Hackers return most of 1inch funds, US government cryptocurrency to be audited

Headlines

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

According to Decurity's subsequent report, after negotiation with the hacker, 1inch has returned most of the $5 million stolen in the attack, and the hacker has retained a portion as a bug bounty. The attack originated from a vulnerability in the Fusion v1 smart contract. The main affected were parsers using outdated versions, and ordinary user funds were not affected. According to Odaily's previous report, 1inch discovered a vulnerability in the Fusion v1 smart contract on March 5, and hackers used the vulnerability to steal funds. 1inch has called on the relevant parsers to immediately audit and update the contract to prevent similar incidents from happening again.

▌David Sacks: U.S. Government Crypto Holdings to be Audited

Crypto czar David Sacks said the U.S. government's cryptocurrency holdings will be audited "to find out what digital assets we actually own."

Market

As of press time, according to Coingecko data:

BTC's latest transaction price is $86,201.61, with a daily increase or decrease of +0.7%;

ETH's latest transaction price is $2,198.16, with a daily increase or decrease of +3.5%;

BNB's latest transaction price is $590.77, with a daily increase or decrease of -0.2%；

SOL's latest transaction price is 137.78 US dollars, and its intraday increase or decrease is -0.4%；

DOGE's latest transaction price is 0.1926 US dollars, and its intraday increase or decrease is -2.0%；

XPR's latest transaction price is 2.34 US dollars, and its intraday increase or decrease is -0.8%.

Policy

▌Texas Creates Bitcoin Reserve Fund, First State-Run Crypto Fund in U.S. History

The Texas Senate passed SB 21, creating the Texas Bitcoin Reserve Fund - the first state-run crypto fund in U.S. history. Lieutenant Governor Dan Patrick called it a big step forward, in line with President Trump's vision of making the United States a global leader in cryptocurrency. Texas is leading the way. The reserve will hold BTC and other top cryptocurrencies with a market cap threshold of more than $500 billion. A new advisory committee will oversee its development. This is more than just a state initiative - this is national cryptocurrency policy in the making.

▌Michael Saylor shares "$100 trillion" crypto strategy at White House summit

Saylor said that by establishing a clear regulatory framework for digital assets, the United States can unlock up to $100 trillion in economic value in the next decade. He divides digital assets into four categories: digital tokens, digital securities, digital currencies and digital commodities, and Bitcoin belongs to this category. Saylor 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 partners with Sphere to transform cross-border payments in Latin America

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

▌US and European authorities seized Garantex's domain name and froze $26 million in assets

US and European authorities seized Garantex's domain name and froze $26 million in assets, accusing the Russian-linked cryptocurrency exchange of laundering billions of dollars for cybercriminals and sanctioned entities. Two executives, Aleksej Besciokov and Aleksandr Mira Serda, were indicted for money laundering conspiracy, and Besciokov faces additional sanctions violations. Garantex allegedly processed $96 billion worth of cryptocurrency transactions, including ransomware and darknet drug sales.

Blockchain Applications

▌Brazil Postal Service Seeks Blockchain and Artificial Intelligence Solutions

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

Cryptocurrency

▌The address with the most losses on Cocoro sold out 2 hours ago, losing $317,000

According to EmberCN monitoring, the new pet cocoro Meme coin Cocoro of the owner of the Doge prototype Shiba Inu completed a round of ups and downs in 12 hours. A certain address bought Cocoro near the highest point last night and sold it 2 hours ago, becoming the address with the most losses on Cocoro. The whale spent $534,000 to buy 6.4 million Cocoros at an average price of $0.0836 last night, and sold them at $0.0338 2 hours ago, losing $317,000 (-59%).

▌El Salvador has bought more than 13 Bitcoins since March 1

Despite pressure from the International Monetary Fund (IMF) on the country's public sector to stop accumulating this decentralized value storage asset, El Salvador has bought 13 Bitcoins since March 1. According to the El Salvador Bitcoin Office, the country's Bitcoin vault holds 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 from $56.73 last month to $49.81/PH/s - Miners made $1.24 billion in profit in February, but the situation in March is not optimistic - Mining difficulty will rise by about 1.29% on March 9 Unless BTC price or fees rise, it will be very difficult in the future!

▌ECB plans to establish CBDC by October 2025

The European Central Bank 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 drastic cuts in federal spending could have a chain reaction on the overall economy, ultimately leading to a recession.

▌Analysts: Trump's plan to reduce the size of the government may hit the tourism industry, triggering an economic chain reaction

Melius Research analysts pointed out in a report that the Trump administration's push to reduce the size of the government could have a negative impact on the tourism industry and the broader U.S. economy. United Airlines recently said that its government business has weakened since the U.S. presidential election in November. However, analysts also pointed out that airlines are relatively less dependent on government business, which accounts for less than 2% of United Airlines' revenue, while Delta Airlines accounts for about 1%. "The question is whether the weakness in government business will spread to other parts of the economy," the analysts wrote. "It's hard to tell at this point, but there are clearly growing concerns about how this influence can be controlled." ▌White House: The United States will become the world's Bitcoin superpower, and the golden age has begun

BlockBeats news, the official X account of the White House 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 comments

Golden Encyclopedia

▌What is DeFAI

DeFAI combines DeFi's decentralized financial ecosystem with AI-driven analysis and automation. DeFAI is still in its early stages and focuses 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.

Disclaimer: As a blockchain information platform, Jinse Finance publishes articles for information reference only and is not intended as actual investment advice. Please establish correct investment concepts and be sure to increase risk awareness.