News

ChainCatcher reported that YZi Labs announced it has led a $50 million funding round for Better Payment Network (BPN). BPN is a programmable payment network designed for the multi-stablecoin era. This investment aligns with YZi Labs' philosophy of supporting the next generation of global financial infrastructure—placing stablecoins at the core, natively built on high-performance chains, and adopting a hybrid (CeDeFi) architecture to balance efficiency, programmability, and compliance. Traditional fintech platforms rely on capital-intensive pre-funding models, forcing trillions of dollars to remain idle in local accounts to maintain payment liquidity. BPN's CeDeFi dual-track system addresses this issue by enabling real-time minting, exchange, and burning of stablecoins across jurisdictions, thereby unlocking previously locked funds. BPN is natively built on BNB Chain and aims to provide instant, low-cost, and compliant cross-border settlements, with settlement times of 3-4 hours compared to the traditional 1-2 days, and an average cost of about 30 basis points, which is significantly lower than the approximately 2% cost of traditional foreign exchange channels.

Jinse Finance reported that a U.S. cybersecurity company stated North Korean hackers have turned one of the world's most widely used software libraries into a vehicle for spreading malware. In a report released last week, researchers from supply chain security company Socket said they discovered more than 300 malicious code packages uploaded to the npm registry—a central code repository where millions of developers share and install JavaScript software. These packages (small, reusable code snippets widely used in everything from websites to cryptocurrency applications) are designed to appear harmless. However, once downloaded, they implant malware capable of stealing passwords, browser data, and cryptocurrency wallet keys. Socket stated that this campaign, which it named "Contagious Interview," is part of a sophisticated operation carried out by North Korean state-sponsored hacker groups. These hackers pose as tech recruiters and specifically target developers in blockchain, Web3, and related fields.