AltLayer Begins ALT Airdrop With $100 Million Worth of Tokens

Drift, a Solana-based decentralized exchange, identified wallets holding stolen crypto and attempted on-chain negotiations with the attackers. Security experts suspect North Korean involvement in the $285 million exploit, while Drift plans to share updates once third-party attributions are complete.

Bitcoin experienced its worst quarterly performance since early 2018, dropping 22% year-to-date due to war, tariffs, and a hawkish Federal Reserve. Despite holding up better than equities and gold, Bitcoin remains range-bound with low whale transfers and cautious investors.

Riot Blockchain sold over $250 million worth of Bitcoin in Q1, reducing its holdings to 15,680 BTC valued at $1.04 billion. The company aims to fund AI ventures with proceeds from Bitcoin sales, following a trend among miners transitioning to AI. An activist investor highlighted the potential $21 billion boost in valuation from seizing the AI opportunity.

Binance faces scrutiny from US Senator Blumenthal over potential misleading information provided to Congress regarding transactions with Iranian entities. The Senator demands documents justifying Binance's claims of limited transactions with Iran, following reports of significant flows to Iran-linked accounts.

The Ethereum Foundation has staked over 45,000 ETH, nearing its 70,000 ETH target, with a total staked position of 69,500 ETH valued at $143 million. This move aligns with the Foundation's treasury strategy, aiming to earn between $3.9 million to $5.4 million annually through staking rewards.

Cambodia has passed a draft law imposing severe penalties on online scam operations involving crypto, aiming to eradicate scam centers by April. The legislation introduces prison terms up to life for fraud network leaders, with lower-level scammers facing up to five years in jail and fines.

Algorand's recent rally, driven by a Google research paper praising its post-quantum protocols, saw a 44% increase in the past week. The paper highlighted Algorand's use of Falcon digital signatures for quantum resistance, sparking market interest in quantum security.

The blockchain industry is racing against time to prepare for the quantum apocalypse, with networks like Naoris Protocol launching mainnets built with post-quantum cryptography. These efforts aim to resist potential attacks from quantum computers that could break current cryptographic systems, posing a threat to blockchain security.

Circle plans to introduce a new wrapped Bitcoin token, cirBTC, backed 1:1 by on-chain Bitcoin reserves. The token aims to provide a trustworthy and verifiable option for users to engage in DeFi applications beyond the native Bitcoin blockchain.

Changes are being made on Elon Musk's social media platform, X, to combat crypto scams, including auto-locking and verification for users posting about cryptocurrency for the first time. These measures aim to deter malicious actors from promoting crypto tokens and prevent community mention spam attacks.