Crypto Roundup: EOS rebrand to Vaulta, Hacks and Investments

The crypto world continues to evolve rapidly, with new developments emerging every week. In the ever-changing landscape, staying updated on key events is vital, whether you’re trading, holding assets, or farming airdrops. We’ve got you covered with the latest news and updates to help you stay ahead. Here’s what’s happening now with Vaulta, Launchlab and more.

1) EOS Token Rebrands to Vaulta

In a bold move, EOS Network has rebranded itself as Vaulta. This strategic shift is designed to integrate Web3 banking with traditional financial services. As part of the rebrand, EOS tokens will be swapped for Vaulta tokens at a 1:1 ratio, triggering a 50% price jump. The goal is to create a seamless connection between decentralized finance (DeFi) and conventional banking, offering more than just a blockchain token. Vaulta’s new direction will also involve collaboration with Bitcoin solutions, like exSat, and service partnerships with Ceffu, Spirit Blockchain, and Blockchain Insurance.

Vaulta aims to become a key player in the Web3 banking sector, providing a gateway for decentralized finance in a regulated banking environment. With its banking advisory council in place, Vaulta is setting its sights on traditional finance, offering a robust, decentralized financial ecosystem. The switch will officially occur by the end of May 2024.

I remember when EOS raised a whopping $4 billion with their ICO in 2017/2018. I honestly thought they had soft rugged it. I’m happy for the investors there are still some developments here.

2) Ai Agent AIxbt Gets Hacked!

In a concerning incident, the AI-powered crypto bot AIxbt was hacked, leading to the theft of 55.5 Ether (ETH), worth around $106,200. The bot’s dashboard was compromised by an attacker who initiated two transactions to siphon the funds. The team behind AIxbt responded quickly by securing the bot, migrating servers, swapping keys, and reporting the hacker to exchanges. The hack highlights the vulnerabilities in AI-driven crypto services, raising alarms about security risks in decentralized finance platforms.

Despite this breach, the core systems of AIxbt remained unaffected, and the team has made significant efforts to prevent further issues. However, the event has left a mark on AI bot security, reinforcing the importance of vigilance and system updates in the face of evolving cyber threats.

3) Raydium Launches its Own Token Issuance Platform, LaunchLab

Raydium, one of the leading decentralized exchanges (DEX) on the Solana blockchain, has launched its new token issuance platform, LaunchLab. This move is set to shake up the world of decentralized finance (DeFi) and token launches, offering a fresh alternative to existing platforms like Pump.Fun.

LaunchLab is designed to help developers and projects within the Solana ecosystem by providing an easy-to-use, customizable platform for token creation and distribution. Unlike traditional token launch methods, LaunchLab offers innovative features, including customizable bonding curves, such as linear, exponential, and logarithmic models. These options allow projects to fine-tune token pricing to adapt to market demand, providing a more tailored launch process.

The platform’s flexible architecture also allows third-party interfaces to set their own fee structures, creating a more diverse range of user experiences. This gives developers the freedom to innovate, while offering a streamlined process for token launches.

Raydium’s move into the token launch space comes at a pivotal time for Solana, which is known for its high throughput and low transaction costs. By offering a versatile, permissionless tool, Raydium aims to unlock new opportunities for Solana-based projects, potentially driving further innovation in the blockchain space.

As for the potential rivalry with Pump.Fun, which has been popular for meme token launches, Raydium’s LaunchLab could spark a wave of competition. If successful, it could lead to further advancements and improvements in the token launch process, benefiting both developers and investors within the Solana ecosystem.

Related: Guide to Creating Your Own Token.

4) ZachXBT Unmasks 50x Hyperliquid Whale

On March 20, on-chain investigator ZachXBT made waves by revealing the identity of the mysterious whale responsible for making $20 million in profits through highly leveraged trades on Hyperliquid and GMX. The whale, who had gained attention for its massive 50x leverage trades, was identified as a British hacker named William Parker.

Parker, previously known as Alistair Packover, was arrested in 2023 for stealing $1 million from two casinos. ZachXBT’s investigation uncovered connections between Parker and past on-chain phishing schemes, linking his wallet addresses to illicit activities. The investigator also discovered that Parker had used a phone number associated with the whale trader’s wallet address.

While ZachXBT’s findings have yet to be independently verified, the information adds another layer to the growing concerns around illicit activities in the crypto space. This case also highlights the ongoing need for enhanced security measures and monitoring systems in decentralized finance (DeFi).

5) Venture Capital Firms Invest $400M in TON Blockchain

The TON blockchain, the decentralized network originally developed by Telegram, has attracted significant interest from venture capital firms, with over $400 million invested in its ecosystem. This funding round is part of the blockchain’s push to scale its operations and solidify its position as a leader in the growing decentralized finance (DeFi) space.

The investment round was backed by several well-known venture firms, including Sequoia Capital, Benchmark, and Ribbit, signaling strong institutional support for TON’s vision. The capital raised will be used to further develop the TON ecosystem, which already boasts millions of active users and more than 40 million native accounts.

The TON blockchain has gained momentum due to its seamless integration with Telegram, the messaging platform with over a billion active users worldwide. This partnership gives TON a unique advantage, making it the first blockchain to have an established social media platform behind it. As Telegram continues to expand its user base, the TON blockchain is expected to see further adoption and use cases, especially with its native cryptocurrency, Toncoin, now being used for Telegram’s app services.

With these investments, TON aims to strengthen its infrastructure and push for more DeFi adoption. The continued growth of the blockchain and the support from both the crypto community and institutional investors underscore the increasing role of blockchain technology in the future of digital finance.

6) Microsoft Warns of New Malware Targeting Crypto Wallets

Microsoft has issued a warning about StilachiRAT, a new type of malware targeting crypto wallets. The trojan scans for popular wallet extensions like MetaMask and Trust Wallet, stealing credentials and compromising user data. Attackers can drain wallets using this malware, and it also enables remote control of infected devices.

This warning comes at a critical time as cryptocurrency adoption increases globally. To protect your assets, it’s crucial to download software only from trusted sources and use security features like Microsoft Defender. Cryptocurrency users must remain cautious and aware of evolving threats to their funds.

Related: Avoid crypto scams on Whatsapp

7) Saylor & Strategy Raises $711M to Buy More Bitcoin

MicroStrategy (MSTR) is back in the market, raising $711 million to purchase more Bitcoin. The company recently priced a new issue of Series A Perpetual Stock, which will go towards adding more Bitcoin to their already massive holdings. Currently, MicroStrategy owns over 499,200 Bitcoin, and this new capital infusion will push their total above 500,000 BTC.

Saylor’s strategy of accumulating Bitcoin as a reserve asset reflects his belief in the long-term value of cryptocurrency. As traditional markets remain volatile, companies like MicroStrategy are leaning into Bitcoin as a hedge against inflation and economic uncertainty.

Related: Check the recent BTC price impact after the FED meeting.

Conclusion

The crypto market is constantly evolving, and staying updated on the latest events is crucial. From security breaches to innovative investment products, there’s always something happening. The developments mentioned above reflect the growing importance of institutional involvement, regulatory changes, and technological advancements in the space. Whether you’re a trader, investor, or crypto enthusiast, keeping an eye on these updates will help you navigate the fast-moving world of digital assets. Stay tuned for more news and updates, as we continue to monitor the crypto landscape for the latest opportunities and challenges.

If you enjoyed this blog, you may want to check our other crypto news updates.

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