TAIPEI, March 7, 2025 /PRNewswire/ — Recent cyberattacks targeting multisig wallets have highlighted critical security gaps. Hackers have exploited transaction manipulation techniques, deceiving users into approving unauthorized transfers, leading to substantial asset losses. These incidents emphasize the urgent need for robust transaction verification mechanisms.

To address this, CoolWallet by CoolBitX has introduced Transaction Confirmation Simulation, a new feature available for CoolWallet Pro, CoolWallet S, and CoolWallet HOT users. This function enables users to preview full on-chain asset movements before signing a transaction, reducing risks associated with fraudulent transactions.

Key Benefits of CoolWallet’s Transaction Confirmation

• Full Asset Movement Preview – Simulates and displays actual outgoing amounts and receiving addresses before signing, ensuring accuracy.
• Anomaly Detection – Identifies discrepancies between expected and actual transactions, alerting users to potential threats.
• Real-Time Alerts – Sends notifications for suspicious activity before users finalize approvals.

This enhancement significantly reduces the risks associated with blind signing. Hackers often manipulate smart contracts or user interfaces to trick signers into unknowingly authorizing malicious transactions. With CoolWallet’s improved transaction preview, users can thoroughly verify details before confirming, ensuring secure asset management.

Smart Scan Technology: An Additional Security Layer

Beyond transaction verification, CoolWallet has integrated Smart Scan technology in partnership with Blockaid to further strengthen security:

• Detects phishing attempts and malicious smart contracts in real time.
• Analyzes transaction risks and provides immediate alerts on potential threats.
• Seamlessly integrates with DeFi and Web3 applications for enhanced protection.

Strengthening Blockchain Security Standards

While these security upgrades provide advanced protection, users must also adopt strong security habits. CoolWallet recommends:

• Using a hardware wallet for storing high-value crypto assets.
• Enabling multi-factor authentication (MFA) to secure exchange accounts.
• Keeping security tools updated and staying informed about emerging threats.

About CoolWallet

CoolWallet is a leading provider of crypto hardware wallets, offering secure and user-friendly digital asset management solutions. Its product lineup, including CoolWallet Pro, CoolWallet S, and CoolWallet HOT, supports multiple cryptocurrencies and integrates seamlessly with DeFi and Web3 ecosystems.

Official Website: coolwallet.io
X (Twitter): coolwallet

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• SOL Arena, the Web3 multiplayer battle game developed by Chillchat ,will launch its $CHILL token at end-March 2025, following its sold-out Challengers NFT mint on Magic Eden on February 6, 2025.
  
• Delivering a fresh take on snake-like gameplay on the Solana blockchain, SOL Arena has attracted 80,000+ global players since its Open Beta launch in September 2024.
• Backed by Solana Ventures, Crypto.com Capital, and Big Brain Holdings, Chillchat aims to pioneer innovation in Web3 gaming by marrying casual gameplay with high-stakes crypto wagering in massive real-time battles.

BANGKOK, March 6, 2025 /PRNewswire/ — SOL Arena, a high-stake multiplayer battle game powered by Solana and now live in Open Beta, will launch its $CHILL token at end-March 2025, which will allow players to wager $CHILL in real-time crypto battles, or stake for in-game and ecosystem rewards. After welcoming more than 80,000 players worldwide since its Open Beta began on September 20, 2024, SOL Arena’s highly anticipated $CHILL token launch follows a sold-out Challengers NFT mint on Magic Eden last month.

Developed by Chillchat, a Bangkok-based Web3 gaming studio, SOL Arena unites casual snake-style gameplay with massive real-time battles and large-scale crypto wagering. By pairing the simplicity of casual gaming with the thrill of real crypto stakes, SOL Arena delivers a fresh take on Web3 gaming on Solana — appealing to both casual gamers and competitive enthusiasts.

To support its continued growth and development, Chillchat previously secured US$8.69M in seed funding, led by Solana Ventures, Crypto.com Capital, and Big Brain Holdings. Matt Beck, Head of Investments at Solana Ventures said: “SOL Arena is introducing a new way to engage with crypto gaming — where every match matters because there’s something real at stake. This is exactly the kind of innovation that will drive Web3 gaming forward.”

SOL Big Brain of Big Brain Holdings said: “I’m hyped to see how SOL Arena evolves over time. Its approach to merging casual gaming with real-time wagering is already making waves in the Solana community.”

A New Era of Web3 Gaming: Real-Time Crypto Wagering at Scale
SOL Arena merges the simplicity of popular multiplayer snake games with intense extraction gameplay, allowing up to 50 players to compete in real-time battles to collect noCHILL, outmaneuver opponents, and strategically withdraw their winnings. The upcoming High Roller Mode will introduce crypto wagering with $CHILL, raising the stakes for both casual players and high-level competitors. SOL Arena integrates the dynamic, community-driven Solana ecosystem directly into the game, where memecoin projects, NFT communities, and token holders unite under shared teams.

“Our vision is to merge casual gaming with degenerate memecoin activity and crypto network effects,” said James Au, CEO and Game Director of Chillchat, “to deliver an exciting new player experience that redefines the thrill of ‘winning’.”

What’s Next? Token Launch and Mobile Play
Following the Challengers NFT mint in February 2025, SOL Arena’s next significant milestone is the launch of its ecosystem token, $CHILL, at the end of March.

The $CHILL token fuels SOL Arena’s in-game economy, allowing players to wager it in High Roller mode, or stake it to earn in-game rewards. Players can qualify for a $CHILL airdrop by playing the game and extracting noCHILL, or by holding Chillchat Origin or SOL Arena Challengers’ NFTs.

The official launch of the SOL Arena game, which will introduce new features such as Seasons, will include mobile versions for both iOS and Android available in mid-2025.

Join the SOL Arena Battles Now
SOL Arena is free to play now at solarena.io. Jump in, collect and extract noCHILL, and start climbing the leaderboards to secure your spot in the upcoming $CHILL airdrop.

For more on SOL Arena:
Website
Discord
X (Twitter)
Telegram

About Chillchat
Chillchat is a Bangkok-based Web3 gaming studio dedicated to creating fun, accessible, and innovative blockchain-powered experiences. SOL Arena is the studio’s flagship title, merging traditional gaming fundamentals with real crypto stakes, all secured by Solana’s lightning-fast network. With an aim to pioneer the next generation of Web3 gaming, Chillchat invests in bold ideas that blend community engagement, financial incentives, and immersive gameplay.

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Disclaimer

Riot Produces 470 Bitcoin in February 2025

CASTLE ROCK, Colo., March 4, 2025 /PRNewswire/ — Riot Platforms, Inc. (NASDAQ: RIOT) (“Riot” or “the Company”), an industry leader in vertically integrated Bitcoin (“BTC”) mining, announces unaudited production and operations updates for February 2025.  

Bitcoin Production and Operations Updates for February 2025

1. Unaudited, estimated.
2. As of month-end.
3. Average over the month.
4. Estimated power curtailment credits.
5. Estimated credits received from participation in ERCOT and MISO demand response programs.
6. Estimated. Inclusive of all transmission and distribution charges, fees, adders, and taxes. Net of Total Power Credits.

“Riot mined 470 bitcoin in February, with total production impacted by planned maintenance, elevated curtailment driven by higher power prices as a result of colder weather, and a shortened month,” said Jason Les, CEO of Riot. “In spite of these factors which impacted total production, ongoing improvements in utilization and operational efficiencies across all our facilities meant that bitcoin produced per day declined only 1% in February, relative to the prior month.

“Our AI/HPC process remains our top priority, and we have been encouraged by the strong demand we see in the market. The Corsicana Facility represents a unique opportunity to access up to 1.0 gigawatt of power by 2026 in near proximity to the Tier 1 data center market of Dallas, Texas, and we will continue to aggressively pursue an outcome that best maximizes the value of Riot’s assets.”

Investor Events

• Cantor Fitzgerald Global Technology Conference held in New York City, NY, March 11^th-12^th.
• 37^th Annual Roth Conference held in Dana Point, CA, March 17^th-18^th.

Human Resources Update   

Riot is currently recruiting for positions across the Company. Join our team in building, expanding, and securing the Bitcoin network.  

Open positions are available at: https://www.riotplatforms.com/careers.    

About Riot Platforms, Inc.   

Riot’s (NASDAQ: RIOT) vision is to be the world’s leading Bitcoin-driven infrastructure platform. Our mission is to positively impact the sectors, networks, and communities that we touch. We believe that the combination of an innovative spirit and strong community partnership allows the Company to achieve best-in-class execution and create successful outcomes.   

Riot is a Bitcoin mining and digital infrastructure company focused on a vertically integrated strategy. The Company has Bitcoin mining operations in central Texas and Kentucky, and electrical engineering and fabrication operations in Denver, Colorado, and Houston, Texas.

For more information, visit www.riotplatforms.com.

Safe Harbor   

Statements in this press release that are not historical facts are forward-looking statements that reflect management’s current expectations, assumptions, and estimates of future performance and economic conditions. Such statements rely on the safe harbor provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Words such as “anticipates,” “believes,” “plans,” “expects,” “intends,” “will,” “potential,” “hope,” similar expressions and their negatives are intended to identify forward-looking statements. These forward-looking statements may include, but are not limited to, statements relating to the Company’s development at its Corsicana Facility and the Company’s plans, projections, objectives, expectations, and intentions about future events and trends that it believes may affect the Company’s financial condition, results of operations, business strategy, short-term and long-term business operations and objectives and financial needs. These forward-looking statements are subject to a number of risks and uncertainties, including, without limitation: risks related to the Company’s growth, the anticipated demand for AI/HPC uses, the feasibility of developing the Company’s power capacity for AI/HPC uses, competition in the markets in which the Company operates, market growth, the Company’s ability to innovate and expand into new markets, the Company’s ability to realize benefits from its implementation of new strategies into its business, estimates of Bitcoin production; our future hash rate growth (EH/s); the anticipated benefits, construction schedule, and costs associated with the development of our mining facilities in Texas, Kentucky and elsewhere; our expected schedule of new miner deliveries; our access to electrical power; the impact of weather events on our operations and results; our ability to successfully deploy new miners; the variance in our mining pool rewards may negatively impact our results of Bitcoin production; our megawatt capacity under development; risks related to the Company’s inability to realize the anticipated benefits from immersion cooling; the inability to integrate acquired businesses successfully, or such integration may take longer or be more difficult, time-consuming or costly to accomplish than anticipated; or the failure of the Company to otherwise realize anticipated efficiencies and strategic and financial benefits from our business strategies. Detailed information regarding the factors identified by the Company’s management which they believe may cause actual results to differ materially from those expressed or implied by such forward-looking statements in this press release may be found in the Company’s filings with the U.S. Securities and Exchange Commission (the “SEC”), including the risks, uncertainties and other factors discussed under the sections entitled “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” of the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2023, as amended, and the other filings the Company makes with the SEC, copies of which may be obtained from the SEC’s website, www.sec.gov. All forward-looking statements included in this press release are made only as of the date of this press release, and the Company disclaims any intention or obligation to update or revise any such forward-looking statements to reflect events or circumstances that subsequently occur, or of which the Company hereafter becomes aware, except as required by law. Persons reading this press release are cautioned not to place undue reliance on such forward-looking statements.   

Investor Contact:   
Phil McPherson   
303-794-2000 ext. 110
IR@Riot.Inc   

Media Contact:   
Alexis Brock   
303-794-2000 ext. 118
PR@Riot.Inc   

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SOURCE Riot Platforms, Inc.

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Disclaimer

The Ethereum Pectra upgrade has hit another roadblock, this time due to a Sepolia testnet malfunction. This issue raises concerns about potential delays in Ethereum’s next major hard fork.

Sepolia Testnet Encounters Issues

Tim Beiko, Ethereum Foundation’s Protocol Support Lead, revealed on March 5 that the Sepolia testnet experienced disruptions due to a custom deposit contract. This malfunction affected execution layer (EL) clients, preventing transactions from being properly processed in blocks.

Beiko explained:

“We’re investigating an issue caused by the custom deposit contract on Sepolia. This has caused some EL clients to have issues including transactions in blocks.”

Emiliano Bonassi, Head of Product at Conduit, a crypto infrastructure company, confirmed these findings. He observed that the network was propagating empty blocks, signaling instability in the testnet environment.

This issue surfaced less than two hours after Beiko announced the successful finalization of the Ethereum Pectra upgrade on Sepolia. Given Sepolia’s role as a crucial testing ground before major Ethereum upgrades go live, this setback raises concerns about potential delays in the mainnet rollout.

Ethereum Pectra Upgrade Faces Ongoing Challenges

The Ethereum Pectra upgrade is one of the most ambitious hard forks in Ethereum’s history. Designed to improve both developer and user experiences, Pectra aims to enhance network efficiency, smart contract execution, and overall scalability.

However, this isn’t the first challenge Ethereum developers have encountered. Just weeks ago, the Holesky testnet faced problems due to incorrect deposit contract addresses, leading to chain splits and delayed finality. Developers acted quickly to address the issue, but stabilization efforts are still ongoing.

Christine Kim, a researcher at Galaxy Digital, commented on the broader implications of these testnet failures:

“It is important that the Ethereum ecosystem is ready for the Pectra upgrade and has the adequate testing infrastructure to ensure a smooth transition through the hard fork. The bigger the ETH ecosystem becomes, the longer it may take for Ethereum to upgrade safely.”

How This Affects Ethereum’s Timeline

Ethereum’s mainnet was widely expected to integrate the Ethereum Pectra upgrade next month. However, the Sepolia testnet issue introduces uncertainty into the timeline. If the problem is not resolved quickly, developers may need to push back the mainnet release to ensure a smooth transition.

Market analysts are closely monitoring these developments, as Ethereum (ETH) remains one of the most influential cryptocurrencies in the space. Despite testnet challenges, ETH has remained relatively stable in price, though further delays could impact investor confidence.

What’s Next for Ethereum?

The Ethereum Foundation has not yet provided an updated timeline for the Pectra upgrade’s mainnet launch. Developers are working to resolve the Sepolia testnet issue, but given previous testnet complications, additional delays remain a possibility.

For now, the crypto community is watching closely to see whether Ethereum can overcome these latest hurdles and successfully implement its next major upgrade.

Another factor to consider is the potential impact on Ethereum’s broader ecosystem, including decentralized applications (dApps) and layer-2 solutions that rely on Ethereum’s infrastructure. Any delays in the Pectra upgrade could affect development timelines for projects anticipating improved scalability and efficiency.

Additionally, concerns have been raised about whether these testnet failures indicate deeper issues within Ethereum’s testing framework. While testnets are designed to catch bugs before mainnet deployment, repeated disruptions suggest that the testing process itself may need enhancements to prevent unexpected issues from surfacing.

Despite these hurdles, Ethereum developers remain committed to ensuring a smooth and secure rollout. Many in the crypto space see these setbacks as part of the natural evolution of blockchain technology. As Ethereum moves toward greater decentralization and network efficiency, overcoming these technical challenges will be crucial to maintaining its status as a leading smart contract platform.

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In a groundbreaking announcement, former U.S. President Donald Trump revealed the formation of the U.S. Crypto Strategic Reserve, a government-backed digital asset fund. While Bitcoin (BTC) and Ethereum (ETH) were expected inclusions, the reserve also features unexpected altcoins, including Ripple (XRP), Solana (SOL), and Cardano (ADA). The decision has sparked debates about the future of cryptocurrency in the U.S. financial system and its potential role in government strategy.

Why These Cryptos?

Bitcoin’s dominance in the crypto space made it an obvious choice for the U.S. Crypto Strategic Reserve. As a decentralized digital gold, BTC provides a hedge against inflation and economic uncertainty. Ethereum, with its smart contract functionality, remains a critical player in blockchain development and decentralized finance (DeFi).

The surprise came with the addition of XRP, Solana, and Cardano. Ripple’s XRP has long been at the center of discussions regarding central bank digital currencies (CBDCs) and cross-border payments. Solana’s lightning-fast transactions and low fees make it a top choice for large-scale blockchain adoption. Cardano, known for its research-driven approach and emphasis on security, aligns with the government’s interest in sustainable blockchain solutions.

Market Reactions and Investor Sentiment

The announcement of the U.S. Crypto Strategic Reserve triggered immediate market movements.

Bitcoin (BTC) jumped 11%, surpassing $50,000.

Ethereum (ETH) climbed 13%, nearing $3,200.

Ripple (XRP) surged 28% amid speculation of further government involvement.

Solana (SOL) and Cardano (ADA) both gained over 15%, reflecting renewed investor confidence.

The increased trading volume highlights the market’s optimism. Some analysts believe this initiative could lead to institutional investors embracing crypto as a legitimate asset class, further integrating digital currencies into the U.S. financial system.

StratoVM: The Dark Horse of BTCFi

Beyond the coins selected for the U.S. Crypto Strategic Reserve, another project is making waves. StratoVM (SVM), a Bitcoin Layer 2 solution, has skyrocketed by 6,223% in the past two weeks. Designed to enable smart contracts, AI-driven applications, and DeFi on Bitcoin, StratoVM could become a key player in the growing BTCFi (Bitcoin Finance) sector.

Currently trading at $0.1724, StratoVM has a market valuation of $17.1 million, significantly lower than competitors like CoreDAO, which boasts a $990 million valuation. The potential for further price appreciation has drawn attention, especially as the project nears its mainnet launch.

The Future of the U.S. Crypto Strategic Reserve

With Congress set to review the details of the U.S. Crypto Strategic Reserve, analysts predict major implications for the broader cryptocurrency market. If the initiative receives full approval, it could set the stage for a national digital asset policy, encouraging regulated institutional investment and enhancing the legitimacy of crypto assets.

For now, the market is watching closely. The inclusion of XRP, Solana, and Cardano signals a shift in government perception of altcoins, while Bitcoin and Ethereum remain at the forefront of adoption. As new blockchain technologies like StratoVM emerge, the evolution of BTCFi could further reshape the digital economy.

Bottom Line

Trump’s announcement has sent shockwaves through the crypto world, and the U.S. Crypto Strategic Reserve could be a game-changer for digital asset regulation, adoption, and investment. Investors and institutions alike are now eagerly awaiting the next move.

The Road Ahead for Crypto Investors

The U.S. Crypto Strategic Reserve is more than just a political statement—it could mark a turning point for how digital assets are integrated into national financial strategies. If the U.S. government begins acquiring and holding crypto, it may influence global regulatory frameworks and push other nations to develop their own strategic reserves.

For investors, this move underscores the importance of holding diversified crypto portfolios. Bitcoin and Ethereum remain strong bets, but the inclusion of XRP, Solana, and Cardano suggests that well-established altcoins could see long-term growth. With StratoVM gaining traction, BTCFi might be the next major trend to watch.

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