KEYTAKEAWAYS
- Polkadot Treasury allocates $3.5M to expand DOT liquidity across Ethereum, Arbitrum, Base, and BSC, enhancing cross-chain interoperability and adoption.
- StilachiRAT malware targets Chrome crypto wallets, stealing credentials and hijacking clipboard transactions. Users should avoid unverified software to stay secure.
- BSC cross-chain bridge records $8.37M inflow, driven by increased DApp activity and market interest following CZ’s token purchase on PancakeSwap.
CONTENT
$3.5 MILLION TO BOOST DOT/vDOT CROSS-CHAIN LIQUIDITY
On March 18, the Polkadot Treasury Proposal No. 1439, jointly initiated by Bifrost and Hyperbridge, was approved. This proposal allocates $3.5 million (approximately ¥25 million) for liquidity collaboration with top DEXs in the Ethereum, Arbitrum, Base, and BSC blockchain ecosystems. The goal is to establish liquidity for DOT and vDOT (a DOT LST).
Developers can utilize this liquidity, along with Hyperbridge’s cross-chain solutions and Bifrost’s SLPx SDK, to freely build cross-chain applications and strategies within these ecosystems while sharing revenue. This aims to fully leverage Polkadot’s cross-chain interoperability.
Analysis:
The goal is clear—to maximize Polkadot’s cross-chain interoperability and integrate DOT into the larger EVM ecosystem. However, the key question remains: Will this strategy drive real growth, or is it just about spending money to attract liquidity? Can the DOT ecosystem truly take off?
NEW MALWARE TARGETS CRYPTO WALLETS IN CHROME
On March 18, Microsoft discovered a new type of Remote Access Trojan (RAT) designed to steal cryptocurrency from Google Chrome extensions. This malware, named StilachiRAT, specifically targets 20 different crypto wallet extensions, stealing stored credentials, digital wallet information, and clipboard data. Microsoft’s incident response team first detected this malware in November 2023.
Analysis:
This kind of attack is not new. Similar incidents have happened before:
- Mars Stealer (2022): Targeted MetaMask and Trust Wallet, stealing private keys and leading to significant losses.
- Atomic Wallet Hack (2023): Over $100 million was stolen through similar credential theft tactics.
However, StilachiRAT stands out because:
- It specifically targets Chrome wallet extensions rather than desktop or mobile apps.
- It has a clipboard hijacking feature, meaning that when users copy a wallet address, it can be replaced with a hacker’s address, redirecting funds.
To protect yourself, avoid installing unknown software, especially cracked or pirated programs, as many come with malware.
BSC CROSS-CHAIN BRIDGE SEES $8.37 MILLION NET INFLOW
On March 18, DefiLlama data showed that BSC’s cross-chain bridges had a net inflow of $8.37 million over the past 24 hours, ranking first among all blockchains.
Analysis:
Recently, BSC ecosystem DApps have seen increased activity, with platforms like PancakeSwap experiencing higher trading volumes. A notable event was CZ (Changpeng Zhao) purchasing MUBARAK tokens via PancakeSwap, which drew market attention to the BSC ecosystem.
This kind of celebrity effect often drives short-term capital flows, and the $8.37 million inflow may be partially influenced by this trend.
Related reading：
In-Depth Analysis of the BSC Ecosystem: A $1.64 Billion Trading Volume and Its Future Potential
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