HyperLiquid Stablecoin Supply Reaches All-Time High of $1.78 Billion

Innora, a security firm, released a report on April 14 stating that the Ethereum-based financial protocol Saturn has two critical vulnerabilities: - **Withdrawal Freeze Vulnerability**: Under normal operations, all user funds could be locked—for a minimum of 30 days, and potentially indefinitely in extreme cases. No hacker involvement is required; the protocol can trigger this on its own. - **Privileged Address Withholding**: The protocol’s privileged address can legally withhold up to 33.33% of funds per transaction. Current data shows a single withholding could reach roughly $157,000, with a theoretical total risk of $4.26 million. Innora noted that over 90% of Saturn’s assets are controlled by a privileged off-chain address, leaving users entirely reliant on trust. As of the report’s publication, the vulnerabilities remain unfixed.

April 14: Web 4.0 isn’t the next marketing cycle—it’s a structural shift in permissions. As AI agents gain access to wallet private keys and take over on-chain execution rights, the entire internet infrastructure, built around human cognitive limits, faces a fundamental overhaul. There are 7 days left until this thesis is put to the test. Co-hosted by Rhythm BlockBeats and Zhihu, with support from Wanxiang Blockchain and HKUST Business School, the themed event *Decoding Web 4.0: When AI Agents Take Over On-Chain Permissions* will kick off in Hong Kong on April 21. Here’s a sneak peek at the highlights: Industry-leading guests will dive deep into the true potential of the “agent autonomous economy,” the prerequisites for on-chain automation infrastructure, and how AI × Crypto forms a full-fledged economic ecosystem. Top developer teams from transaction execution, cross-border payments, and other tracks will also demo cutting-edge on-chain financial apps live—apps that are reshapin

On April 14th, GMGN monitoring data shows Chinese meme coins in the BSC ecosystem have recently seen a rebound in market sentiment—with the sector rallying collectively again today. Leading meme coin “Binance Life” surged nearly 40% within 6 hours starting at noon, hitting a peak market cap of $320 million. Its current market cap stands at $316 million, a new high since last November. The token is trading at around $0.315, with a 24-hour trading volume of $15.4 million. BlockBeats warns users that meme coin trading is extremely volatile, driven primarily by market sentiment and speculative hype with no underlying value or practical use case. Investors should be aware of the associated risks.

April 14th (DL News) — Irkutskenergosbyt, an energy supplier in Russia’s Irkutsk region, says it has uncovered roughly 8,000 suspected illegal crypto mining sites, noting the “actual number of violators is far higher than that.” Local officials report miners have disguised their operations as chicken farms, greenhouses, paper mills, gas stations, or even forests to hide their high electricity use. Some residents blamed steep power bills on EV charging or heating poultry sheds, while others claimed to be “drying construction lumber” (even with empty homes) — ultimately racking up electricity costs of up to $12,000. The region is a major Bitcoin mining hub in Russia, where cheap electricity draws countless miners. But illegal mining has overwhelmed the local power grid, causing frequent blackouts. The investigation remains ongoing.

April 14 — Market sources report Deutsche Boerse has invested $200 million in crypto exchange Kraken.

On April 14th, per GMGN monitoring (link: https://gmgn.ai/bsc/token/i_m4TE56o8_0xeccbb861c0dda7efd964010085488b69317e4444), the BSC-based meme coin "Lobster" saw a brief surge in market capitalization, hitting a peak of $10 million. It currently sits at $9.8 million, up nearly 21% in the past two hours, with a 24-hour trading volume of $1.9 million. BlockBeats notes that meme coin trading is highly volatile, primarily driven by market sentiment and hype, and lacks tangible value or use cases. Investors should be aware of the associated risks.