The US Securities and Exchange Commission (SEC) has charged three entities that claimed to operate crypto asset trading platforms, along with four so-called investment clubs, for allegedly running a large-scale fraud that targeted retail investors through social media. According to the SEC, Morocoin Tech Corp., Berge Blockchain Technology Co. Ltd., and Cirkor Inc., together with […]
Centralized exchanges (CEXs) firmly dominated global crypto derivatives activity throughout the year, as total trading volume reached about $85.7 trillion and average daily turnover was roughly $264.5 billion. Trading followed a “low start, high finish” pattern, amidst tight macro liquidity early in the year and stronger risk appetite later on. CoinGlass said that the global […]
Citing the overall direction X (formerly Twitter) is heading, IOHK’s leader, Charles Hoskinson, said he would be leaving the platform in less than a week, when a “digital twin” takes over the account. He didn’t give any further details about his replacement to his million followers on X, but promised to do so in the […]
The USX stablecoin on Solana lost its dollar peg on December 26, collapsing to just $0.10 on secondary markets. This sudden drop, caused by a severe lack of liquidity, marks one of the most extreme depegs for a major stablecoin this year. Market Strain and Rapid Response According to blockchain security firm PeckShield, which raised […]
Wintermute founder and CEO Evgeny Gaevoy said the trading firm will vote against Aave’s token alignment proposal, adding to the growing opposition within the Aave DAO as the vote nears its conclusion. In a detailed thread on X, Gaevoy said Wintermute disagrees with the proposal “as it stands,” while arguing that it asks tokenholders to […]
Around 263,000 Bitcoin options contracts will expire on Friday, Dec. 26, and they have a notional value of roughly $23 billion. This expiry event is huge, being the end of the quarter and end of the year, so there may be some impact on spot markets, which have been sideways for most of the week. […]
Ripple (XRP) open interest (OI) on cryptocurrency exchange Binance has fallen to its lowest level since the end of 2024, amidst a clear rebalancing in the derivatives market. Data compiled by CryptoQuant shows that open interest has dropped to around $453 million, indicating a substantial decline in the use of leveraged positions and a shift […]
Pudgy Penguins has secured a seven-day advertising slot on the Las Vegas Sphere, running through the Christmas period. The animated wrap showcases the brand’s penguin characters and highlights merchandise availability. Discussions reportedly began in early 2024 as the brand expanded beyond crypto. The campaign is estimated to have cost around $600,000, while the Sphere continues […]
Bitcoin (BTC) slipped below $87,000 during thin Christmas Day trading on December 25, as ETF outflows and weak holiday liquidity kept pressure on the market, according to data shared by XWIN Finance. The pullback comes even as on-chain metrics point to easing sell pressure and a record build-up of stablecoin capital, leaving traders split between […]
Changpeng “CZ” Zhao has renewed calls for stronger, industry-wide defenses against address poisoning scams. In a recent post, the former Binance CEO argued that such attacks are solvable through better wallet-level protections. Combating Address Poisoning Attacks CZ said wallets should automatically check whether a receiving address is associated with known poisoning activity and block users […]