web3 Research

web3 Research

News

This Week on web3 5min recap

Market information and major news from 2/15~21.

mitsui's avatar
mitsui
Feb 24, 2025
∙ Paid
Share

Good morning.
Mitsui from web3 researcher.

This is a summary article about the web3 market for the last week.We have gathered information from over 20 national and international media outlets and newsletters and have picked out news from them.Please use it to catch up on information and trends!

💥News Pickup
📊Market &News (L1, L2, DeFi, NFT, GameFi, AI, Other)

💥News Pickup

1,Bybit Hacked, Over $1.4 Billion Leaked

  • Singapore-based centralized cryptocurrency exchange Bybit has been hacked, the company's CEO Ben Zou revealed

  • 'The Bybit ETH multisig cold wallet sent money to our warm wallet about an hour ago.This particular transaction appeared to be masked and all signatories saw a masked UI with the correct address and URL from Safe.However, the signature message changed the smart contract logic of our ETH cold wallet," Ben Zhou, co-founder and CEO of Bybit, posted on X

  • He said only the exchange's Ethereum cold wallet was affected and withdrawals were "normal"

  • The ByBit hack is the largest or largest hack of a centralized exchange

2,Monad plans to open public test nets on February 19.

  • Monad Opens Public TestNet as Major Milestone Following Closed TestNet Phase

  • Aiming to open the main net in late 2025

3,Ethernet Foundation Launches "Open Intent Framework" Framework to Improve Interoperability.

画像
  • Open Intents Framework (OIF) announced by the Ethereum Foundation, a new initiative designed to standardize and simplify cross-chain transactions within the Ethereum ecosystem

  • Provides a modular, permission-free system for intent-based execution

  • By allowing users to specify desired outcomes rather than manually executing transactions across multiple L2s, OIF aims to smooth out the rough edges of cross-chain interoperability

  • At the heart of OIF is ERC-7683.This is a standard developed by Across and Uniswap Labs to create a uniform structure for the expression and execution of intent across the growing Ethereum ecosystem.

Keep reading with a 7-day free trial

Subscribe to web3 Research to keep reading this post and get 7 days of free access to the full post archives.

Already a paid subscriber? Sign in
© 2025 mitsui
Privacy ∙ Terms ∙ Collection notice
Start writingGet the app
Substack is the home for great culture