[Bakkt Stock Surges 40%, Mike Alfred Joins Board of Directors] According to The Block, Bakkt Holdings announced that crypto industry veteran Mike Alfred has joined the company's board of directors. Following this news, Bakkt's stock price surged over 40% at one point. Alfred previously founded Digital Assets Data, which was acquired by New York Digital Investment Group, and he currently serves as managing partner at Alpine Fox as well as a director at Bitcoin mining company Iren. Bakkt had previously planned to raise up to $1 billion through equity and debt financing for its Bitcoin acquisition strategy.

1. Federal Reserve Board Members Say Monetary Policy Has Highly Tightened 2. US lawmakers urge SEC to support 401 (k) investments in cryptocurrencies 3. Tether to cast 1 billion USDT coins, or replenish liquidity 4. The United States and the United Kingdom establish a special task force to coordinate encryption affairs 5. PayPal Ventures invests in Stable to expand PYUSD's influence 6. CleanSpark receives $100 million credit support from Coinbase Prime 7. Worldcoin team transfers 110 million WLDs to World Chain and Kraken 8. CFTC announces Aptos Labs CEO joins Global Market Advisory Committee The above is a selection of hot topics from the past 24 hours. Click to see the full article: https://www.aicoin.com/article/488402

[UXLINK Multi-Signature Wallet Suffers Security Breach, Funds Illegally Transferred] Web3 social platform UXLINK has officially confirmed that its multi-signature wallet encountered a security vulnerability, resulting in a large amount of crypto assets being illegally transferred to centralized and decentralized exchanges. The team has urgently collaborated with internal and external security experts to investigate the matter and contacted major exchanges to freeze the suspicious funds. Additionally, UXLINK has reported the incident to the police and relevant regulatory authorities, stating that they will continue to follow up on the progress of the case and release the latest updates.

[U.S. Lawmakers Urge SEC to Allow 401(k) Investments in Cryptocurrency] According to CoinDesk, U.S. lawmakers are urging the SEC to implement the executive order signed by Trump in August, supporting 401(k) retirement plans investing in Bitcoin and cryptocurrencies.

[Base Chain Gains Vitalik's Approval, Emphasizes L2 Security and Non-Custodial Attributes] jesse.base.eth follows up on paulgrewal.eth's perspective, providing a detailed explanation that Sequencers in Layer 2 blockchains like Base are solely responsible for collecting and ordering user transactions, then batching the results for submission to the Ethereum mainnet for settlement. Sequencers do not possess the functionality for trade matching or transaction execution, as these processes are handled by smart contracts. The team stated that Base has achieved the first stage of decentralization and is advancing toward further distributed block construction. Vitalik Buterin remarked that Base, as an Ethereum Layer 2 solution, leverages centralized features to enhance user experience while relying on Ethereum's decentralized foundation to ensure security. Base does not custody user funds, cannot steal or block withdrawals, and its security mechanisms have been verified by the L2beat platform. Vitalik added that in the event of an L2 shutdown, users can automatically withdraw their funds, and the operator cannot unilaterally censor or misappropriate assets.