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KiloEx Hacked for $7 Million, Can the $7M Circulating Supply Cover User Losses?

Phantom Sued for Wiener Doge Meme Coin Theft Phantom is being sued for the theft of Wiener Doge meme coins, according to a lawsuit filed on Monday. Meme coin developer Thomas Liam Murphy and other victims said a malicious attacker stole and cashed out more than $500,000 in Wiener Doge digital assets from Murphy's Phantom wallet on January 20 of this year. Murphy and 13 of his relatives and friends have filed a lawsuit in the U.S. District Court for the Southern District of New York. According to the indictment, Murphy's friends and family also purchased Wiener Doge cryptocurrency. They accused Phantom Technologies Inc. of failing to provide adequate security protection, exposing users to the risk of malware and cryptocurrency wallet theft. (Bloomberg)

A whale has deposited 8922 ETH held for 2 years into Kraken.

Solana has implemented SIMD-0207, increasing the block limit by 4% With the implementation of SIMD-0207, Solana engineers have increased the chain’s block size by 4%. This change allows more data to be packed into Solana blocks, theoretically allowing more transactions to be packed into a single block, thereby increasing the network’s transaction throughput. SIMD-0207, originally proposed by Anza engineer Andrew Fitzgerald, has been successfully implemented on-chain, raising Solana’s block limit to 50 million CUs, an increase of 4%. Increasing the network’s block limit is just one small step on Solana’s scaling roadmap. Future network governance proposals and upgrades will target continued, incremental improvements to help Solana grow. For example, SIMD-0256 intends to further increase the block limit to 60 million CUs, a 25% increase from pre-SIMD-0207 levels. (SolanaFloor)

Analysis: Market focuses on Powell's speech this week, interest rate cut expectations and global recession risks remain in focus Carlos Guzman, research analyst at crypto market maker GSR, said market participants will be closely watching Federal Reserve Chairman Powell's speech this week. They are eager to understand the Fed's position on a potential recession. "When the tariff suspension was announced, the main concern was that it could lead to a massive economic contraction. At that time, the market expected that there might be four rate cuts this year," he said. After Trump announced a 90-day suspension of most tariffs last week, expectations of recession have declined, and expectations of rate cuts have also weakened. However, Guzman mentioned that the market still expects more rate cuts now than before Trump announced the tariff suspension. "If the global economic situation looks bad, the Fed may adopt more stimulus policies. This may be a medium-term positive for cryptocurrencies, although the impact may be smaller in the short term due to recent volatility." (Decrypt)