Author: James Wilson
Upbit will resume digital asset deposits and withdrawals on December 1 at 1:00 PM KST following a $37 million hack that targeted Solana-based assets. The South Korean exchange announced that all existing deposit addresses have been deleted, and users must issue new addresses before depositing funds. The security breach occurred on November 27, 2025, when hackers stole approximately 44.5 billion KRW ($30-36 million USD) from Upbit’s hot wallets. Unlike the 2019 attack which focused on Ethereum (ETH), the latest incident targeted Solana ecosystem tokens including Solana (SOL), USDC, and Bonk (BONK). North Korea’s Lazarus Group is suspected of planning the…
North Korea has spent nearly 30 years developing artificial intelligence capabilities that could accelerate crypto theft operations, according to a report from South Korea’s Institute for National Security Strategy. Summary INSS says North Korea is using banned NVIDIA GPUs to accelerate AI-driven cybercrime. AI tools in facial recognition and voice synthesis may boost industrial-scale crypto theft. Crypto hacks hit $172.5M in November, with code flaws causing most of the losses. Researchers discovered Pyongyang is using banned NVIDIA GeForce RTX 2700 graphics cards to power AI research focused on pattern recognition, speech processing, and data optimization. The findings come as crypto…
Switzerland will adopt the crypto-asset reporting framework in law from 2025 but delay automatic cross-border crypto tax data-sharing until at least 2027. Summary Swiss authorities will incorporate the crypto-asset reporting framework into national law on January 1 but postpone practical implementation by at least one year. The delay stems from suspended talks on which partner states will receive Swiss crypto account data, even as 75 countries commit to rolling out the framework. The U.S. is considering joining via an IRS proposal, while non-signatories such as Argentina, El Salvador, Vietnam and India remain outside the agreement. Switzerland has postponed the implementation…
BNB tops LunarCrush AltRank as social activity and ETF buzz rise, even while whale demand stays weak and macro pressures keep prices at discounted levels. Summary Bnb ranks first on LunarCrush AltRank, combining strong social metrics with relative outperformance versus bitcoin despite recent bearish moves. Whale demand remains subdued and broader spot markets look weak, but technicals show accumulation at recent lows and traders see prices as discounted. VanEck’s proposed Bnb spot etf and CZ’s public nod have boosted social chatter, with analysts watching if macro conditions allow any sustained price recovery. BNB, the native cryptocurrency of Binance Smart Chain, has…
Arthur Hayes warned that Tether is running a risky interest rate trade that could threaten USDT solvency if markets move against the stablecoin issuer. Summary Arthur Hayes says a 30% drop in Tether’s BTC and gold could erase its equity. Hayes argues the company’s interest-rate strategy may strain USDT solvency. Tether shuts Uruguay mining as reserves hit $181B dominated by U.S. Treasuries. The BitMEX co-founder analyzed Tether’s latest attestation report and noted that a 30% decline in the company’s Bitcoin and gold holdings would wipe out equity. The stablecoin issuer holds $9.86 billion in Bitcoin and $12.92 billion in precious…
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. The world’s central banks have embarked on a central bank digital currency, or CBDC, revolution — but midway through 2025, the results are mixed. Virtually every major economy is exploring CBDCs, rising from 35 countries in 2020 to 134 countries representing 98% of global GDP. Summary Retail CBDCs are stalling while wholesale CBDCs advance: Retail projects show minimal adoption due to redundancy with private payment apps and restrained design choices, while wholesale CBDCs see accelerating pilots with…
The World Liberty Financial token price has moved sideways in the past few days as whales have dumped it and USD1 stablecoin growth has decelerated. Summary WLFI price has formed an inverse head and shoulders pattern on the eight-hour chart. Whales have continued to dump their WLFI tokens in the past few weeks. The supply of USD1 stablecoins in circulation has dropped, a sign that its growth has lost momentum. World Liberty Financial (WLFI) price was trading at $0.1600, a range it has remained at in the past few days. This price is ~50% above the lowest level this month.…
Pi Network price had a relatively strong performance in November, as it did better than most coins. Summary Pi Network price has remained in a tight range in the past few days. The network will unlock 190 million tokens worth over $46 million in December. The token has formed a symmetrical triangle pattern on the daily chart. Pi Coin (PI) token was trading at $0.2500 today, on Nov. 30, up by nearly 70% from the all-time low. In contrast, other top coins like Bitcoin (BTC) and Ethereum (ETH) slumped to the lowest level in months. Pi Network had numerous catalysts…
In this week’s edition of the weekly recap, Visa partnered with Aquanow for regional stablecoin settlement expansion, China reinforced its prohibition on crypto, and the UK introduced comprehensive reporting requirements for cryptocurrency traders. Summary Visa expands stablecoin settlement while China and the UK tighten crypto rules. Tether exits Uruguay mining as Upbit, Polymarket and MoonPay face major shifts. Global regulators advance new licensing, reporting, and exchange liability laws. Visa extends stablecoin settlement across emerging markets The payments giant partnered with cryptocurrency infrastructure provider Aquanow to expand stablecoin settlement services across Central and Eastern Europe, the Middle East, and Africa regions.…
Ethereum price has slipped in the past few months, coinciding with the ongoing crypto market crash. Summary Ethereum price has formed the bullish falling wedge pattern. The network will launch the Fusaka upgrade on Wednesday. Tom Lee’s BitMine has continued buying ETH tokens this year. Ethereum (ETH) token was trading at an important support level at $3,000 on Sunday, down by nearly 40% from its highest level this year. Still, the token has numerous catalysts that may boost its price in the coming weeks. One of the main catalysts is the upcoming Fusaka upgrade, which will happen on December 3…