In today's crypto news, Donald Trump Jr. and Eric Trump are partnering with Hut 8 to establish American Bitcoin, a venture aiming to become the world’s largest Bitcoin mining firm. Hut 8 will acquire a majority stake in American Bitcoin, which previously operated as American Data Center. This collaboration aims to build a strategic reserve of Bitcoin and run mining operations under the American Bitcoin brand. Meanwhile, the Ethereum-based DeFi protocol SIR.trading suffered a severe security breach, losing its entire total value locked (TVL) of $355,000 due to a clever hack that exploited a vulnerability in their contract. Lastly, Binance has launched a new feature that streamlines trading from centralized to decentralized exchanges (CEX to DEX), enhancing user experience by simplifying the asset transfer process without complex bridging.

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