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11:15
Insight: Nearly 80% of Hacked Cryptocurrency Projects Fail to Fully Recover, Operational and Trust Breakdowns Cited as Major Reasons
BlockBeats News, January 18th, according to Cointelegraph, Web3 security platform Immunefi CEO Mitchell Amador stated that nearly 80% of crypto projects that have experienced a major hack have never fully recovered. Most protocols are fundamentally unaware of the level of risk they face from hacking and are not prepared operationally for a major security event. Mitchell Amador said that the first few hours after a vulnerability occurs are usually the most destructive. Without a pre-established incident response plan, teams hesitate, argue about the next steps, and underestimate the potential depth of the vulnerability's impact. This period is often a critical moment when additional losses occur. Out of concern for reputational damage, project teams often hesitate to pause smart contracts and completely cut off communication with users. Maintaining silence often exacerbates panic rather than containing the problem. Nearly 80% of projects that have been hacked have never fully recovered, primarily because of the breakdown in operations and trust systems during the response process.
11:06
French President Macron plans to request the activation of the EU anti-coercion mechanism
Sources say that French President Macron will request the activation of the EU anti-coercion mechanism in response to Trump's tariff threats.
10:43
CAT Terminal and PinPet reach strategic cooperation and jointly launch the CAT Node platform
BlockBeats News, January 18, the CAT Terminal community announced a strategic partnership with the PinPet platform to jointly launch the CAT Node Meow Universe Node Platform, aiming to build a high-quality, sustainable Web3 crypto community ecosystem. PinPet is a next-generation leveraged trading DEX based on Solana, equipped with a globally pioneering fusion engine that atomically integrates AMM spot trading, automatic lending pools, and multiple risk control mechanisms, enabling token issuance, spot trading, and long/short leverage in a single process. The platform supports zero-threshold token issuance and instant 3x–10x leveraged trading, providing users with two-way trading capabilities to enhance capital efficiency and trading flexibility. CAT Terminal was fairly launched on the PumpFun platform, integrating Web3 and AI computing power models, and is jointly promoted by decentralized communities from regions such as Dubai, South Korea, Japan, and Vietnam. Currently, the community user base has exceeded 17,000 people and has received strategic investments from multiple crypto institutions, aiming to grow into a "super Meme" ecosystem with long-term vitality that can withstand both bull and bear cycles. It is reported that the CAT Node platform launched through this collaboration has officially gone live, and ecosystem node recruitment has started simultaneously, including 200 Honor Nodes and 2,000 Keystone Nodes. CAT Node will further build Solana's first AI Meow Universe Node Platform, promoting community co-construction, ecosystem incentives, and value accumulation through the node mechanism.
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