Solana DeFi Exchange Jupiter Plans Massive Airdrop

Theo, a crypto startup, secured $20 million from investors like Citadel and JPMorgan to offer Wall Street-grade trading strategies to retail investors. The company aims to provide institutional-grade trading infrastructure for users seeking diverse trading opportunities without the need for complex tech skills.

Bitcoin's five-day winning streak ended with a 1.3% loss, dropping from highs of $94,500 to $92,349. Altcoins like XRP and Dogecoin also saw declines, while global economic uncertainty persists.

Eugene William Austin Jr., also known as "Hugh Austin," received an 18-year prison sentence for orchestrating a $12 million cryptocurrency fraud scheme with his son Brandon. The duo posed as brokers, promising high returns on investments and funding for startups, defrauding over 24 victims.

KiloEX, the DEX targeted in a $7 million attack this month, announce that it will compensate affected users. Users whose positions remained open during the platform suspension will be compensated for the difference on increased losses or decreased profits. The attacker utilized a wallet funded by Tornado Cash to exploit a vulnerability in KiloEX's price oracle system.

The hacker who stole $5 million from ZKsync's airdrop contract has returned the funds within 72 hours, resolving the exploit. ZKsync now holds the recovered assets and plans next steps through governance after the compromised key incident.

The Solana Foundation is introducing a new policy to enhance network decentralization by adding and removing validators based on specific criteria. This initiative aims to reduce reliance on foundation support and increase transparency within the ecosystem.

Metaplanet Inc. has reached halfway in its goal to hold 10,000 Bitcoins by acquiring an additional 145 BTC for $13.6 million. With a total of 5,000 BTC valued at approximately $428 million, the company aims to become a leading Bitcoin holder globally.

The SEC's second crypto policy roundtable will focus on crypto asset custody rules and regulatory gaps, featuring panels on "Custody Through Broker-Dealers and Beyond" and "Investment Adviser and Investment Company Custody." The event aims to gather input and discuss policy options for digital asset regulation.

The FBI's 2024 annual report highlights a concerning trend where Americans aged 60 and older are disproportionately targeted by crypto fraud, with losses reaching over $9.3 billion. This demographic reported an average loss of $83,000 per victim, significantly higher than the overall average.

SOL Strategies has secured a $500 million convertible note to purchase Solana, becoming the largest financing facility in the Solana ecosystem tied to staking yield. The company's stock price surged by nearly 25% following the announcement, reflecting growing interest in Solana's speed and market performance.