Market
Hacks
Telcoin’s mobile app hack tanks TEL coin value by 35%
The crypto project assured that all impacted wallets will be restored to their previous balances.
Bankruptcy
Mt. Gox begins repaying creditors, but some report receiving double payouts
Creditors of the bankrupt Mt. Gox are reporting first payments from the firm nearly a decade after its collapse.
Trading
Bitcoin post-Christmas dip under $43k triggers marketwide liquidation of $170M
BTC's price showed weakness during the past day despite the prevailing market optimism.
Exchanges
Solana surpasses Bitcoin and Ethereum in weekend trading volume
Solana's SOL saw a higher trading volume than the top two largest cryptocurrencies by market capitalization combined.
Layer-2
zkSync Era sees 4-hour outage due to server bug
The layer-2 network's Sequencer saw an outage earlier today.
Analysis
Crypto investment products see $103 million in inflows ahead of Bitcoin ETF
The anticipation of a spot Bitcoin ETF prompts further inflows, bringing the year-to-date flow to almost $2 billion..
Regulation
Japan ends unrealized gains tax on corporate crypto assets
Japan's crypto investors have been advocating for a more lenient crypto taxation regulatory regime.
Bankruptcy
FTX appeals to FDIC for return of funds from defunct Signature Bank
FTX is mounting a legal push to reclaim philanthropic funds that had been held in a Signature Bank account before its closure.
Regulation
Hong Kong financial regulators are prepared for spot crypto ETF applications
With updated policies, Hong Kong takes decisive steps to encourage spot crypto ETFs in the market.
Gaming
Major East Asian investors launch a $100 million Web3 fund in Dubai
The Asian titans would drive digital asset initiatives in the Middle East through their new venture.
Tokenization
Solana briefly surpassed BNB in market cap as SOL approaches $100
Amid rising interest in blockchain partnerships and DeFi, Solana's SOL token challenges the $100 barrier, briefly outperforming Binance's BNB.
Legal
Ripple CEO slams SEC chair for ‘stunning hypocrisy’
SEC Chair Gary Gensler claims there is widespread noncompliance in the crypto space.