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Your Weekend Crypto Roundup | April 2025 (Week 3)

18 April 2025
in Markets
Reading Time: 8 mins read
103 6
Home Markets

Contents

Toggle
  • Biggest Story
  • Other News Making Waves
  • Around the World: Bold Moves and Crypto Regulations
  • Market Trends: Winners and Losers
    • Top 5 Gainers 📈
    • Top 5 Losers 📉
  • Project Spotlight

Hello, Crypto fam!

 

It’s Easter season, but the crypto space isn’t taking a holiday, and neither are we. As always, we’re here with the hottest headlines. This week’s biggest story? KiloEx gets drained of $7.4 million in a cross-chain exploit. Plus, major phishing scams, Solana memecoin wars, and a sharp drop in Ethereum gas fees. First time reading? Subscribe to stay plugged in. 

Happy Easter and trade safely!

Biggest Story

KiloEx Loses $7.4M in Cross-Chain Exploit 

Decentralized perpetual trading platform KiloEx has suffered a $7.4 million cross-chain exploit, adding to what is already the worst quarter on record for crypto hacks. The breach, detected on April 14 by Cyvers Alerts, was carried out via a wallet funded through Tornado Cash. Attackers exploited a vulnerability in KiloEx’s price oracle access controls, manipulating the ETH/USD feed to drain funds across Base, Taiko, and BNB Chain.

KiloEx has since halted operations and is working with security firms and partners like BNB Chain and Manta Network to trace the attacker, who is reportedly using bridges like zkBridge and Meson to move funds.

Other News Making Waves

  • A new phishing scam exploits Google’s infrastructure, tricking users with fake law enforcement alerts and bypassing standard email security. (More)
  • Raydium hits back at Pump.fun with its new memecoin platform, LaunchLab, offering fee-free token creation and incentives for creators. RAY surged 14% on launch, intensifying Solana memecoin wars. (More)
  • Ethereum gas fees drop to a five-year low amid declining network activity and economic uncertainty. The upcoming May 7 Pectra upgrade promises further fee reductions and major validator changes. (More)
  • Binance, once under heavy U.S. scrutiny, is now advising governments on crypto strategy and national Bitcoin reserves. CEO Richard Teng says multiple countries have sought their help shaping digital asset policies. (More)
  • Italy’s Economy Minister warns US dollar-backed stablecoins pose a bigger threat to Europe than trade tariffs, potentially weakening the euro’s role in global payments. (More)
  • A hacker took over UK MP Lucy Powell’s verified X account to promote a fake Solana token called “House of Commons Coin.” The scam failed to gain traction but adds to a rising trend of political figures being targeted in crypto-related frauds. (More)
  • Phantom Wallet is being sued for allegedly allowing hackers to exploit a known vulnerability, resulting in the theft of $500K in Wiener Doge tokens. Plaintiffs claim the company prioritized profits over security and accuse OKX of aiding the damage. (More)
  • Arthur Cheong of DeFiance Capital slams crypto market manipulation, accusing projects and market makers of inflating token prices behind the scenes. (More)
  • First Digital Labs releases an attestation report confirming FDUSD’s full backing after fraud allegations from Tron founder Justin Sun. (More)
  • Odin.fun halted all trading and withdrawals after CEO Bob Bodily’s account was hacked, sparking panic and a steep memecoin selloff. (More)
  • Abu Dhabi’s FSRA fined crypto firm Hayvn and ex-CEO Christopher Flinos over $12 million for AML breaches, fraudulent schemes, and unlicensed operations, revoking Hayvn’s license and banning Flinos permanently. (More)
  • Commerce Secretary Lutnick confirmed that the U.S. reciprocal tariff exemption on electronics is temporary, stressing a pivot to long-term sector-specific tariffs targeting semiconductors and national security goods. (More)

Around the World: Bold Moves and Crypto Regulations

  • Russia considers launching a national stablecoin to counter U.S. sanctions and crypto freezes, aiming to protect its financial infrastructure. (More)
  • The UAE Central Bank approves Web3 insurance solutions, marking a major step in blockchain integration in financial services. (More)
  • Swedish lawmakers urge the finance ministry to include Bitcoin in national reserves, proposing the use of seized crypto assets for a budget-neutral strategy. (More)
  • Oklahoma’s Strategic Bitcoin Reserve Act fails in Senate committee, halting plans to invest state funds in crypto assets. (More)
  • South Korean candidate Hong Joon-pyo vows to deregulate crypto markets like the Trump era to boost blockchain growth. (More)
  • Canada approves the world’s first spot Solana ETFs with staking rewards, these funds will hold real SOL tokens, offering direct exposure and highlighting a leap in crypto investment innovation. (More)

Market Trends: Winners and Losers

Top 5 Gainers 📈

According to data from CoinGecko, these are the five biggest gainers of the week:

  • ArbDoge AI +290.2%, from $0.000000000071115 to $0.000000000277524
  • MANEKI USD +258.3%, from $0.00099088 to $0.00355073
  • PumpBTC +303.3%, from $0.03967841 to $0.160139
  • LOFI +121.9%, from $0.00839446 to $0.01862703
  • Rei +156.4%, from $0.01386590 to $0.03556214 

Top 5 Losers 📉

According to data from CoinGecko, the five biggest losers of the week are:

  • MANTRA –89.0%, from $6.42 to $0.706144
  • BBAChain –22.1%, from $0.214495 to $0.167015
  • MetFi –44.2%, from $0.445895 to $0.249017
  • MMX –19.4%, from $0.314046 to $0.253091
  • deBridge –17.9%, from $0.02287130 to $0.01877617 

Project Spotlight

Celestia Unveils Mamo-1 Testnet to Push Blockchain Scalability Limits

Celestia’s launch of the mamo-1 testnet marks a pivotal step in modular blockchain scalability. Capable of handling 128MB blocks every six seconds, it simulates real-world data demands while optimizing network efficiency through its new Vacuum! Protocol. By opening access to the public and integrating a full data availability layer, mamo-1 strengthens support for light nodes and high-throughput applications. This testnet is vital for pushing Celestia closer to its 1GB block goal, reinforcing its position as a leader in the data availability space amid rising competition. It’s a major leap forward for scalable, modular blockchain infrastructure.

Why It Matters:
Scalability remains one of crypto’s biggest bottlenecks. Mamo-1’s high-capacity testing environment helps developers build rollups and dApps that can operate efficiently at scale, making blockchain more accessible, practical, and ready for mass adoption.

 

Disclaimer: This article is intended solely for informational purposes and should not be considered trading or investment advice. Nothing herein should be construed as financial, legal, or tax advice. Trading or investing in cryptocurrencies carries a considerable risk of financial loss. Always conduct due diligence. 

If you want to read more market analyses like this one, visit DeFi Planet and follow us on Twitter, LinkedIn, Facebook, Instagram, and CoinMarketCap Community.

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Olajumoke Oyaleke

Olajumoke Oyaleke

Olajumoke Oyaleke is a creative writer with a passion for crafting engaging and informative guides across a variety of topics. Deeply interested in Web3 and blockchain technology, Olajumoke is dedicated to making complex concepts accessible, helping readers stay informed on the latest trends in the space. Through writing, Olajumoke aims to showcase the possibilities of Web3 and simplify its advancements for a broader audience.

Related Posts

Hello, crypto fam! It’s the final weekend roundup for May—how time flies, even in a space that never sleeps. We hope May treated you well, and here’s wishing you even more wins in the weeks ahead. If you haven’t subscribed yet, now’s the perfect time to hit that subscribe button and stay in the loop with all the latest Web3 updates! As always, here’s a quick recap of everything that went down this week. Enjoy! Biggest Story Circle Freezes $58M in USDC Amid LIBRA Memecoin Scandal Circle, issuer of the USDC stablecoin, has frozen nearly $58 million linked to the controversial LIBRA memecoin project. The freeze targeted two Solana wallets connected to LIBRA’s deployers, following a class-action lawsuit filed in New York where investors allege insider fraud. Blockchain firm Arkham confirmed Circle’s use of multisig authority to halt transactions, marking a major escalation in one of 2025’s most prominent crypto scandals. LIBRA surged after Argentine President Javier Milei promoted it as a tool for small businesses, reaching over $5 and a $4 billion market cap within an hour. However, a massive insider dump crashed its value by 90%, resulting in $250 million in retail losses. The fallout has sparked political unrest in Argentina and may set new legal precedents in crypto accountability. Other News Making Waves Elon Musk confirms departure as White House cost-cutting czar, ending his controversial tenure leading DOGE, a department created under Trump to slash federal spending and jobs (More) Former CFTC Chair Rostin Behnam warns the U.S. crypto market will stay largely unregulated unless Congress expands the agency’s authority over digital assets like Bitcoin and Ether (More) ASIC sues former Blockchain Global director Allan Guo over the ACX Exchange collapse, accusing him of misusing customer funds and falsifying company records (More) Outgoing CFTC Commissioner Christy Goldsmith Romero warns that the agency’s leadership vacuum threatens balanced crypto regulation and effective oversight (More) Swiss crypto investor to surrender after 28-year-old Michael Carturan escaped a $30M crypto-related kidnapping involving electrocution and torture inside a Soho apartment (More) Michael Saylor slams onchain proof-of-reserves at Bitcoin 2025, calling it a security threat that exposes institutional wallets to tracing and attacks (More) French police arrest over a dozen suspects, including minors, tied to crypto-related kidnapping rings targeting Parisian crypto entrepreneur families (More) Sygnum hires ex-CFTC Chair Christopher Giancarlo as senior policy adviser to steer regulatory strategy amid booming institutional crypto interest (More) Dedaub reveals Cetus DEX exploit used AMM logic flaw to drain $223M by manipulating liquidity pools via single-token injections and slippage abuse (More) Around the World: Bold Moves and Crypto Regulations NYC Mayor Eric Adams pushes for a municipal “Bitbond” to integrate Bitcoin into public finance and renews calls to repeal the burdensome BitLicense regulation to revive New York’s crypto ecosystem. (More) Pakistan plans to establish a strategic Bitcoin reserve and national crypto wallet, while allocating 2,000 megawatts of surplus electricity to Bitcoin mining and AI data centers. (More) White House AI and crypto lead David Sacks hints at potential U.S. Bitcoin purchases under a “budget-neutral” policy, leveraging a March 6 executive order authorizing such acquisitions. (More) IMF approves a $120 million disbursement to El Salvador but demands withdrawal from the Chivo wallet and a halt to Bitcoin expansion, clashing with Bukele’s continued daily BTC purchases. (More) Thailand to allow tourists to spend crypto linked to credit cards, shielding local merchants from volatility while advancing broader fintech reforms and launching digital government bond tokens. (More) Pakistan earmarks 2,000 megawatts of electricity for Bitcoin mining and AI data centers, turning energy surpluses into digital infrastructure growth amid rising tech investment initiatives. (More) Dubai launches MENA’s first tokenized real estate platform, Prypco Mint, enabling UAE residents to invest in property from just Dh2,000 through fractional ownership. Backed by major regulators and institutions, the initiative aims to tokenize 7% of Dubai’s property market by 2033. (More) Market Trends: Winners and Losers Top 5 Gainers 📈 According to data from CoinGecko, these are the five biggest gainers of the week: Zebec Network +121.78%, from $0.00290855 to $0.00645154 Central African Republic Meme +155.65%, from $0.02301762 to $0.058874 WalletConnect Token +94.71%, from $0.590721 to $1.15 NATIX Network +101.79%, from $0.00094523 to $0.00190804 Undeads Games +54.73%, from $0.695351 to $1.076 Top 5 Losers 📉 According to data from CoinGecko, the five biggest losers of the week are: Efinity -15.36%, from $0.616844 to $0.522099 Hey Anon -18.65%, from $6.22 to $5.06 Based Fartcoin -31.02%, from $0.00043206 to $0.00029793 B3 -25.26%, from $0.00463979 to $0.00346849 Covalent X Token -19.45%, from $0.04228250 to $0.03405899 Project Spotlight Gomble Games Launched GOMBLE BUILDERS: A Community-Powered Web3 Gaming Platform Gomble Games, creators of the hit Web3 title EggDrop, has launched GOMBLE BUILDERS, a collaborative game development platform where communities, NFT holders, and developers co-create games and share in the rewards. 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