[Upbit Suspends Digital Asset Deposits and Withdrawals Due to Security Breach, Promises Full Compensation for User Losses] Upbit CEO Woo Jin-seok apologized to users for the recent cybersecurity incident, admitting that the issue was caused by insufficient security management. Upbit has suspended digital asset deposits and withdrawals, tracked the outflow of assets, and frozen approximately 2.3 billion KRW in assets. In this incident, Upbit confirmed the total amount of damaged assets to be approximately 44.5 billion KRW, of which user losses amounted to about 38.6 billion KRW. Upbit has pledged to fully compensate user losses using its own assets. Upbit is currently undergoing a comprehensive upgrade of its wallet system and will resume digital asset deposit and withdrawal services once security is confirmed. The company also stated that it will further strengthen its security system to prevent similar incidents from happening again.
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More >Animoca Brands 计划通过反向并购在纳斯达克上市
[Animoca Brands Plans to Go Public on Nasdaq via Reverse Merger] Animoca Brands plans to go public on Nasdaq in 2026 through a reverse merger with Singapore fintech AI company Currenc Group. Upon completion of the transaction, Animoca will hold a majority stake in Currenc and inherit its public listing status, enabling its crypto asset projects to directly reach U.S. investors.
Polygon executives predict that stablecoin issuers will exceed 100000 in the next five years
Polygon's Aishwary Gupta predicts that the number of stablecoin issuers will exceed 100000 within the next five years, and states that this will prompt banks to reconsider their capital models while maintaining liquidity through the issuance of deposit tokens. （Cointelegraph）
Hot search list: MERL's popularity has fallen, with a 24-hour increase of 8.74%
According to the popularity ranking, MERL's popularity has decreased by 560000 followers compared to yesterday, ranking first. The popularity ranking is as follows: ① MERL （$0.3147，8.74%） ② ZEC （$480.92，-5.32%） ③ AT （$0.2146，-18.19%） ④ ETH （$3059.35，0.93%） ⑤ IRYS （$0.03896，-22.08%） MERL's main funds have strong selling power, with a net outflow of $4.096 million in 24 hours and a transaction volume of $764 million in 24 hours, of which the main funds had a net outflow of $2.8072 million.
CryptoQuant：ERC20稳定币供应量突破1600亿美元创历史新高
[CryptoQuant: ERC20 Stablecoin Supply Surpasses $160 Billion, Reaching a Historic High] The latest report from CryptoQuant shows that the total supply of ERC20 stablecoins surpassed $160 billion in 2025, setting a new all-time high. The report highlights a significant correlation between stablecoin supply and Bitcoin price trends, with stablecoin growth typically preceding Bitcoin price increases. During the 2021 bull market and the 2024-2025 market recovery, the growth in stablecoin supply consistently occurred before Bitcoin price surges. The CryptoQuant research team stated that the current stablecoin supply is at a historic high, reflecting a sustained strengthening of underlying market purchasing power.
某巨鲸平仓比特币空单后转为做多，损失约160万美元
[A certain whale closed Bitcoin short positions and switched to long, losing approximately $1.6 million] According to monitoring by Lookonchain, the whale with the address starting with 0x0ddf9 has closed 1,000 Bitcoin short positions worth $91 million, incurring a loss of approximately $1.6 million. The whale then opened 1,000 Bitcoin long positions worth $91 million with 3x leverage, with a liquidation price of $59,112.