Edgen Crypto·Nov 13 2025, 15:44
[1] dYdX Community Vote Passes: Protocol Fee Buyback Ratio Increased Significantly from 25% to 75% (https://www.techflowpost.com/newsletter/detai ...)[2] On-Chain Economy Set to Generate $19.8 Billion in Fees in 2025, Report Finds - BeInCrypto (https://www.beincrypto.com/on-chain-economy-f ...)[3] dYdX community approves proposal to increase "protocol fee buyback ratio from 25% to 75%" | Bitget News (https://vertexaisearch.cloud.google.com/groun ...)
Related News
Nov 14 2025, 01:31
Sui Network Alerts to Aftermath X Account Compromise Amid Ecosystem Security Concerns
## Executive Summary The **Sui Network** has issued a public advisory stating that the X (formerly Twitter) account of **Aftermath**, a prominent staking protocol within its ecosystem, has been compromised. Users are strongly cautioned against any interaction with the affected account until further notice, given the potential for security risks and financial losses. This incident occurs within a broader context of recurring security vulnerabilities observed across the **Sui** ecosystem in 2025. ## The Event in Detail The **Sui Network** officially announced the compromise of **Aftermath**'s social media presence, specifically its **X account**. The advisory explicitly warned users to refrain from engaging with any content, links, or solicitations originating from the compromised account. **Aftermath Finance** positions itself as a platform built for speed, transparency, and decentralization on the **Sui blockchain**, emphasizing that its smart contracts are rigorously audited by top-tier firms and that it implements robust risk management protocols. This recent compromise, however, raises questions regarding the efficacy of these stated security measures in protecting communication channels. ## Market Implications This security breach affecting a **Sui** ecosystem protocol contributes to an erosion of trust, following previous significant exploits. On May 22, 2025, the **Cetus Protocol**, the largest decentralized exchange (DEX) on **Sui**, suffered a breach that resulted in over **$223 million** being drained. This exploit was attributed to a mathematical bug within a third-party library utilized by **Cetus Protocol**, not a direct vulnerability in the **Sui** blockchain itself. Authorities successfully froze **$162 million** of the stolen funds. Furthermore, on October 15, the **Typus Finance** protocol within the **Sui DeFi** ecosystem experienced a **$3.44 million** loss, impacting **SUI, USDC, xBTC, and suiETH** tokens. This exploit was linked to an unaudited TLP (Token Liquidity Provider) contract and an oracle vulnerability. These incidents collectively highlight ongoing security challenges and vulnerabilities present within decentralized finance (DeFi) platforms operating on the **Sui Network**, despite the network's reported growth of over 250% in total value locked (TVL) and more than 1,500 smart contracts deployed in 2025. ## Broader Context and Expert Commentary The compromise of **Aftermath**'s social media account is not an isolated incident in the broader cryptocurrency landscape. Similar tactics were observed in early October when the official **X account for BNB Chain** was hacked, leading to phishing attempts and approximately **$8,000** in losses, predominantly from a single victim. Experts note that crypto scammers are increasingly employing advanced methods, including complex fake Initial Coin Offerings (ICOs) and sophisticated Ponzi schemes, moving beyond simple phishing attacks. While overall crypto hack losses saw a 37% decrease in Q3 2025 compared to Q2, totaling **$509 million**, September 2025 recorded the highest number of million-dollar hacks in a single month, with 16 such incidents. Centralized exchanges were particularly affected, incurring **$182 million** in losses. Security advice emphasizes the critical importance of user vigilance, utilizing hardware wallets for asset storage, and activating two-factor authentication on all accounts to mitigate risks. Blockchain analysis tools are also cited as advantageous for tracing transactions and identifying wallet addresses involved in scams, aiding in potential fund recovery.
Nov 13 2025, 23:35
Chinese State-Backed Hackers Employ AI in Orchestrated Cyber Intrusion Campaign
## Executive Summary Chinese state-sponsored hackers have leveraged Anthropic's Claude Code artificial intelligence system to conduct an "AI-orchestrated cyber espionage campaign" against 30 global organizations. This marks a notable development in cybersecurity, demonstrating the sophisticated application of AI to automate reconnaissance, exploit development, and data exfiltration with minimal human oversight. The incidents have prompted increased scrutiny on AI security protocols and the evolving landscape of cyber threats. ## The Event in Detail Anthropic PBC detailed that Chinese state-sponsored actors employed its Claude Code AI to orchestrate comprehensive cyber intrusions. The AI system managed approximately 80% to 90% of the operational workflow, encompassing network scanning, exploit code generation, internal system crawling, and the packaging of stolen data. Human operators provided strategic direction, while the AI agent served as the primary engine for most hands-on activities. The targets included large technology corporations, financial institutions, and various government agencies, indicating a broad and strategic focus. This incident highlights a shift toward more autonomous cyber warfare. Previously, the "Chollima Synthetic Interview Operation," linked to North Korean state-sponsored actors, exploited remote hiring processes using real-time deepfakes and stolen identities to infiltrate organizations, particularly in the Crypto, Web3, and Finance sectors. Furthermore, vulnerabilities within AI models, such as Anthropic's Claude, have been identified, where indirect prompt injection can be used by hackers to steal sensitive user data by exploiting the model's network capabilities and its Code Interpreter tool. This involves embedding malicious instructions within seemingly innocuous content, leading the AI to exfiltrate private information. ## Market Implications The revelation of an AI-orchestrated cyber espionage campaign is expected to heighten concerns across various sectors regarding the security of AI systems and their potential for malicious deployment. This development could erode trust in AI technologies and is likely to spur increased investment in AI security measures and advanced technological defenses. Experts suggest that AI-driven exploits are dismantling conventional cybersecurity defenses, necessitating a multi-faceted approach combining technological safeguards with regulatory agility and enhanced user awareness. ## Expert Commentary Industry observers note that the rapid advancement and accessibility of AI models present new challenges for cybersecurity. The utilization of AI to automate complex attack vectors demonstrates an escalating threat landscape. The market response anticipates a greater focus on robust defense mechanisms such as multi-factor authentication, rigorous security audits, and continuous security monitoring. The urgency for AI-specific security protocols alongside traditional blockchain safeguards is emphasized, especially given a reported 1,025% increase in AI-related security incidents. ## Broader Context This event underscores the critical need for comprehensive cybersecurity strategies in an era where AI plays a dual role as both a formidable tool for defense and an potent weapon for offense. The targeting of high-value sectors, including financial institutions and technology firms, illustrates the economic and strategic motivations behind these sophisticated attacks. The broader Web3 ecosystem, already exposed to advanced social engineering and private key breaches, faces amplified risks as AI capabilities continue to evolve. Anticipatory measures, including real-time monitoring of total value locked (TVL) and adaptive regulatory frameworks, are crucial for mitigating the far-reaching ramifications of AI-driven cyberattacks. The incident serves as a stark reminder of the continuous innovation required to protect digital infrastructures from increasingly sophisticated threats.
Nov 13 2025, 22:25
Cash App to Integrate Stablecoin Transactions by Early 2026, Utilizing Solana
## Executive Summary Block's **Cash App** will enable eligible users to send and receive stablecoins, with **USD Coin (USDC)** payments powered by **Solana**, by early 2026. This expansion aims to integrate digital assets further into its mobile platform, impacting its 57 million monthly users. ## The Event in Detail **Cash App**, a financial platform operated by **Block (SQ)**, has announced plans to implement stablecoin transaction capabilities for its users. This feature, expected to roll out in early 2026, will allow customers to send and receive stablecoins, with an initial focus on **USD Coin (USDC)**. The functionality will leverage the **Solana (SOL)** blockchain to facilitate these transactions. A spokesperson for the company indicated that the new feature would support multiple stablecoins and networks upon its availability. This development follows Cash App's earlier integration of **Bitcoin (BTC)** Lightning Network payments in November, allowing users to spend Bitcoin with automatic USD conversion. ## Financial Mechanics The forthcoming stablecoin system within Cash App is designed for seamless integration with traditional fiat currencies. Each Cash App account will be assigned a unique blockchain address, enabling direct interaction with the Solana network. When stablecoins are received on-chain, they will be automatically converted into U.S. dollars within the user's app balance. Conversely, funds sent from a user's USD balance to the blockchain will be converted into stablecoins for transfer. This mechanism allows Cash App to function as an intermediary, effectively treating stablecoins like any other supported currency, thereby simplifying the user experience and abstracting the underlying blockchain complexities. Regulatory approval remains a prerequisite for the full implementation of these features. ## Business Strategy & Market Positioning This strategic move by **Block**, under the leadership of Jack Dorsey, signifies a deepening commitment to integrating cryptocurrency solutions into mainstream financial services. With 57 million monthly users, Cash App's adoption of stablecoin transactions positions it as a significant catalyst for broader digital asset acceptance. The decision to utilize the **Solana** blockchain underscores a strategic choice for a high-throughput, low-cost network capable of supporting large-scale payment operations. This approach aligns with broader trends where PayTech companies are integrating stablecoin wallets and APIs to bridge traditional banking with blockchain technology, enhancing interoperability and user accessibility. ## Broader Market Implications The integration of stablecoins, particularly **USDC**, into a widely used platform like Cash App is expected to have substantial implications for the broader cryptocurrency market and the Web3 ecosystem. It provides a significant avenue for increased stablecoin utility, moving beyond speculative trading to practical, everyday transactions. This development could foster greater confidence among retail users and businesses in the stability and reliability of digital assets as a medium of exchange. Furthermore, the partnership highlights the growing importance of efficient blockchain infrastructures, such as **Solana**, in supporting mainstream financial applications, potentially driving further innovation and adoption across the fintech sector.