Author: Kryptonews

In brief Decentralized exchange Aster has refunded users who lost funds due to “abnormal price movements” on the recently debuted XPL token. It is believed that the pricing error came as a result of a “hardcoded” index price and capped mark price, which when removed prompted a big spike in XPL’s valuation. Aster’s token has dropped 12% on the day to $1.80, following the incident. Ascending decentralized exchange Aster has refunded users who lost funds due to “abnormal price movements” on the recently debuted XPL token on Thursday. The BNB Chain-based exchange has exploded in growth over the past week,…

Franck Slama, the anonymous French artist who goes by the moniker Invader, known for his pixelated mosaic artworks using ceramic tiles, recently sued the parent company of Julien Auctions for copyright infringement, theft, and violations of the visual artists’ rights act. The lawsuit alleges that 15 original artworks Invader installed at various locations around the world “were stolen from their places of installation without Invaders knowledge or consent and in such a manner that each of the works appear have been noticeably damaged, mutilated, or distorted”. Related Articles Two of the mosaics were originally installed in Tokyo, Japan, in 2014,…

Ethereum has fallen below the $4,000 level for the first time since early August, marking a significant shift in market sentiment. After weeks of strong performance, ETH has now lost nearly 20% of its value since September 13, leaving many traders concerned about the next move. The broader market correction has fueled uncertainty, but some analysts argue this is a necessary reset that could prepare the ground for renewed growth. Related Reading Top analyst Darkfost highlights that Ethereum’s Open Interest is experiencing one of its biggest resets. He notes that after an extended period of bullish momentum, excess leverage has…

The crypto market is reeling after a sharp reversal that erased nearly all of its recent gains, with Bitcoin falling below $109,000, and Ethereum slipping under $4,000.The sell-off has left traders grappling with high volatility, forced liquidations, and a renewed sense of caution across digital assets.FOMC hangoverTimothy Misir, head of research at BRN, described the current downturn as a “post-FOMC hangover,” while pointing out that Bitcoin price dropped to as low as $108,652 during the week.According to Misir:“The move flushed highly leveraged longs and prompted a swift repricing: volatility spiked, puts were bought aggressively, and front-end skew moved materially higher.”Notably,…

Aster DEX has completed compensation for users affected by abnormal price movements in its XPL perpetual trading pair. The decentralized exchange rose as an inadvertent market rival against Hyperliquid, championed by Binance founder Changpeng Zhao, as the DEX runs on BNB Chain. Aster Compensates Traders After Abnormal XPL Price Fluctuation IncidentSponsored Aster reassured the community that all impacted accounts have received direct USDT refunds, compensating users affected by anomalous XPL price movements. “Compensation for the XPL perp incident has now been fully distributed. All affected users have received reimbursement directly in USDT to their accounts. We appreciate your patience and…

BNB Chain derivatives decentralized exchange (DEX) Aster completed reimbursements to traders hurt by a glitch in its Plasma (XPL) perpetual market that briefly drove prices above market levels. According to Abhishek Pawa, the CEO of Web3 agency AP Collective, the issue stemmed from a misconfigured index hard-coded at $1. With the mark price cap lifted before the fix, XPL futures on Aster spiked to nearly $4 while other venues remained $1.30. The sudden Friday price discrepancy triggered unexpected liquidations and abnormal fee charges, causing losses to users. However, the platform moved quickly, assuring its users that all funds were safe and promising…

Cryptocurrency adoption in emerging markets poses risks to monetary sovereignty and financial resilience, credit ratings giant Moody’s Ratings said in a report on Thursday.The risks are most acute in areas where crypto’s use extends beyond investment into savings and remittances, according to the report. Moody’s suggests that higher penetration of stablecoins pegged to the U.S. dollar weaken monetary transmission when it leads to pricing and settlement increasingly occurring outside a market’s domestic currency.Stablecoins are crypto tokens pegged to the value of a traditional financial asset, such as a fiat currency, with the U.S. dollar comfortably the most prevalent. “This creates…

Michael Egorov, founder of Curve Finance, has launched Yield Basis, a decentralized protocol built to provide sustainable BTC$108,993.23 yield while eliminating impermanent loss (IL), one of decentralized finance’s longest-running challenges.Bitcoin holders have long faced limited opportunities for on-chain returns. Lending markets rarely offer more than a fraction of a percent, while automated market maker (AMM) pools have exposed users to IL — the risk of losing value when token prices diverge. Even in favorable conditions, yields rarely topped 1–2%.Yield Basis tackles this by reengineering the AMM model. The protocol removes IL risk altogether, which Egorov says will enable deeper Bitcoin…

The Trump family-backed decentralized finance (DeFi) project World Liberty Financial will launch a token buyback and burn program this week after WLFI tokens lost 41% of their value in September.On Friday, World Liberty announced that its team will implement the token buyback and burn mechanism this week. The project said the initiative would be publicly disclosed, promising to share updates on each buyback and burn once they are conducted.Token buybacks and burning mechanisms are usually implemented to absorb selling pressure when prices drop. Buybacks are when companies repurchase their tokens, while burning sends the tokens to an unusable address. The…

Falcon Finance is the 46th project to be featured on Binance HODLer Airdrops. The FF token will be available on the Binance Spot Market on September 29, 2025 13:00 (UTC) with a “Seed Tag” applied.Listing DetailsListing date: 2025-09-29 13:00 (UTC)Available trading pairs: USDT, USDC, BNB, FDUSD, and TRYBNB Lock for Airdrop period: 2025-09-14 00:00 (UTC) to 2025-09-16 23:59 (UTC)HODLer Airdrops Rewards: 20,000,000 MIRA (2.00% of max total token supply)FF Token DetailsToken Name: Falcon Finance (FF)Total Supply: 10,000,000,000 FFCirculating Supply upon Listing on Binance: 2,340,000,000 FFAbout Falcon Finance (FF)Falcon Finance is a universal collateralization infrastructure. The protocol is designed to convert nearly any…