WEMIX Suffers Unauthorized Minting of 5.22 Million Tokens After Contract Ownership Compromise
According to PANews, WEMIX said that, following an investigation into abnormal transactions, the ownership of a related contract was compromised, allowing an attacker to illicitly mint approximately 5,225,525 WEMIX.
The attacker swapped the amount for about 30,736 WEMIX and 724,198.27 USDC.e. The stolen USDC.e was then bridged to Ethereum and BSC, where it was exchanged into assets including ETH and USDT.
WEMIX said it has traced the attacker’s wallets and fund flows and is requesting freezes from exchanges and stablecoin issuers. The exact cause is still under investigation, and a full review of related contracts is underway.
791.55 Million USDT Transferred From Binance to Unknown Wallet
According to Whale Alert, 791,549,000 USDT, worth about $791,286,998, was transferred from Binance to an unknown wallet.
The transaction was identified on the Solana network. Large-scale stablecoin movements often draw market attention due to possible implications for exchange liquidity, though the purpose of this transfer has not been disclosed.
Blockaid: 450,000 USDT Stolen in Garden HTLC Attack
Blockchain security firm Blockaid said Garden’s hash time-locked contract (HTLC) was exploited, resulting in the theft of about 450,000 USDT across Ethereum, Base, Arbitrum, and BNB Chain.
Garden said on X that it had detected abnormal activity, temporarily suspended the app, and launched a full investigation. More details will be disclosed after the investigation is completed.
Japan’s LDP Proposes Easing 2x Crypto Leverage Cap
According to Odaily, Seiji Kihara, head of the Liberal Democratic Party’s Next-Generation AI and On-Chain Finance Initiative Project Team, proposed easing Japan’s current 2x leverage cap on cryptocurrency trading.
Kihara said the current rules are overly restrictive and argued that liquidity and price discovery are necessary for market development. He added that regulatory easing could help restore liquidity in Japan’s crypto market and encourage capital to return to the country.
Spot Bitcoin ETFs See $33.79 Million in Net Inflows Last Week
Spot Bitcoin ETFs recorded $33.79 million in net inflows last week, marking a third consecutive week of positive flows.
According to PANews, citing SoSoValue data, spot Bitcoin ETFs posted total weekly net inflows of $33.79 million during July 20–24 (U.S. Eastern Time).
Grayscale Bitcoin Mini Trust BTC saw the largest weekly inflow at $85.78 million, followed by ARK 21Shares’ ARKB with $78.73 million in net inflows.
Meanwhile, BlackRock’s IBIT posted the largest weekly net outflow among spot Bitcoin ETFs, with $95.90 million exiting the fund.
Total net assets of spot Bitcoin ETFs stood at $77.82 billion, representing 6.05% of Bitcoin’s total market capitalization. Cumulative net inflows since launch reached $51.39 billion.
Sberbank Plans to Build Digital Asset Trading Infrastructure by Dec. 1
According to Odaily, Sberbank, Russia’s largest bank, plans to establish digital asset trading infrastructure, including a digital depository, by no later than Dec. 1.
The digital depository will record ownership of virtual assets and handle most transactions off-chain, outside major blockchains.
Sberbank also plans to operate active wallets supporting customer deposits, withdrawals, and transfers. Russia has been working to bring crypto trading, custody, and payments into its regulated financial system.
BNY Mellon Plans 24/7 Settlement Service for Tokenized U.S. Treasuries in 2027
BNY Mellon plans to launch a 24/7 settlement service for tokenized U.S. Treasuries in 2027, according to Odaily.
The report said the bank, which manages $62.6 trillion in assets, aims to begin a pilot on a private blockchain by the end of this year.
The initiative aligns with a broader trend in traditional finance toward tokenizing real-world assets such as U.S. Treasuries and adopting blockchain-based settlement infrastructure.
Fidelity Urges U.S. Senate to Pass the CLARITY Act
Fidelity Investments has urged the U.S. Senate to pass the CLARITY Act, according to Odaily.
Citing Bitcoin News, the report said Fidelity emphasized that a clear regulatory framework is necessary to strengthen investor confidence and help the United States maintain leadership in the digital asset industry.
POSCO International and LG CNS Launch Blockchain Pilot for Trade Receivables
POSCO International and LG CNS are conducting a pilot project to record trade receivables on blockchain in order to speed up settlement procedures among global subsidiaries.
According to Odaily, the two companies will place real-time trade receivables on the Injective blockchain to create a single transferable record on a shared ledger, while also applying compliance conditions.
The pilot focuses on reducing reconciliation time among buyers, sellers, and banks. POSCO International plans to explore expansion into real operating environments after the pilot phase.
The project is related to blockchain use cases such as trade finance, stablecoin-based fund transfers, and asset tokenization.
Steak ’n Shake to Add Bitcoin Payment Proceeds to Strategic Reserve
U.S. fast-food chain Steak ’n Shake said it will add Bitcoin payment proceeds to its corporate strategic Bitcoin reserve.
According to PANews, the company said on X that accepting Bitcoin payments can reduce processing fees compared with credit cards, allowing the savings to be reinvested into improving products and services.
The company added that Bitcoin users tend to be highly loyal. The move is drawing attention as another example of Bitcoin payment adoption in the offline retail and restaurant sectors.
![[News Brief] Apr 22, morning | WEMIX Suffers Unauthorized Minting of 5.22 Million Tokens After Contract Ownership Compromise](https://advertise.tokenpost.kr/images/covers/NEWS_BRIEFING_EN.webp)