Author: Kryptonews

Balancer suffered a major exploit in November that resulted in the theft of almost $120 million worth of digital assets. Gnosis Chain said its community of node operators has executed a hard fork to recover funds linked to the Balancer exploit. This week, Gnosis confirmed that the assets are now out of the attacker’s control and urged remaining operators to update their nodes to avoid penalties. It has not yet specified the exact total amount of funds recovered. Validator-Approved Hard Fork In a post on X, the network said the decision was taken by operators following weeks of discussion…

The stablecoin sector continues to display notable traction across the globe. Particularly, $USDT, $USDC, and $USDe are leading the list of top stablecoins in terms of market capitalization. As per the data from Phoenix Group, the rising growth of the stablecoin world has pushed its total market capitalization to the staggering $317.40B.  Hence, this wider adoption highlights the potential of a considerable stabecoin rise in the future, while this market occupies 10.83% of the crypto market. TOP #STABLECOINS BY MARKET CAPITALIZATION TOTAL #STABLE MARKET CAP – $317.40B STABLE DOMINANCE – 10.83%… pic.twitter.com/ryz84MYb3o— PHOENIX – Crypto News & Analytics (@pnxgrp) December…

Solana and Ethereum will both thrive in the tokenization race and neither blockchain will push the other out of the space, says Dragonfly general partner Rob Hadick.“They are both Facebook,” Hadick told CNBC’s “Squawk Box” on Wednesday, when asked which blockchain will gain market dominance like social media platform Facebook or fall behind like the once-popular MySpace.Hadick said that with growing interest in tokenization and increasing economic activity onchain, there’s room for multiple blockchains to coexist. “There’s a lot of room in this market. If you believe that most assets are going to be tokenized, if you believe there is going…

Some Polymarket users reported that their accounts had been breached and drained, which the prediction market blamed on a third-party provider.Prediction markets platform Polymarket has pinned a series of reported user account breaches on a third-party login tool.In a post to the company’s Discord on Tuesday, Polymarket said that it had flagged and resolved a security issue that impacted “a small number of users,” after some had reported suspicious activity on their accounts.“The issue was caused by a vulnerability introduced by a third-party authentication provider,” Polymarket said. “Polymarket takes security extremely seriously, and the issue has been remediated.”It added that…

Key Takeaways Ripple-linked Evernorth is down $220M on its XRP holdings. Evernorth invested roughly $947 million to acquire about 389 million XRP. Share this article Evernorth Holdings, an XRP treasury entity backed by Ripple executives, is sitting on paper losses of more than $220 million following the coin’s recent downturn.According to data tracked by CryptoQuant, Evernorth’s XRP position totals approximately 389 million tokens, purchased for about $947 million.Based on the current XRP price of $1.86, the value of that stake has declined to $724 million, resulting in a sizable unrealized deficit for the firm.XRP, Ripple’s native crypto asset, has dropped…

Blockchain tokenization is transforming money beyond fiat currencies such as the US dollar by allowing users to save and instantly move virtually any asset across platforms, says a Kraken executive.“I think we’re past the point where money only means fiat or your local currency,” Kraken Head of Consumer Mark Greenberg told CNBC on Wednesday, adding that “anything can be money” with tokenization.“You can save in Tesla xStock, you can save in Bitcoin, or — as a Canadian — you can save in US dollars, euros, euro-denominated stablecoins, or even gold.”Kraken’s xStocks is one of several tokenized stock offerings to hit…

Data center developer WhiteFiber’s (WYFI) first long-term colocation deal at its flagship NC-1 campus with Nscale Global supports management’s execution and its original deployment timeline, investment bank B. Riley said in a report Tuesday.”We believe WYFI’s reaffirmation of its original deployment timeline demonstrates its execution capability and the benefit of the company’s retrofit model,” wrote analysts Nick Giles and Fedor Shabalin.The analysts reiterated their buy rating on the stock while trimming their price target to $40 from $44 to reflect more conservative Cloud Services assumptions. That would be about 127% upside from last night’s close of $17.62, down more than…

Key Takeaways:Sandwich attacks drained up to $500 million from Solana users in 16 months, but coordinated action cut profitability by 60–70% in 2025.415 million SOL is now staked, representing 75% of circulating supply, driven by a sharp rise in native staking and institutional inflows.Marinade Finance, Jito, and the Solana Foundation blacklisted 50+ malicious validators, protecting over $2 billion in delegated stake.Solana’s 2025 staking boom did not come without pain. As participation surged, so did MEV-driven exploitation. What followed was one of the most aggressive, coordinated crackdowns on validator-level abuse the ecosystem has seen.Read More: Solana Runs Quantum-Resistant Signatures on Testnet,…

Social sentiment toward XRP (XRP) has tanked into the “fear zone,” an occurrence that has preceded strong rallies in the past.Key takeaways:Social sentiment toward XRP has plunged into the “fear zone,” levels that have historically preceded strong rallies. XRP price must close above $2 on the daily chart to open the way toward $2.50. XRP sentiment plummetsMarket intelligence platform Santiment said on Monday that “XRP is seeing far more negative social media commentary than average,” increasing the likelihood of a “strong price rebound.”Related: Three data signals showing XRP trader demand has evaporatedThe chart below shows that the last two times fear…

Key NotesUSD1 market capitalization has moved from $2.74 billion to more than $2.91 billionThis massive uptick comes after Binance announced a yield program linked to the token.World Liberty Financial (WLFI) is working on rolling out a debit card with a retail application, linked to USD1. The USD1 stablecoin saw its market capitalization climb by $150 million on December 24, coinciding with the period when Binance announced a yield program linked to the token. The new booster incentive program is said to offer up to 20% yield. Meanwhile, the rally in market capitalization has made USD1 the seventh-largest stablecoin in the…