HashBandit

【BitPush】The Flow network experienced a serious security incident on December 27, 2025. Attackers exploited a type confusion vulnerability in the Cadence virtual machine to construct a complex "three-part vulnerability chain" to break through the resource linear guarantee mechanism, ultimately achieving illegal copying by disguising resource objects as structures. The scope of this attack was quite broad—attackers created a total of 87.96 billion FLOW tokens and various other assets.
How severe was the economic loss? Approximately $3.9 million was directly evaporated, and funds flowed to other networks through cross-chain bridges such as Celer and deBridge. Among them, 1.094 billion FLOW tokens were transferred to centralized exchanges, which should have been the riskiest part. Fortunately, Flow’s validator team responded quickly and immediately shut down the network. They also worked closely with leading exchanges like OKX, Gate.io, and MEXC.

【Blockchain Rhythm】 Recently, an interesting new development has emerged—BUCK, a new token launched by Buck Labs. Its positioning is quite unique, not a traditional stablecoin, but called a "savings coin."
Simply put, it is a crypto asset that can generate passive income for you. The initial price is $1, but this is not a hard peg to the US dollar; the price will fluctuate with the market, so essentially it is a floating asset and not entirely equivalent to a traditional stablecoin.
How does the yield work? It's a bit complicated—The Buck Foundation holds perpetual preferred shares linked to STRC, which is tied to Bitcoin. This asset can generate periodic income, and these returns are distributed to BUCK holders. The current annualized target is about 7%, calculated on a per-minute basis.
BUCK uses a governance token model; holding it allows you to participate in voting on important matters such as profit distribution. The project team explicitly states that this is not a securities issuance. Overall,

The Solana ecosystem continues to attract capital, with Circle minting 1 billion USDC within 24 hours, reaching a total of 1.75 billion by 2025. This demonstrates institutional confidence in Solana and the growing demand for DeFi.

Federal Reserve Board member Milan hinted that this year there could be a rate cut of over 100 basis points, as core inflation approaches the target, indicating easing inflationary pressures. However, tightening policies are still weighing on economic growth. The expectation of rate cuts will improve market liquidity, benefiting the funding environment in the crypto market, but further economic data needs to be monitored.

【Blockchain Rhythms】 Recently, an interesting phenomenon has appeared in the market. Bitcoin remains stable above $93,000, but the flow of funds is quietly changing — funds are withdrawing from the previously hot Meme coins and gradually flowing into tokens with real application scenarios. Among them, AI concept tokens have performed particularly strongly this wave.
The data is here: In the past day, the DeFi index, Metaverse index, and non-Bitcoin composite index all rose by more than 4%. In contrast, the Meme coin index has basically been stagnant or even slightly declining. What does this indicate? The market is beginning to return to rationality, and everyone is looking for assets with solid fundamentals.
Looking at specific stocks: Decentralized GPU computing platform Render Network directly surged 20%, making it the most outstanding performer among the top 100 by market cap. Mid-sized AI tokens like Virtuals Protocol also benefited, with gains exceeding 6%.

【Crypto World】Hyperliquid's performance in 2025 has been quite impressive. The platform's 24-hour trading volume reached $32 billion, more than doubling the $15 billion in 2024, with a growth rate of 113%. Even more remarkable is the open interest—$16 billion, representing a 300% increase compared to last year, indicating that the derivatives business is truly booming.
In terms of ecosystem, the total locked value has surged to $6 billion, a 200% increase; 24-hour protocol revenue has skyrocketed from previous levels to $20 million, with a growth rate of 471%. The user base has grown to 1.4 million, a 367% increase, demonstrating the platform's effectiveness in attracting new users.
Over the past year, Hyperliquid has been busy launching several key features—HyperEVM has enhanced on-chain scalability, and permissionless validators have been integrated.

【Blockchain Rhythm】 Recently, a ridiculous incident occurred in the crypto market. A well-known data statistics website was suddenly found to have a serious bug on January 6th — the market cap of Meme coin BabyDoge was actually calculated as $127.91 trillion, forcibly "surpassing" Bitcoin's $1.87 trillion market cap, once topping the crypto market. You read that right, the 24-hour increase was also recorded as 100,549,628%, which is utterly absurd.
Not only BabyDoge was affected. The same bug also impacted another Meme coin CHEEMS, whose price was incorrectly displayed as $0.00103 (actual price is $0.00000103), artificially pushing its market cap to $194 billion, surpassing USDT and XRP, and temporarily ranking as the 4th project in the crypto market. The 24-hour increase was also exaggerated to 98,132%.
Fortunately, this outrageous bug

Brevis (BREV) will be listed on a certain innovative exchange with the BREV/USDT trading pair. Deposits are now open, and trading will officially start on January 6, 2026. Brevis is a decentralized computing network that breaks through computational bottlenecks, supporting off-chain computation and fast verification.

An emerging contract trading platform has been online for less than 5 months, with open interest surpassing $250 million and a trading volume of $7 billion, growing rapidly, but currently only accounting for 0.1% of the market. At the same time, DeFi project Pendle launched version V2, optimizing the incentive mechanism, demonstrating that the industry is exploring new growth points.

Recently, a new wallet transferred 5 million USDC to HyperLiquid for high leverage trading, but currently has an unrealized loss of approximately $600,000. This whale-level transaction reflects market dynamics and is worth paying attention to its underlying strategy and signals.

The US financial regulatory landscape is changing, with both the SEC and CFTC led by Republican commissioners supporting the development of cryptocurrencies. However, the lack of bipartisan checks and balances makes policy advancement complicated, and congressional discussions on crypto legislation have sparked controversy. The disconnection between regulatory authority and legislative power has become a new phenomenon in cryptocurrency policy formulation.