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Phemex reassures users with a compensation plan after $37 million hot wallet breach

Singapore-based crypto exchange Phemex has temporarily suspended withdrawals following a reported $37 million exploit targeting one of its hot wallets.On Jan. 23, the exchange announced this decision to allow for…

Continue ReadingPhemex reassures users with a compensation plan after $37 million hot wallet breach

Solana’s DEX ecosystem dominance nears 50% with record $200B trading volume

Solana’s decentralized exchange (DEX) ecosystem has achieved a record-breaking milestone, surpassing $200 billion in trading volume. This milestone represents the highest monthly volume recorded across a single blockchain. Data from…

Continue ReadingSolana’s DEX ecosystem dominance nears 50% with record $200B trading volume

Frax Finance community debates $15 million investment in Trump’s World Liberty Financial

Frax Finance‘s community is reviewing a proposal to allocate up to $15 million to World Liberty Financial (WLFI), a decentralized finance project associated with US President Donald Trump’s family. According…

Continue ReadingFrax Finance community debates $15 million investment in Trump’s World Liberty Financial

Inquiry Urged By House Lawmakers Into Trump’s Crypto Ventures Amid Corruption Claims

A Democrat lawmaker has raised alarms over what he describes as “inappropriate financial activities” linked to President Donald Trump, particularly concerning the recent launch of memecoins associated with him and…

Continue ReadingInquiry Urged By House Lawmakers Into Trump’s Crypto Ventures Amid Corruption Claims