Expand Euclid Protocol announced the completion of a $3.5 million seed and seed extension funding round to build its proposed "liquidity consensus layer." The round was led by KuCoin Ventures, Gate Ventures, and others. Euclid Protocol aims to construct a cross-chain global liquidity layer, enabling different applications and networks to share the same liquidity pool without relying on traditional cross-chain bridges.

Expand CrossCurve threatens legal action over a $3 million cross-chain bridge vulnerability.

Expand CrossCurve (formerly EYWA), a cross-chain liquidity protocol, confirmed that its cross-chain bridge was attacked due to a smart contract vulnerability. The attack stemmed from a lack of gateway verification, allowing attackers to forge cross-chain messages and bypass verification, triggering the unlocking of unauthorized tokens in the PortalV2 contract. This resulted in approximately $3 million being transferred out across multiple chains. Security analysis revealed the vulnerability was located in the ReceiverAxelar contract, where its expressExecute function could be directly called and injected with forged messages to complete the attack. (The Block)

Expand Iran's Ministry of Defense has just begun accepting cryptocurrency payments for ballistic missiles. This is not a rumor, nor speculation. Public transactions. Drones. Warships. Missiles. Payments made in cryptocurrency. The first country in history to settle strategic weapons transactions in cryptocurrency. This is what a regime calls "anti-censorship" when it's desperate. Here's what's actually happening on the blockchain: By 2025, Iran's cryptocurrency transaction volume will reach $7.78 billion. Of that, $3 billion is related to the Iranian Islamic Revolutionary Guard Corps. Preferred payment channel: USDT on TRON. Why choose TRON? Fees below $1. Settlement in 3 seconds. $75 billion in liquidity. Perfect for large-scale transfers of regime funds. Tehran's 5,000 militias brought in from Iraq to suppress protesters? Their payment channels operate through this infrastructure. Stablecoins have now become a tool for circumventing sanctions. In September, Israel seized 187 wallets belonging to Iran's Islamic Revolutionary Guard Corps (IRGC), involving $1.5 billion worth of USDT. In July, Tether blacklisted 42 Iranian addresses, marking the largest cryptocurrency freeze in Iran to date. The Central Bank of Iran purchased $507 million worth of USDT to intervene in the rial's exchange rate. Of this, $37 million was ultimately frozen by Tether. The Iranian regime is realizing that the limitations of "decentralization" become apparent when Tether cooperates with law enforcement. Therefore, they are making adjustments. Migration to DAI. Cross-chain bridges. Decentralized exchanges (DEXs). This cat-and-mouse game is accelerating. Meanwhile, Iranian citizens transferred $4.18 billion worth of cryptocurrency in 2024. A 70% year-on-year increase. During the protests in January, Bitcoin withdrawals to personal wallets surged. The same technology, yet with drastically different application scenarios. Dictators use stablecoins to fund militias. Citizens use Bitcoin to escape collapsing currencies. Cryptocurrencies don't take sides. They are infrastructure. The issue isn't whether cryptocurrencies will encourage criminals. The issue is whether freezing USDT addresses constitutes "censorship" when the alternative is funding Iran's Islamic Revolutionary Guard Corps. The stablecoin theory has just undergone an unexpected stress test.

Expand According to on-chain analyst Specter, Saga, a Web3 infrastructure provider, suffered a hack that resulted in a loss of approximately $7 million. About $6 million of these funds have been bridged to the Ethereum blockchain. Saga announced that SagaEVM will remain suspended until the investigation into the January 21 attack is fully confirmed. They are currently working with partners to work on remediation and will release a post-incident analysis report once the investigation findings are fully verified. Saga stated that approximately $7 million in USDC was transferred out and exchanged for ETH during the incident, and the team is collaborating with exchanges and cross-chain bridges to block the relevant addresses.

Expand 🇮🇷 Breaking news: Blockchain analytics firm Elliptic reports that the Central Bank of Iran has accumulated at least $507 million in Tether USDT to circumvent sanctions and back the rial. The on-chain fund flows were later traced through exchanges and cross-chain bridges.

Expand Wu learned that the Starknet ecosystem's perpetual contract DEX, Paradex, experienced a system-level outage at 18:52, affecting core services such as blockchain, cross-chain bridges, and RPC. It is currently in cancell-only mode for recovery. Due to a database migration error, the price of Bitcoin on Paradex briefly displayed as 0, triggering a large-scale liquidation. Paradex resumed trading after approximately 8 hours of downtime. The team rolled back the chain state to the block before the failure, forcibly canceling all orders except for stop-loss and take-profit orders, and stated that user funds were unaffected.

Expand #dusk $DUSK 2026 is a decisive watershed year for Dusk, with the mainnet upgrade in the first quarter becoming the core battleground for testing its technological strength. This upgrade is not a simple iteration, but focuses on three core areas: high-load performance of DuskEVM, scenario adaptation of the Hedger privacy engine, and stability of cross-chain bridges. These directly determine whether the ecosystem can support large-scale institutional funds and applications. DuskEVM needs to maintain its EVM compatibility advantages while compressing transaction finality to within 15 seconds and reducing the execution cost of privacy contracts by 25% to match the high-frequency demands of institutional-grade securities trading. The Hedger engine needs to optimize the programmability of privacy strategies to achieve full-scenario adaptation from securities tokenization to the creator economy. The cross-chain bridge upgrade will rely on the Chainlink CCIP protocol to enable seamless flow between DUSK tokens and EURQ stablecoins on mainstream public chains, solving the problem of ecosystem liquidity silos. The market has high expectations for this upgrade, with the DUSK token recently rising 25.68% in 24 hours, a direct reflection of the anticipated technological implementation. This breakthrough will determine whether Dusk can transform from a compliant infrastructure provider into a core player in the trillion-dollar European RWA market. #Dusk @Dusk_Foundation

Expand Could this underdog be a dark horse? Following it for over 30 weeks! @0xSoulProtocol is truly taking its time! I'm extremely optimistic about @0xSoulProtocol: the probability of achieving "policy-driven market + auditable full-chain settlement" is only 2%, but if $SO succeeds, the return could easily exceed 100 times. TGE's lack of urgency is actually more intriguing, prompting deeper exploration of Soul. @0xSoulProtocol isn't about accelerating cross-chain bridges, but rather reconstructing asset liquidity: assets remain on their original chain, yet gain global credit liquidity; BNPL+ automatic clearing makes lending smooth and low-barrier. The SoulID credit system simplifies identity while strengthening trust, a key to DeFi's popularization. It builds a "credit track" rather than faster transactions, unifying omnichain liquidity, connecting mainstream protocols, and unlocking new cross-chain arbitrage opportunities. #KaitoYap @KaitoAI #Yap #soul

Expand Wu learned that Flow released a technical post-incident analysis report on the security incident on December 27, 2025, disclosing that attackers exploited a type obfuscation vulnerability in the Cadence VM to forge tokens. It was confirmed that approximately $3.9 million worth of assets flowed out through cross-chain bridges (including Celer, deBridge, Stargate, and Relay) before the network suspension. The vast majority of the remaining forged assets have been restricted on-chain or controlled by relevant parties. Flow restored mainnet operation on December 29 using an isolation recovery plan and deployed multiple patches to strengthen static type verification and runtime defenses. Simultaneously, it is cooperating with on-chain forensic institutions and relevant departments to advance the follow-up investigation.