Industry News

Solana under ‘industrial scale’ DDoS attack: Co-founder says it’s ‘bullish’

Solana has been hit by a large-scale distributed denial-of-service (DDoS) attack, with traffic reportedly peaking near six terabits per second (Tbps), as stated by co-founder Anatoly Yakovenko and others in the ecosystem. Yakovenko described the attack as "bullish," suggesting that the attacker spent as much as the chain generates in revenue. Despite the massive scale, the network reportedly showed no significant signs of stress, such as latency or delays. This is not the first time Solana has faced such issues; the network has a history of downtimes, including several in 2022 due to bugs and transaction overloads. However, downtime incidents have decreased in recent years. In comparison, Bitcoin has maintained over 99.99% uptime, with only two major downtime events since 2009. The article highlights Solana’s ongoing challenges with stability despite improvements, contrasting its performance with Bitcoin’s reliability.

cointelegraph12/16 13:11

Alexander Ray, our partner within the CTDG initiative and a Web3 entrepreneur, co-founder of Albus Protocol and JPool, has passed away

Alexander Ray, a respected Web3 entrepreneur and co-founder of Albus Protocol and JPool, has passed away. As a key partner in the CTDG initiative, he Solana ecosystem, he was known for his work on validator infrastructure and staking systems. With over two decades in enterprise software and finance, Ray focused on building long-term financial infrastructure in Web3 rather than speculative products. He founded PointGroup, which incubated projects like JPool (a Solana liquid staking platform managing over 1.3M SOL), Albus Protocol (a privacy-preserving compliance layer for regulated DeFi), and Alula (a Stellar lending protocol). Ray emphasized compliance, sustainability, and infrastructure, leaving a legacy in staking systems, tokenized assets, and on-chain regulatory solutions. His contributions continue to impact the blockchain ecosystem.

cointelegraph12/16 11:24

MEXC’s CHZ Frenzy Campaign Concludes Successfully With Over 140,000 Participants

MEXC has successfully concluded its month-long CHZ Frenzy campaign in partnership with Chiliz, attracting over 140,000 participants. The event, held from November 12 to December 11, 2025, featured a $1 million prize pool and included zero-fee trading on CHZ pairs, a staking event offering up to 400% APR, and structured rewards. Individual bonuses reached up to 2,500 USDT in futures bonuses, and Fan Token holder numbers grew by up to 640% during the campaign. The initiative highlights MEXC’s user-first approach and commitment to supporting innovative Web3 projects like Chiliz, which enables fan engagement through blockchain-based tokens.

TheNewsCrypto12/16 10:20

MEXC Launches “Trust You Can Verify”: Transparency Hub With Real-Time Reserve Verification

MEXC, a leading global cryptocurrency exchange, has launched a new "Trust You Can Verify" transparency hub. This centralized platform provides its 40 million users with access to Proof of Reserves data, which was independently audited by Hacken. The hub features verified wallet addresses, tools for individual balance verification using Merkle trees, and comprehensive security reports. It also includes educational resources on reserve verification and risk control, alongside bimonthly security updates. According to COO Vugar Usi, this initiative underscores MEXC's commitment to setting a transparent industry standard by giving users the tools to hold platforms accountable, thereby building lasting trust.

TheNewsCrypto12/16 10:20

Coinbase Unveils New Perp Listings — Which Altcoins Made the Cut?

Coinbase has expanded its derivatives offering by adding perpetual-style futures for 11 major altcoins, alongside its existing Bitcoin and Ether products. The newly supported altcoins include Avalanche (AVAX), Bitcoin Cash (BCH), Cardano (ADA), Chainlink (LINK), Dogecoin (DOGE), Hedera (HBAR), Litecoin (LTC), Polkadot (DOT), Shiba Inu (SHIB), Sui (SUI), and Stellar (XLM). These contracts are designed to replicate perpetual exposure while complying with U.S. derivatives regulations, differentiating them from traditional perps offered by offshore or decentralized exchanges. The selection emphasizes large-cap, liquid tokens with established trading histories, including both legacy networks and newer layer-one protocols. Traders can access these products through Coinbase Derivatives via registered Futures Commission Merchant partners.

ccn.com12/16 09:51

BingX Celebrates Reaching 40M Users in 2025 With Beyond the Alpha Campaign

BingX, a leading cryptocurrency exchange and Web3 AI company, has surpassed 40 million global users, achieving 100% year-over-year growth. This milestone highlights its rapid expansion and industry leadership. Key innovations include a $300 million AI commitment, introducing AI-powered trading tools like Bingo and AI Master, and launching the hybrid CeDeFi platform BingX Chainspot. The exchange enhanced its offerings with top-tier futures and spot trading, Copy Trading 2.0, and a new Shards rewards program. BingX prioritizes security with Proof of Reserves, a $150 million Shield Fund, and ISO 27001 certification. It also supports the community through VIP programs, BingX Academy, and strategic Web3 investments. The "Beyond the Alpha" campaign celebrates this achievement with user rewards and a branded music video.

TheNewsCrypto12/16 09:30

BingX Launches $6 Million Christmas Voyage Adventure With Trading Contests and Airdrops

BingX, a leading cryptocurrency exchange, has launched its Christmas Voyage Adventure campaign, running from December 10 to December 30. The event features a total prize pool of $6,000,000 distributed across five sub-campaigns. These include Voyage Adventure—an interactive board game where users complete missions and earn guaranteed rewards, including a chance to win 1 ETH—as well as a Solo Trading Contest with $2,060,000 in prizes, a Referral Contest offering up to $10,000, a Christmas Airdrop Day with $1,000,000 for eligible traders, and a Share & Earn social media incentive. The campaign aims to blend entertainment with trading opportunities for its global user base.

TheNewsCrypto12/16 09:18

Crypto Firms Face Daily ‘Fake Zoom’ Attacks Linked To North Korea, Experts Say

bitcoinist12/16 09:07

Tether’s Bold $1.1 Billion Juventus Play Shut Down As Exor Holds Firm

Tether's attempt to fully acquire Italian football club Juventus has been rejected by the club's majority shareholder, Exor. The holding company, which controls a 65.4% stake, stated it has no intention of selling its shares to Tether or any third party. Tether, which already owns a 10% minority stake, had offered a significant premium per share, valuing the club at approximately $1.17 billion. The stablecoin issuer had also pledged an additional 1 billion euro investment to support the club. The rejection comes as Juventus has faced sporting and financial challenges in recent years. Despite the setback, Tether's USDT stablecoin continues to see growth, with its market cap reaching a new all-time high.

bitcoinist12/16 06:02

Crypto Liquidation Wipes Out $584M in Overleveraged Bull Bets

A major liquidation event on Monday wiped out over $584 million in leveraged cryptocurrency positions, affecting nearly 182,000 traders. Bullish bets suffered the most, accounting for 87% of the total losses. Bitcoin and Ethereum saw forced closures of $174 million and $189 million, respectively, as prices fell below key support levels. The sell-off, largely driven by overleveraged long positions rather than fundamental market weakness, triggered cascading liquidations—particularly on Binance, Bybit, and Hyperliquid, which handled 75% of the activity. Despite the sharp decline, spot prices stabilized, suggesting the event was more about excessive leverage than a broader shift in sentiment. Altcoins like Solana and Dogecoin also experienced significant liquidations.

TheNewsCrypto12/16 05:40