Key Insights:
- Ethereum Foundation stakes 2,016 ETH today, aiming for 70,000 ETH to fund network development.
- USD1 faces coordinated attack; WLFI co-founders’ accounts hacked, token briefly depegged below 0.981 USDT.
- Uniswap launches seven AI agent Skills; TRUMP token, x402, UniSat, and Magic Eden report updates.
The Ethereum Foundation has begun staking a portion of its treasury funds, depositing 2,016 ETH today. The foundation plans to stake about 70,000 ETH in total, with all rewards returned to its treasury. The staking uses software called Dirk and Vouch. Dirk allows signing across multiple locations without a single point of failure. Vouch helps reduce risks by pairing multiple clients.
The foundation uses a limited number of clients, combined with custodial infrastructure and self-managed hardware. These operations are spread across several locations. The initiative supports network security and provides funds for research, ecosystem development, and community grants.
USD1 Experiences Coordinated Attack
World Liberty Financial reported that USD1 faced a “coordinated attack.” Several co-founders’ accounts were hacked, and large-scale short-selling affected the token. USD1 briefly dropped to 0.9802 USDT, and WLFI lost over 8% of its value.
Eric Trump removed some posts on social media during the incident. The team stated that no wallets or contracts were compromised, and the attack only involved unauthorized access to co-founders’ accounts.
Updates on Uniswap, TRUMP Token, and zkSync
Uniswap Labs launched seven new agent functions to support on-chain workflows. These include v4-security-foundations, configurator, deployer, viem-integration, swap-integration, liquidity-planner, and swap-planner. Developers can use them through the open-source uniswap-ai repository.
The TRUMP token team said it will use up to 5% of tokens to fund ecosystem projects. This includes boosting liquidity, partnerships, acquisitions, and developing the Web3 game TRUMP Billionaires Club.
zkSync will stop supporting its Lite version on May 4 and focus on the Era ecosystem. Migration guides will be shared to help Lite users transition.
Market Movements and Platform Announcements
x402 trading volume reached nearly $400,000, a two-month high. UniSat announced a 90-day fee-free policy for its Bitcoin marketplaces and plans a phased buyback of FB tokens. Magic Eden will close Bitcoin and EVM marketplaces and stop supporting its multi-chain wallet in early April.
Binance relaunched tokenized U.S. stock trading with Ondo Finance, offering ten tokenized stocks and ETFs. Terraform Labs’ liquidator filed a lawsuit against Jane Street, claiming insider trading accelerated Terraform’s collapse.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Source: https://coincu.com/news/weekly-crypto-highlights-binance-stock/