make international commercial payments more convenient.

U.S. and European authorities seized Garantex's domain name and frozen its $26 million assets

U.S. and European authorities seized Garantex's domain name and frozen its $26 million assets, accusing the Russian-linked cryptocurrency exchange laundered billions of dollars for cybercriminals and sanctioned entities. Two executives, Aleksej Besciokov and Aleksandr Mira Serda, were prosecuted for money laundering conspiracy, Besciokov Also faced with additional sanctions violations. Garantex allegedly handled $96 billion in cryptocurrency transactions, including ransomware and dark web drug sales.

Blockchain app

▌Brazil Postal Service seeks blockchain and artificial intelligence solutions

Empresa Brasileira de Correios e Telégrafos, a Brazilian state-owned postal service company, has launched a pre-select process to recruit companies and experts in the fields of blockchain and artificial intelligence (AI) to develop solutions for its logistics and operational management. The company announced: "We hope to promote a collaborative and dynamic process to find artificial intelligence and blockchain solutions for our business, operational and recruitment challenges."

Cryptocurrency

▌The most loss-making address on Cocoro was cleared and sold 2 hours ago, with a loss of $317,000

According to EmberCN monitoring, the new pet of the Doge prototype Shiba Inu owner, Cocoro, Cocoro, completed a round of ups and downs in 12 hours. An address bought Cocoro near the highest point last night and sold it 2 hours ago, cutting its liquor and selling it, becoming the address that has currently achieved the most loss on Cocoro. The whale spent $534,000 to buy 6.4 million Cocoros last night for an average price of $0.0836, and lost $317,000 (-59%) at $0.0338 2 hours ago.

▌Salvador has purchased more than 13 bitcoins since March 1

Although the International Monetary Fund (IMF) pressures the country's public sector to stop accumulating such decentralized store of value assets, El Salvador has purchased 13 bitcoins since March 1. According to the El Salvador Bitcoin Office, the country's Bitcoin library holds a total of more than 6,105 BTC, worth more than $527 million at current prices.

▌Bitcoin hash price fell from $56.73 last month to $49.81/PH/s

According to Bitcoin.com News, Bitcoin hash value has suffered a heavy blow. - Hash price fell to $49.81/PH/s from $56.73 last month - Miners made a profit of $1.24 billion in February, but the situation was not optimistic in March - mining difficulty will rise by about 1.29% on March 9. Unless BTC prices or fees rise, the future will be very difficultDisaster!

▌The ECB plans to establish a CBDC by October 2025

The ECB plans to establish a CBDC by October 2025.

Important economic dynamics

▌Mark Cuban: Federal spending cuts may trigger an economic downturn

Mark Cuban recently expressed concerns about the outlook for the U.S. economy, warning that the sharp federal spending cuts may have a chain reaction to the overall economy, ultimately leading to an economic recession.

▌Analysts: Trump's reduction in scale may impact the tourism industry, triggering a chain reaction in the economy.

Melius Research analysts pointed out in a report that Trump's push for scale may have a negative impact on the tourism industry and the broader US economy. United Airlines recently said its business has weakened since the November U.S. presidential election. However, analysts also pointed out that airlines are relatively less dependent on their business, accounting for less than 2% of United's revenue, while Delta's about 1%. “The question is whether business weakness will affect other parts of the economy,” the analysts wrote. "It is difficult to judge at the moment, but obviously people are increasingly worried about how this impact is controlled."

▌White House: The United States will become the world's Bitcoin superpower, and the golden age has begun.

BlockBeats News, the official account of the White House of the United States posted a message saying, "The United States will become the world's Bitcoin superpower. The golden age of the United States has begun!" [Original link] farcaster comment

Golden Encyclopedia

▌What is DeFAI

DeFAI combines DeFi's decentralized financial ecosystem with artificial intelligence-driven analysis and automation. DeFAI is still in its early stages, focusing mainly on momentum trading similar to memecoins, so there is still a lot of room for rapid development. DeFAI represents a turning point in the Crypto asset industry.

FreeStatement: As a blockchain information platform, the content of the articles published by Golden Finance is for information reference only and is not used as actual investment advice. Please establish the correct investment philosophy and be sure to improve your risk awareness.