Author: Kryptonews

APT slipped 1% to $1.56 over the last 24 hours, as wider crypto markets also retreated. The CoinDesk 20 index was 0.6% lower at publication time.The token traded between $1.62-$1.56 during the 24-hour period, establishing a $0.06 range representing 3.6% intraday volatility, according to CoinDesk Research’s technical analysis model.The model showed a battle between bulls and bears at $1.63 resistance during evening hours. Support held firm near $1.56 as momentum faded into thin holiday trading, according to the model.Volume spiked 71% above the 24-hour average to 4.69 million tokens, coinciding with selling pressure from the session peak of $1.62, the…

Payments-focused cryptocurrency XRP$1,8592 is little changed in 24 hours, in line with the broader crypto market, even after the introduction of a new product that allows holders to earn extra money without selling their tokens.On Tuesday, Upshift, Clearstar and Flare unveiled earnXRP, a vault designed to make it easier for XRP holders to generate returns on top of their spot market holdings. The new offering helps XRP holders bypass the complexities of managing DeFi strategies and pays out yield denominated in XRP.Upshift is a platform dedicated to providing toolkitx to protocols and wallets to develop DeFi earn vaults. Clearstar is…

The World Liberty Financial USD (USD1) stablecoin linked to the family of US President Donald Trump gained $150 million in market capitalization on Wednesday after Binance announced a yield program centered around the token.The stablecoin’s market capitalization climbed from $2.74 billion to $2.89 billion on Wednesday after Binance announced its “booster program,” offering up to 20% annual percentage rate (APR) on USD1 flexible products for deposits exceeding $50,000.The “first promotion” was designed to “help USD1 holders to maximize their rewards” and runs until Jan. 23, 2026, with passive yield for the bonus tiered APR distributed directly in Binance users’ earn…

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…