Industry News

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

Over 1 in 20 emails are malicious, warns internet giant Cloudflare

More than 5% of all emails sent contain malicious content, with that figure surging to nearly 10% in November, according to Cloudflare's 2025 year-in-review report. Malicious emails are defined as those capable of causing harm, such as stealing credentials, data, or money. These threats are particularly relevant to crypto investors, as phishing attacks have increased in complexity and can result in irreversible losses. Deceptive links were the most common threat category, making up 52% of malicious emails. Identity deception followed at 38%, where attackers impersonate trusted individuals using spoofed domains. The most abused top-level domain was “.christmas,” with 92.7% of emails from it being malicious. Additional research from Barracuda found that one in four emails were unwanted spam, a quarter of all HTML attachments were malicious, and 12% of malicious PDF attachments were Bitcoin scams. Hornet Security also reported a 131% year-over-year increase in malware-laden emails, confirming email as a consistent vector for cyberattacks.

cointelegraph12/16 04:52

Over 1 in 20 emails are malicious, warns internet giant Cloudflare

According to Cloudflare's 2025 year-in-review report, over 5.6% of global email traffic was malicious, meaning more than one in twenty emails contained harmful content. This figure surged to nearly 10% in November. Malicious emails aim to steal credentials, data, or money, with deceptive links being the most common threat category at 52%. Identity deception followed at 38%. The report highlights that crypto investors are particularly at risk, as phishing attacks have grown more complex and damaging. Additionally, highly abused top-level domains include “.christmas,” “.lol,” and “.forum.” Other studies support these findings, noting that a quarter of HTML attachments are malicious and email remains a primary attack vector.

cointelegraph12/16 04:46

Circle's Acquisition of Axelar Sparks Controversy: Giant Wants the Team, Not the Token

Circle, the stablecoin giant, has announced the acquisition of the core team and intellectual property of Interop Labs, the initial developer of the cross-chain protocol Axelar Network. However, the deal explicitly excludes the Axelar Network project itself, its foundation, and its native token AXL. These will continue to operate independently under community governance, with another contributing team, Common Prefix, taking over Interop Labs' former activities. This "acquire-the-team, not-the-token" structure has caused significant controversy and triggered a 15% drop in the price of AXL. The crypto community is divided into opposing camps. The opposition, including VCs and prominent figures, argues the move is a de facto "rug pull." They contend it is unethical for the team and equity holders to profit from the acquisition while token holders, who funded the project's early development, are left with an asset that may now be worthless. Critics state this highlights a fundamental conflict between equity and token-based financing. Supporters, including investment chiefs, defend the move as a normal market behavior. They explain that in traditional capital structures, tokens sit at the very bottom, below debt and equity. In acquisitions, it is standard for higher-priority stakeholders to be paid first, and tokens have no inherent claim to proceeds. They argue Circle acted within existing commercial frameworks by purchasing only the most valuable assets—the talent and IP. The core conflict exposed is the ambiguous legal and economic nature of tokens. They are often narratively treated as "quasi-equity" during good times but are structurally relegated to having no rights in events like acquisitions. This case underscores the urgent need for the industry to define and institutionalize the rights and position of tokens within capital structures.

Odaily星球日报12/16 03:27

Crypto Wallets Targeted In JavaScript Library Exploit—Cybersecurity Firm

A critical vulnerability (CVE-2025-55182) in React Server Components (versions 19.0 to 19.2.0) is being actively exploited to inject malicious code into websites and steal cryptocurrency from connected wallets. The flaw, which allows unauthenticated attackers to execute arbitrary code on affected servers, has led to wallet-draining campaigns across multiple crypto sites. Cybersecurity firm Security Alliance (SEAL) warns that attackers are using the exploit to inject scripts that hijack or redirect transactions by altering user interfaces or swapping addresses. Over 50 organizations have reported compromise attempts, with scanning tools and exploit kits rapidly spreading in underground forums. Patched versions (19.0.1, 19.1.2, 19.2.1) are available, and all affected sites are urged to update immediately.

bitcoinist12/16 03:06

Interactive Brokers Opens 'Stablecoin Deposits': Why Is the Wall Street Giant Tearing Down the 'Payment Berlin Wall' at This Moment?

Interactive Brokers (IBKR), a major global electronic brokerage, has announced a landmark update allowing clients to deposit funds using stablecoins—primarily USDC—to trade traditional assets like stocks, futures, and forex. This move effectively bridges a significant gap between crypto and traditional finance (TradFi), addressing long-standing inefficiencies in fiat payment channels. Traditionally, cross-border wire transfers via SWIFT are slow (taking 1-3 business days), costly, and limited to banking hours. By leveraging blockchain technology, IBKR enables near-instant, 24/7 settlements, drastically reducing friction and improving capital efficiency for traders. Behind the scenes, IBKR likely partners with regulated entities like Paxos or Circle to convert USDC to USD seamlessly, ensuring compliance while using the blockchain as a new settlement layer. This strategic shift aims to attract crypto-native high-net-worth clients and institutions holding significant wealth in stablecoins, offering them a secure, compliant path to invest in traditional markets. It also signals the evolution of stablecoins from mere trading instruments to a foundational global payment infrastructure. However, challenges remain, including stringent KYC/AML requirements, address screening, and enhanced tax transparency. Despite these hurdles, IBKR’s move is a decisive step toward erasing the boundaries between crypto wallets and securities accounts, setting a new standard for the industry.

marsbit12/16 02:07