Europol announced the successful disruption of the SocksEscort proxy network, which infected over 369,000 routers and IoT devices across 163 countries, facilitating more than 35,000 proxies for illegal activities.
The operation led to significant financial repercussions, with individual and organizational losses exceeding 1 million USD, as the service enabled cybercrimes including account takeovers in the crypto sector.
Nvidia and Palantir Technologies are working together to create a new AI operating system, representing a pivotal moment in the advancement of artificial intelligence.
A potential crisis in the private credit sector risks increasing Bitcoin price suppression due to liquidity concerns. With the sector’s growth leading to defaults and limited oversight, experts indicate that withdrawals may force investors to sell BTC first.
Historical data indicates that Fed interventions often result in Bitcoin price rallies, suggesting that even if there is an initial downturn, BTC may rebound positively after policy shifts.
Ethena is proposing to replace its fixed 7-day sUSDe unstaking delay with a dynamic cooldown mechanism. The protocol argues the change is justified as perpetual futures positions have shrunk to just 11% of USDe’s backing, meaning the current unstaking period no longer aligns with actual liquidity available to process redemptions.
DEGO trading volume is $23.88m. Market capitalization reaches $17.89m.
News coverage of meme coins has surged to 4 articles in the last 24 hours, doubling from 2 articles in the previous 24-hour period. Recent headlines highlight Pump.fun reaching a $1 billion milestone as a Solana-based token launch platform, but the momentum is tempered by a security incident where hackers hijacked the Bonk.fun domain to deploy a wallet-draining phishing attack. The spike in coverage reflects both growing adoption and emerging risks in the meme coin ecosystem.
Bitcoin, Pi Network, Hyperliquid, Bittensor, and Pudgy Penguins have sustained high visibility on CoinGecko’s trending rankings over the past 24 hours. Bitcoin ranks first, followed by Hyperliquid at rank 15 and Bittensor at rank 43. Consistent trending activity suggests heightened market interest and potential momentum shifts in these assets.
The U.S. Senate has passed a bipartisan housing bill that includes a provision banning the Federal Reserve from issuing central bank digital currencies (CBDCs). The measure was added to unrelated legislation and now faces potential challenges in the House of Representatives. The CBDC ban’s inclusion signals ongoing Congressional skepticism toward digital currency initiatives from the nation’s central bank.
According to CoinAnk data on March 12, the cryptocurrency futures market saw a liquidation totaling 137 million USD in just 24 hours. This comprised 69.52 million USD from long positions and 67.52 million USD from short positions, with BTC and ETH accounting for substantial losses.