btcfi

According to the official announcement from Volo, a security vulnerability incident occurred with the BTCFi and LST protocols on the Sui network, resulting in approximately $3.5 million in assets (including WBTC, XAUm, and USDC) being stolen from three specific Vaults.After the incident, the team immediately notified the Sui Foundation and ecological partners, and froze all Vaults to prevent further losses. Volo stated that this vulnerability only involved three Vaults, and the remaining Vaults do not have the same attack vector, with approximately $28 million in TVL assets remaining safe. The official emphasized that they will bear the loss themselves and will not pass the loss onto users, and will release a complete post-incident report and remediation plan after the investigation is completed.

ChainCatcher news, BitcoinOS has completed a $10 million financing round to expand its institutional-grade Bitcoin financial tools and developer protocols.This round of financing was led by Greenfield Capital, with follow-on investments from FalconX, DNA Fund, Bitcoin Frontier Fund, and a group of angel investors including Anchorage Digital CEO Nathan McCauley and Spartan Group's Leeor Groen. BitcoinOS plans to use these funds to scale its developer and institutional infrastructure, which includes the BTC yield protocol Grail Pro currently being piloted with custodial institutions. The project also supports trustless cross-chain bridging between other blockchain networks such as Ethereum and Cardano.

ChainCatcher news, Starknet announced on the X platform the launch of the Bitcoin yield product Starknet Earn and the initiation of Beta testing, supporting the creation of Starknet wallets to bridge Bitcoin and select BTCFi strategies.

ChainCatcher message, Merlin Chain official tweeted that its BTCFi ecosystem continues to generate stable and sustainable income across multiple chains, with revenue sources covering staking, liquidity, and yield protocols.According to the official plan, over 50% of the revenue will be used for the continuous buyback of $MERL tokens, and the related buyback mechanism is already in execution and will be promoted in the long term. The official emphasized that Merlin Chain's construction of BTCFi is not only about ecological expansion but also about returning the actual value of ecological growth to the community.

ChainCatcher message, encryption hardware design and development solution Citadel Wallet announced the launch of SuiBall at the SuiFest event. As the first hardware wallet natively supporting Sui, SuiBall is designed for the new generation of crypto users, providing secure, perceptible transaction clear signatures, replacing the common blind signing risks found in traditional wallets.At the same time, SuiBall not only supports native Bitcoin but also supports Sui ecosystem native assets, deeply integrated with Slush and the broader Sui ecosystem, further promoting the BTCFi development of the Sui ecosystem. Currently, the pre-order for SuiBall is open, and during the pre-order phase, a 35% discount is available. The original price of SuiBall is $229, now priced at $149. Users can visit the official website for more details.

ChainCatcher news, according to The Block, Bitcoin staking has launched on Starknet, marking the first implementation of trustless Bitcoin staking on a Layer 2 network.Holders retain custody of their assets while earning rewards, contributing to network consensus, which Starknet refers to as "the Bitcoin strategy for seasoned Bitcoin holders." This move does not alter the Bitcoin base layer but relies on wrapped versions of BTC, such as WBTC, tBTC, Liquid Bitcoin, and SolvBTC, which can be staked on Starknet.At the same time, the Starknet Foundation will allocate 100 million STRK (12 million USD) to promote the development of the BTCFi ecosystem, including incentivizing Bitcoin collateralized lending, making Starknet the most cost-effective place to stake Bitcoin and implement yield strategies.Additionally, Re7 Capital announced on Tuesday plans to launch a new Bitcoin-denominated yield product on Starknet in October, which will generate returns directly in Bitcoin by combining off-chain derivatives, DeFi strategies, and Bitcoin staking. The fund will be tokenized to facilitate participation from more investors.