News linked to both this project and an event.
According to Decrypt, Bitcoin’s price recently approached $75,000, driven by improved risk sentiment and easing geopolitical tensions. Since the Iran conflict erupted on February 28, Bitcoin has surged approximately 13%, outperforming both the S&P 500 Index and gold. Data shows bearish pressure in the options market has eased, with the 25-Delta Skew rebounding from -10% to -4.5%, indicating reduced investor demand for downside protection. Last week, CoinShares data revealed net inflows of $1.1 billion into crypto investment products—the strongest weekly performance so far this year—with U.S. spot Bitcoin ETFs accounting for $786 million in net inflows. Analysts note that ETF inflows and strengthening institutional demand have become key drivers behind Bitcoin’s rally. Experts caution that inflation, Federal Reserve policy, and evolving geopolitical developments could influence its future trajectory.
According to BlockSec Phalcon, the HandlerV1 contract managed by Hyperbridge on the Ethereum network was found to contain a Merkle Mountain Range (MMR) proof replay vulnerability, resulting in approximately $242,000 in losses. The vulnerability stems from the lack of binding between proofs and requests, enabling attackers to replay historical valid proofs alongside newly forged requests to perform malicious actions—such as altering administrator privileges. In the specific incident, the attacker changed the Polkadot (DOT) token administrator and then exploited those privileges to mint additional DOT tokens for profit. Observed attack transactions include: changing the DOT token administrator and minting new tokens (losses of ~$237,400), changing the ARGN token administrator and minting new tokens (losses of ~$3,800), and host withdrawal operations. The vulnerability was discovered by PhalconSecurity and analyzed via PhalconExplorer. Previously, the Hyperbridge gateway contract was attacked, leading to the unauthorized minting and subsequent dumping of 1 billion DOT tokens on Ethereum.