Daily Report | South Korea blocks 14 unreported cryptocurrency exchange apps including KuCoin and MEXC; MANTRA co-founder states that an analysis report on OM volatility events and a token buyback and supply destruction plan will be released
April 15 News OverviewOrganizer: Jerry, ChainCatcher
Important News:
- On-chain contract platform KiloEx hacked, losing approximately $7.4 million in assets
- South Korea blocks apps of 14 unreported crypto exchanges including KuCoin and MEXC
- SEC postpones decision on WisdomTree and VanEck's spot Bitcoin and Ethereum ETF physical trading to June 3
- EigenLayer to launch slashing mechanism on mainnet on April 17
- Solana implements SIMD-0207, increasing block limit by 4%
- WCT token economics: total supply of 1 billion, initial circulating supply ratio of 18.62%
- MANTRA co-founder: will release OM volatility event analysis report and token buyback and supply destruction plan
"What important events happened in the past 24 hours"
On-chain contract platform KiloEx hacked, losing approximately $7.4 million in assets
Data shows that the on-chain contract platform KiloEx was hacked, resulting in a loss of approximately $7.4 million, involving assets from multiple chains including BNB and Base.
South Korea blocks apps of 14 unreported crypto exchanges including KuCoin and MEXC
According to Coindesk, the South Korean Financial Intelligence Unit (FIU) has requested Apple to block 14 apps of overseas unreported virtual asset operators, including KuCoin and MEXC, which have been blocked since April 11.
The statement noted: "Unreported business activities will face criminal penalties." The FIU has been continuously monitoring unreported overseas operators and has also blocked access through internet websites. The FIU emphasized: "In the future, we will negotiate with relevant agencies to continue blocking such apps and websites to prevent money laundering risks and user losses."
According to The Defiant, the U.S. Securities and Exchange Commission (SEC) has postponed the decision on the physical subscription and redemption of WisdomTree and VanEck's spot Bitcoin and Ethereum ETFs to June 3, 2025. Physical trading involves the direct exchange of underlying assets such as Bitcoin and Ethereum, rather than cash. The New York Stock Exchange Arca and Cboe BZX are the exchanges associated with these proposals.
EigenLayer to launch slashing mechanism on mainnet on April 17
According to official news, the Ethereum restaking protocol EigenLayer announced that the slashing mechanism will go live on the mainnet on April 17, allowing Active Verification Services (AVS) to build verifiable, trustless applications; meanwhile, operators and stakers will need to take responsibility. Slashing is a way for PoS protocol economics to penalize a node or a group of nodes for executing strategies that can be proven to differ from the given protocol specifications.
Solana implements SIMD-0207, increasing block limit by 4%
According to SolanaFloor, with the implementation of SIMD-0207, Solana engineers have increased the block size of the chain by 4%. This change allows more data to be packed into Solana blocks, theoretically enabling more transactions to be included in a single block, thereby increasing the network's transaction throughput. SIMD-0207 was initially proposed by Anza engineer Andrew Fitzgerald and has now been successfully implemented on-chain, raising Solana's block limit to 50 million CUs, an increase of 4%.
Increasing the block limit of the network is just a small step on Solana's expansion roadmap. Future governance proposals and upgrades will focus on continuous, incremental improvements to help Solana grow. For example, SIMD-0256 aims to further increase the block limit to 60 million CUs, a 25% increase over the level before the implementation of SIMD-0207.
WCT token economics: total supply of 1 billion, initial circulating supply ratio of 18.62%
According to Binance's announcement, WalletConnect (WCT) will go live on Binance today at 19:00. Its token economics are as follows:
Total supply of 1 billion, Binance Launchpool token rewards: 40,000,000 WCT (accounting for 4% of the total token supply); the initial circulating supply ratio on Binance is 18.62%.
MANTRA co-founder JP Mullin stated on social media that a post-event analysis report will be released within the next 24 hours, detailing the events that have occurred since early Monday (APAC time) and will verify data both on-chain and off-chain.
After releasing this report, more information will be shared regarding the OM token buyback plan and the OM supply destruction plan to rebuild market trust and demonstrate its long-term commitment to OM/MANTRA.
"What are the must-read articles in the past 24 hours"
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Meme Popularity Rankings
According to meme token tracking and analysis platform GMGN, as of April 15, 19:50:
In the past 24 hours, the top five popular Ethereum tokens are: TKX, BUNNIES, SPX, $GHOST, MTHA
In the past 24 hours, the top five popular Solana tokens are: PIPE, CYCL, FRENS, COINCOIN, PFM
In the past 24 hours, the top five popular Base tokens are: degeninme, VIRTUAL, SKITTEN, GRK, SKINME
