24H Hot Tokens and Key News | WLFI Claims USD1 Faces Organized Attack; IoTeX Offers 10% Bounty to Cross-Chain Bridge Hacker (February 24)
- Core View: Market data shows a general decline in mainstream cryptocurrencies, while industry developments focus on security incidents, regulatory policy movements, and institutional positive expectations for stablecoin market growth.
- Key Elements:
- Market Performance: Mainstream tokens on CEXes such as BTC, ETH, and SOL generally declined over 24 hours, with drops ranging from 2% to 12%, with only a few tokens like SENT showing gains.
- Security Incidents: The IoTeX cross-chain bridge was hacked, and the project team offered a 10% bounty for fund recovery; WLFI claims its stablecoin USD1 faced an organized attack and short-selling.
- Regulation & Policy: The Trump administration is reportedly considering new national security tariffs on multiple industries and exploring issuing a USD-pegged stablecoin for the Gaza region.
- Institutional Dynamics: The Ethereum Foundation established a dedicated DeFi support team; South Korean exchange Upbit added IoTeX to its trading warning list and suspended deposits and withdrawals.
- Industry Forecast: A Standard Chartered research report predicts the stablecoin market cap will reach $2 trillion by the end of 2028 and could become a significant buyer of US Treasury bonds.
1. CEX Hot Tokens
Top 10 CEX Trading Volume and 24-hour Price Change:
- BNB: -2.78%
- BTC: -4.14%
- ETH: -4.87%
- SOL: -5.85%
- XRP: -2.65%
- BCH: -12.55%
- DOGE: -2.58%
- SENT: +12.85%
- PEPE: -1.49%
- LTC: -3.86%
24-hour Top Gainers List (Data Source: OKX):
- TRUMP: +1.05%
- BAT: +0.51%
- ARB: +0.38%
- USDG: +0.28%
- USDC: +0.27%
- TON: +0.26%
- PEPE: 0.00%
- PENGU: 0.00%
- IP: 0.00%
- IOTA: 0.00%
24-hour Top Gainers List for Tokenized Stocks (Data Source: msx.com):
- Faraday Future Intelligent Electric Inc. Common Stock - MSX: +22.79%
- VivoPower International PLC - MSX: +16.88%
- ProShares UltraShort Ether ETF - MSX: +11.82%
- GraniteShares ETF Trust GraniteShares 2x Short COIN Daily ETF - MSX: +11.74%
- T-Rex 2X Inverse MSTR Daily Target ETF - MSX: +10.33%
- USA Rare Earth, Inc. Class A Common Stock - MSX: +9.58%
- ProShares UltraShort Bitcoin ETF - MSX: +9.39%
- ProShares Ultra Silver - MSX: +9.07%
- Bloom Energy Corporation - MSX: +8.04%
- Treasure Global Inc. Common Stock - MSX: +6.25%
2. Top 5 On-chain Meme Tokens (Data Source: GMGN):
- MOSS
- vibeclaw
- HOMI
- Earthcoin
- Gravel
Headlines
WLFI: USD1 Faces Coordinated Attack, Token Maintains 1:1 Peg
WLFI issued a statement claiming that USD1 was subjected to a coordinated attack this morning. The involved parties hacked into the accounts of several WLFI co-founders, spread negative information through channels, and simultaneously established a large number of short positions against WLFI. WLFI stated that USD1, backed by 1:1 asset support and a minting and redemption mechanism, continues to trade at parity with its pegged assets.
IoTeX Offers 10% Bounty to Cross-Chain Bridge Hacker, Demands Return of $4.4M Assets Within 48 Hours
IoTeX announced it is offering a 10% white hat bounty (approximately $440,000) to the hacker who attacked its ioTube cross-chain bridge, on the condition that the hacker returns the approximately $4.4 million in stolen assets within 48 hours. IoTeX co-founder and CEO Raullen Chai stated that if the funds are returned, the team will not pursue legal action nor disclose the hacker's identity to law enforcement.
Trump Signals Easing of US-Iran Tensions: Prefers Deal Over War
US President Trump stated: "I would much rather make a deal than go to war, but if we can't make a deal, it will be a very bad day for Iran and the Iranian people." Trump denied reports about a potential war with Iran, emphasizing that such reports are false.
Industry News
Trump's 'Peace Commission' Considers Issuing Gaza Stablecoin for Digital Payment System
According to the Financial Times, the "Board of Peace" led by US President Trump is exploring the issuance of a US dollar-pegged stablecoin to support a digital transaction system in the Gaza region. This stablecoin would serve as "a way for Gaza residents to make digital payments." The project, spearheaded by Israeli tech entrepreneur Liran Tancman, aims to establish basic financial transaction infrastructure.
US Media: Trump Administration Considering New National Security Tariffs on Six Major Industries
According to the Wall Street Journal, the Trump administration is considering imposing new "national security tariffs" on six industries. The potential scope of these tariffs may cover large batteries, pig iron and iron fittings, plastic pipes, industrial chemicals, as well as power grid and telecommunications equipment. These tariffs would be levied under Section 232 of the Trade Expansion Act of 1962.
Project News
Ethereum Foundation Establishes DeFi Team to Promote "DeFipunk" Development
The Ethereum Foundation announced the establishment of a dedicated DeFi support team, creating a DeFi unit under the App Relations department to promote the development of decentralized finance protocols and strengthen its "DeFipunk" philosophy. The new team has appointed former DELV CEO and MakerDAO governance architect Charles St. Louis as DeFi Protocol Specialist.
Upbit Adds IoTeX to Trading Caution List, Closes Deposit and Withdrawal Channels
South Korean cryptocurrency exchange Upbit announced that it has added IoTeX (IOTX) to its trading caution list. Currently, deposit and withdrawal channels are closed, and only withdrawal services will be restored subsequently.
Voices
On-chain detective ZachXBT posted on X, stating that he will release a major investigative report on a highly profitable crypto industry firm on February 26. The report indicates that several employees of the firm have been abusing internal data for insider trading over an extended period.
Latest research from Standard Chartered suggests that stablecoin issuers are poised to become one of the largest buyers of US Treasuries. They forecast that the stablecoin market capitalization will reach $2 trillion by the end of 2028. This expansion is expected to bring about $0.8 to $1 trillion in new demand for US Treasuries, as issuers accumulate short-term government bonds as reserve assets.
