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Singapore’s StraitsX to expand XSGD and XUSD stablecoins onto Solana
The integration will support automated payments and onchain SGD-USD exchange. XSGD and XUSD have processed more than $18 billion in onchain transactions. StraitsX operates under MAS regulation and is exploring payments with Grab. Singapore-based stablecoin issuer StraitsX plans to extend its Singapore dollar-backed XSGD and US dollar-backed XUSD to the Solana blockchain by early 2026.…
Binance launches USD1 rewards programme with WLFI token airdrops
Binance launched a USD1 rewards campaign, distributing $40m in WLFI tokens through weekly airdrops. WLFI payouts are based on users’ net USD1 balances, with higher rewards for USD1 used as collateral. USD1’s market cap has surpassed $3 billion, while WLFI activity has increased across DeFi and payroll uses. Binance has rolled out a new rewards…
How a governance failure led to the Unleash Protocol hack
An unauthorised contract upgrade enabled direct withdrawals from the protocol. Funds were bridged to Ethereum and laundered through Tornado Cash. Assets affected included WIP, USDC, WETH, stIP, and vIP. A governance failure at Unleash Protocol has resulted in a major security breach, with attackers draining around $3.9 million in user funds. The incident was first…
DeadLock ransomware abuses Polygon blockchain to rotate proxy servers quietly
Group-IB published its report on Jan. 15 and said the method could make disruption harder for defenders. The malware reads on-chain data, so victims do not pay gas fees. Researchers said Polygon is not vulnerable, but the tactic could spread. Ransomware groups usually rely on command-and-control servers to manage communications after breaking into a system.…
HashKey raises $250M for new crypto fund on strong investor demand
The fund targets infrastructure and scalable blockchain use cases, with a focus on emerging markets. Market makers have reduced activity since the Oct. 10 crash, while ETF flows signal lower institutional participation. The raise follows HashKey’s $206 million IPO on the Hong Kong stock exchange. Institutional capital is taking a longer view of crypto markets…
LSEG launches Digital Settlement House to enable 24/7 blockchain-based settlement
London Stock Exchange has launched Digital Settlement House. DiSH is a platform for post-trade settlement with 24/7 tokenized commercial bank deposits. LSE has welcomed multiple crypto ETPs, the latest a Bitcoin and Gold ETP by 21Shares. London Stock Exchange Group has announced the launch of its digital settlement hub, a blockchain platform designed to offer…
Former NYC mayor backed token tumbles on Solana amid liquidity fears
Some crypto community members accused the project team of removing liquidity, sparking rug pull fears. Rune flagged data suggesting $3.4 million was drained from the token’s liquidity pool. Bubblemaps showed $2.5 million in USDC removed near the peak, with $900,000 not returned after partial additions. Former New York City Mayor Eric Adams has launched a…