Author: CoinNewsJunction.com

Aerodrome, the top decentralized exchange (DEX) on Ethereum Layer 2 network Base, and Velodrome, the top DEX on Optimism, suffered a front-end compromise early Saturday morning (ET) and urged users to use decentralized mirrors to access both platforms. Both projects said they are investigating the DNS hijack of their centralized domains, and reassured users that the platforms’ underlying smart contracts remain secure, in posts on X. A DNS hijack typically allows an attacker to redirect users to a scam website, even if they type in the correct domain, such as Velodrome.finance, Velodrome.box, and the Aerodrome equivalents. Though the fraudulent website could be…

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. If you spend enough time on X, which, if you’re reading this, you likely do, you’ll see the same warning popping up declaring that BlackRock, the legacy finance, is coming for crypto. The world’s largest asset manager, sitting on roughly $13.5 trillion in assets under management, has become shorthand for the institutional floodgates opening. It’s the final stamp of legitimacy. But what if that entire premise is backwards? What if, instead of BlackRock entering ‘crypto, crypto’, and…

TLDR: Cardano partition stemmed from a malformed transaction that split node versions during routine operations. Older node versions kept the chain active while newer versions struggled and caused temporary front-end issues. Hoskinson linked the incident to a targeted attack tied to activity in the Fake Fred Discord group. CryptoRus stated the chain stayed operational, framing the event as a fork caused by a node software bug. The Cardano network faced an unexpected mainnet partition that triggered widespread concern across the ecosystem. The issue surfaced after a malformed delegation transaction caused newer node versions to desynchronize.  Older versions continued running, which…

The XRP price has crashed into a crucial support level where it has failed to move below several times since December last year.  Summary XRP price has plunged to a crucial support level. The decline is primarily because of the ongoing crypto market crash. XRP sits at a crucial support level ahead of key ETF approvals. Ripple (XRP) token dropped to a low of $1.8430, down by 47% from its highest level this year. This crash has seen its market capitalization drop to $115 billion from the year-to-date high of nearly $200 billion. The ongoing XRP price crash has coincided…

The crypto crash accelerated this week, with Bitcoin tumbling to the key support at $80,000 and the market capitalization of all tokens falling to $2.90 trillion. Summary The crypto crash accelerated this week, with most coins being in the red. There are signs that a new bull run is around the corner, including the falling Fear and Greed Index. Bitcoin and most altcoins have moved into their oversold territories. Most altcoins have fallen by double digits in the last seven days, with Ethereum (ETH), Ripple (XRP), Binance Coin (BNB), and Cardano (ADA) falling by over 12%. Still, amid the ongoing…

TLDR: Senate committee advances Selig as CFTC and crypto debate accelerates across trading circles. Market demand for onchain derivatives increases pressure on CFTC rulemaking choices. Posts from Pedersen and Chervinsky frame the vote as a key policy inflection point. Retail access concerns sharpen industry focus on upcoming Senate floor action. The Senate Agriculture Committee advanced Mike Selig’s nomination for CFTC Chair on a tight 12–11 vote. No Democrats supported the move, according to reporter Brendan Pedersen.  The nomination now heads to the Senate floor for a broader decision. The shift comes as the debate over CFTC and crypto gains new…

America’s crypto momentum is erupting as urgent federal action to unlock digital asset innovation barrels toward center stage, promising transformative clarity across taxation, regulation and decentralized development. Push for Federal Crypto Clarity Intensifies A strong push for American crypto leadership is accelerating as industry groups outline swift federal actions to expand digital asset innovation. Solana […] Source link

TLDR: Coinify enables USDC payments on Algorand, streamlining merchant settlements globally. Merchants can now receive instant USDC settlements from all supported cryptocurrencies. Algorand’s low-cost, secure network underpins faster and cheaper stablecoin transactions. Integration advances adoption of USDC for commercial payments across Coinify’s merchant network. Consumers can now pay using USDC on Algorand via Coinify’s payment gateway, marking a notable crypto adoption step. Merchants can settle payments in USDC on Algorand after customers pay with any supported cryptocurrency.  The integration offers Algorand users a secure, low-cost method for stablecoin transactions across Coinify merchants. This move aligns with Algorand Foundation’s goal to…

XRP has been hit by one of its most aggressive sell waves this year, with on-chain data revealing that major whale wallets offloaded nearly 200 million XRP, roughly $400 million, within just 48 hours. Related Reading: Ethereum Dead Cat Bounce Puts Price At $3,400, But What’s The Ultimate Target? According to Santiment analytics, wallets holding between one million and ten million tokens were the primary contributors, adding significant sell-side liquidity to an already fragile market. This sudden influx of supply arrived at a time when XRP was already battling bearish sentiment across the broader crypto space. The asset slipped 10.32%…

Binance CEO Richard Teng says crypto’s recent volatility mirrors broader market conditions amid global deleveraging. Summary Binance CEO Richard Teng says crypto is not uniquely affected in the recent crash Investors in all markets are changing their risk assessments over macro uncertainty While volumes across the crypto market dipped, there are no structural shifts or liquidity issues Bitcoin’s sharp 21% decline over the past month may have spooked retail traders, but Binance’s CEO Richard Teng says there’s no need for panic. On Friday, November 21, Teng spoke at a media roundtable in Sydney, where he highlighted that the decline is…