Crypto Weekly Recap! 1ï¸⃣ Drift Protocol lost $285M in one of Solana DeFi's largest breaches, as attackers hijacked admin rights via Solana's durable nonce mechanism, draining over half its TVL before bridging funds to Ethereum. 2ï¸⃣ Sui Foundation has officially bridged $SUI to Solana, letting users trade it directly against Solana assets, a cross-chain move that plugs SUI straight into Solana's liquidity ecosystem. 3ï¸⃣ Binance has officially launched futures trading for oil and natural gas, expanding its offerings beyond traditional cryptocurrency assets. 4ï¸⃣ 68% of global Bitcoin mining power is concentrated in just three countries, the US, China, and Russia, underscoring their outsized grip on the cryptocurrency mining industry. 5ï¸⃣ Coinbase CEO Brian Armstrong stated that he will personally invest in research on Bitcoin's resistance to quantum-related issues and emphasized that the industry needs to push for solutions as soon as possible. 6ï¸⃣ Vitalik Buterin has outlined a strategy for deploying localized, private LLMs, prioritizing privacy, security, and user autonomy while minimizing personal data exposure to remote models and external services. 7ï¸⃣ Ethereum's network activity is near all-time highs with 788K daily active addresses and 255K new addresses created daily. 8ï¸⃣ Bitcoin closed Q1 2026 at $66,500, down 22%, marking its worst opening quarter since 2018 and the first time in history that January, February, and March all closed in the red in the same year. 9ï¸⃣ Over 40% of altcoins are currently trading at or near their historical lows, surpassing the previous bear market peak of around 38%. 🔟 BlackRock's IBIT now trades $16–$18B daily volume, rivaling Binance and doubling Coinbase volumes. ----------------------------------------------------------------------- I'm Adil Ashfaq - I help Web3 brands go from zero to scale with marketing that actually converts. Follow for more insights Repost if this added value 🤝
