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Gate Research’s weekly report: BTC and ETH showed strong performance this week, rising by 8.53% and 5.30%, respectively. The Hong Kong Monetary Authority is collaborating with the central banks of Brazil and Thailand on cross-border tokenization projects. The New York Stock Exchange has submitted Rule 8.800-E change and Grayscale Digital Large Cap Fund listing application to the US SEC. Lido V3's lending volume has exceeded $1 billion. sUSD was well-received by the market upon launch, with deposits surpassing $10 million within the first hour. This week, a total of 16 projects announced funding, raising a combined $110 million, covering various fields including infrastructure, DeFi, and gaming applications.

On February 21, 2025, a serious security incident occurred at the cryptocurrency exchange Bybit, where over $1.5 billion in assets were stolen. This incident is similar to the attack on the Radiant Capital cross-chain lending protocol in October 2025, where attackers stole funds by controlling multi-signature private keys and exploiting contract vulnerabilities. Both incidents highlight the increasing complexity of hacker attacks and expose security vulnerabilities in the crypto industry. This article provides an in-depth analysis of the technical details of the Radiant incident, focusing on the abuse of malicious contracts and multi-signature wallets. The article concludes by emphasizing the urgent need to strengthen industry security measures to protect user assets.