Industry News

Tracks company news, strategic changes, funding activities, and personnel adjustments across the blockchain and crypto industries, delivering a full-spectrum industry overview for our users.

Upbit Shifts Nearly All Assets to Cold Storage as Exchange Responds to Security Concerns

Following a hack that stole $30 million from a Solana hot wallet, Upbit is shifting nearly all customer assets to cold storage, now holding approximately 99% of funds offline. This move places it among the most conservative exchanges globally in terms of online asset exposure, surpassing cold storage ratios of major competitors like Coinbase and Kraken. The decision follows Upbit's second significant security breach and aligns with stricter regulatory expectations in South Korea. While this enhances security, analysts caution that minimal hot wallet reserves could slow withdrawals during high volatility, potentially exacerbating price discrepancies in Korea’s closed crypto market. Upbit has committed to reimbursing affected users and assures that its rebuilt systems will maintain liquidity under normal conditions.

bitcoinist12/11 00:06

Upbit Shifts Nearly All Assets to Cold Storage as Exchange Responds to Security Concerns

bitcoinist12/11 00:06

Bitpush Daily News Highlights: Fed cuts rates by 25 basis points as expected; Fed to purchase $40 billion in Treasury bills within 30 days; Gemini approved by CFTC to enter prediction market

Federal Reserve cuts interest rates by 25 basis points as expected, bringing the benchmark rate to 3.50%-3.75%. The Fed will purchase $40 billion in Treasury bills over the next 30 days. Gemini receives CFTC approval to enter the prediction market with its new platform, Gemini Titan, initially offering binary contracts and planning to expand into crypto derivatives. State Street Bank and Galaxy Digital announce plans to launch SWEEP, a tokenized liquidity fund on Solana in 2026, using PayPal’s PYUSD stablecoin for redemptions. If SpaceX IPOs at a $1.5 trillion valuation, Elon Musk’s net worth could reach $952 billion. Sei partners with Xiaomi to pre-install a Web3 wallet and app discovery platform on new smartphones outside China and the US, with plans to introduce stablecoin payments in retail by 2026.

比推12/10 23:46

Bitpush Daily News Highlights: Fed cuts rates by 25 basis points as expected; Fed to purchase $40 billion in Treasury bills within 30 days; Gemini approved by CFTC to enter prediction market

比推12/10 23:46

Ethereum Narrative Ends, BTC L2 Fights Back? 20 Major Predictions for the Crypto Industry in 2026

The article "20 Predictions for Crypto in 2026" presents a forward-looking analysis of the cryptocurrency industry. Key predictions include: Ethereum's value shifting towards asset value rather than tech narrative; stablecoin issuance outpacing Layer2 growth; the decline of rollup clusters and privacy-focused projects; the end of retail mining in favor of ETF-like on-chain vaults; and a major hack in "trustless asset management" protocols causing over $100M in losses. Other forecasts highlight the launch of Bitcoin Layer2 solutions, adoption of non-USD stablecoins, and Rollups competing through applications rather than infrastructure. AI is expected to replace communities for asset discovery, while traditional NFTs won’t recover. Celebrity-issued creator tokens on Base will fade quickly. Additional trends include custom Uniswap v4 pools for RWAs, exchanges pushing on-chain products, a shift from retroactive to future governance funding, and a resurgence in token launches. DAOs and delegates will decline in influence, network states may issue real-world assets, AI bug detection tools will emerge (but not replace audits), and prediction markets will face regulatory scrutiny due to insider incentives. The article concludes by emphasizing that these are personal predictions and not investment advice.

比推12/10 22:35

Ethereum Narrative Ends, BTC L2 Fights Back? 20 Major Predictions for the Crypto Industry in 2026

比推12/10 22:35

Pantera, Coinbase back Surf’s $15M push to build crypto-native AI models

Surf, an AI platform for digital-asset analysis, has raised $15 million in a funding round led by Pantera Capital, with participation from Coinbase Ventures and DCG. The funds will support the development of Surf 2.0, which includes more advanced AI models, expanded proprietary data sets, and new agents for multi-step analytical tasks. Since its July launch, Surf has generated over one million research reports and achieved significant annual recurring revenue, serving major exchanges and research firms. Its multi-agent architecture analyzes onchain data, market behavior, and social sentiment through a chat interface, reducing manual workloads. The article also notes the growing convergence of AI and crypto, citing recent funding rounds for AI startups like Nous Research and Catena Labs, as well as Coinbase’s AI tool “Based Agent.” Additionally, a “human vs AI” trading competition hosted by Asterdex is currently underway, with human traders leading in returns as of mid-December.

cointelegraph12/10 21:45

Pantera, Coinbase back Surf’s $15M push to build crypto-native AI models

cointelegraph12/10 21:45

GameStop Q3 earnings miss estimates, pressured by soft sales and lower BTC gains

GameStop reported disappointing Q3 2025 earnings, missing analyst revenue estimates with $821 million compared to the expected $987.29 million. The company’s weak performance was driven by declining core sales and reduced gains from its Bitcoin holdings. Although GameStop holds 4,710 BTC with a net unrealized yearly gain of $19.4 million, it recorded $9 million in unrealized losses this quarter. The company’s shift to a Bitcoin treasury strategy earlier in the year initially boosted its stock but failed to sustain momentum, with shares declining significantly following the announcement. CEO Ryan Cohen mentioned exploring crypto payments and reducing reliance on physical game sales, but the stock continues to struggle amid broader challenges in the digital asset treasury sector.

cointelegraph12/10 21:28

GameStop Q3 earnings miss estimates, pressured by soft sales and lower BTC gains

cointelegraph12/10 21:28

ChronoForge to shut down amid funding collapse and Web3 gaming turmoil

ChronoForge, a Web3 game studio developing a multiplayer action RPG with onchain asset ownership, is shutting down by December 30 due to severe financial difficulties. The studio cited funding shortfalls, an 80% staff reduction, and poor market sentiment in the Web3 gaming sector. Founders had been financing development personally since July. The closure reflects broader challenges in GameFi, where funding has dwindled and user interest has declined. A 2024 report indicated 93% of Web3 game projects were defunct, with token prices down 95% from all-time highs. Despite these struggles, gaming remained one of the most active sectors in Web3 in October, accounting for nearly 28% of decentralized application activity.

cointelegraph12/10 20:36

ChronoForge to shut down amid funding collapse and Web3 gaming turmoil

cointelegraph12/10 20:36

ETHZilla moves into onchain housing finance with 15% Zippy acquisition

ETHZilla (ETHZ) has acquired a 15% stake in digital housing lender Zippy for $5 million in cash and $16.1 million in stock, marking its second acquisition in a week as part of a broader move into real-world asset (RWA) markets. The partnership aims to integrate Zippy’s loan-origination and AI-powered systems with ETHZilla’s tokenization platform to bring manufactured-home loans onchain. As part of the deal, ETHZilla gains a board seat and a 36-month exclusivity agreement with Zippy. Despite this expansion, ETHZilla’s stock has declined roughly 10% following the announcement, continuing a downward trend seen across several Ether treasury companies amid falling ETH prices.

cointelegraph12/10 19:58

ETHZilla moves into onchain housing finance with 15% Zippy acquisition

cointelegraph12/10 19:58

Ethereum Rewards Keep Rolling In As SharpLink Posts Fresh Staking Gains

Despite ongoing price volatility, major companies continue to lock in on Ethereum, leveraging staking to grow their ETH portfolios. SharpLink Gaming, the first publicly traded company to adopt ETH as a primary treasury reserve asset, reported significant staking gains, earning over 446 ETH (worth approximately $1.38 million) in just one week. Their cumulative staking rewards have now reached 8,776 ETH, generating an estimated $70 million in annual income. This performance highlights the strength of Ethereum’s proof-of-stake network and SharpLink’s compounding treasury strategy. Meanwhile, Ethereum whales have resumed accumulation, adding 949,240 ETH ($3.15 billion) over three weeks, while smaller retail investors have been selling. ETH’s price rose 8.5% amid this bullish sentiment.

bitcoinist12/10 19:12

Ethereum Rewards Keep Rolling In As SharpLink Posts Fresh Staking Gains

bitcoinist12/10 19:12

Vanguard’s 50M+ clients will soon gain access to crypto ETFs: Why this is significant

Vanguard is granting its over 50 million clients access to select third-party spot crypto ETFs, including those tracking Bitcoin, Ether, XRP, and Solana, marking a significant shift from its previous anti-crypto stance. This move provides a regulated and convenient pathway for investors to gain exposure to digital assets through conventional brokerage accounts. While Vanguard will not launch its own crypto products or support memecoins, the decision reflects growing institutional legitimacy and sustained demand for crypto. The policy change aligns with broader trends, as major firms like BlackRock and Bank of America have already integrated crypto offerings. This development may influence market dynamics and further validate cryptocurrencies as part of diversified investment portfolios, though Vanguard continues to emphasize the asset's volatility and risks.

cointelegraph12/10 19:05

Vanguard’s 50M+ clients will soon gain access to crypto ETFs: Why this is significant

cointelegraph12/10 19:05

Galaxy expands to UAE as part of Middle East push

Galaxy, a digital asset management firm, is expanding into the Middle East by establishing a new office and entity in Abu Dhabi under the Abu Dhabi Global Market (ADGM). The move aims to strengthen existing partnerships and tap into the region's growing financial hub, which is home to sophisticated investors. This expansion follows Galaxy's strong Q3 2025 performance, with $505 million net income and $3.2 billion in equity. The UAE has recently approved several crypto firms, including Binance, Bybit, and stablecoin issuers like Tether and Circle, further solidifying its role as a key market for digital assets.

cointelegraph12/10 18:50

Galaxy expands to UAE as part of Middle East push

cointelegraph12/10 18:50

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