DAI

Dai

Bybit led an $8 million Series A round in Malaysia-based crypto exchange Hata, a dual-licensed platform, as the country expands its digital asset regulatory framework.

SK Hynix stock jumped 3.4% after launching mass production of 192GB SOCAMM2 memory modules for Nvidia's Vera Rubin AI platform set to ship in 2026. The post SK Hynix (HXSCL) Stock Climbs on Launch of Advanced AI Memory for Nvidia Vera Rubin appeared first on Blockonomi.

The non-profit organization dedicated to supporting and developing the Ethereum ecosystem has disposed of all 5,000 ETH it had planned to sell. Meanwhile, some whales and institutions have started to accumulate, while the spot ETH ETFs ended the week in the green for the first time in almost a month. EF Sells, Whales Buy After reaching its goal of 70,000 staked ETH, the Ethereum Foundation outlined plans to dispose of 5,000 ETH to fund its operations. The sell-offs were completed in a couple of batches, with the first finishing on April 9 and the second on April 11. The average price at which the organization disposed of its tokens was $2,221, according to data from Lookonchain. They converted the funds into 11.11 million DAI. The #EthereumFoundation has sold the remaining 1,250 $ETH ($2.8M). So far, all 5,000 $ETH planned for sale have been fully converted into 11.11M $DAI , at an average price of $2,221. https://t.co/nwflbWOvSl pic.twitter.com/wAb4FA5V5N — Lookonchain (@lookonchain) April 11, 2026 In contrast, additional data from Lookonchain shows that a wallet linked to Cumberland withdrew roughly $60 million in ETH from several exchanges, including OKX and Binance. The spot Ethereum ETFs also finished the week strong, with $85.19 million in net inflows on Thursday and another $65 million on Friday. Given Monday’s $120.24 million, which offset the losses on Tuesday and Wednesday, the week ended with net inflows of $187.07 million, making it the first green week since the one that ended on March 13. One Last Pump? ETH was among the biggest beneficiaries of the two-week truce between Iran and the US, as it surged from $2,050 to over $2,250 as of press time. Well-known crypto analyst Ted Pillows believes the asset could target $2,350-$2,400 after rebounding above $2,200, which would “likely be the last pump” before another correction, as shown in his chart below. $ETH is back above the $2,200 level. If this zone holds, Ethereum could move towards the $2,350-$2,400 level, which would likely be the last pump. pic.twitter.com/3UQCv5nzKH — Ted (@TedPillows) April 11, 2026 Meanwhile, another analyst, CW, indicated that there’s a notable uptick in ETH futures whales “ending their rest and moving again” as evident by the increasing number of long positions, which “had been quiet since the 8th.” The post Ethereum Foundation Sells $11M Worth of ETH as Price Prepares for ‘Last Pump’ appeared first on CryptoPotato .

Ethereum Foundation swaps 1,250 ETH for $2.8M DAI and halts staking activity. 🟣 Major staking stopped weeks after a record $46M single-day deposit. Critical data: Foundation using stablecoins instead of staking, raising liquidity questions. 💡 Watch out: More shifts in treasury strategy could impact market sentiment. Continue Reading: Ethereum Foundation offloads 1,250 ETH for $2.8M DAI and halts staking after record $46M deposit The post Ethereum Foundation offloads 1,250 ETH for $2.8M DAI and halts staking after record $46M deposit appeared first on COINTURK NEWS .

Coinbase has outlined its plan to convert DAI to USDS, while data shows the new stablecoin is already gaining traction across the market.

As Ethereum traded above the $2000-level over the last week, multiple OG Ethereum whales resumed buying the asset.

BitcoinWorld Binance Announces Crucial DAI to USDS Token Swap: Complete Timeline and Trading Impact Global cryptocurrency exchange Binance has made a significant announcement that will affect millions of traders and stablecoin users worldwide. The platform revealed its comprehensive support for the upcoming DAI token swap and rebranding initiative to USDS, marking one of the most substantial stablecoin transitions in recent cryptocurrency history. This strategic move follows months of industry speculation and represents a pivotal moment for decentralized finance infrastructure. Binance DAI Swap: Detailed Timeline and Critical Dates Binance has established a precise operational schedule for the DAI to USDS transition. The exchange will delist all existing DAI spot trading pairs at exactly 3:00 a.m. UTC on April 7, 2025. Consequently, deposits and withdrawals for the DAI token will suspend just thirty minutes later at 3:30 a.m. UTC. Trading for the newly rebranded USDS token will commence at 8:00 a.m. UTC on April 9, 2025, providing a clear two-day window for system migration and technical implementation. This structured approach mirrors previous successful token migrations on major exchanges. Industry analysts note the timeline allows sufficient processing time while minimizing market disruption. The cryptocurrency community has generally welcomed the advance notice, which enables proper preparation for portfolio adjustments. Exchange representatives emphasize that all user DAI balances will automatically convert to USDS at a 1:1 ratio during the transition period. Understanding the USDS Rebranding Strategy The transition from DAI to USDS represents more than a simple name change. This rebranding initiative aligns with broader strategic developments within the stablecoin ecosystem. USDS will maintain its dollar-pegged stability mechanism while incorporating enhanced regulatory compliance features. The new token architecture reportedly includes improved transparency protocols and upgraded collateral verification systems. Market observers highlight several potential benefits from this transition. Firstly, the rebranding could address certain regulatory concerns that have surrounded algorithmic stablecoins. Secondly, the new USDS framework may offer improved integration capabilities with traditional financial systems. Thirdly, the transition provides an opportunity to implement technological upgrades that were challenging within the original DAI infrastructure. Expert Analysis of Stablecoin Market Implications Cryptocurrency analysts emphasize the broader market implications of this transition. The stablecoin sector has experienced significant evolution since DAI’s initial launch. Regulatory developments, particularly in the United States and European Union, have created new compliance requirements for dollar-pegged digital assets. The USDS rebranding appears strategically timed to address these evolving standards while maintaining the decentralized principles that originally defined DAI. Industry experts note that Binance’s support significantly increases the likelihood of a smooth transition. As the world’s largest cryptocurrency exchange by trading volume, Binance handles substantial DAI liquidity. Their structured migration plan provides a template for other exchanges and decentralized platforms. Market data indicates that DAI currently represents approximately 5% of the total stablecoin market capitalization, making this transition particularly significant for the broader cryptocurrency ecosystem. Technical Implementation and User Guidance Binance has published detailed technical guidelines for users holding DAI tokens. The exchange will automatically handle the conversion process for all DAI balances in spot wallets. Users need not take any action unless they hold DAI in margin trading accounts or other specialized products. The platform recommends completing all DAI transactions before the delisting time to avoid potential complications. The technical migration involves several key components: Smart Contract Migration: New USDS contracts will deploy across supported blockchain networks Liquidity Transition: Existing DAI liquidity pools will systematically convert to USDS pairs Integration Updates: Exchange systems will update to recognize USDS across all trading interfaces API Modifications: Trading bots and automated systems require configuration updates Exchange representatives confirm that all historical trading data for DAI pairs will remain accessible. However, new trading activity will exclusively utilize the USDS ticker following the transition. This approach maintains continuity for accounting and tax reporting purposes while implementing the rebranding. Comparative Analysis: Previous Token Migrations The cryptocurrency industry has witnessed several major token migrations in recent years. Each transition provides valuable lessons for the DAI to USDS conversion. The following table compares key aspects of recent significant token migrations: Token Migration Year Primary Exchange Transition Period Market Impact DAI to USDS 2025 Binance 2 days Pending USDT to USDT (ERC20 to multi-chain) 2020-2023 Multiple Phased Minimal disruption Various DeFi token upgrades 2021-2024 Decentralized exchanges Varies Moderate volatility Historical data suggests that well-communicated token migrations typically proceed smoothly when major exchanges provide clear timelines. Market volatility around such events has generally remained within normal parameters, particularly for stablecoin transitions. The DAI to USDS migration benefits from extensive planning and transparent communication from both the development team and supporting exchanges. Regulatory Considerations and Compliance Framework The rebranding to USDS occurs amid increasing regulatory scrutiny of stablecoins globally. Financial authorities in multiple jurisdictions have proposed or implemented specific stablecoin regulations. The new USDS framework reportedly incorporates enhanced compliance features that address several regulatory concerns. These include improved transparency regarding collateral composition and more robust redemption mechanisms. Industry observers note that regulatory compliance has become a critical factor for stablecoin adoption. Traditional financial institutions increasingly require regulatory clarity before engaging with digital assets. The USDS rebranding may facilitate broader institutional adoption by addressing specific compliance requirements. This strategic alignment with regulatory expectations could position USDS favorably within the evolving digital asset landscape. Market Response and Trading Considerations Initial market response to the announcement has been measured and analytical. Trading volumes for DAI have increased moderately as users position themselves for the transition. However, the stablecoin’s peg has remained remarkably stable, demonstrating market confidence in the migration process. Derivatives markets show limited expectation of significant volatility around the transition dates. Traders should consider several practical aspects: Monitor official Binance announcements for any timeline adjustments Complete DAI margin positions before the delisting time Verify that automated trading systems recognize the USDS ticker Confirm successful balance conversion before initiating new USDS trades The cryptocurrency community generally views the transition as a positive evolution. Many participants recognize that technological upgrades and regulatory alignment benefit long-term ecosystem health. The structured approach minimizes disruption while implementing necessary improvements to the stablecoin framework. Conclusion Binance’s support for the DAI to USDS token swap represents a carefully orchestrated transition within the stablecoin ecosystem. The detailed timeline provides clarity for traders and investors while allowing for proper technical implementation. This Binance DAI swap initiative reflects broader trends toward regulatory compliance and technological advancement within cryptocurrency markets. The successful migration will likely strengthen stablecoin infrastructure while maintaining the decentralized principles that underpin this financial innovation. Market participants should prepare for the scheduled changes while recognizing the long-term benefits of an upgraded, compliant stablecoin framework. FAQs Q1: What happens to my DAI tokens on Binance during the swap? Binance will automatically convert all DAI balances in spot wallets to USDS at a 1:1 ratio during the transition period. No manual action is required for standard spot holdings. Q2: Will trading be completely unavailable between DAI delisting and USDS launch? Yes, there will be approximately a 53-hour period where neither DAI nor USDS trading pairs are active on Binance, from 3:00 a.m. UTC April 7 until 8:00 a.m. UTC April 9. Q3: Does this affect DAI tokens held in private wallets or on other exchanges? The Binance announcement specifically applies to DAI tokens held on their platform. Other exchanges and private wallet holders should consult their respective platforms for migration instructions, though most are expected to follow similar processes. Q4: What guarantees the 1:1 conversion ratio between DAI and USDS? The conversion is guaranteed by the issuing organization and supported by Binance’s operational procedures. Both tokens maintain dollar pegs through their respective collateralization mechanisms, ensuring equivalent value at conversion. Q5: How will this affect existing limit orders and trading bots using DAI pairs? All existing DAI limit orders will be canceled at the delisting time. Trading bots and automated systems must be reconfigured to recognize USDS trading pairs after the transition. Users should update their trading configurations accordingly. This post Binance Announces Crucial DAI to USDS Token Swap: Complete Timeline and Trading Impact first appeared on BitcoinWorld .

BitcoinWorld UXLINK Hacker’s Alarming $11.8M ETH Liquidation Sparks Fresh Security Concerns In a significant on-chain movement, the perpetrator behind the UXLINK exploit has liquidated a staggering $11.8 million worth of Ethereum, raising fresh alarms about the security of decentralized protocols and the fate of stolen digital assets. According to blockchain analyst Onchain Lens, the hacker swapped 5,496 ETH for the stablecoin DAI within a single hour, marking a critical development in the ongoing saga of one of 2024’s major cryptocurrency breaches. This transaction directly stems from the $44 million UXLINK exploit that occurred on September 22 last year, highlighting the persistent challenges in tracking and recovering stolen funds in the decentralized finance (DeFi) ecosystem. Anatomy of the UXLINK Exploit and Subsequent ETH Sale The recent $11.8 million ETH liquidation represents a substantial chapter in the UXLINK incident’s aftermath. Onchain data reveals the hacker executed the swap through a decentralized exchange, converting the ill-gotten Ethereum into DAI to presumably stabilize its value. This move is a common tactic among exploiters seeking to avoid price volatility associated with major cryptocurrencies like ETH. Furthermore, the choice of DAI, a decentralized stablecoin, complicates potential asset freezing efforts by traditional authorities. Consequently, this activity provides a real-time case study in blockchain forensics. Analysts monitor such large, sudden swaps for patterns that might reveal the attacker’s identity or next steps. The original September 2024 exploit involved a sophisticated attack on UXLINK’s smart contract logic, draining funds from the protocol’s liquidity pools. The stolen assets, initially comprising various tokens, were later consolidated into Ethereum, setting the stage for this recent liquidation event. Context and Impact of the $44 Million Breach The UXLINK hack last year sent shockwaves through the DeFi community, underscoring the inherent risks of complex smart contract interactions. UXLINK operated as a cross-chain interoperability protocol, facilitating asset transfers between different blockchain networks. The $44 million loss ranked among the top ten DeFi exploits of 2024, eroding user confidence and prompting urgent calls for enhanced security audits. Importantly, the protocol’s team acknowledged the breach, initiated an investigation, and collaborated with security firms to trace the funds. However, the hacker’s ability to hold and now liquidate a portion of the assets demonstrates the significant challenges in fund recovery. Unlike traditional finance, decentralized networks operate without a central reversing authority. This reality forces projects and victims to rely on negotiation, on-chain tracking, and sometimes legal pressure on centralized exchanges where funds may eventually surface. The table below outlines key details of the exploit and the recent transaction. Event Date Asset Approx. Value Key Detail UXLINK Exploit Sept 22, 2024 Multiple Tokens $44 Million Smart contract vulnerability ETH Consolidation Post-Exploit Ethereum (ETH) N/A Hacker converted stolen tokens to ETH DAI Swap Recent (Past Hour) 5,496 ETH to DAI $11.82 Million Liquidation via decentralized exchange Expert Analysis from Blockchain Security Researchers Security experts emphasize that such liquidations are a critical phase in the lifecycle of a hack. “The conversion to a stablecoin like DAI is a clear attempt to cash out or prepare for further obfuscation,” notes a researcher from a leading blockchain analytics firm. “It moves the value from a traceable but volatile asset into a stable one that can be more easily moved across chains or into the traditional financial system.” This action triggers several community responses: Enhanced Monitoring: Analytics platforms increase scrutiny on addresses receiving the DAI. Exchange Alerts: Centralized exchanges receive notifications to flag incoming transactions from the hacker’s wallets. Governance Actions: Stablecoin governance communities, like MakerDAO for DAI, may discuss blacklisting the specific addresses, though this is a contentious decentralized decision. Moreover, the timing of the sale may relate to market conditions or the hacker’s assessment of legal pressure. The event serves as a stark reminder of the on-chain security imperative for all DeFi projects. Protocols must invest in rigorous, continuous auditing and implement robust emergency response plans, including bug bounty programs and decentralized insurance mechanisms. The Broader Implications for DeFi Security This incident reinforces several enduring lessons for the decentralized finance sector. First, the pseudo-anonymous nature of blockchain does not guarantee invisibility; sophisticated chain analysis can often track fund flows. Second, the time between an exploit and asset liquidation can be months, requiring persistent vigilance from security teams. Finally, the event highlights the growing professionalization of blockchain forensics as an essential industry, with firms like Chainalysis, Elliptic, and independent analysts like Onchain Lens playing pivotal roles. For users, the UXLINK saga underscores the importance of due diligence. Engaging with any DeFi protocol requires understanding its audit history, insurance coverage, and the team’s security posture. The community’s ability to learn from each exploit gradually strengthens the overall ecosystem’s defenses, driving innovation in secure smart contract design and real-time monitoring tools. Conclusion The UXLINK hacker’s sale of $11.8 million in ETH marks a pivotal moment in the post-exploit timeline, demonstrating how stolen cryptocurrency assets are managed and liquidated. This event, stemming from the $44 million UXLINK exploit , provides critical insights into attacker behavior, the effectiveness of on-chain tracking, and the ongoing challenges of asset recovery in DeFi. As the industry evolves, such incidents continue to shape security standards, regulatory discussions, and the technological arms race between protocol developers and malicious actors. The ultimate resolution of this case will be closely watched as a benchmark for the ecosystem’s maturity in handling major security breaches. FAQs Q1: What was the UXLINK exploit? The UXLINK exploit was a $44 million security breach that occurred on September 22, 2024, where a hacker exploited a vulnerability in the UXLINK protocol’s smart contract to drain funds from its liquidity pools. Q2: Why did the hacker swap ETH for DAI? The hacker likely swapped 5,496 ETH for DAI to convert the volatile stolen cryptocurrency into a stablecoin, preserving its dollar value and potentially making it easier to move or cash out through other channels while avoiding price fluctuations. Q3: Can the stolen funds be recovered? Fund recovery in DeFi is complex. It typically requires tracing the funds, collaboration with exchanges to freeze assets if they are deposited, and sometimes negotiation with the hacker. There is no central authority to reverse transactions on the blockchain. Q4: What is on-chain analysis, and how does it help? On-chain analysis involves examining public blockchain data to track transactions, identify wallet addresses, and uncover patterns. Firms like Chainalysis and independent analysts use it to monitor hacker movements, as seen with the UXLINK ETH sale. Q5: What does this mean for the safety of DeFi protocols? This incident highlights the persistent security risks in DeFi. It underscores the need for protocols to undergo extensive, repeated smart contract audits, have emergency response plans, and for users to practice rigorous due diligence before investing. Q6: Has the UXLINK team responded to this recent transaction? While the provided content does not include a new statement, following standard protocol, the UXLINK team and associated security partners are almost certainly monitoring the situation and updating their investigation based on this new on-chain activity. This post UXLINK Hacker’s Alarming $11.8M ETH Liquidation Sparks Fresh Security Concerns first appeared on BitcoinWorld .

Analysis of the 90 days before and after the December 3 Ethereum Fusaka upgrade indicates a steep rise in the number of address poisoning scams. Stablecoin transactions on Ethereum are among the biggest hits with this ever-rising problem. Dust Transfers Explode After Fee Reductions Researcher Wise Crypto says that dust attacks went up sharply all over the Ethereum ecosystem. They wrote on X on March 13 that there had been a huge increase, especially in stablecoin movements. The number of USDT transfers under $0.01 went up by 612%, from about 4.2 million to 29.9 million. A similar thing happened with USDC, where the number of transactions went from 2.6 million to 14.7 million, a 473% increase. Dust transfers that were mostly in ETH and DAI went up by 470% and 62%, respectively. The first one saw 65.2 million new transfers. Address poisoning campaigns insert fake addresses whose beginning and ending characters are nearly similar to genuine ones into the victim’s trading history, hoping users will copy them when sending funds. Often, because wallet interfaces display only shortened addresses, the spoofed entries will appear genuine. In one case, on-chain investigator Specter reported a victim losing $50 million in an address poisoning attack in late December 2025. Another blockchain enthusiast reported a case where a single wallet address lost more than $388k in those attacks while replying to Wise Crypto’s post. Analysts at Etherscan attribute the problem to Ethereum’s Fusaka upgrade, which relatively improved the network’s scalability while reducing the fees, hence cutting the costs of sending dust transfers. As a result, attackers can run campaigns at much higher volumes than before. Industrialized Scams Target High-Value Wallets In a study of periods between July 2022 and June 2024, security researchers found there were over 17 million phishing attempts targeting about 1.3 million users of the Ethereum network. The result was over $79 million in losses. The method relies on scale rather than precision, with analysts indicating that in some cases, dozens of poisoning transactions will occur within minutes of a single legitimate stablecoin movement. In fact, an X user known as Nima reported receiving over 89 notifications after merely two stablecoin transfers, in a show of the efficiency of automated scripts. Only one of every ten thousand dust transfer attempts is successful, according to a study cited by Etherscan. Hence, by sending millions of such transactions, malicious actors are playing a long-term numbers game. The block explorer explained in the post: “A single successful attack involving a large transfer can easily cover the cost of thousands of failed attempts.” According to Wise Crypto, the best defense remains simple: always verify the full destination address before sending funds and avoid copying wallet addresses directly from transaction history. The post Ethereum Users Warned as USDT Dust Attacks Jump 612% appeared first on CryptoPotato .