Industry News

Tracks company news, strategic changes, funding activities, and personnel adjustments across the blockchain and crypto industries, delivering a full-spectrum industry overview for our users.

These Days, Even Hackers Are Losing Money

An article titled "Even Hackers Are Losing Money These Days" details a cyber heist targeting Web3 social platform UXLink’s multi-signature wallet in September 2025. The attacker exploited a delegateCall vulnerability, bypassing security to steal over $11.3 million in assets, including stablecoins, ETH, WBTC, and UXLINK tokens. The hacker then dumped a large amount of UXLINK, causing its price to crash over 70%. Unlike typical hackers who launder funds through mixers like Tornado Cash, this attacker engaged in active on-chain trading, executing 625 transactions on CoW Swap over six months. However, poor trading decisions led to significant losses—at one point, the address was down nearly $4.8 million. The hacker repeatedly bought high and sold low, barely breaking even after six months of activity. Despite the traceability of the funds via platforms like Arkham, recovering the assets remains challenging for UXLink. The project has attempted to rebuild, but its token price has fallen 99% from its peak. The incident underscores that while technical skills enable theft, market volatility affects everyone equally—even hackers aren’t immune to losses.

marsbit03/25 05:25

These Days, Even Hackers Are Losing Money

marsbit03/25 05:25

NYSE picks Securitize as tokenized stocks near $1B milestone – Details

The New York Stock Exchange (NYSE) has selected Securitize as the digital transfer agent for its upcoming tokenized securities platform, marking a significant step in bringing traditional markets on-chain. This partnership aims to develop the operational and regulatory framework for issuing, tracking, and transferring blockchain-based versions of stocks and ETFs. The initiative is part of the Intercontinental Exchange’s broader plans for a Digital Trading Platform, which will feature 24/7 access, near-instant settlement, and support for both tokenized existing equities and digital-native securities while retaining shareholder rights and dividend structures. The announcement comes as the total value of tokenized stocks approaches $1 billion, with a 19% increase in the last 30 days and monthly transfer volumes reaching $2.5 billion—a 45% rise. Active addresses have grown to over 75,000, with nearly 193,000 holders, indicating steady user growth and market momentum since early 2025.

ambcrypto03/25 05:22

NYSE picks Securitize as tokenized stocks near $1B milestone – Details

ambcrypto03/25 05:22

BlackRock, Apollo, Citadel Enter the Market in the Same Week, Investing Real Money in DeFi Governance Tokens

In February 2026, major financial institutions including BlackRock, Apollo, and Citadel made significant moves into DeFi by directly purchasing governance tokens and integrating their products with decentralized infrastructure. Citadel invested in LayerZero’s ZRO token, BlackRock listed its $2.5B BUIDL fund on UniswapX and acquired UNI tokens, and Apollo committed to acquiring up to 9% of Morpho’s token supply over four years. These actions mark a shift from exploratory partnerships to tangible on-chain engagement, emphasizing economic alignment through token ownership and the use of live, revenue-generating DeFi protocols. The trend reflects growing institutional confidence in public, permissionless DeFi infrastructure, driven by proven scalability and network effects. Regulatory developments, such as the potential passage of the CLARITY Act, could further accelerate this institutional adoption of DeFi.

marsbit03/25 05:11

BlackRock, Apollo, Citadel Enter the Market in the Same Week, Investing Real Money in DeFi Governance Tokens

marsbit03/25 05:11

Arm Steps Into Chip Manufacturing Itself | Rewire Morning News

Arm, after 35 years of only licensing its architecture, has begun manufacturing its own data center CPU, the 136-core Neoverse V3, with Meta as its first major client. This strategic shift aims to capture a larger market share and achieve significant revenue growth. In a separate legal battle, Anthropic is challenging the Pentagon's decision to ban federal agencies from using its AI, a move the presiding judge called "disturbing." Conversely, Palantir's military AI platform received a massive $13.4 billion funding commitment from the Pentagon, highlighting a stark divergence in the U.S. government's approach to AI militarization. Four tech billionaires presented conflicting visions on AI's impact. Perplexity's CEO and Palantir's CEO suggested AI-induced job loss is beneficial, while an OpenAI investor predicted 80% of jobs could be replaced by 2030. In contrast, BlackRock's CEO warned the greater threat is AI exacerbating wealth concentration. Circle's stock plummeted 18% due to proposed legislation threatening its business model, while Tether announced its first full audit by a Big Four firm, signaling a push for legitimacy amidst tightening regulations. OpenAI shut down its Sora video app, leading Disney to withdraw a $1 billion investment. An investor filing also revealed OpenAI now lists its major shareholder, Microsoft, as a top risk factor, indicating a strategic cleanup ahead of a potential IPO. Other notable news includes SK Hynix's record $8 billion order for EUV machines from ASML, Huawei's launch of a new AI accelerator, and Broadcom's warning that TSMC's production capacity is a major bottleneck for AI chips.

marsbit03/25 04:31

Arm Steps Into Chip Manufacturing Itself | Rewire Morning News

marsbit03/25 04:31

Stablecoin evolution: Why Deloitte and NovaBay are betting on Stablecorp’s QCAD

NovaBay Pharmaceuticals is rebranding to Stablecoin Development Corporation (SDEV) in April 2026, shifting entirely from biotech to crypto, backed by $134M from investors like Tether. Concurrently, Deloitte Canada has partnered with Stablecorp to integrate the QCAD stablecoin into regulated financial systems, aiming to improve payment efficiency and compliance. This reflects a broader trend of stablecoins becoming mainstream financial infrastructure, evidenced by $69.9 trillion in total transactions. Regulatory developments like the GENIUS and CLARITY Acts are providing clarity and boosting institutional confidence, transforming the sector into a more structured, $300 billion industry.

ambcrypto03/25 02:32

Stablecoin evolution: Why Deloitte and NovaBay are betting on Stablecorp’s QCAD

ambcrypto03/25 02:32

Token Is Completely on Fire, Blockchain Is Heartbroken

Token, a term once central to blockchain's vision of decentralization and economic transformation, has now been popularized by the AI industry as a unit of computation and billing. With the rise of products like OpenAI's ChatGPT and Deepseek, Token has become widely recognized as a measure of API calls and computational power—essentially a "currency for compute." This shift has left the blockchain sector in an ironic position: while it long struggled to explain Token's potential for revolutionizing ownership and community governance, AI has repurposed the term into a practical, everyday concept devoid of cryptographic complexity. The blockchain community once championed "Tokenization of Everything," aiming to convert real-world assets and labor into tradable tokens. Instead, AI achieved a form of tokenization by breaking down text, audio, and video into Tokens for processing—without requiring users to manage private keys or understand consensus mechanisms. This practical adoption contrasts sharply with blockchain’s association with speculation and scandals, as seen in the rise and fall of NFTs and memecoins. Amid a broader crisis of faith in blockchain’s promise—with many innovators expressing disillusionment over the industry’s shift toward speculation—AI’s rapid growth has intensified this sense of irrelevance. However, there are positive signs: traditional assets like U.S. Treasuries and stocks are increasingly being tokenized, attracting major financial institutions like BlackRock and Fidelity. This may signal Token’s return to its original purpose as a vehicle of value, even as AI dominates its popular meaning.

marsbit03/25 02:14

Token Is Completely on Fire, Blockchain Is Heartbroken

marsbit03/25 02:14

Crypto Morning Brief: SpaceX Plans to File IPO Application as Early as This Week, Tether Launches First Full Audit

Crypto Morning Brief: SpaceX is reportedly planning to file for an IPO as early as this week, while Tether has announced its first full audit conducted by a Big Four accounting firm. In regulatory news, China has issued new rules prohibiting state-owned enterprise leaders from accepting "virtual currencies," and the U.S. Department of Justice admitted it lacks evidence in an investigation involving the Federal Reserve Chair. In market developments, Bitlayer ($BTR) plummeted 80%, potentially due to concentrated selling on Bithumb. Meanwhile, Backpack addressed user concerns over its Sybil account detection by launching an appeal channel and a token buyback compensation plan. Resolv Labs offered a white-hat deal to an attacker, proposing to let them keep 10% of exploited funds if 90% is returned. The Ethereum Foundation reframed the role of L2s from scaling tools to providers of customized services, emphasizing a synergistic relationship with L1. Circle froze USDC in 16 business wallets linked to an undisclosed U.S. civil case, raising concerns about operational impacts. Other notable updates include Robinhood's approval of a $1.5 billion stock buyback and ongoing geopolitical contacts between the U.S. and Iran.

marsbit03/25 01:19

Crypto Morning Brief: SpaceX Plans to File IPO Application as Early as This Week, Tether Launches First Full Audit

marsbit03/25 01:19

Amid the AI Layoff Wave, OpenAI Opens "Iron Rice Bowl" for Salespeople

Amid widespread AI-driven layoffs across the tech industry—with companies like Block, Pinterest, and Dow Chemical cutting thousands of jobs—OpenAI is expanding its workforce by hiring 3,500 new employees, primarily in sales, partnership management, and technical ambassador roles. While AI is replacing standardized, task-based jobs (e.g., coding, customer service), OpenAI’s recruitment focuses on roles that require human interaction: convincing enterprise clients to adopt AI, integrating systems, and providing tailored solutions. Despite ChatGPT’s massive user base, monetization remains challenging, with significant losses per user. Enterprise clients, crucial for profitability, are increasingly choosing competitors like Anthropic’s Claude. OpenAI’s shift reflects a broader trend: AI excels at clearly defined tasks but struggles with ambiguous, relationship-driven work like sales and customization. The company is even exploring partnerships with private equity firms to support AI implementation. The key differentiator between replaced and valued roles is whether the job can be easily described—if so, it’s vulnerable to AI automation. Roles requiring nuanced, human-driven problem-solving remain in demand.

比推03/24 13:37

Amid the AI Layoff Wave, OpenAI Opens "Iron Rice Bowl" for Salespeople

比推03/24 13:37

Besides the Resolv Hack, This Type of DeFi Vulnerability Has Occurred Four Times Already

An attacker exploited a compromised off-chain signing key in the stablecoin protocol Resolv, minting 80 million USR tokens (pegged to USD) from a $100k–$200k USDC deposit within minutes. The stolen keys allowed unlimited minting due to a design flaw—lacking a minting cap—despite multiple audits. The attacker then converted USR to its wrapped version (wstUSR) and dumped it on DEXs, netting ~11,400 ETH (~$24M). This caused USR to depeg, trading at ~$0.25. The depeg triggered a second-phase crisis: lending markets (including Morpho and Fluid/Instadapp) using wstUSR as collateral relied on hardcoded oracles that priced it near $1 instead of its real market value. Arbitrageurs bought cheap wstUSR, used it as overvalued collateral to borrow stablecoins, and amplified losses. Fluid absorbed over $10M in bad debt; Morpho had 15 vaults exposed. This incident repeats a known DeFi pattern: similar oracle failures occurred with Usual Protocol (Jan 2025), Stream Finance (Nov 2025), and Moonwell (late 2025), where mispriced collateral led to massive bad debt. Critics highlight flawed incentives in the "curator" model (e.g., Gauntlet), where third-party vault managers prioritize high yields without adequate risk controls, and protocols outsource risk management without enforcing safeguards. The root cause is systemic: over-reliance on static oracles for volatile assets and insecure off-chain infrastructure.

marsbit03/24 12:10

Besides the Resolv Hack, This Type of DeFi Vulnerability Has Occurred Four Times Already

marsbit03/24 12:10

Only Two Ways to Survive in the Software Industry: AI Growth or High Profitability

The software industry faces a binary future: companies must either achieve >10% revenue growth through truly AI-native products or deliver >40% true operating margins (including stock-based compensation) within 12-18 months. The comfortable middle ground—modest growth with diluted equity—is unsustainable. Path 1 requires radical reorganization: identify top performers, restructure leadership, and allocate 50% of R&D to new AI products built with small, token-driven teams. Success depends on creating dynamic context layers, adopting usage-based pricing, and eliminating organizational barriers weekly. Path 2 demands extreme profitability through flattened hierarchies, minimized customization, price increases where defensible, and treating all equity as real expense. AI should drive engineer productivity gains, but this path involves significant layoffs and honest assessment of eroding competitive moats. Companies must choose decisively or face continued valuation pressure. The era of intermediate outcomes is over.

比推03/24 08:40