{"id":7961,"date":"2025-04-22T10:56:50","date_gmt":"2025-04-22T10:56:50","guid":{"rendered":"https:\/\/paybis.com\/blog\/?p=7961"},"modified":"2025-04-22T10:56:51","modified_gmt":"2025-04-22T10:56:51","slug":"paybis-crypto-weekly-digest-4","status":"publish","type":"post","link":"https:\/\/paybis.com\/blog\/paybis-crypto-weekly-digest-4\/","title":{"rendered":"Crypto Chaos and Innovation: What You Missed This Week"},"content":{"rendered":"\n<p>Crypto had another interesting time last week. Between Tether printing a fresh billion in USDT and freezing another chunk, to Vitalik floating a pretty radical idea for Ethereum\u2019s future, there\u2019s a lot to unpack. And of course, it wouldn\u2019t be crypto without some hacks. But it\u2019s not all doom and gloom, let\u2019s break down the biggest headlines, one by one.<\/p>\n\n\n<div class=\"text-bg-color\" id=\"block_9c4c347b20cb09e02b4fb3dfdec14a64\">\r    <div class=\"text-bg-color__content\">\r                <p style=\"text-align: center;\"><strong>Try out <a href=\"https:\/\/paybis.com\/?utm_source=blog&amp;utm_medium=weekly-digest&amp;utm_campaign=4\">Paybis<\/a> now to buy, sell, swap, and manage your favorite cryptos.<\/strong><\/p>\n    <\/div>\r<\/div>\n\n\n<h2 class=\"wp-block-heading\"><a id=\"post-7961-_tip8sbtwxjvm\"><\/a>Tether Froze Nearly $28 Million in USDT<\/h2>\n\n\n\n<p>Tether recently froze approximately <a href=\"https:\/\/www.binance.com\/en\/square\/post\/03-06-2025-tether-freezes-28-million-in-usdt-on-russian-exchange-garantex-21184011636337\">$28 million worth of USDT<\/a> linked to Russian wallets. This action followed the European Union&#8217;s sanctions on the Russian crypto exchange Garantex. The move has intensified discussions in Russia about developing domestic stablecoins to reduce reliance on USDT. Russian officials suggest that creating alternatives pegged to non-dollar currencies could be a strategic response to such financial restrictions.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><a id=\"post-7961-_fxdsdr339ek\"><\/a>Tether Minted $1 Billion in USDT<\/h2>\n\n\n\n<p>In a significant move, Tether minted <a href=\"https:\/\/cryptoslate.com\/insights\/tether-mints-1-billion-usdt-on-tron-after-bitcoin-surges-past-87k\/#:~:text=Tether%20has%20minted%20another%20%241,stablecoin%20activity%20on%20the%20network.\">$1 billion USDT<\/a> on the Ethereum network. This issuance is part of Tether&#8217;s strategy to meet growing market demand and ensure liquidity across various blockchains. The newly minted tokens are currently held in Tether&#8217;s reserves, ready to be deployed as needed for future transactions. These actions highlight Tether&#8217;s role in providing stability and liquidity in the volatile crypto market.\u200b<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><a id=\"post-7961-_vums4gynynmt\"><\/a>Vitalik Buterin Proposes RISC-V Upgrade for Ethereum Virtual Machine<\/h2>\n\n\n\n<p>Ethereum co-founder Vitalik Buterin has proposed a radical upgrade to the <a href=\"https:\/\/ethereum-magicians.org\/t\/long-term-l1-execution-layer-proposal-replace-the-evm-with-risc-v\/23617\/3\">Ethereum Virtual Machine (EVM)<\/a> by transitioning to the RISC-V architecture. He believes that adopting RISC-V, an open-standard instruction set architecture, could significantly enhance the efficiency and performance of the <a href=\"https:\/\/paybis.com\/buy-ethereum\/?utm_source=blog&amp;utm_medium=weekly-digest&amp;utm_campaign=4\">Ethereum<\/a> network. This change aims to streamline smart contract execution and improve scalability. The proposal is currently under discussion within the Ethereum community, with developers evaluating its potential impact.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><a id=\"post-7961-_6rej0azcd3uh\"><\/a>Hackers Compromised ZK Admin Account, Seizing $5 Million in Crypto<\/h2>\n\n\n\n<p>A security breach occurred when hackers gained access to the admin account of ZK, resulting in the theft of approximately <a href=\"https:\/\/www.binance.com\/en\/square\/post\/22969445408082\">$5 million in crypto<\/a>. The attack led to a swift 20% drop in the value of ZK&#8217;s token within minutes. This incident highlights the vulnerabilities that can exist within the administrative controls of crypto platforms. ZK is currently investigating the breach and implementing measures to prevent future occurrences.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><a id=\"post-7961-_i1zg08bgxw47\"><\/a>KiloEx DEX Suffers $7 Million Hack<\/h2>\n\n\n\n<p>KiloEx, a decentralized exchange, fell victim to a cyberattack, resulting in the loss of <a href=\"https:\/\/x.com\/CyversAlerts\/status\/1911867270852227131\">$7 million<\/a>. The hackers exploited vulnerabilities in the platform&#8217;s smart contracts to execute the theft. In response, KiloEx has temporarily suspended operations to assess the damage and enhance security measures. The incident underscores the ongoing challenges DeFi platforms face in securing their protocols against sophisticated attacks. Users are advised to stay informed about the platform&#8217;s updates and exercise caution.\u200b<\/p>\n\n\n\n<figure class=\"wp-block-image\"><picture class=\"attachment-pinterest\"><img loading=\"lazy\" decoding=\"async\" width=\"671\" height=\"680\" src=\"https:\/\/paybis.com\/blog\/wp-content\/uploads\/2025\/04\/word-image-7961-2.jpeg\" alt=\"\" class=\"wp-image-7963\" srcset=\"https:\/\/paybis.com\/blog\/wp-content\/uploads\/2025\/04\/word-image-7961-2.jpeg 671w, https:\/\/paybis.com\/blog\/wp-content\/uploads\/2025\/04\/word-image-7961-2-296x300.jpeg 296w, https:\/\/paybis.com\/blog\/wp-content\/uploads\/2025\/04\/word-image-7961-2-148x150.jpeg 148w\" sizes=\"auto, (max-width: 671px) 100vw, 671px\" \/><a href=\"http:\/\/pinterest.com\/pin\/create\/button\/?url=https%3A%2F%2Fpaybis.com%2Fblog%2Fpaybis-crypto-weekly-digest-4%2F&media=https%3A%2F%2Fpaybis.com%2Fblog%2Fwp-content%2Fuploads%2F2025%2F04%2Fword-image-7961-2.jpeg&description=Crypto+Chaos+and+Innovation%3A+What+You+Missed+This+Week\" class=\"pin-it-button\" target=\"_blank\"><svg width=\"24\" height=\"24\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" aria-hidden=\"true\" focusable=\"false\"><path d=\"M12.289,2C6.617,2,3.606,5.648,3.606,9.622c0,1.846,1.025,4.146,2.666,4.878c0.25,0.111,0.381,0.063,0.439-0.169 c0.044-0.175,0.267-1.029,0.365-1.428c0.032-0.128,0.017-0.237-0.091-0.362C6.445,11.911,6.01,10.75,6.01,9.668 c0-2.777,2.194-5.464,5.933-5.464c3.23,0,5.49,2.108,5.49,5.122c0,3.407-1.794,5.768-4.13,5.768c-1.291,0-2.257-1.021-1.948-2.277 c0.372-1.495,1.089-3.112,1.089-4.191c0-0.967-0.542-1.775-1.663-1.775c-1.319,0-2.379,1.309-2.379,3.059 c0,1.115,0.394,1.869,0.394,1.869s-1.302,5.279-1.54,6.261c-0.405,1.666,0.053,4.368,0.094,4.604 c0.021,0.126,0.167,0.169,0.25,0.063c0.129-0.165,1.699-2.419,2.142-4.051c0.158-0.59,0.817-2.995,0.817-2.995 c0.43,0.784,1.681,1.446,3.013,1.446c3.963,0,6.822-3.494,6.822-7.833C20.394,5.112,16.849,2,12.289,2\"><\/path><\/svg><\/a><\/picture><figcaption class=\"wp-element-caption\">Source: <a href=\"https:\/\/x.com\/PepeM2k\/status\/1860453423545528774\">X Social Media Platform<\/a><\/figcaption><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><a id=\"post-7961-_ebjgnqepu3s1\"><\/a>Ethereum Foundation Unveils Simplified Roadmap<\/h2>\n\n\n\n<p>Members of the <a href=\"https:\/\/x.com\/tkstanczak\/status\/1911524465927983447\">Ethereum Foundation<\/a> have presented a streamlined roadmap focusing on key areas for the network&#8217;s development. The updated plan emphasizes scalability, security, and user experience enhancements. This approach aims to make Ethereum more accessible and efficient for developers and users alike. The foundation is seeking community feedback to refine and implement these priorities effectively.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><a id=\"post-7961-_pk96rir24904\"><\/a>MANTRA (OM) Token Plummets by 90%<\/h2>\n\n\n\n<p>The price of MANTRA (OM) experienced a dramatic <a href=\"https:\/\/www.ccn.com\/education\/crypto\/mantra-om-crash-crypto-liquidity-risk-explained\/\">90% decline<\/a>, causing concern among investors. The sharp drop may be attributed to market volatility, project-specific issues, or broader economic factors. The team behind MANTRA is investigating the causes and exploring strategies to stabilize the token&#8217;s value. This event highlights the inherent risks and unpredictability associated with cryptocurrency investments.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><a id=\"post-7961-_uhjlqwnplg9q\"><\/a>Bybit CEO Reports 28% of Stolen Funds Untraceable<\/h2>\n\n\n\n<p>Following a massive <a href=\"https:\/\/x.com\/benbybit\/status\/1914155633781469371\">$1.5 billion hack attributed<\/a> to North Korea&#8217;s Lazarus Group, Bybit&#8217;s CEO revealed that over 28% of the stolen funds, amounting to approximately $380 million, are no longer traceable. The hackers employed sophisticated techniques to launder the assets across multiple blockchains. Bybit is collaborating with international authorities to track and recover the remaining funds.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><a id=\"post-7961-_2zjfsbayd99t\"><\/a>Circle Launches New Payments and Remittance Network<\/h2>\n\n\n\n<p>Circle, the issuer of the <a href=\"https:\/\/www.coindesk.com\/business\/2025\/04\/21\/stablecoin-giant-circle-is-launching-a-new-payments-and-remittance-network\">USDC stablecoin<\/a>, has announced the launch of a new payments and remittance network. This initiative aims to facilitate faster and more cost-effective cross-border transactions using blockchain technology. By leveraging USDC, Circle intends to provide a stable and transparent medium for international payments. The network is expected to benefit businesses and individuals seeking efficient financial solutions.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><a id=\"post-7961-_3k5p9nvujgoh\"><\/a>About Paybis<\/h2>\n\n\n\n<p>Paybis is a global cryptocurrency exchange platform that provides fast, secure, and user-friendly digital asset transactions. Founded in 2014, the company specializes in fiat-to-crypto and crypto-to-fiat conversions, enabling users to buy, sell, and swap Bitcoin, Ethereum, and other cryptocurrencies using various payment methods, including credit\/debit cards, bank transfers, and e-wallets.<\/p>\n\n\n<div class=\"text-bg-color\" id=\"block_9c4c347b20cb09e02b4fb3dfdec14a64\">\r    <div class=\"text-bg-color__content\">\r                <p style=\"text-align: center;\"><strong>Try out <a href=\"https:\/\/paybis.com\/?utm_source=blog&amp;utm_medium=weekly-digest&amp;utm_campaign=4\">Paybis<\/a> now to buy, sell, swap, and manage your favorite cryptos.<\/strong><\/p>\n    <\/div>\r<\/div>\n\n\n<p>With a strong focus on security and compliance, Paybis is registered with regulatory authorities and implements industry-leading AML\/KYC procedures. The platform is known for its intuitive interface, 24\/7 customer support, and competitive exchange rates, making it a preferred choice for both beginners and experienced traders.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><a id=\"post-7961-_w6n63o7xcog2\"><\/a>Wrapping Up<\/h2>\n\n\n\n<p>This week really showed both sides of the crypto coin \u2013 bold innovation and painful vulnerabilities. Tether\u2019s moves kept stablecoins in the spotlight, while Vitalik\u2019s RISC-V pitch sparked serious buzz around Ethereum\u2019s future. At the same time, continuous hacks remind us of just how fragile some projects still are.<\/p>\n\n\n\n<p>If you\u2019re in this space, staying updated can be a nightmare. But not with <a href=\"https:\/\/paybis.com\/blog\/tags\/individuals\/weekly-digest\/\">Paybis\u2019 weekly crypto digests<\/a>! We\u2019re reviewing major events every week, so make sure to keep an eye out for more info soon!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Crypto had another interesting time last week. Between Tether printing a fresh billion in USDT and freezing another chunk, to Vitalik floating a pretty radical idea for Ethereum\u2019s future, there\u2019s a lot to unpack. And of course, it wouldn\u2019t be crypto without some hacks. But it\u2019s not all doom and gloom, let\u2019s break down the [&hellip;]<\/p>\n","protected":false},"author":26,"featured_media":7962,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[132,193],"tags":[320,323],"businesses_tag":[],"class_list":["post-7961","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-individuals","category-news","tag-crypto-news","tag-weekly-digest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Paybis Crypto Weekly Digest #4 - Paybis Blog<\/title>\n<meta name=\"description\" content=\"From Tether&#039;s $1B USDT mint and Vitalik Buterin\u2019s bold Ethereum proposal, catch up on the biggest crypto stories this week.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/paybis.com\/blog\/paybis-crypto-weekly-digest-4\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Paybis Crypto Weekly Digest #4 - Paybis Blog\" \/>\n<meta property=\"og:description\" content=\"From Tether&#039;s $1B USDT mint and Vitalik Buterin\u2019s bold Ethereum proposal, catch up on the biggest crypto stories this week.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/paybis.com\/blog\/paybis-crypto-weekly-digest-4\/\" \/>\n<meta property=\"og:site_name\" content=\"Paybis Blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Paybis\/\" \/>\n<meta property=\"article:published_time\" content=\"2025-04-22T10:56:50+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-04-22T10:56:51+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/paybis.com\/blog\/wp-content\/uploads\/2025\/04\/word-image-7961-1.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1289\" \/>\n\t<meta property=\"og:image:height\" content=\"612\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Sergey Zhuk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@zhukserega\" \/>\n<meta name=\"twitter:site\" content=\"@paybis_com\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Sergey Zhuk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/paybis.com\/blog\/paybis-crypto-weekly-digest-4\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/paybis.com\/blog\/paybis-crypto-weekly-digest-4\/\"},\"author\":{\"name\":\"Sergey Zhuk\",\"@id\":\"https:\/\/paybis.com\/blog\/#\/schema\/person\/b11d4cc30cc536897ef4e6a58c39ba84\"},\"headline\":\"Crypto Chaos and Innovation: What You Missed This Week\",\"datePublished\":\"2025-04-22T10:56:50+00:00\",\"dateModified\":\"2025-04-22T10:56:51+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/paybis.com\/blog\/paybis-crypto-weekly-digest-4\/\"},\"wordCount\":892,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/paybis.com\/blog\/#organization\"},\"image\":{\"@id\":\"https:\/\/paybis.com\/blog\/paybis-crypto-weekly-digest-4\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/paybis.com\/blog\/wp-content\/uploads\/2025\/04\/word-image-7961-1.png\",\"keywords\":[\"Crypto News\",\"Weekly Digest\"],\"articleSection\":[\"Individuals\",\"Industry News &amp; 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