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Binance Co-CEO Yi He Hacked: Attackers Use Account To Shill MUBARAKAH and Other Tokens

Binance Co-CEO Yi He's dormant WeChat account was hacked on December 9, as confirmed by Binance co-founder Changpeng Zhao (CZ). The attackers gained access through an old, reactivated phone number or a SIM-swap attack, bypassing SMS-based two-factor authentication. They used her account to promote the fraudulent memecoin MUBARAKAH, causing its price to surge over 900% and allowing them to profit approximately $55,000. The hackers spent 19,479 USDT to acquire 21.16 million tokens and sold 11.95 million during the peak. Both CZ and Yi He issued warnings, emphasizing that Web2 social platforms remain vulnerable. This incident follows a similar breach of Tron founder Justin Sun's WeChat account in November. No internal Binance systems were compromised. CZ urged the community to avoid buying tokens based on social media posts and to strengthen non-crypto account security with hardware keys and stronger 2FA.

ccn.com12/10 13:20

Binance Co-CEO Yi He Hacked: Attackers Use Account To Shill MUBARAKAH and Other Tokens

ccn.com12/10 13:20

Russia Accounted for Up to 31% of Traffic on Major Cryptocurrency Exchanges in November

According to data from Similarweb cited by Wu Blockchain, Russia accounted for up to 31% of traffic on the cryptocurrency exchange Bybit in November, making it the largest source of visits to the platform. Although Bybit's overall traffic decreased by 10% month-over-month, the share of Russian users increased by 3 percentage points. Among 15 major crypto exchanges, total traffic fell by 11% in November, with no platforms showing growth. Spot trading volume on major exchanges dropped 27.8% to $1.7 trillion, while derivatives trading volume declined 15.8% to $7 trillion. Bybit ranked fourth in both spot and futures trading volumes. The Central Bank of Russia also reported an 18% decline in transaction volumes on foreign crypto exchanges in Q2 and Q3 of 2023, along with a 20% decrease in Russian users’ crypto holdings and a 28% drop in traffic from Russia to crypto platforms.

RBK-crypto12/10 13:18

Russia Accounted for Up to 31% of Traffic on Major Cryptocurrency Exchanges in November

RBK-crypto12/10 13:18

Bitwise Rolls Out New ETF For Broad Crypto Exposure, Including BTC, XRP, And ADA

Bitwise has launched the Bitwise 10 Crypto Index ETF (BITW) on the NYSE, providing investors with a single investment vehicle for diversified crypto exposure. The ETF includes ten digital assets: Bitcoin (BTC), Ethereum (ETH), XRP, Solana (SOL), Chainlink (LINK), Litecoin (LTC), Cardano (ADA), Avalanche (AVAX), Sui (SUI), and Polkadot (DOT). Notably, it is the first major crypto ETF to include Avalanche, Sui, and Polkadot. The fund launched with over $1 billion in assets and is tailored for financial advisors and retail investors using retirement accounts. While it offers exposure to smaller-cap cryptocurrencies, 90% of its holdings are allocated to Bitcoin, Ethereum, Solana, and XRP, with the remaining 10% spread across the other tokens. The ETF will rebalance monthly. Bitwise CEO Hunter Horsley stated the timing is ideal for investors seeking broad digital asset exposure without picking individual coins. Ethereum is currently the best-performing asset in the fund.

bitcoinist12/10 13:07

Bitwise Rolls Out New ETF For Broad Crypto Exposure, Including BTC, XRP, And ADA

bitcoinist12/10 13:07

Crypto market today: $311M Bitcoin short squeeze, FOMC’s rate-cut odds & more…

Bitcoin briefly rallied to $94k on December 9th before retracing to $92.5k, triggering significant market liquidations totaling $420.5 million—$311 million of which were forced short closures. This movement coincided with strong institutional confidence, as Bitcoin ETFs saw $151.9 million in inflows. Market sentiment remains cautiously optimistic ahead of the December 10th FOMC meeting, where an 87.6% probability of a 25 bps rate cut is anticipated. In regulatory developments, the OCC announced that U.S. banks can now intermediate crypto transactions as riskless principals. Additionally, Twenty One Capital, holding 43,500 BTC, debuted on the NYSE, though its shares fell 20% on the first trading day.

ambcrypto12/10 13:02

Crypto market today: $311M Bitcoin short squeeze, FOMC’s rate-cut odds & more…

ambcrypto12/10 13:02

Superstate brings stablecoin-settled stock offerings to Ethereum and Solana

Superstate has launched Direct Issuance Programs (DIPs), enabling SEC-registered public companies to raise capital directly on Ethereum and Solana. Investors can pay in stablecoins and receive tokenized shares instantly at real-time market prices. This onchain model uses Superstate’s SEC-registered transfer-agent infrastructure to update shareholder registries automatically, ensuring compliance with securities laws. The system allows companies to reduce financing costs and reach global investors, while providing instant settlement and regulatory safeguards. Superstate’s initiative builds on its growing onchain infrastructure, which has already attracted firms like SharpLink Gaming and Galaxy Digital. The tokenized real-world asset market has surpassed $24 billion, with Ethereum and Solana leading much of the activity.

cointelegraph12/10 13:01

Superstate brings stablecoin-settled stock offerings to Ethereum and Solana

cointelegraph12/10 13:01

SUI faces mixed market signals: Will ZenLedger’s integration help the altcoin?

SUI is experiencing mixed market signals as its spot trading volume declined by 42% to $511 million, indicating reduced short-term trader interest. Despite this, the integration of ZenLedger—a platform offering tax automation, accounting tools, and audit support—aims to enhance usability and address crypto tax complexities. While Total Value Locked (TVL) remains stable at $923 million, Open Interest surged by $15 million to $747.78 million, reflecting institutional engagement. The long-term outlook remains bullish, but a definitive price movement may depend on a rebound in trading volume or new liquidity inflows.

ambcrypto12/10 12:56

SUI faces mixed market signals: Will ZenLedger’s integration help the altcoin?

ambcrypto12/10 12:56

Bitcoin Holders Are Rotating Capital Into Ozak AI as Projections Show It Could Outperform BTC With a 580× Growth Outlook

A notable trend is emerging as Bitcoin holders begin diversifying their portfolios by investing in Ozak AI, an AI-powered cryptocurrency currently in its presale phase. Analysts project that Ozak AI could deliver returns as high as 580x from its current price, attracting investors seeking higher growth opportunities compared to Bitcoin’s more stable, mature market. The shift represents a strategic rotation rather than an abandonment of Bitcoin, which remains a long-term reserve asset. Investors are drawn to Ozak AI due to its position at the intersection of AI and blockchain—two high-growth sectors—as well as its strong presale performance, having raised over $4.8 million and sold more than 1 billion tokens. With Phase 7 of the presale nearing completion, Ozak AI is positioning itself as a high-upside asset for the upcoming market cycle, offering the potential for significant asymmetric returns that mirror early Bitcoin investment opportunities.

TheNewsCrypto12/10 12:50

Bitcoin Holders Are Rotating Capital Into Ozak AI as Projections Show It Could Outperform BTC With a 580× Growth Outlook

TheNewsCrypto12/10 12:50

Why 2026 Is Unlikely To Be Crypto’s Next Bust Year: Bitwise CIO

Bitwise CIO Matt Hougan argues that the traditional four-year Bitcoin cycle is no longer relevant and that 2026 is unlikely to be a down year." He identifies four historical drivers of the cycle—the halving, interest rates, major blow-ups, and randomness—and explains why each has weakened. Instead, Hougan emphasizes two major bullish factors: a regulatory shift from headwinds to tailwinds and large-scale institutional adoption. He notes that major financial institutions are beginning to allocate to crypto, a process that will unfold gradually through 2026. Reduced volatility, clearer regulation, and new financial narratives like "Bitcoin as digital gold" will further support the market. Hougan also dismisses concerns about large-scale selling from long-term holders or MicroStrategy, expecting 2026 to be an "up year" driven by structural inflows rather than cyclical patterns.

bitcoinist12/10 12:50

Why 2026 Is Unlikely To Be Crypto’s Next Bust Year: Bitwise CIO

bitcoinist12/10 12:50

Bitcoin Worth $3 Million Moved from Dormant 10-Year-Old Road Wallets

Approximately 312 Bitcoin wallets, dormant for over a decade and linked to the infamous darknet marketplace Silk Road, have been activated, moving around $3.1 million worth of Bitcoin to an unknown wallet. According to analytics platform Arkham, these transactions occurred on December 10th. The funds, which had remained untouched since 2013 when Bitcoin was valued at roughly $100, have seen their value increase nearly 1,000-fold, with Bitcoin's current price around $92,300. This $3.1 million transfer is only a portion of the total funds in the cluster, which still holds an additional $38.5 million. The movement of these coins follows the January 2025 pardon of Silk Road's creator, Ross Ulbricht, by former U.S. President Donald Trump, leading to his release from a life sentence. Prior to his pardon, Coinbase product director Conor Grogan had identified approximately 430 BTC across dozens of wallets that were suspected to belong to Ulbricht. These specific coins were never seized by authorities during the 2013 shutdown of the platform. The identity of the individual or entity behind the recent transactions remains unknown, and it is unclear if Ulbricht has any connection to them.

RBK-crypto12/10 12:44

Bitcoin Worth $3 Million Moved from Dormant 10-Year-Old Road Wallets

RBK-crypto12/10 12:44

On the Eve of Do Kwon's Trial, $1.8 Billion Is Betting on His Sentence

Summary: On the eve of Do Kwon's final sentencing hearing, LUNA and LUNA2 contracts recorded a staggering $1.8 billion in trading volume despite having no fundamental value. The market is speculating on the outcome of the trial, with extreme divergence between short and long positions. Prosecutors are seeking a 12-year sentence, while the defense argues for 5 years. This legal event has turned LUNA into a speculative instrument, detached from its original utility, highlighting how crypto markets efficiently price even events like judicial outcomes and human freedom. Regardless of the verdict, LUNA's volatility is expected to collapse post-hearing as the event-driven speculation concludes.

深潮12/10 12:44

On the Eve of Do Kwon's Trial, $1.8 Billion Is Betting on His Sentence

深潮12/10 12:44

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