Crypto Highlights of the Day

In today’s top crypto news:

1. Dubai Customs Introduces Blockchain Platform: Dubai Customs has launched a blockchain platform aimed at streamlining supply chain operations, enhancing customs clearance, and reducing paperwork. This initiative is part of Dubai’s strategy to become a leading smart city.
2. Solana ETF Decision Expected Mid-March: The U.S. Securities and Exchange Commission (SEC) is expected to decide on spot Solana exchange-traded funds (ETFs) by mid-March 2025. The Chicago Board Options Exchange (CBOE) has submitted applications to list these ETFs, highlighting Solana’s decentralization and resistance to manipulation.
3. Doja Cat’s Twitter Account Compromised: The American artist’s Twitter account was hacked and used to promote a Solana-based meme coin. The hacker posted numerous tweets and removed Doja Cat’s profile details. The incident led to the creation of a $DOJA token, which saw some trading activity.
4. BlackRock’s BUIDL Reaches $500M: BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL) has achieved a market cap of $500 million, becoming the first tokenized treasury fund to reach this milestone. The fund distributes dividends monthly and is used by entities like Ondo’s OUSG and Mountain Protocol.
5. Crypto Exploits Near $1.4B in 2024: Cybersecurity firm Cyvers reports that stolen crypto funds in 2024 are approaching $1.4 billion, with centralized exchanges being the primary targets. Q2 2024 saw over $600 million in losses, driven by a significant increase in exchange-related exploits.
   Stay tuned to CoinChapter for more updates on the latest crypto news.