Category: crypto

Uniswap is now available on OKX’s X Layer, offering zero-fee swaps and access to native markets like xBTC, USDT, and USDG through its app and wallet. This integration on a low-cost Ethereum-compatible Layer 2 network aims to provide deep liquidity and institutional-grade trading infrastructure to users.

Sui experienced a six-hour network outage on Jan. 14 due to a consensus divergence among validators. User funds remained safe, and the issue was not related to heavy network usage or security breaches. Validators fixed the problem, restoring normal operations on the same day. Plans for automation and testing improvements were made to prevent future…

Security researchers have identified a ransomware group, DeadLock, using Polygon smart contracts to hide and rotate its command-and-control infrastructure. The ransomware stores rotating proxy addresses in smart contracts on the Polygon network, making it difficult to block or disrupt. Despite limited confirmed victims, the method is decentralized and poses serious risks.

Zcash’s value dropped by 7.6% despite the SEC concluding its investigation into the Zcash Foundation without recommending enforcement action. The announcement led to a 12% surge in the ZEC token value, reversing recent declines. However, lingering uncertainty around privacy coins continues to impact the market.

Last year, crypto enthusiasts celebrated Trump’s potential return to the White House, but now face reality as the Senate Banking Committee delayed discussion on a stablecoin bill, causing outrage among digital asset firms. The bill may ban stablecoin yield, leading to a market downturn and concerns about regulation readiness.

State Street Corp., a traditional finance stalwart, is expanding into digital assets with a platform for tokenized deposits, stablecoins, and crypto-backed funds for institutional clients. Partnering with Galaxy Digital, the Boston-based custodian aims to offer regulated access to digital assets in response to increasing interest from large financial institutions.

Democratic lawmakers criticized the SEC for dropping enforcement of U.S. securities laws against major cryptocurrency firms under Trump’s administration. They raised concerns about political influence, particularly on cases involving companies that donated to Trump. Lawmakers singled out Justin Sun’s case and urged the SEC to clarify its decision-making process.

Binance’s spot share dropped to 25% in December, its lowest since January 2021, while derivatives dominance halved to about 35%, indicating a long-term shift. Offshore exchanges like Bybit and on-chain platforms like Hyperliquid are gaining traction, prompting Binance to make management changes and obtain licenses to compete.

DeFi protocols are moving away from Discord due to security concerns related to scams, phishing, and breaches. Morpho is transitioning to a ticketed support system, while DefiLlama and others are favoring live chat and email tickets. Discord’s vulnerability to scams was highlighted by a Zendesk breach that exposed sensitive user data.

ARK’s Q4 report showed that Coinbase was the biggest detractor due to a drop in spot volumes and liquidation events. Winners included AMD, Shopify, and Rocket Lab. Coinbase is pivoting to become an “everything exchange” with new offerings. Goldman Sachs upgraded Coinbase to a Buy rating, citing growth potential.