Author: Kryptonews

South Korean e-commerce giant Coupang has confirmed that it will compensate customers affected by a recent user data breach, pledging over $1.17 billion in vouchers. The company emphasized that the breach only affected customer names, email addresses, some order histories, and home addresses, not payment and login details. The South Korean-founded and U.S.-headquartered online retail giant stated on December 29 that customer compensation is expected to restore trust, taking responsibility for the recent personal user data breach. The compensation plan is expected to cover approximately 37.7 million former and current customers.  Meanwhile, the sequential payments of about 50,000 won (~$34.87)…

The price of silver continues to notch new highs amid a precious metals market boom, with the asset trading in a very crypto-like fashion over the weekend with sharp volatility. Silver hit a new all-time high of almost $84 on Sunday, with demand for gold also driving the price up to new heights of around $4,530. Meanwhile, the crypto market continues to stutter.  As highlighted in a post on Sunday by markets publication The Kobeissi Letter, silver saw extreme volatility over the weekend, spiking 6% and then dumping 10% in the span of an hour.“Absolute insanity in silver right now: At 6:20…

Ethereum’s staking queue has flipped the exit line for the first time in six months, with almost twice as much ETH now lined up to be staked as ETH trying to leave the network.The entry queue for validators has roughly 745,619 Ether (ETH) with a nearly 13-day wait, while the exit line has around 360,518 ETH and an eight-day wait, according to the blockchain explorer Ethereum Validator Queue.The flippening happened on Saturday, when both queues were around 460,000, but the entry queue has gone vertical since, while some argue the exit queue is trending towards zero.Abdul, the head of DeFi…

Uniswap has executed a major token burn following the approval of its long-anticipated fee burning proposal, removing 100 million UNI, worth roughly $596 million at current prices, from the protocol’s treasury.Onchain data shows the burn transaction was completed at around 4:30 am UTC on Dec. 28, confirming the first large-scale implementation of the governance decision passed earlier this week, according to analyst EmberCN. The transaction permanently reduced Uniswap (UNI)’s token supply, marking one of the largest burns ever carried out by a decentralized finance protocol.The highly anticipated Uniswap protocol fee switch, dubbed “UNIfication,” passed on Thursday with 99.9% support. More…

The People’s Bank of China has issued an “Action Plan” to enhance the management and financial infrastructure of digital yuan.The new generation central bank digital currency (CBDC) framework, management and operational mechanism will be officially launched on January 1, 2026, a Chinese business daily reported on Monday.Lu Lei, Deputy Governor of the PBOC, outlined the attributes of the modern digital yuan, including its issuance and circulation within the financial system. He stressed that technical support and supervision will be provided by the central bank.It will have “the functions of a measure of monetary value, store of value, and cross-border payment,”…

Peter Zhang Dec 29, 2025 04:35 The Hong Kong Monetary Authority (HKMA) expands its RMB Business Facility, increasing the quota to RMB100 billion and adding 40 participating banks in Phase 2. The Hong Kong Monetary Authority (HKMA) has announced a significant expansion in its Renminbi (RMB) Business Facility, as reported on December 29, 2025. The total quota allocated for participating banks has been increased to RMB100 billion, doubling from the previous RMB50 billion, and the list of participating banks has expanded to 40 institutions. Expansion Details Commencing from December 1, 2025, Phase 2…

Bitcoin BTC$90,177.20 rose on Monday as dampened hopes of a Russia-Ukraine peace deal pushed oil prices higher.BTC, the leading cryptocurrency by market value, jumped over 2% to trade above $90,000, bringing cheer to the broader market. Major alternative cryptocurrencies such as ether ETH$3,046.21, XRP$1.9146 and solana SOL$128.72 gained 3% or more, according to data source CoinDesk.In traditional markets, prices for the West Texas Intermediate (WTI) crude increased by 1% to $57.24 per barrel. Brent crude rose 0.80% to $60.81 per barrel. Asian stocks traded tentatively as year-end holidays kept volumes and market liquidity thin. South Korea’s KOSPI index was an…

>>>> gd2md-html alert: inline image link in generated source and store images to your server. NOTE: Images in exported zip file from Google Docs may not appear in the same order as they do in your doc. Please check the images!—–>If you used AI seriously in 2025, you probably noticed the shift. One chatbot stopped being enough. Different platforms started outperforming each other in wildly different ways—research here, video generation there, code scaffolding somewhere else. It forced everyone to rethink their setup.Last year, the AI community wanted to know which model was the king of AI. Now, companies are betting…

After a breakout rally across 2023 and much of 2024, artificial intelligence–focused crypto tokens have swung sharply in the opposite direction. Key Takeaways: AI-focused crypto tokens have lost about 75% of their value year over year, erasing roughly $53 billion from the market. The selloff accelerated into year-end, with December alone accounting for nearly $10 billion in losses. Fading hype, thinner liquidity and broader market pullbacks pushed AI tokens into a deep correction in 2025. A new report shows the sector has entered a deep correction, erasing tens of billions of dollars in value as investor appetite cooled and market…

Coinbase CEO Brian Armstrong has claimed Bitcoin provides healthy competition for the US dollar, which in turn pressures policymakers to maintain fiscal discipline and helps preserve the US dollar’s dominance.“[Bitcoin] provides a check and balance on the dollar in the sense of if there’s too much deficit spending or inflation in the US, people will flee to Bitcoin in times of uncertainty,” Armstrong argued in an interview on Tetragrammation with Rick Rubin on Thursday.“It might be okay to have 2-3% inflation if the economy is growing at 2-3% but if inflation outstrips the growth of the economy, you’ll eventually lose…