Author: Kryptonews

Key Takeaways Upbit, a major South Korean crypto exchange, suffered a theft from its Solana-network hot wallet. Deposits and withdrawals were suspended after the unauthorized transfer was discovered. Share this article North Korean hacking group Lazarus is suspected of orchestrating a cryptocurrency theft valued at approximately 45 billion won ($30.6 million) targeting South Korea’s largest cryptocurrency exchange, Upbit. Authorities are initiating an on-site investigation at the exchange following the breach.Lazarus Group has previously targeted crypto platforms to fund regime activities through similar exchange exploits.Upbit suspended all deposits and withdrawals after unauthorized transfers drained funds from its Solana-network hot wallet. The…

Ethereum price has broken out of a bullish reversal pattern as the supply of tokens held in exchanges continued to decline to a record low. Summary Ethereum price is up 7% over the past week. Exchange reserves for ETH have dropped to multi-year lows.  A falling wedge breakout had been confirmed on the daily chart. According to data from crypto.news, Ethereum (ETH) price dropped for nearly two weeks from $3,633 recorded on Nov. 10 to its monthly low of $2,680 on Nov. 21. It has since rebounded back above $3,000, a level that analysts have noted it must hold for…

What is Fusaka? On Dec. 3, 2025, Ethereum will activate the Fusaka upgrade on mainnet, its second major hard fork of the year after Pectra in May.Rollups now carry the bulk of Ethereum transactions and fee revenue, yet they are still constrained by how much data they can post back to the layer 1 and what it costs.Fusaka is designed to relieve that pressure. Its headline feature, PeerDAS (peer data availability sampling), lets validators verify rollup blob data without downloading everything, cutting bandwidth and storage requirements while opening the door to much higher data throughput.At the same time, blob-only parameter…

OpenAI’s partners are going into deep debt, almost $100 billion, to keep up with its extreme computing needs. The company behind ChatGPT isn’t taking the loans itself. It’s using other people’s money to build the data center empire it says is necessary to train smarter models and meet exploding global demand. A senior executive inside OpenAI put it simply: “How does [OpenAI] leverage other people’s balance sheets?” That’s the playbook. And it’s working… for them. Big names like SoftBank, Oracle, and CoreWeave have already borrowed at least $30 billion to either invest in OpenAI or build the infrastructure needed to…

Bitcoin is likely to close November at its worst loss since at least 2019, but analysts say it sets the cryptocurrency up for a good start to 2026 as some investors could buy back in.“While November will be printing in the red for crypto, the capitulation signals an opportunity for smart investors to start buying back in,” LVRG research director Nick Ruck told Cointelegraph.“Overleveraged participants and unsustainable projects have been largely cleared out, which gives way for new long-term holders to scale in ahead of a promising new year.”Bitcoin (BTC) is down nearly 16.9% so far this month as it…

The UK has floated a new tax framework that eases the burden on decentralized finance (DeFi) users, with deferred capital gains taxes on crypto lending and liquidity pool users until the underlying token is sold, which the local industry has welcomed.HM Revenue and Customs (HMRC) proposed on Wednesday a “no gain, no loss” approach to DeFi that would cover lending out a token and receiving the same type back, borrowing arrangements and moving tokens into a liquidity pool. Taxable gains or losses would be calculated when liquidity tokens are redeemed, based on the number of tokens a user receives back compared…

Key NotesThe 2-year MVRV Z-Score shows Bitcoin at its lowest historical levels, comparable to previous major market bottoms in 2018 and 2022.Analyst Michaël van de Poppe identifies a hidden bullish divergence following October’s massive liquidation event and subsequent price crashes.Large traders are positioning bullish with high-leverage longs on BTC and ETH while Arthur Hayes accumulates altcoins including ENA, ETHFI, and PENDLE. Bitcoin BTC $91 403 24h volatility: 0.3% Market cap: $1.82 T Vol. 24h: $52.68 B has reclaimed the $91,000 price while traders wonder if the bottom is in for the leading cryptocurrency and other digital assets. In this idea,…

Ethereum Layer-2 project MegaETH said it will refund all funds raised through its Pre-Deposit Bridge after operational failures disrupted the launch of its native stablecoin, USDm. Key Takeaways: MegaETH will refund all USDm pre-deposits after admitting operational failures during the launch. A misconfigured multisig transaction triggered an early reopening that sent deposits past $400 million. Refunds are pending a smart-contract audit, with a new USDC-USDm bridge planned before mainnet beta. The announcement came on Thursday in a post on X, where the team admitted missteps during the rollout.“Execution was sloppy and expectations weren’t aligned with our goal of preloading collateral…

Switzerland has delayed implementing rules that would automatically exchange crypto account information with overseas tax agencies until 2027 and is still deciding which countries it will share data with.Crypto-Asset Reporting Framework (CARF) rules will still be enshrined into law on Jan. 1, as originally planned, but will not be implemented until at least a year later, the Swiss Federal Council and State Secretariat for International Finance said on Wednesday.It added that the Swiss government’s tax committee “suspended deliberations on the partner states with which Switzerland intends to exchange data in accordance with the CARF,” as the reason for the delay.The…

Crypto market sentiment is beginning to show signs of improvement, as Bitcoin holds above $90,000, with the attitude toward the market now stronger than it was earlier this month when Bitcoin was trading above $100,000.The Crypto Fear & Greed Index, which measures overall crypto sentiment, posted an “Extreme Fear” reading of 25 on Friday, up three points from the previous day and nearly 10 points higher than on Nov. 13, which was the last time Bitcoin (BTC) traded above $100,000 before falling below six figures.Bitcoin is trading at $91,032 at the time of publication, according to CoinMarketCap, with crypto analysts…