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06:57
Max Zhou, Business Director at RootData: Transparency is the infrastructure of the new Web3 cycle and is reshaping trust standards in the industry
ChainCatcher reports that at the "Crypto 2026: From Cryptocurrency to Intelligent Economy" themed forum held in Hong Kong, RootData's Head of Business, Max Zhou, delivered a keynote speech titled "Trust as Infrastructure: How Data Transparency is Reshaping the New Web3 Cycle." Max Zhou pointed out that transparency is no longer an "optional bonus," but rather the entry threshold for institutions, regulators, and users. RootData positions itself as a leading Web3 enterprise data platform, quantifying project information completeness and credibility through funding data, relationship mapping of key figures, and the industry's unique "transparency scoring" system. He explained that RootData has documented over 9,600 fundraising events, more than 18,000 key industry figures, and rated over 19,000 projects with a five-tier system from A to F, making it an important reference for institutional due diligence and exchange listing evaluations. The platform has established ecosystem partnerships with over 220 institutions, including certain exchanges. Additionally, RootData has launched a three-dimensional exchange evaluation model (liquidity + asset value + transparency), abandoning the "transaction volume only" standard. Max Zhou emphasized that transparency is becoming the new benchmark in Web3, as indispensable as security audits.
06:42
The cryptocurrency industry has lost over $600 million in April, with KelpDAO and Drift hacks both exceeding $280 million.
BlockBeats News, April 19th. This month has become one of the most devastating months for the cryptocurrency industry in terms of losses due to hacker attacks. Currently, at least 13 crypto protocols and platforms have been attacked to varying degrees, with total losses exceeding $600 million. The Drift and KelpDAO incidents alone accounted for over $280 million in losses, and several major incidents have been traced back to a North Korea-affiliated hacker group. The key events include: On April 1st, Solana's largest decentralized perpetual contract trading platform, Drift Protocol, was hacked for approximately $285 million. The on-chain activity started from March 11th when the attacker withdrew 10 ETH from Tornado Cash and lasted for nearly 3 weeks. The actual exploitation on April 1st took around 12 minutes, with most of the funds cross-chain transferred to Ethereum via Circle CCTP within a few hours. This incident marked the second-largest security event in Solana's history, following only the $326 million Wormhole cross-chain bridge incident in 2022. On April 13th, the blockchain interoperability protocol Hyperbridge was attacked due to a cross-chain proof verification vulnerability, resulting in a loss of approximately $2.5 million. On April 16th, the NEAR ecosystem lending protocol Rhea Finance was attacked, with a total loss of $18.4 million. Also on April 16th, the Russia-related exchange platform Grinex was attacked, resulting in a loss of around $15 million. On April 18th, the Ethereum liquidity rehypothecation protocol Kelp DAO was attacked, with approximately 116,500 rsETH (worth around $292 million, accounting for about 18% of rsETH's circulation) stolen. The attacker used fake cross-chain messages to trick the LayerZero EndpointV2 contract's lzReceive function into releasing the on-bridge reserves. This event has surpassed Drift to become the largest DeFi hack event of 2026.
06:21
DaidaiDaiBit: The crypto market itself is highly volatile and immature; participants should bear the corresponding risks themselves.
Odaily reported that trader 带带带比特 stated that the crypto market itself is characterized by high volatility and immaturity, with manipulation and speculation coexisting for a long time. Participants need to bear the corresponding risks themselves. He pointed out that market funds often switch repeatedly among highly volatile assets. Although some projects are controversial, they continue to receive attention and trading volume. He also believes that regulation and market clearing will affect the market structure, but could also change the current ecosystem landscape.
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