Odaily News K Wave Media (NASDAQ: KWM) announced that it has signed a $500 million convertible note agreement with Anson Funds, with the first issue of $15 million in senior secured convertible notes and warrants, and at least 80% of the net proceeds will be used to purchase Bitcoin. In addition, K Wave Media has completed the acquisition of the first batch of 88 bitcoins and plans to expand its holdings to 10,000 bitcoins. The company said that this move will not only help strengthen its financial strength, but will also promote the deep integration of its Korean cultural content with the Web3 economy. (GlobeNewswire)

Odaily News Yu Xian, the founder of SlowMist, posted on the X platform that GMX-related fork projects need to pay attention to similar security risks. He said that the fundamental reason why GMX was stolen for $42 million last night was that GMX v1 would immediately update the global short average price (globalShortAveragePrices) when processing short positions, and this global average price would directly affect the calculation of the total asset size (AUM), which would lead to the manipulation of the GLP token price. The attacker took advantage of this design flaw and enabled the timelock.enableLeverage feature (a necessary condition for creating large short orders) when executing orders through Keeper. By re-entering, he successfully created a large short position to manipulate the global average price, so as to artificially raise the GLP price in a single transaction and profit through redemption operations.

Odaily News According to monitoring by on-chain analyst Ai Yi, the address of Arthapala, a suspected staking and verification service provider, has recharged 6,440 ETH to the exchange in the past 6 hours, with a value of 17.98 million US dollars and an average price of $2,793; since June 2025, a total of 108,607 ETH has been transferred to the exchange, with a total value of 272 million US dollars, and the purpose is unknown.

Odaily News According to Lookonchain monitoring, an address associated with Cumberland withdrew 25,000 ETH from Binance.

Odaily News Kamino officially announced on the X platform that after 5 months, USDG has become the sixth largest stablecoin in the Solana ecosystem, with a circulation of $120 million, of which $75 million is deployed in Kamino Lend. Kamino rewards more than $280,000 per month, of which more than $200,000 is used for lending to promote active use rather than passive deposits. Of the $80 million currently provided, nearly $60 million is loaned funds, making USDG the asset with the highest lending rate on Kamino.

Odaily News The European Securities and Markets Authority (ESMA) on Thursday published a review of the Malta Financial Services Authority (MFSA) Crypto Asset Service Provider (CASP) authorization process, which is the main regulator in Europe responsible for supervising the Crypto Asset Market Regulation (MiCA). Although the EU regulator said that the Malta Financial Services Authority met certain expectations in terms of regulatory settings and staffing, the agency said that Malta only "partially met expectations" in the authorization process for an unnamed CASP. (Cointelegraph)