Category: crypto

DeFi platform MakinaFi lost 1,299 ETH (~$4.1m) in a breach due to MEV-style execution. The stolen funds are split between two wallets being monitored by analysts. MakinaFi has not released a detailed post-mortem or compensation plan. The breach involved a sudden outflow of Ethereum traced by PeckShieldAlert.

Trove’s TROVE token crashed 95% after pivoting from Hyperliquid to Solana, keeping most ICO funds for Solana development. This sparked refund demands and legal threats. Trove faced criticism for repurposing funds raised for Hyperliquid and handling the ICO poorly. On-chain data raised concerns about TROVE token distribution.

Glassnode reported that XRP’s market structure now resembles that of February 2022, with short-term buyers accumulating below 6-12M holders and $2 acting as a key stress zone. This configuration is creating psychological pressure on top buyers as consolidation continues, triggering heavy realized losses and capitulation flows at a key psychological level.

The NYSE plans to launch a blockchain-based trading venue for tokenized stocks and ETFs that would operate 24/7, pending SEC approval. This move aims to cater to growing retail demand for always-on trading, potentially reshaping how U.S. securities are issued, traded, and settled by combining traditional order-matching technology with blockchain networks.

MegaETH will launch its mainnet on January 22 through a global stress test to evaluate network performance under extreme load. The network aims to process 11 billion transactions in seven days with low fees and real-time execution. Selected users will have access initially, with wider availability planned after testing.

Pump.fun has launched a new $3 million fund called Pump Fund to finance early-stage projects openly built on its platform. The funding decisions are based on public traction rather than traditional pitch panels. This initiative expands Pump.fun’s role beyond token launches and aims to support startups in a sustainable manner.

Zero Knowledge Proof (ZKP) has launched a 450-day token presale auction with a time-based pricing model that increases daily. Each day has a unique price tier and purchase caps per wallet to prevent large buyers from dominating. The extended period aims to distribute access over time and reward early participants with lower prices.

The Injective community has approved a governance proposal to make the INJ token more deflationary. This includes reducing new token issuance, increasing token burns, and implementing the Injective Community BuyBack program. These changes aim to limit the token supply and enhance the network’s economics, despite the current price volatility.

Large Cardano holders have accumulated over 210 million ADA tokens in the past three weeks, taking advantage of market pressure and tensions between the EU and U.S. The Cardano Foundation supports a proposal to boost adoption through investment. CME Group plans to introduce Cardano futures pending regulatory approval.

Privacy coin Dusk saw a 40% surge on Jan. 19, increasing over 4x in 2025. Traders are moving from Monero, Dash, and Zcash to Dusk due to its ZK-powered, regulation-friendly small-cap narrative. The token uses zero-knowledge proofs and zk-SNARKs to hide transaction details while allowing regulatory audits.