The developer of Bitcoin-focused defi platform ALEX Lab says North Korean hackers are likely behind the latest $4 million attack.
North Korean hacker group Lazarus Group is very likely responsible for the attack that left Bitcoin-focused defi platform ALEX Lab without $4 million worth of tokens earlier in May. In an X post on Jun. 25, ALEX Lab’s official account said there’s “substantial transaction evidence” showing that the attack is linked to the Lazarus Group.
In mid-May, ALEX Lab was drained of more than $4.3 million in multiple tokens following the attack on its bridging service. Shortly after the attack, ALEX Lab developers revealed in a now-deleted X post they “identified the individual responsible for the recent security breach.” At the same time, the team offered a 10% bounty for the return of 90% of the stolen funds. Later on, the post was quietly removed without further explanation.
The ALEX Lab team assures its customers that it is “actively collaborating with international law enforcement and cybersecurity experts to address the implications of this attack and to recover lost assets,” adding that “enhanced security protocols are being implemented.”
Launched in 2021 by former bankers Chiente Hsu and Rachel Yu, ALEX Lab was developed to simplify the use of decentralized finance (defi) services on Bitcoin via Stacks, a platform for smart contracts. According to data from CoinCarp, the startup raised a total of $18.3 million, though its valuation hasn’t been disclosed.
ALEX Lab, a Bitcoin DeFi application, has linked its recent exploit to the notorious North Korea-backed Lazarus Group.
Last month, ALEX Lab suffered a significant security breach that resulted in the loss of over $4 million worth of various tokens after attackers gained access to the private key controlling its XLink bridge.
In a June 15 statement, the project highlighted three crypto wallet addresses “crucial in tracing the culprits and the flow of stolen assets.” These addresses interacted with a Lazarus-related address, sending funds to a Tron address regularly used by the group.
As a result, it was concluded that the hacking incident was connected to the nefarious hacking group. It stated:
“After extensive forensic analysis and investigations facilitated by blockchain analyst ZachXBT who provided critical assistance on transaction tracing, there is substantial transaction evidence linking the attack to the Lazarus Group, a notorious hacker collective believed to be associated with the North Korean government.”
Over the past few years, Lazarus Group has emerged as one of the most notorious hacking groups targeting the crypto industry. A Chainalysis report estimated that the North Korean hackers have stolen over $3 billion in the past five years.
No asset recoveryMeanwhile, ALEX Lab revealed that most stolen STX tokens were frozen on centralized exchanges (CEXs). It added that it will inform users when the funds become available for return.
CryptoSlate Daily Brief
Daily signals, zero noise.Market-moving headlines and context delivered every morning in one tight read.
5-minute digest 100k+ readers
Free. No spam. Unsubscribe any time.
You’re subscribed. Welcome aboard.
The project explained:
“Many of those STX that we traced to CEXs are currently frozen with the relevant exchanges indicating that they will continue to freeze stolen assets pending the police investigations.”
Further, it stated that it collaborated with the Singapore Police Force and cybersecurity experts to recover the stolen assets.
In the meantime, Alex Lab has resumed most of its operations, including token migration and reopening unaffected liquidity providers.
ALEX, the native token of Bitcoin layer-2 (L2) bridge ALEX Lab, emerges as the top gainer among the largest 500 crypto assets over the past 24 hours.
This remarkable uptrend comes on the back of the broader recovery campaign engineered by Bitcoin (BTC) and the altcoin market. Despite the sustained selloffs from the German government, BTC rebounded on July 9, coinciding with a similar increase in ALEX’s price.
ALEX price – July 11 | Source: CoinMarketCap However, while the flagship crypto asset witnessed a correction on July 10, ALEX maintained its bullish trajectory. The token spiked 21.72% yesterday, further building on the momentum to register a 57% increase this morning.
Remarkably, ALEX has increased 108% since Monday, leveraging the renewed market-wide strength to breach key resistance levels. Amid the bullish run, the asset has now breached the 50% Fibonacci retracement zone at $0.1379, flipping it into support. ALEX now eyes the Fib. 61.8% level at $0.1566.
ALEX emerged as the top gainer among the leading 500 cryptocurrencies with a 70% rally in the past 24 hours. the asset is trading at $0.14 at the time of writing. Its daily trading volume spiked 1,245%, reaching $49.91 million, indicating increased interest among market participants.
This bullish momentum comes two months after ALEX Lab suffered a $4.3 million hack, an attack it attributed to the Lazarus Group. The ALEX token tumbled 28% following the incident. While the event impacted investor sentiment, confidence in the protocol has since returned, recently evidenced by the latest demand around its native token.
Launched in 2021, ALEX Lab is a layer-2 Bitcoin defi protocol running on Stacks smart contracts. The protocol provides a launchpad, a decentralized exchange (DEX) and a lending and borrowing market.
PANews reported on May 18th that the ALEX Lab Foundation submitted governance proposal AGP-8, proposing structural adjustments to the ALEX protocol, including ceasing ALEX community token issuance, closing the Treasury Grants Program (TGP), and introducing a protocol-driven token buyback and burn mechanism. Currently, the circulating supply of ALEX is approximately 973 million, close to the 1 billion limit. If the proposal passes, the next 32 cycles will be the final ALEX issuance cycle, after which no new tokens will be issued. Approximately 1.568 million STX tokens remain unclaimed in the TGP 2024 treasury. After a 30-day grace period, the ALEX Lab Foundation will use these funds to buy back and burn ALEX tokens at market prices. Future protocol revenue, after covering operating costs, will also be used for continued buybacks and burns. This proposal marks ALEX's shift from an inflationary to a deflationary model. Voting will take place from 10:00 AM on May 17th to 10:00 AM on May 31st (UTC+8).
In the past two days, Bitcoin triumphantly hit the critical level of $20K. This sudden push from the primary crypto asset was after hovering between $18K and $24K regions for some months. But following the effects of some macroeconomic factors, the price of BTC was rounding the $19K region.
This year has been the toughest for crypto assets and other financial instruments. But the struggle to remain valuable is seemingly paying off as most coins are currently regaining loss values. Even though the Feds are still hawkish, the market is gradually moving towards a bullish sentiment.
However, the bullish trend in the broader crypto market is spreading gradually. The leading crypto kept its position strongly despite the bears struggling to take over.
The appearance of the bulls has deterred further decline for BTC. Other cryptocurrencies are taking to the north, with Ethereum Name Service (ENS) emerging as the top performer.
With the new movement of prices, the cumulative market cap has hit $964.91 billion, indicating a surge of 0.70% over the past 24 hours. The overall implication of events shows a slight improvement in the trend compared to yesterday and last week. However, the broader crypto market sentiment still has elements of fear.
Bitcoin Consolidates The $20K Level After hitting the critical level of $20,000 a few days ago, Bitcoin is currently displaying its sustainability. The asset has defended its stance on the level and also made an impressive consolidation. This was noted in the early trading hours of September 6, as the price of BTC reached $20,200.
It’s worth noting that the bears tried to pull down the price of Bitcoin yesterday as the token recorded $19,730 on Binance. Remaining at the critical level is the only chance for the leading crypto to make further uptrend.
At the time of writing, Bitcoin is hovering around $19,862 depicting a loss. Its market cap has reached over $386.2 billion, while its dominance over altcoins is at 40.04%.
Bitcoin depicts a loss on the chart l BTCUSDT on Tradingview.com Altcoins Are Calm, While ENS Surged The price movement for the altcoins show calmness, with a minimal drop for a few tokens. Most of the assets have consolidated their reclaims in the past day.
But the Ethereum Name Service’s coin, ENS is taking the lead with an almost 11% increase in today’s early hours trading. At the press time, ENS is trading at $16.91. EVMOS is closely following. Recall that EVMOS was the worst crypto asset in price performance as of yesterday. For Ripple (XRP), it seems to be a time of strength with progressive performance.
Featured image from Forbes, chart from TradingView.com
Cosmos [ATOM] made it to the list of top inter-blockchain communication (IBC) protocol projects as of 18 October. According to the data at hand, ATOM’s weekly active users surpassed all other cryptocurrencies that made it to the list.
The IBC allows independent blockchains to directly communicate and trade assets with each other. Therefore, this development added much value to the blockchain as it represented the capabilities of ATOM.
The token’s price also corresponded to this development as it registered nearly 3% weekly gains. According to CoinMarketCap, ATOM’s press time price was $12.45 with a market capitalization of $3,564,241,363.
Several developments also in the ecosystem acted as the cherry on the cake and suggested a price surge in the near future. For example, 17 new projects were recently added to the Cosmos ecosystem, which looked quite promising.
Alpha Google Sheet Has Been Updated.
Check it out: https://t.co/KOpn45NUUQ
Added Updates:
➕ 17 New Cosmos $ATOM Ecosystem Projects.
➕ 30 New Projects Without Tokens.
➕ 29 Early Stage Projects on the $APT Ecosystem.
🧵Total Projects: 290+ pic.twitter.com/vDgdB0Jb0S
— Airdrop Official 🦇🔊 (@its_airdrop) October 17, 2022
A sky full of Cosmos… In addition to the aforementioned developments, ATOM’s metrics also painted a bullish picture for the coin. Several metrics suggested a price surge in the near future. For instance, after registering a decline, ATOM’s volume went up, which was a bullish signal.
Source: Santiment ATOM’s Binance funding rate also witnessed a surge in the last few days, thus indicating higher interest from the derivatives market. Not only this, but ATOM’s social volume also spiked, representing ATOM’s popularity levels within the crypto community.
Source: Santiment However, not everything was working in ATOM’s favor as its development activity went down considerably, which is a red signal as it indicates less effort from the developers in improving the blockchain.
… and bears apparently A look at ATOM’s daily chart revealed that the bulls and the bears were fighting a battle. The Exponential Moving Average (EMA) Ribbon indicated a similar situation with the bears having a slight edge in the market. Moreover, ATOM’s Relative Strength Index (RSI) rested below the neutral position.
Nonetheless, other market indicators were positive and suggested a price surge in the coming days. The Moving Average Convergence Divergence (MACD) displayed an attempt to make a bullish crossover. ATOM’s Chaikin Money Flow (CMF) did manage to cross the zero line, but moved sideways at press time.
Renowned crypto payment platform Ripple Labs Inc has signed a partnership deal with Evmos, an Ethereum Virtual Machine (EVM) chain built with the Cosmos SDK. Per the deal, the duo plans to build an EVM sidechain for XRP Ledger (XRPL).
XRPL Joins Interchain According to Cosmos, the sidechain will be built with evmOS, a modular and customizable tech stack designed by Evmos. This alliance to build a sidechain with Evmos is already in Devnet and would involve core developer Peersyst Technology. Aside from Cosmos SDK, Evmos also utilizes Inter-Blockchain Communication Protocol (IBC), and CometBFT. These advanced protocols are all geared toward bringing EVM compatibility to Web3.0 businesses.
Markedly, evmOS bring access to over 60 Cosmos SDK chains via the IBC. This upcoming XRP Ledger EVM sidechain is very compatible with industry standards. Additionally, it is joining the Interchain, known to be one of the most versatile in the Web3.0 ecosystem.
This tech stack has other features and modules that are focused on facilitating the implementation of the EVM for Cosmos SDK. Amongst its compatible features are IBC functionality, EVM extensions, access to the dApp Store, and complete customizability. Pulled together, all these presents evmOS as more than just lines of code but rather a ready-to-launch solution designed to cater to everyone.
“The evmOS stack prioritizes native, cross-chain applications and is built with the Cosmos SDK, running on the CometBFT consensus engine,” Cosmos wrote in a blog post. “The modular nature of evmOS will offer XRPL developers unseen flexibility in expanding the XRPL EVM sidechain on their terms.”
XRP Ledger Pushes For Community Satisfaction For XRP Ledger, this marks a significant move towards bringing its community members, Decentralized Applications (dApps), and liquidity to a network of more than 90 interconnected chains. Noteworthy, the interchain now pride itself as a vibrant and dynamic network that fosters synergy among diverse blockchain projects.
Similarly, bringing XRP Ledger to the interchain makes it possible for XRPL community members to gains a passport to all Cosmos SDK chains. Ultimately, this provides users with freedom to interact with any application of their choice.
This EVM push comes only a few months after XRPL welcomes Xahau Ledger, a smart contract sidechain. Like evmOS, the Xahau Ledger also came with some features that allow building things with everyday life utility.
The XRPL ecosystem is keen on improving its platform to cater to its users and compete in the growing DeFi world.
Strategic advancements are crucial in the swiftly transforming realm of cryptocurrency. Ripple’s collaboration with Evmos and Peersyst seeks to enhance blockchain interoperability, while the fluctuating prices of Arweave underscore market instability. However, BlockDAG has managed to distinguish itself by unveiling the beta version of its X1 mobile miner app during a captivating keynote, alongside a successful $41.6 million presale. Its refreshed dashboard and promising ROI highlight a promising trajectory, positioning BlockDAG as a major contender in the blockchain ecosystem.
Ripple’s EVM Sidechain Project Ripple’s partnership with Evmos and Peersyst to create an Ethereum Virtual Machine (EVM) sidechain based on the XRP ledger marks a significant advancement in blockchain interoperability. By leveraging Evmos’s evmOS with the Cosmos SDK, this initiative boosts Ethereum compatibility while also supporting Web3 business applications.
Moreover, the sidechain will utilize the Inter-Blockchain Communication Protocol (IBC) to link with over 60 blockchains within the Cosmos network. This integration expands XRPL’s functionality, enabling seamless asset and data exchanges across multiple blockchain platforms and potentially paving the way for more innovative and inclusive blockchain applications.
Arweave’s Price Volatility Arweave (AR) is witnessing fluctuating price movements, signaling possible sharp changes ahead. The cryptocurrency has displayed upward and downward trends, adding to market uncertainty. On the bullish side, Arweave has strong support levels and rebounds from recent lows, showing solid buyer interest and price defense. Increased trading volumes and rising interest in Arweave’s unique data storage solutions have bolstered its upward momentum. However, Arweave faces resistance at key levels, preventing significant breakouts. Market volatility and wider economic challenges exert downward pressure, causing sporadic price drops. Technical indicators suggest that further consolidation may occur before a decisive move materializes.
BlockDAG’s X1 App: Pioneering Crypto Mining BlockDAG (BDAG) is capturing considerable attention thanks to its successful presale and innovative strides. In an awe-inspiring keynote streamed from the moon, BlockDAG introduced the beta version of the X1 mobile miner app. This revolutionary app empowers users to mine BDAG coins directly from their smartphones, making crypto mining more accessible. The impressive $41.6 million raised in the presale underscores the strong investor confidence in BlockDAG. BlockDAG’s newly revamped website dashboard significantly improves user experience and transparency. It features real-time transaction updates, detailed purchase histories, and a comprehensive leaderboard highlighting top purchasers. These enhancements foster a more engaged community, ensuring users stay informed and connected. Such updates reflect BlockDAG’s unwavering commitment to innovation and transparency.
BlockDAG’s potential for substantial returns is impressive. Experts predict an astonishing ROI of up to 30,000x, fueled by the platform’s innovative features and strong market presence. With the upcoming mainnet launch and strategic marketing initiatives, BlockDAG is solidifying its position as a powerful player in the cryptocurrency arena. This blend of advanced technology and a community-centric approach makes BlockDAG an appealing choice for investors seeking promising opportunities in the crypto market.
Final Insights While Ripple advances blockchain compatibility and Arweave deals with market fluctuations, BlockDAG shows significant promise. The X1 mobile miner app beta launch, its successful $41.6 million presale, and the enhanced user-friendly dashboard highlight a promising future. BlockDAG’s strategic developments and anticipated high returns make it a prominent player in the blockchain industry, presenting a powerful story of growth and innovation. With the current price at just $0.0095 in batch 16, now is the perfect time to invest in this high-potential cryptocurrency. Take advantage of this opportunity! Join BlockDAG Presale Now: Website: https://blockdag.network Presale: https://purchase.blockdag.network Telegram: https://t.me/blockDAGnetworkOfficial Discord: https://discord.gg/Q7BxghMVyu
Disclaimer: This is a Press Release provided by a third party who is responsible for the content. Please conduct your own research before taking any action based on the content.
A Web3 security researcher received $150,000 from the Cosmos Network for identifying a critical bug that could halt the Evmos blockchain and all its decentralized applications.
On Oct. 29, a Web3 security researcher from Spearbit with the username jayjonah.eth made an X post containing a blogpost he wrote about finding a bug in the Evmos(EVMOS) blockchain that could have proved catastrophic to its operations.
His efforts were rewarded by the Cosmos Network with a $150,000 payout for identifying the vulnerability. He discovered the bug while participating in the Evmos Bug Bounty Program on the bug bounty platform Immunefi, which has been active since November 2022.
A crypto bug bounty offers incentives to developers and researchers to help identify bugs and vulnerabilities within a system.
In his blog post, the researcher explained that he came across the concept of “module accounts” while reviewing the Cosmos documentation, describing this review as “the first step” in identifying potential problems, as the documentation provides “the foundation” for understanding a blockchain.
He found a section within the document which read as follows:
“Typically, these addresses are module accounts. If these addresses receive funds outside the expected rules of the state machine, invariants are likely to be broken and could result in a halted network,” wrote Evmos.
According to jayjonah.eth, this clause indicated that if users sent funds to module accounts, it could cause the blockchain to break. He then tested this by sending funds to the module accounts.
“At this point, no more blocks are being produced and the chain has completely halted. This breaks the Evmos blockchain and all the DApps built on it,” he wrote.
He reported his findings to the Evmos team, receiving $150,000, the highest prize awarded for a “critical” level bug. The researcher emphasized that the bug was a “low-hanging fruit” — simple yet easy to overlook.
“This bug taught me a few important things as a security researcher. The first, and most obvious, is to always thoroughly read the documentation of the project you’re investigating,”
-jayjonah.eth.
Other projects have also been known to launch bug bounties to help detect hidden threats in their systems. Last August, Layer3, a decentralized attention layer project, launched a bug bounty program in partnership with HackenProof. The bug bounty offers a reward of up to $500,000.
In July, Immunefi collaborated with the Ethereum Foundation to launch “Attackathon,” an audit contest designed to challenge and enhance the Ethereum network’s security.
Market Sentiment: Current sentiment among smart money and retail funds in the market is at a neutral level.
According to the latest data from SentimenTrader, as of June 24, the Smart Money Confidence Index stands at 0.56, while the Dumb Money Confidence Index is at 0.49. Both smart money and retail investor sentiment are currently in the neutral range, with no clear optimistic or pessimistic bias emerging in the market.
3 minutes ago
Sandisk's tokenized stock SNDK is now live on the Solana network.
According to official announcements, Sandisk’s tokenized stock SNDK has officially launched on Solana via Sunrise. SNDK is the tokenized stock representing SanDisk, the storage chip manufacturer. Users can now trade SNDK 24/7 through various wallets and applications within the Solana ecosystem, even when traditional stock markets are closed.
3 minutes ago
Jiang Zhuoer: This round of Bitcoin bear market may bottom out in Q4 2026, with a target range of $42,000 to $44,000.
BTC.TOP founder Jiang Zhuoer wrote in a post that Strategy’s modified net asset value (mNAV) has fallen to 0.72, near the 0.7 low hit in May 2022 during the last bear market. Citing recent market sentiment events including STRC’s depegging, he noted that mNAV is now in the bottom zone of this cycle. mNAV usually bottoms roughly six months before Bitcoin’s price. Using the "four-year cycle" and volatility decay model, Jiang projected that this Bitcoin bear market will likely bottom between October and December 2026, with a target price range of $42,000 to $44,000. He added that his recent medium-short term strategy remains focused on selling spot assets and holding short positions, and will switch to buying spot and going long once the expected bottom arrives.
3 minutes ago
The VIX Fear Index for the US stock market stands at 18.63 today, with fear sentiment intensifying in the crypto market.
According to Cboe data, the U.S. stock market's VIX Fear Index stands at 18.63 as of today, down 0.86 points from the prior reading of 19.49, marking a decline of approximately 4.41%. Separately, per Alternative data, the Crypto Fear & Greed Index is at 12 today (compared to 17 yesterday), indicating intensifying extreme fear sentiment.
3 minutes ago
Bank of Japan Board Member: Should Accelerate Pace of Interest Rate Hikes If Upside Inflation Risks Intensify
Bank of Japan (BOJ) Policy Board member Naoki Tamura stated that if upside risks to price growth intensify further, the BOJ should not hesitate to accelerate the pace of interest rate hikes or raise rates by a larger margin. He projected that the BOJ will implement interest rate hikes every few months until its policy rate reaches the neutral level of around 2%. (Golden Ten)
3 minutes ago
Crypto token M plunged over 80% in a short period, hitting a low near $0.5.
According to HTX market data, the token M saw a sharp short-term price plunge, with its decline once exceeding 80% and hitting a low of around $0.5, and is now trading at $0.54.
ARPA crypto saw a 43% price surge in the last 24 hours, with its market capitalization now exceeding $91 million. Despite signs of overbought conditions, ARPA maintained a bullish momentum. According to data, ARPA crypto has emerged as the highest gainer in the last 24 hours.
Although there have been corrections in the last 24 hours, the asset maintains the top spot among the top 500 crypto assets with the largest market capitalization.
ARPA crypto emerges as top gainer In the past 24 hours, ARPA crypto has risen to become the top-performing asset, according to CoinMarketCap. Its value has surged by over 43%, solidifying its position as the biggest gainer.
This impressive increase has boosted its market capitalization to over $91 million. At the same time, its trading volume has skyrocketed by more than 4,000%, reaching a remarkable $378 million.
Signs of corrections Although ARPA crypto experienced a sharp rise, analysis of its daily chart revealed signs of a price correction.
After hitting a recent high of $0.0690, it has pulled back by 4.33%, trading around $0.0596 as it encountered resistance.
This correction may indicate the start of a consolidation phase or a pullback before another potential price surge.
Source: TradingView Also, it was trading well above its 50-day moving average, around $0.0413 at press time, signaling that the bullish momentum had driven prices higher.
The spike has also breached the upper bound of the Ichimoku Cloud, signaling a breakout.
However, this swift price movement has raised concerns that the rally may have been overextended, as momentum indicators suggest a pause could be imminent.
RSI and ATR point to overbought and high volatility The Relative Strength Index (RSI) for ARPA was 74.28, firmly in overbought territory at the time of writing. When the RSI surpasses 70, an asset may face a short-term correction as buying pressure decreases.
This aligns with the price pullback from its daily high, indicating that traders may be taking profits after ARPA’s rapid surge.
Additionally, the Average True Range (ATR), which measures market volatility, has surged to 0.0053, reflecting heightened volatility in recent sessions.
This increased volatility often accompanies sharp price movements, suggesting that ARPA crypto may experience further fluctuations before settling into a more stable trend.
What to expect next for ARPA crypto Traders should closely monitor ARPA crypto as it tests resistance near $0.0690. A breakout above this level could push the price toward $0.075, confirming the continuation of its uptrend.
On the downside, immediate support can be found near $0.0548, with a stronger support level around the 50-day moving average at $0.0413.
Given the current overbought conditions and heightened volatility, ARPA may enter a consolidation phase before its next significant price movement.
A period of sideways trading could allow technical indicators like the RSI to cool off, potentially paving the way for a medium-term rally.
However, ARPA may face a deeper retracement toward $0.050 or lower if it fails to hold key support levels.
Uquid, leading Web3 shopping infrastructure, has partnered with ARPA Network, a leader in privacy-preserving computation, for an exclusive Web3 Shopping Day. The event, supported by notable blockchain players like Binance Pay, Tron, and Gate Pay, aims to highlight advancements in decentralized commerce.
ARPA’s focus on cryptographic technology enhances security and fairness, aligning with Uquid’s mission of fostering a secure and decentralized web3 shopping ecosystem. By partnering with Uquid, ARPA focuses on embracing privacy-orchestrated solutions for blockchain applications.
Due to the proper implementation of cryptographic protocols, the system’s data is safe from intruders while remaining open to legitimate users. The application has 5,000 users, and the event has a $1.5 million pool to explore blockchain-based shopping experiences.
Uquid Offers Special Offers and Decentralized Payment Solutions Uquid offers exclusive cashback and discount vouchers to participants of the web3 shopping day. Shoppers choose from a 10% cashback voucher, a 15% discount voucher, or a 5% discount voucher, valid until 23:59 UTC on December 10, 2024. These incentives encourage broader adoption of blockchain payments for everyday transactions.
The event also highlights crypto payment solutions, allowing users to seamlessly make bill payments, mobile top-ups, game top-ups, and e-wallet top-ups. Supported by platforms such as HyperPay, Fox Wallet, and Letsexchange, these features demonstrate the versatility of blockchain technology in meeting diverse consumer needs.
A Collaborative Effort for Decentralized Commerce The collaboration between ARPA Network and Uquid’s Web3 Shopping Day illustrates the integration of innovative blockchain technology with real-world applications. Supported by additional partners like Won-Ton, Catton, and Dmail, the event emphasizes the potential of decentralized systems in transforming shopping experiences.
With ARPA’s expertise in secure computation and privacy protection, the partnership ensures that the Uquid community benefits from a trustworthy and efficient blockchain environment.
AUTHOR
Crypto journalist with years of experience providing in-depth analysis and news on blockchain and decentralized finance. With a keen eye for detail, Shahzaib delivers insightful articles that explore the latest trends, market movements, and innovations within the crypto and blockchain ecosystem. His work focuses on educating readers while offering expert commentary on the evolving landscape of digital assets, DeFi protocols, and the broader impact of blockchain technology.
CARV, a prominent platform for developing an AI chain network for data sovereignty, has announced an exclusive partnership with ARPA Network, a leading entity enhancing Web3 and AI verifiability and privacy. The strategic collaboration focuses on advancing the growth in transparency and security in the blockchain, gaming, and AI sectors. As a part of this collaboration, CARV is integrating threshold cryptography and verifiable randomness.
We’re teaming up with @arpaofficial to bring verifiable randomness and threshold cryptography to the forefront of AI, gaming, and blockchain security.
From fair game mechanics to privacy-preserving AI—real utility, cross-chain ready.
Built together with ARPA to empower a… pic.twitter.com/rMi4XSkn9l
— CARV (@carv_official) March 18, 2025 CARV and ARPA Network Ensure Security Growth in AI and Blockchain As per CARV, the partnership with ARPA Network will drive massive growth when it comes to blockchain security. As included in this endeavor, the platform will utilize the cryptographic capabilities of the ARPA Network. Verifiable randomness guarantees fairness within the gaming mechanisms and ensures tamper-proof and unpredictable outcomes.
In addition to this, threshold cryptography improves privacy-upholding AI applications. They permit relatively decentralized and secure data processing. With the merger of the strengths of ARPA Network and CARV, both entities are developing an infrastructure to enhance security. Simultaneously, they also pay considerable attention to maintaining cross-chain compatibility and scalability.
Minimizing Manipulation in Gaming and Ensuring Consumer Data Privacy The mutual endeavor delivers exclusive tools to enterprises and developers to strengthen digital networks against likely vulnerabilities. Additionally, security and transparency are the key priorities of this collaboration. The gaming platforms can leverage verifiable randomness to offer players unbiased and fair outcomes. This decreases the concerns dealing with manipulation and fraud. Simultaneously, AI applications can utilize threshold cryptography to function without the exposure of sensitive consumer data.
According to CARV, amid the wide-scale adoption of blockchain technology, the requirement for trustworthy and secure digital frameworks is also rising. The partnership with ARPA Network effectively addresses the respective issue. Moreover, the cross-chain compatibility makes such security solutions more adaptable to diverse blockchain ecosystems.
AUTHOR
Crypto journalist with years of experience providing in-depth analysis and news on blockchain and decentralized finance. With a keen eye for detail, Shahzaib delivers insightful articles that explore the latest trends, market movements, and innovations within the crypto and blockchain ecosystem. His work focuses on educating readers while offering expert commentary on the evolving landscape of digital assets, DeFi protocols, and the broader impact of blockchain technology.
Market Sentiment: Current sentiment among smart money and retail funds in the market is at a neutral level.
According to the latest data from SentimenTrader, as of June 24, the Smart Money Confidence Index stands at 0.56, while the Dumb Money Confidence Index is at 0.49. Both smart money and retail investor sentiment are currently in the neutral range, with no clear optimistic or pessimistic bias emerging in the market.
3 minutes ago
Sandisk's tokenized stock SNDK is now live on the Solana network.
According to official announcements, Sandisk’s tokenized stock SNDK has officially launched on Solana via Sunrise. SNDK is the tokenized stock representing SanDisk, the storage chip manufacturer. Users can now trade SNDK 24/7 through various wallets and applications within the Solana ecosystem, even when traditional stock markets are closed.
3 minutes ago
Jiang Zhuoer: This round of Bitcoin bear market may bottom out in Q4 2026, with a target range of $42,000 to $44,000.
BTC.TOP founder Jiang Zhuoer wrote in a post that Strategy’s modified net asset value (mNAV) has fallen to 0.72, near the 0.7 low hit in May 2022 during the last bear market. Citing recent market sentiment events including STRC’s depegging, he noted that mNAV is now in the bottom zone of this cycle. mNAV usually bottoms roughly six months before Bitcoin’s price. Using the "four-year cycle" and volatility decay model, Jiang projected that this Bitcoin bear market will likely bottom between October and December 2026, with a target price range of $42,000 to $44,000. He added that his recent medium-short term strategy remains focused on selling spot assets and holding short positions, and will switch to buying spot and going long once the expected bottom arrives.
3 minutes ago
The VIX Fear Index for the US stock market stands at 18.63 today, with fear sentiment intensifying in the crypto market.
According to Cboe data, the U.S. stock market's VIX Fear Index stands at 18.63 as of today, down 0.86 points from the prior reading of 19.49, marking a decline of approximately 4.41%. Separately, per Alternative data, the Crypto Fear & Greed Index is at 12 today (compared to 17 yesterday), indicating intensifying extreme fear sentiment.
3 minutes ago
Bank of Japan Board Member: Should Accelerate Pace of Interest Rate Hikes If Upside Inflation Risks Intensify
Bank of Japan (BOJ) Policy Board member Naoki Tamura stated that if upside risks to price growth intensify further, the BOJ should not hesitate to accelerate the pace of interest rate hikes or raise rates by a larger margin. He projected that the BOJ will implement interest rate hikes every few months until its policy rate reaches the neutral level of around 2%. (Golden Ten)
3 minutes ago
Crypto token M plunged over 80% in a short period, hitting a low near $0.5.
According to HTX market data, the token M saw a sharp short-term price plunge, with its decline once exceeding 80% and hitting a low of around $0.5, and is now trading at $0.54.
As global connectivity continues to grow through universal internet adoption, concerns about data privacy have reached an all-time high. Nearly 90% of internet users consider online privacy a major issue. Addressing it requires rethinking and rebuilding core aspects of how the internet functions, such as designing systems to be privacy-preserving from the very beginning. To tackle these concerns, companies are turning to blockchain and cryptographic technology to revolutionize data protection and security in the Web3 age. It represents the next chapter in privacy in which a new tech stack where privacy is built-in by default, and not treated as an afterthought.
Privacy Throughout Web1 to Web3Privacy and data storage have evolved significantly from Web1 to Web3, with Web3 offering to empower individuals by giving them full control over their personal information. In this new era, users no longer have to depend on centralized servers or sacrifice their data for internet access, because privacy is built into the foundation.
Web1 marked the birth of the internet as a content consumption platform, where users could only read static websites. Communication was one-way, and everything from content control to data storage was centralized in the hands of website owners. Web2 brought forth interactive platforms and user-generated content, shifting the focus to participation. While users could now create and share data, the infrastructure remained controlled by the major tech corporations that hosted and owned the servers and data.
Web3 changes the game. By decentralizing control and integrating privacy-preserving technologies, it allows users to share and access information without relinquishing ownership or control. However, actually executing on this vision isn’t as simple as it sounds. Many building block technologies must be in place to achieve utmost Web3 privacy preservation.
Privacy Preserving NetworksPrivacy-preserving blockchains represent a specialized area within the crypto industry that’s aimed at strengthening the confidentiality and anonymity of user data and transactions. Despite this focus on privacy, they continue to uphold fundamental blockchain principles like transparency and immutability.
Their enhanced privacy measures are crucial because most traditional blockchains, like Bitcoin and Ethereum, are inherently open, with all transaction details publicly viewable. Networks and Web3 projects specifically geared toward privacy preservation may leverage a range of technologies toward such a purpose.
Privacy Preservation TechnologiesZero-knowledge Proofs: Zero-knowledge proofs enable one party (the prover) to confirm to another (the verifier) that a specific statement is true, without disclosing any additional information. This tech can validate a transaction’s authenticity without exposing its details or the identities of the participants. ARPA Network rests at the forefront of research and development into zero-knowledge technologies, especially zk-SNARK use cases in verifiable AI agents.
Ring Signatures: Ring signatures allow a user to sign a transaction on behalf of a group, without revealing which individual in the group actually signed it. This adds anonymity by obscuring the sender’s identity.
Homomorphic Encryption: This encryption method enables computations on encrypted data without decrypting it. On the blockchain, it allows for secure transaction validation and processing without exposing sensitive information.
Private Transactions and Smart Contracts: These transactions use advanced cryptographic methods to hide the amounts being transferred, while still ensuring that the total inputs and outputs are balanced. This prevents external observers from seeing the exact figures involved. Smart contracts on privacy-focused blockchains can operate using encrypted or private data, enabling secure and confidential interactions beyond basic transfers.
Get ARPA Official’s stories in your inbox
Join Medium for free to get updates from this writer.
Remember me for faster sign in
Decentralized Identity (DID): DID frameworks give users control over their digital identities, allowing them to disclose only the necessary information while keeping the rest of their personal data private. They leverage verifiable credentials, which are cryptographically secured attestations, to bundle identity attributes and allow users to share only the specific information required for a given interaction.
Moving ForwardIn essence, privacy-preserving blockchains achieve a balance between the openness and security that blockchain technology offers and the essential need to protect sensitive data and user privacy. By tackling these concerns, they expand blockchain’s practical applications and support its ongoing development and relevance. Powering this initiative is the development of zero-knowledge technology which ARPA Network has continuously contributed to. Privacy preserving networks are especially useful in areas such as financial services, supply chain tracking, and healthcare data management, allowing participants to engage securely while keeping confidential information protected.
About ARPAARPA Network (ARPA) is a decentralized secure computation network built to improve the fairness, security, and privacy of blockchains. ARPA threshold BLS signature network serves as the infrastructure of verifiable Random Number Generator (RNG), secure wallet, cross-chain bridge, and decentralized custody across multiple blockchains.
ARPA was previously known as ARPA Chain, a privacy-preserving Multi-party Computation (MPC) network founded in 2018. ARPA Mainnet has completed over 224,000 computation tasks in the past years. Our experience in MPC and other cryptography laid the foundation for our innovative threshold BLS signature schemes (TSS-BLS) system design and led us to today’s ARPA Network.
Randcast, a verifiable Random Number Generator (RNG), is the first application that leverages ARPA as infrastructure. Randcast offers a cryptographically generated random source with superior security and low cost compared to other solutions. Metaverse, game, lottery, NFT minting and whitelisting, key generation, and blockchain validator task distribution can benefit from Randcast’s tamper-proof randomness.
For more information about ARPA or to join our team, please contact us at [email protected].
PANews reported on January 20th that, according to a Binance announcement, the platform will delist the following leveraged trading pairs starting at 14:00 Beijing time on January 23rd, 2026: YGG/BTC, ARPA/BTC, OGN/BTC, COMP/BTC, SUPER/BTC, and other cross and isolated margin trading pairs. From this date, related assets will no longer be able to be manually or automatically transferred to isolated margin accounts; the related borrowing function will be suspended starting at 14:00 on January 21st. At that time, positions will be automatically closed and pending orders will be cancelled. Users should close their positions or transfer their assets out as soon as possible to avoid potential losses.
PANews reported on January 20th that Huobi HTX launched ARPA/USDT perpetual contracts on January 20th, with a maximum leverage of 20x. Simultaneously, Huobi HTX launched an ARPA contract trading party from 15:00 on January 20th to 15:00 on January 27th (UTC+8), with a total prize pool of $10,000. During the event, users who register and participate in ARPA/USDT contract trading, accumulating a total valid trading volume of ≥10,000 USDT, can share the prize pool based on their trading volume ranking; new contract users who complete ARPA/USDT contract trading will also receive exclusive benefits.
PANews reported on January 29th that, according to an official announcement, Binance will remove and cease trading the following spot trading pairs at 16:00 (UTC+8) on January 30, 2026: 0G/FDUSD, ARPA/BTC, AXS/ETH, BEL/BTC, BERA/BNB, ENSO/FDUSD, FORTH/BTC, HEMI/BNB, ILV/BTC, JOE/BTC, MAV/BTC, NEAR/BNB, NTRN/BNB, PHB/BTC, PLUME/FDUSD, PORTAL/FDUSD, RED/BTC, SC/ETH, SEI/BNB, SKL/BTC, and SOMI/FDUSD.
Market Sentiment: Current sentiment among smart money and retail funds in the market is at a neutral level.
According to the latest data from SentimenTrader, as of June 24, the Smart Money Confidence Index stands at 0.56, while the Dumb Money Confidence Index is at 0.49. Both smart money and retail investor sentiment are currently in the neutral range, with no clear optimistic or pessimistic bias emerging in the market.
3 minutes ago
Sandisk's tokenized stock SNDK is now live on the Solana network.
According to official announcements, Sandisk’s tokenized stock SNDK has officially launched on Solana via Sunrise. SNDK is the tokenized stock representing SanDisk, the storage chip manufacturer. Users can now trade SNDK 24/7 through various wallets and applications within the Solana ecosystem, even when traditional stock markets are closed.
3 minutes ago
Jiang Zhuoer: This round of Bitcoin bear market may bottom out in Q4 2026, with a target range of $42,000 to $44,000.
BTC.TOP founder Jiang Zhuoer wrote in a post that Strategy’s modified net asset value (mNAV) has fallen to 0.72, near the 0.7 low hit in May 2022 during the last bear market. Citing recent market sentiment events including STRC’s depegging, he noted that mNAV is now in the bottom zone of this cycle. mNAV usually bottoms roughly six months before Bitcoin’s price. Using the "four-year cycle" and volatility decay model, Jiang projected that this Bitcoin bear market will likely bottom between October and December 2026, with a target price range of $42,000 to $44,000. He added that his recent medium-short term strategy remains focused on selling spot assets and holding short positions, and will switch to buying spot and going long once the expected bottom arrives.
3 minutes ago
The VIX Fear Index for the US stock market stands at 18.63 today, with fear sentiment intensifying in the crypto market.
According to Cboe data, the U.S. stock market's VIX Fear Index stands at 18.63 as of today, down 0.86 points from the prior reading of 19.49, marking a decline of approximately 4.41%. Separately, per Alternative data, the Crypto Fear & Greed Index is at 12 today (compared to 17 yesterday), indicating intensifying extreme fear sentiment.
3 minutes ago
Bank of Japan Board Member: Should Accelerate Pace of Interest Rate Hikes If Upside Inflation Risks Intensify
Bank of Japan (BOJ) Policy Board member Naoki Tamura stated that if upside risks to price growth intensify further, the BOJ should not hesitate to accelerate the pace of interest rate hikes or raise rates by a larger margin. He projected that the BOJ will implement interest rate hikes every few months until its policy rate reaches the neutral level of around 2%. (Golden Ten)
3 minutes ago
Crypto token M plunged over 80% in a short period, hitting a low near $0.5.
According to HTX market data, the token M saw a sharp short-term price plunge, with its decline once exceeding 80% and hitting a low of around $0.5, and is now trading at $0.54.
Creditcoin, a leading blockchain platform that facilitates the connection of global borrowers, lenders, and investors, has announced a strategic partnership with Plume Network, a modular Layer 2 blockchain focused on the integration of real-world assets (RWAs) with digital finance.
This collaboration aims to enhance the tokenization of RWAs and streamline compliance operations by working closely with regulators, thereby bridging the gap between traditional finance and Web3 ecosystems.
Plume Network’s dedication to bringing traditional and digital asset markets together complements Creditcoin’s mission to enhance financial inclusion by providing secure, on-chain credit records. These records demonstrate the creditworthiness of users, many of whom were previously unbanked. This partnership is expected to significantly advance the use and acceptance of RWAs in the blockchain space, leveraging both platforms’ strengths to create more robust and compliant financial solutions.
Expanding the Reach of Real-World Assets in Emerging Markets The collaboration between Creditcoin and Plume Network is set to expand the scope and functionality of RWAs in Web3 and beyond. Creditcoin’s infrastructure, which has successfully recorded over 4.27 million real-world credit transactions valued at $79.7 million and serviced 337,000 customers worldwide, will benefit from Plume’s innovative approach to asset tokenization and compliance.
This partnership will explore the financialization of compliant, off-chain investment products into the digital asset space, shaping the future of interoperability and composability between the real world and decentralized finance (DeFi).
Creditcoin’s recent efforts include a partnership with the Central Bank of Nigeria, where it acted as a Partner Agent to increase the adoption of Nigeria’s Central Bank Digital Currency (CBDC).
This initiative aims to integrate millions of new users into the global economy by providing robust digital banking infrastructure. With Plume’s expertise in asset tokenization and compliance, the partnership is poised to develop even more inclusive financial solutions that bridge various markets and jurisdictions.
Creditcoin 🤝 Plume Network@plumenetwork is partnering with @Creditcoin to take the real-world assets industry to the next level 🚀
Read on to discover how this strategic partnership can accelerate RWA adoption and streamline regulatory compliance ⬇️https://t.co/NG1YGYxsu0
— Creditcoin 🐧 (@Creditcoin) May 13, 2024 Enhancing Infrastructure and Network Capabilities As part of their joint efforts, Creditcoin and Plume will utilize their combined expertise and networks to foster growth in the adoption of RWAs. Creditcoin is in the testnet phase of upgrading its network to become Ethereum Virtual Machine (EVM)-compatible. This upgrade, coupled with Plume’s RWA platform, creates an optimal environment for tokenizing and discovering RWA opportunities, further enhancing the utility and reach of both platforms.
Plume Network, recognized as the first modular L2 blockchain dedicated to RWAs, integrates asset tokenization and compliance providers directly into the chain. This functionality is pivotal for ensuring that the tokenization processes adhere to regulatory standards while maintaining the flexibility and efficiency needed in the rapidly evolving digital asset landscape.
The strategic partnership between Creditcoin and Plume Network marks a significant step toward the integration of real-world and digital assets. By combining their strengths, the two platforms aim to enhance the transparency, efficiency, and compliance of RWAs within the blockchain ecosystem. This collaboration is set to redefine how assets are viewed and utilized in the digital age, promising a future where the lines between traditional and digital finance are increasingly blurred.
As the partnership progresses, the focus will remain on developing solutions that not only meet current regulatory and market needs but also anticipate future trends and challenges in the integration of RWAs. This proactive approach ensures that Creditcoin and Plume Network will continue to lead the way in creating innovative pathways between the real world and DeFi, driving greater adoption and understanding of RWAs across various sectors.
AUTHOR
Mysterious crypto writer with expertise in blockchain, offering deep insights that captivate and intrigue readers. With a unique ability to uncover hidden insights and trends, Samuel delivers in-depth analysis and thought-provoking content that keeps readers on the edge of their seats. His writing style is engaging and informative, blending technical knowledge with a sense of intrigue, making complex crypto topics accessible to both newcomers and seasoned industry professionals. Samuel’s work continues to capture the attention of the crypto community, solidifying his reputation as a trusted voice in the space.
There’s not a day that goes by without the real-world asset (RWA) field making new strides and launching innovative products or services.
It remains one of the most heavily focused fields in the industry, and now two popular projects are forging an important partnership.
RWA powerhouse Credefi, centered around facilitating real-world impact by delivering fair and accessible lending solutions to SMEs, is teaming up with Creditcoin – a multichain credit infrastructure protocol powering RWA development and yield-bearing products.
Expanding Horizons Credefi’s move aims to integrate the Creditcoin network in a bid to provide its users with streamlined access to its NFT Bonds and a plethora of other innovative derivative instruments.
Speaking on the matter, the team said:
By leveraging the strengths of both platforms, we are taking a major step forward in bridging TradFi and DeFi. This collaboration will help us create a more seamless and unified financial ecosystem, offering greater opportunities and benefits for all users.
The move broadens the scope of Credefi’s offering but the partnership works both ways, also strengthening the financial tools that are available to the broader user base of Creditcoin.
A Symbiotic Relationship Credefi has made itself a mission to bridge the gap in debt financing in the European Union while also facilitating real-world impact by delivering accessible (and fair) lending solutions to both small and medium-sized enterprises (SMEs).
As CyrpotPotato recently reported, the team completed the first-ever revenue share to its token holders.
Credefi is the first team in the blockchain industry to secure a massive collaboration with credit bureau heavyweight Experian.
Creditcoin, on the other hand, brings forward a multichain credit protocol that’s designed to power real-world assets. In essence, it provides developers with tools to build their RWA credit operations on a protocol that’s supported by multiple networks and is tailored for trust, transparency, and auditability.
We are excited about the potential of this partnership and look forward to the positive impact it will have on the industry. – The Credefi team said.
Together, Creditcoin, Spacecoin, Sui, and Walrus formed a strategic alliance to work together on a new decentralized finance initiative that combines their respective strenghts in computation, storage, and internet access. Through decentralized satellite infrastructure, this partnership seeks to increase connectivity and access to financial services, particularly for underprivileged and remote regions.
Decentralized infrastructure will be included into the project across multiple layers:
Creditcoin’s blockchain platform will serve as the financial backbone for safe lending and borrowing. By using satellite technology, Spacecoin will increase global connectivity and provide internet access in places where conventional infrastructure is scarce. Sui’s smart contract platform will make computing safe and scalable. Decentralized storage will be managed by Walrus for dependable, effective data management. The alliance aims to solve issues such as unstable internet connectivity and limited financial access in underprivileged areas by integrating these technologies. While Creditcoin allows users to conduct safe, decentralized financial transactions, Spacecoin’s satellite network will provide dependable internet connection in remote locations. Sui and Walrus will make sure the system is effective and scalable, enabling peer-to-peer (P2P) communication and financial transactions without the need for centralized intermediaries, cutting expenses, and improving transparency.
In order to aid the almost 37% of the world’s population that does not presently have internet connection, the partnership’s integrated strategy places a high priority on workable solutions to real-world issues. allowing consumers in underprivileged areas to use contemporary internet and financial technologies, engage in the global digital economy, and establish credit histories.
An engineering graduate who is passionate about writing and loves the very existence of crypto. Trading forex currency keeps me busy when I am not writing and analysing the crypto world.
With an initial funding pool of $10 million, the CEIP will provide assistance to the most promising initiatives. With a consistent focus, Creditcoin has been working to bridge the gap between blockchain technology and financial solutions. Beginning on Monday, January 27, 2025, all applications for the CEIP will be formally accepted. The foundational L1 blockchain that is revolutionizing real-world asset financing, Creditcoin, has announced the launch of its $10 million Creditcoin Ecosystem Investment Program (CEIP) via Credit Labs. Through the provision of equity investments to forward-thinking businesses, developers, and entrepreneurs, this initiative aims to hasten the pace of innovation within the Creditcoin ecosystem.
The Creditcoin blockchain is a Layer 1 blockchain that was developed with the intention of enabling developers to create useful apps that tie digital assets with real-world infrastructure and services. Some examples of these applications are RWAs and DePIN. As a result of the network’s Universal Smart Contract technology, which allows protocols to interact with data and assets across various chains without the need of bridges, the network is the ideal infrastructure for complicated applications that include numerous chains.
In addition, the credit-focused underpinnings of Creditcoin make it possible for protocols and users to build verifiable on-chain credit histories, which further bridges the gap between conventional financial and decentralized systems.
With an initial funding pool of $10 million, the Creditcoin Ecosystem Investment Program (CEIP) will provide assistance to the most promising initiatives that extend the real-world applications of Web3 technologies within the Creditcoin network. The program’s objective is to encourage the growth of a flourishing, interconnected ecosystem of financial innovation while simultaneously driving the development of credit and payment solutions that are enabled by blockchain technology.
With a consistent focus, Creditcoin has been working to bridge the gap between blockchain technology and financial solutions that are applicable in the real world. Creditcoin is providing entrepreneurs and organizations who share this goal with the resources they need to foster innovation via the Creditcoin Ecosystem Investment Program (CEIP).
Sung Choi at Credit Labs stated:
“We believe the future of finance lies in decentralized, transparent, and efficient blockchain solutions. Through CEIP, we are providing the necessary capital and strategic support to help innovators build real-world solutions that leverage the power of Creditcoin.”
When it comes to funding, CEIP will give priority to initiatives that:
Enhance decentralized credit and payment solutions Improve financial accessibility and inclusion Leverage Creditcoin’s blockchain infrastructure for real-world applications Drive broader adoption of Web3 technologies Beginning on Monday, January 27, 2025, all applications for the CEIP will be formally accepted. Startups and enterprises who are interested in participating in the CEIP may submit their applications at creditcoin.org/CEIP. Credit Labs performs the operations and management of the CEIP.
A diploma graduate who is passionate about digital currency and loves writing. He loves the concept of crypto and keeps himself up to date with the latest development and news of the crypto world.
Midnight, a fourth-generation blockchain established for rational privacy and backed by “The Midnight Foundation,” is pleased to announce its strategic integration with Creditcoin, a foundational L1 blockchain revolutionizing real-world asset (RWA) financing. Basically, the primary objective of this partnership is to raise awareness about people’s human nature and distinguish them from artificial intelligence (AI) .
The need for a real identity arises from the previous year’s increase in document fraud. Although there are many advantages that come into human life, which make human life much easier than previous ones. But identity fraud has seen the crossing of highly credible digital forgery. As per the report by Entrust’s 2025 Identity Fraud, generative AI now accounts for 57% of all document fraud- a244% increase over the past year.
Midnight and Creditcoin Create Secure, AI-Resistant On-Chain Identity and Credit Midnight and Creditcoin will differentiate Decentralized Identity (DID) and Onchain Credit Reputation by building a lifelong record of human economic behavior directly on the blockchain that clearly differs from non-human entities. In all this effort, financial history is not compromising or exposing sensitive financial information.
Fahmi Syed, President of the Midnight Foundation, said, “AI is becoming increasingly powerful, and that innovation is important to technological advancements as a whole, but at the same time, we cannot allow AI to erode the trust we are working so hard to bring to the digital world. Verification and privacy can absolutely coexist as long as users have the proper cryptographic tools. Our work with Credence shows that we don’t have to choose between technological progress and protection.”
Advancing Secure and User-Controlled Human Digital Identity A survey conducted by the Government of the UK elaborates on the present usage of digital identity and highlights the desire and importance of privacy-preserving technology. Moreover, the importance of digital identity stands in its own place and needs to be decentralized. While 44% responses show that they have experience with digital identity, and at the same time, a prominent figure of 70% demands that security and privacy are important factors for consumers.
Midnight’s technology protects users’ loan amounts or any transaction history demonstrating repayment behavior without exposing the merchants they have worked with. In simple wording, the goal is to prove that the user is a real person with genuine economic relationships and history. The mission is to secure a decentralized identity purely user-controlled.
In addition, the Founder of Creditcoin, Tae Oh expressed his thoughts. He said, “There are billions of people worldwide who have been excluded from traditional financial systems, and we believe that our research with Midnight can help open new doors to the global digital economy. We believe we have the concept of proving true, human identity, without ever having to give up financial sovereignty or privacy, which is clearly so important to a large number of people. We are trying to build an inclusive future where someone’s digital existence works for them and not against them.”
AUTHOR
Crypto journalist with years of experience providing in-depth analysis and news on blockchain and decentralized finance. With a keen eye for detail, Shahzaib delivers insightful articles that explore the latest trends, market movements, and innovations within the crypto and blockchain ecosystem. His work focuses on educating readers while offering expert commentary on the evolving landscape of digital assets, DeFi protocols, and the broader impact of blockchain technology.
PANews reported on January 23 that Spacecoin has announced the opening of SPACE token airdrop applications. Users who participated in Season 1 and Season 2 events, or who hold CTC tokens and ecosystem NFTs (such as CTC-0 and CPC), are eligible to claim the tokens. Users need to connect their wallets through the official Penguinbase portal to apply. The SPACE tokens will be distributed to the user's Creditcoin network address.
Market Sentiment: Current sentiment among smart money and retail funds in the market is at a neutral level.
According to the latest data from SentimenTrader, as of June 24, the Smart Money Confidence Index stands at 0.56, while the Dumb Money Confidence Index is at 0.49. Both smart money and retail investor sentiment are currently in the neutral range, with no clear optimistic or pessimistic bias emerging in the market.
3 minutes ago
Sandisk's tokenized stock SNDK is now live on the Solana network.
According to official announcements, Sandisk’s tokenized stock SNDK has officially launched on Solana via Sunrise. SNDK is the tokenized stock representing SanDisk, the storage chip manufacturer. Users can now trade SNDK 24/7 through various wallets and applications within the Solana ecosystem, even when traditional stock markets are closed.
3 minutes ago
Jiang Zhuoer: This round of Bitcoin bear market may bottom out in Q4 2026, with a target range of $42,000 to $44,000.
BTC.TOP founder Jiang Zhuoer wrote in a post that Strategy’s modified net asset value (mNAV) has fallen to 0.72, near the 0.7 low hit in May 2022 during the last bear market. Citing recent market sentiment events including STRC’s depegging, he noted that mNAV is now in the bottom zone of this cycle. mNAV usually bottoms roughly six months before Bitcoin’s price. Using the "four-year cycle" and volatility decay model, Jiang projected that this Bitcoin bear market will likely bottom between October and December 2026, with a target price range of $42,000 to $44,000. He added that his recent medium-short term strategy remains focused on selling spot assets and holding short positions, and will switch to buying spot and going long once the expected bottom arrives.
3 minutes ago
The VIX Fear Index for the US stock market stands at 18.63 today, with fear sentiment intensifying in the crypto market.
According to Cboe data, the U.S. stock market's VIX Fear Index stands at 18.63 as of today, down 0.86 points from the prior reading of 19.49, marking a decline of approximately 4.41%. Separately, per Alternative data, the Crypto Fear & Greed Index is at 12 today (compared to 17 yesterday), indicating intensifying extreme fear sentiment.
3 minutes ago
Bank of Japan Board Member: Should Accelerate Pace of Interest Rate Hikes If Upside Inflation Risks Intensify
Bank of Japan (BOJ) Policy Board member Naoki Tamura stated that if upside risks to price growth intensify further, the BOJ should not hesitate to accelerate the pace of interest rate hikes or raise rates by a larger margin. He projected that the BOJ will implement interest rate hikes every few months until its policy rate reaches the neutral level of around 2%. (Golden Ten)
3 minutes ago
Crypto token M plunged over 80% in a short period, hitting a low near $0.5.
According to HTX market data, the token M saw a sharp short-term price plunge, with its decline once exceeding 80% and hitting a low of around $0.5, and is now trading at $0.54.
Spacecoin’s newly launched SPACE token surged more than 65%, as the project unveiled detailed plans for its Season 1 airdrop, exchange listings, and cross-chain rollout.
It marks a significant step for a venture positioning itself at the intersection of blockchain, satellite infrastructure, and telecom networks.
Spacecoin Season 1 Airdrop PlansAs of this writing, Spacecoin’s SPACE token was trading for $0.021, just shy of this peak price of $0.026 achieved amid launch frenzy. It is up nearly 66% over the last 24 hours, with prospects for further short-term gains, suggesting growing investor interest.
Spacecoin (SPACE) Price Performance. Source: CoinGeckoIndeed, investors have a lot to look forward to after Spacecoin’s announcement that SPACE is now live across multiple blockchain ecosystems, including Creditcoin, Ethereum, Binance Smart Chain (BSC), and Base.
The token launch represents what the project describes as the “economic heartbeat” of its decentralized satellite internet vision. It allows community members (Cadets) to participate directly in the emerging space economy.
Momentum is further boosted by immediate access to deep liquidity. On launch day, SPACE listed across a wide range of centralized exchanges. This includes Binance (Alpha and Futures), Kraken (Spot), OKX (Spot and Perpetuals), KuCoin, MEXC, Bitget, Coinone, Blockchain.com, and Bybit.
The breadth of listings, spanning both spot and derivatives markets, helped amplify early trading activity and price discovery.
Decentralized trading options also went live in parallel. SPACE is available on PancakeSwap for swaps and liquidity provision.
Despite the impressive 65% rally and broad exchange coverage, the SPACE price surge remains typical of early-stage token launches fueled by airdrop hype and multi-platform listings rather than proven utility at scale.
Aster DEX Helps Ignite Spacecoin’s 65% RallyMeanwhile, Aster DEX launched a limited-time trading campaign featuring reward pools totaling $150,000 in ASTER tokens and 15.75 million SPACE tokens.
The dual CEX-DEX strategy highlights Spacecoin’s push for broad accessibility. It mirrors its stated goal of building an internet layer without geographic or financial barriers.
At the center of the excitement is the Season 1 airdrop, designed to reward early supporters who engaged with the Spacecoin ecosystem before token generation (TGE).
Eligible participants can now claim their allocations through the official claims portal by connecting the wallets they used during the campaign. To reduce friction, Spacecoin is distributing 0.01 CTC (Creditcoin) to eligible wallets to cover gas fees during the claim process.
Notably, however, the airdrop comes with strict eligibility criteria and anti-abuse measures.
Participants must have held specific assets such as CTC, WCTC, or designated NFTs. They must have also completed social missions and event activities during the open period. Accounts flagged for suspicious behavior would be excluded, ensuring rewards go to genuine community members rather than bots.
Token unlocks are structured to limit immediate supply pressure. For Season 1, 25% of rewards unlock at the TGE, with the remainder vesting monthly over three months.
Season 2 allocations will follow a similar phased schedule, though those rewards will become visible later.
Will the Hype Last?Beyond trading and airdrops, Spacecoin also launched a limited-time staking program offering a 10% APR for SPACE tokens on the Creditcoin network alongside cross-chain transfers powered by Wormhole.
Together, these features position SPACE as a multi-chain asset designed for both speculation and long-term participation.
Nevertheless, while Season 1 airdrop’s partial unlock (25% at TGE) and anti-abuse filters are positive steps to curb dumps, vesting schedules across seasons could still create staggered selling pressure as recipients cash out rewards.
Additionally, high trading volumes on day one often signal speculative froth more than sustained demand.
Overall, the fundamentals remain strong for Spacecoin. Yet, its launch rally is still largely driven by speculation, and nearly 90% of all airdropped tokens fail within the first 3 months. Maintaining a positive price structure within this period would be crucial for the SPACE token.
SPACE token launch includes a seasonal airdrop plan and a staking program. Spacecoin sees a price drop of about 21%, yet trading volume surged over 718%. Spacecoin, which provides satellite-based internet infrastructure, launched its own token, SPACE, on January 23, and it is available on Creditcoin, Ethereum, BSC, and Base blockchain networks. As it also plans a seasonal airdrop, staking program, and to list it on the exchanges, which has been confirmed through Spacecoin’s official X handle.
As per the post, on the first day, the token gets listed on centralized exchanges such as Binance, Kraken, OKX, Bitget, Coinone, KuCoin, MEXC, Bybit, and Blockchain.com. The SPACE token is also available on decentralized exchanges such as Aster DEX and PancakeSwap.
SPACE Airdrop and Staking Program The official Spacecoin X post explains the SPACE token airdrop details, where 25% of tokens are unlocked at launch, and the remaining 1.05 billion SPACE tokens are released each month over the course of three months. With that, Season 1 is aimed at early adopters like Spacecoin Cadets and Creditcoin holders.
Then, Season 2, which allocates 1.26 billion tokens with 33.3% unlocked each month for three months, which would begin one month after the Token Generation Event. So, this type of phased distribution is mainly to increase airdrop participation while reducing selling pressure.
Also, Spacecoin has launched a time-limited staking mechanism that enables users to support the stability of the network while earning passive income, and an annual percentage rate (APR) of up to 10% is available to participants who invest their tokens, noted in the post.
SPACE Token Sees High Volatility During the token launch yesterday, 21 million tokens entered as circulating supply, which is equal to 10.25% of the fixed 21 billion token supply.
The SPACE token surged and reached nearly $0.02701 immediately after the token launch, it is currently trading near $0.01759, which is down about 21.81%, but the trading volume alone surged around 718.68% and reached $236 million, with the market cap around $37 million, as per the CMC data. With that, the sharp rise in trading volume despite the price pullback suggests high volatility following the SPACE token’s launch.
Highlighted Crypto News:
World Liberty Financial (WLFI) on the Rise: Is This a Bullish Play or a Short-Term Bounce?
Writer with roots in journalism and international relations, actively exploring blockchain and crypto, with curiosity for the field and a passion for simplifying complex ideas.
TLDR: $SPACE token launches simultaneously on Binance, Kraken, OKX, and five other major cryptocurrency exchanges. Airdrop rewards unlock with 25% immediate distribution for Season 1 participants and monthly vesting schedule. Token operates across four blockchain networks including Creditcoin, Ethereum, BSC, and Base via Wormhole. Limited-time staking program offers 10% APR exclusively for $SPACE tokens held on the Creditcoin network. Spacecoin has officially launched its $SPACE token across multiple blockchain networks and trading platforms. The token is now available on Creditcoin, Ethereum, BSC, and Base networks.
Major centralized exchanges including Binance, Kraken, OKX, and KuCoin have listed the token for trading.
The launch marks a transition from technical demonstration to economic participation for the satellite internet project.
Multi-Platform Trading Access and Exchange Listings The $SPACE token debuted simultaneously on several prominent cryptocurrency exchanges. Binance offers trading through its Alpha and Futures platforms.
Kraken provides spot trading access to users. OKX supports both spot and perpetual contracts for the token. Additional platforms include Bitget, Coinone, MEXC, Bybit, and Blockchain.com.
The project announced that “$SPACE is GO for Launch” following years of development. According to Spacecoin, the initiative involved “groundbreaking engineering across three very different industries (blockchain, space, and telecom).”
The company stated its belief that “access should be as universal as the internet we’re building.” This philosophy guided the decision to launch across multiple major platforms.
Spacecoin partnered with World Liberty Financial for a limited promotional offering on select platforms. The collaboration aims to increase initial token distribution.
Users can verify contract addresses on each network before conducting transactions. The company emphasizes the importance of address verification to prevent errors.
Decentralized exchange options are also available for traders preferring non-custodial platforms. PancakeSwap supports $SPACE trading and liquidity provision across multiple chains.
Aster DEX is running a campaign with $150,000 in $ASTER rewards. The platform also offers 15,750,000 $SPACE tokens as trading incentives.
Airdrop Distribution and Staking Opportunities Eligible participants can claim airdrop rewards through the official portal. Season 1 participants receive 25% of rewards at token generation.
The remaining allocation unlocks monthly over three months. Season 2 follows a different schedule with 33.3% monthly unlocks starting one month after launch.
Spacecoin described the airdrop as recognition for “pioneering Cadets who believed in Spacecoin before it was even a whisper among the stars.”
The team characterized community support as “the rocket fuel for our journey.” The airdrop serves as the company’s “salute to your dedication” according to the announcement.
Eligibility requires holding specific assets during the qualification period. Accepted assets include CTC tokens, WCTC, and designated NFTs.
Participants must have connected wallets to the Spacecoin platform. Social mission completion was mandatory for reward qualification.
The project implemented strict anti-abuse measures during the airdrop process. The company stated that “the $SPACE airdrop is for genuine Cadets, not bots or those who tried to game the system.”
Accounts flagged for suspicious activity are ineligible for rewards. Users disagreeing with decisions can submit review requests with supporting evidence.
