Core Insights - DeFi Development Corp. has published a comprehensive analysis highlighting Solana's superior performance in 2025, showcasing its dominance over other smart contract platforms [1] Group 1: Performance Metrics - Solana processed approximately 33.1 billion transactions in 2025, representing a 28% year-over-year increase, surpassing all other major blockchains combined [2] - The network averaged over 1,100 transactions per second, a 34% increase from 2024 [2] - Solana added approximately 1 billion new wallets in 2025, marking a ~50% year-over-year growth, more than all other major chains combined [2] - The decentralized exchange (DEX) volume on Solana reached $1.57 trillion, up 126% year-over-year, exceeding Ethereum's volume of approximately $946 billion [2][4] Group 2: Developer and Economic Activity - Solana hosted around 10,753 active developers in 2025, a 41% increase year-over-year, surpassing Ethereum's developer count [2] - The network generated approximately $1.41 billion in onchain fees, outpacing Ethereum despite lower fee levels [3] - Solana's Fee Stability Ratio (FSR) scored roughly 743, indicating significantly lower median transaction fees and volatility compared to peers [3] Group 3: Tokenized Markets - Following the launch of tokenized equities on Solana, the network processed approximately $2.9 billion in tokenized stock volume within six months, more than any other chain [4] Group 4: Company Strategy - DeFi Development Corp. has adopted a treasury policy that allocates its principal holding to SOL, providing investors with direct economic exposure to Solana while participating in its ecosystem growth [5] - The company operates its own validator infrastructure, generating staking rewards and fees from delegated stake, and is engaged in decentralized finance opportunities [5]

Core Insights - DeFi Development Corp. has published a comprehensive analysis highlighting Solana's superior performance in 2025, showcasing its dominance over other smart contract platforms [1] Group 1: Performance Metrics - Solana processed approximately 33.1 billion transactions in 2025, representing a 28% year-over-year increase, surpassing all other major blockchains combined [2] - The network averaged over 1,100 transactions per second, a 34% increase from 2024 [2] - Solana added approximately 1 billion new wallets in 2025, a ~50% year-over-year increase, outpacing every other major chain [2] - The decentralized exchange (DEX) volume on Solana surged to $1.57 trillion, up 126% year-over-year, exceeding Ethereum's volume of approximately $946 billion [2] Group 2: Developer and Economic Activity - Solana hosted approximately 10,753 active developers in 2025, a 41% year-over-year increase, surpassing Ethereum's developer count [2] - The network generated approximately $1.41 billion in onchain fees, surpassing Ethereum, despite lower fee levels [3] - Solana's Fee Stability Ratio (FSR) scored roughly 743, indicating significantly lower median transaction fees and volatility compared to peers [3] Group 3: Tokenized Markets - Following the launch of tokenized equities on Solana, the network processed approximately $2.9 billion in tokenized stock volume within six months, more than any other chain [4] Group 4: Company Strategy - DeFi Development Corp. has adopted a treasury policy that allocates its principal holding to SOL, providing investors with direct economic exposure to Solana while participating in its ecosystem growth [5]

Core Insights - Moss Genomics Inc. has successfully mined its first block on the Bitcoin Cash blockchain, specifically block 931,986, using its proprietary mining infrastructure [1][2] - This milestone marks the company's entry into the Bitcoin ecosystem, with a focus on becoming a long-term builder in this space [2] - The CEO of Moss Genomics emphasized the alignment of the company's operating business and treasury strategy, viewing the BCH mining initiative as a significant first step in a broader strategy [3] Company Overview - Moss Genomics operates at the intersection of genomics and blockchain technology, aiming to advance decentralized and privacy-preserving genomics through real-world applications in health, identity, and research [3] - The company's digital asset treasury is utilized to fund development and future platform operations, indicating a strategic approach to resource allocation [3]

Core Insights - The 2025 Blockchain Security and Anti-Money Laundering Annual Report by SlowMist highlights the rapid development of the blockchain industry, which faces complex security and compliance challenges. Although the number of security incidents decreased compared to 2024, the total losses increased significantly, indicating a shift in the nature of threats and regulatory responses [1][10]. Group 1: Security Landscape - In 2025, there were 200 security incidents in the blockchain sector, resulting in approximately $2.935 billion in losses, a 46% increase in loss amount compared to 2024, despite a reduction in incident count [12][13]. - Ethereum, BSC, and Solana were the most attacked ecosystems, with losses of approximately $254 million, $21.93 million, and $17.45 million respectively [18]. - DeFi projects accounted for 63% of all security incidents, with 126 events leading to losses of about $649 million, while centralized exchanges experienced only 12 incidents but incurred losses of $1.809 billion, primarily due to the Bybit incident, which alone accounted for $1.46 billion [22][28]. Group 2: Fraud Techniques - Fraud techniques have evolved to become more complex and hidden, with phishing attacks now incorporating system commands and wallet permissions. New methods include Clickfix phishing, wallet owner permission tampering, and EIP-7702 authorization abuse [2][39]. - Social engineering attacks have become more frequent, utilizing tactics such as fake job interviews and selling counterfeit hardware wallets to manipulate victims [2]. - The use of AI technology has lowered the barrier for attackers, enabling deep forgery and the generation of deceptive content, which increases the effectiveness of scams [2][39]. Group 3: Anti-Money Laundering (AML) Developments - The global regulatory landscape for anti-money laundering has shifted from exploratory to more defined rules, with many countries accelerating the implementation of AML/CFT frameworks and conducting cross-border enforcement actions [2][10]. - Significant progress has been made in freezing and recovering funds, with Tether and Circle freezing substantial amounts of assets linked to criminal activities. A total of 18 incidents resulted in the recovery or freezing of funds, amounting to 13.2% of total losses [2][10]. Group 4: Cybercrime Ecosystem - The cybercrime ecosystem has become more organized, with groups like North Korean hackers and others employing sophisticated methods to create complex money laundering networks [3][10]. - Ransomware and information-stealing malware have proliferated through MaaS/RaaS models, with LockBit and LummaC2 being notable examples [3]. - Regulatory clarity around privacy tools and mixing services is increasing, with authorities differentiating between technical attributes and criminal uses, leading to intensified enforcement against operators that facilitate money laundering [3]. Group 5: Future Outlook - The report emphasizes that the security capabilities, compliance systems, and on-chain monitoring response capabilities will be critical for the sustainable development of the blockchain industry. Balancing technological innovation with compliance and security will remain a significant challenge for the industry in the long term [3][10].

Core Message - Ethereum is positioning itself as a "rebellion" against centralized control in technology, aiming to build decentralized applications that operate without fraud, censorship, or third-party interference [1][3]. Group 1: Ethereum's Vision and Market Context - Co-founder Vitalik Buterin emphasizes that Ethereum seeks to be "civilisational infrastructure" that can resist censorship and corporate dominance, contrasting with the increasing centralization in the tech industry [1][2]. - The top seven US tech companies, referred to as the "Mag 7," have a combined market value exceeding that of the stock markets of Japan, Canada, and the UK, highlighting the concentration of power in the industry [3]. - Despite Ethereum's decentralized ethos, traditional financial institutions and fintechs are utilizing the Ethereum blockchain for stablecoin projects, indicating a blend of centralization within a decentralized framework [3]. Group 2: Ethereum's Market Performance - Ethereum is currently trading approximately 40% below its all-time high of $4,950 reached in August, with significant sell-offs in Ethereum ETFs totaling $616 million in December and $1.4 billion in November [4]. - The tech-heavy Nasdaq-100 index remains near all-time highs, contrasting with Ethereum's recent performance [4]. - Institutional support for Ethereum remains strong, with figures like Tom Lee predicting a positive outlook for Ethereum in 2026, linking its potential to movements in the gold market [5]. Group 3: Current Market Data - As of the latest data, Bitcoin is trading at $89,135, reflecting a 1.7% increase over the past 24 hours, while Ethereum is trading at $3,040, up 2% in the same timeframe [6].

Overview - The core viewpoint of the report highlights the severe security situation in the Web3 blockchain space in 2025, with total losses reaching $3.375 billion due to hacking, phishing scams, and Rug Pull incidents, with hacking accounting for over 94% of the losses [1][13]. Group 1: Total Losses and Incident Overview - Total losses in 2025 amounted to $3.375 billion, with 313 major security incidents reported [1][13]. - Hacking incidents caused losses of approximately $3.187 billion, representing 94% of total losses [1][13]. - Centralized exchanges (CEX) were particularly affected, suffering $1.765 billion in losses from 9 attacks, which is 52.3% of the total losses [1][25]. - DeFi projects experienced the second-highest losses at $621 million, but were the most frequently attacked with 91 incidents [1][17]. Group 2: Attack Methods and Notable Incidents - The most common attack method was exploiting contract vulnerabilities, with 62 out of 191 incidents (32.46%) attributed to this method, leading to significant losses [2][32]. - The largest single loss was from a supply chain attack on Bybit, resulting in $1.44 billion lost, which accounted for 42.67% of total losses [2][18]. - Notable incidents included: - Cetus Protocol lost $224 million due to a contract vulnerability [2][39]. - Balancer suffered a loss of $116 million from a price calculation error [2][43]. - Stream Finance lost $93 million due to asset misappropriation [2][19]. Group 3: Chain-Specific Losses - Ethereum remained the most affected blockchain, with 170 incidents leading to losses of $2.254 billion, which is 66.79% of total losses [1][29]. - BNB Chain followed with 64 incidents causing approximately $89.82 million in losses [1][31]. - Base and Solana also reported significant incidents, with 20 and 19 incidents respectively [1][31]. Group 4: Future Threats and Recommendations - The report indicates that future threats will include AI-driven phishing attacks, supply chain risks, and physical coercion [2][51]. - It emphasizes the need for a multi-layered defense system that encompasses technology, awareness, and collaboration to mitigate these risks [2][51].

Core Points - Immutable Holdings Inc. held its Annual General and Special Meeting of Shareholders on December 31, 2025, where key decisions were made regarding the company's governance and operations [1] Group 1: Election of Directors - All nominees for election as directors were successfully elected for the upcoming year or until their successors are appointed [2] Group 2: Reappointment of Auditors - Shareholders approved the reappointment of Richter LLP as auditors for the next year and authorized the directors to determine the auditors' remuneration and engagement terms [3] Group 3: Renewal of Stock Option Plan - A resolution to renew the Corporation's rolling stock option plan was ratified and confirmed by shareholders, as detailed in the management information circular [4] Group 4: Company Overview - Immutable Holdings is a blockchain holding company focused on enhancing awareness, access, and adoption of digital assets, with ventures in asset management, NFTs, media, and education [5]

Core Points - Immutable Holdings Inc. announced the voting results from its Annual General and Special Meeting of Shareholders held on December 31, 2025 [1] Group 1: Election of Directors - All nominees for election as directors were elected for the upcoming year or until their successors are appointed [2] Group 2: Reappointment of Auditors - Shareholders approved the reappointment of Richter LLP as auditors for the upcoming year and authorized the directors to fix the auditors' remuneration and terms of engagement [3] Group 3: Renewal of Stock Option Plan - Shareholders ratified and confirmed the renewal of the Corporation's rolling stock option plan as detailed in the management information circular [4] Group 4: Company Overview - Immutable Holdings is focused on building businesses and products that enhance awareness, access, and adoption of digital assets, with ventures in asset management, NFTs, media, and education [5]

Core Viewpoint - SOL Strategies Inc. is restructuring its balance sheet by converting 50% of its outstanding credit facility into equity, which reflects the lender's confidence in the company's business model focused on the Solana ecosystem [1][3]. Group 1: Credit Facility Details - The Amended Credit Facility allows for 50% of the outstanding balance to convert to equity at a price of C$2.14 per common share, resulting in the issuance of 2,300,726 common shares [2]. - The remaining balance of the credit facility will be repaid in two cash tranches of C$2,461,777.12 each, due within seven and forty-five days respectively [2]. Group 2: Management Commentary - The Interim CEO, Michael Hubbard, stated that this restructuring optimizes the capital structure and is a significant milestone in reducing liabilities [3]. - The conversion of half of the facility to equity demonstrates the lender's continued trust in the company's Solana infrastructure business [3]. Group 3: Related Party Transaction - The lender, Antanas Guoga, is a former Board Chairman and significant shareholder, holding approximately 13% of the company's outstanding common shares on an undiluted basis [3]. - The transaction is classified as a "related party transaction" under Multilateral Instrument 61-101, and the company is relying on exemptions from formal valuation and minority shareholder approval requirements [3]. Group 4: Reporting and Compliance - The company did not file a material change report 21 days prior to agreeing to the Amended Credit Facility, as it deemed it in its best interest to settle the terms without delay [4]. - A material change report will be filed containing all prescribed disclosures related to this related party transaction within the required timeframe [4].

Core Insights - Base's promotional strategy for creator tokens has faced backlash from some developers due to its close association with the NFT market Zora [1] - The issuance of creator tokens promoted by Zora led to a significant increase in Base's daily token minting volume, surpassing Solana in August and enhancing on-chain activity [1] - Several native projects on Base believe that the official market and social resources are overly concentrated on Zora-related narratives, neglecting other projects with established user bases and historical contributions, which undermines their incentives to continue building on Base [1]