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Upbit has experienced a temporary disruption in its services due to an unexpected increase in user traffic, affecting its app and API.

The high demand is due to recent volatility in the crypto market, but Upbit assures that users’ funds remain safe.

The platform is working to restore full functionality, although no date has been confirmed for the normalization of services.

Upbit, one of the most popular crypto exchanges in South Korea, has announced a temporary disruption of some of it

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Ethena and Derive have integrated the USDe stablecoin as collateral for options trading, facilitating the creation of new products on Derive’s platform.

As part of the collaboration, a multi-million dollar grant will be awarded to Derive, and sENA holders will be able to receive 5% of the total supply of Derive’s governance token, DRV.

Derive, a leader in the on-chain options market, has expanded its presence with more than 75% market share in BTC and ETH options.

Ethena has announced

Zug, Switzerland, December 3rd, 2024, Chainwire

Namada, the shielded asset hub enabling shielded cross-chain transactions, has officially published its genesis block, marking the launch of its mainnet. Along with the commencement of staking and governance, this marks the start of the first phase of Namada’s five stage decentralized mainnet rollout. This marks an important step forward, offering comprehensive data protection and selective disclosure across the multichain landscape. 

Introducing

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Vitalik Buterin proposes the integration of privacy solutions such as ZK-SNARK and the adoption of Layer 2 (L2) to improve the efficiency and security of ETH wallets.

Buterin suggests incorporating private transfers and the management of a “private balance” in a privacy pool within wallets.

The co-founder envisioned a future with advanced interfaces and comprehensive privacy, where digital identity is also protected.

Vitalik Buterin, co-founder of Ethereum, has shared his vision for th

London, united kingdom, December 3rd, 2024, Chainwire

A New Chapter for Memecoins

Pepeto has raised over $1 million during its presale phase, drawing notable interest from the cryptocurrency community. Beyond its role as a memecoin, Pepeto aims to elevate the entire memecoin sector by introducing a bridge and exchange platform to support liquidity, accessibility, and collaboration among tokens. With plans to adopt all next-generation memecoins in the anticipated 2025 bull run, Pepeto is positi

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Fuse Network has integrated the Stargate cross-chain bridge. It will improve the interoperability and liquidity of its ecosystem using Hydra technology.

It eliminates the need for traditional liquidity pools and reduces costs associated with transactions between different networks.

The integration also facilitates the migration of assets backed by native reserves in blockchains such as Ethereum and Arbitrum, without additional fees or slippage.

Fuse Network has announced a major integr

Grand Cayman, Cayman Islands, December 3rd, 2024, Chainwire

DeLorean Labs to become first token issuer on Sui Launchpad

Republic, an investment platform for private market assets, in partnership with Sui Foundation, the organization dedicated to the advancement and adoption of the flourishing Sui ecosystem, today announced Sui LaunchPad, powered by Republic. The organizations are joined in this collaboration by DeLorean Labs, the web3 arm of the DeLorean Motor Company ecosystem, which will bec

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Bernstein highlights that the potential approval of an Ethereum ETF with staking in the U.S. could raise staking yields from 3% to 4-5%.

Inflows into ETH ETFs have surpassed those of BTC since November, reflecting greater confidence in ETH’s supply and demand dynamics.

Ethereum leads in Total Value Locked (TVL) with $89 billion.

Bernstein, a renowned research and brokerage firm, has outlined several factors that could drive Ethereum’s performance in the coming months. Among these is th

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Revival of Decentralized ICOs: Arthur Hayes, co-founder of BitMEX, calls for a return to decentralized ICOs to empower retail investors and challenge the dominance of venture capital firms and CEXs.

Critique of Current Crypto Landscape: Hayes criticizes the influence of VCs and CEXs, arguing that they push projects toward inflated valuations and undermine the principles of decentralization and financial inclusion.

Technological Advancements and Community Empowerment: Hayes highlights th

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IOTA has launched a crucial vote to decide on the implementation of the Rebased protocol, aimed at improving the network’s scalability, decentralization, and efficiency.

Rebased introduces Move-based smart contracts, a dPoS model with 150 validators, and the Mysticeti protocol capable of processing 50,000 TPS.

IOTA’s price has experienced exponential growth, rising 62% in the last 24 hours and 422% over the last 30 days.

The IOTA network has commenced an important voting process to det

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Sonic Labs’ Milestone: Sonic Labs is set to launch its layer-1 blockchain, Sonic, after successfully completing its Genesis milestone, marking the creation of the first block, “Block Zero.”

Enhanced Performance: Sonic, an EVM-compatible blockchain, aims to improve network performance by reducing latency and transaction fees, supported by the Fantom Foundation.

Developer Incentives: Sonic’s blockchain features a proof-of-stake system, rapid transaction finality, and allocates 90% of tran

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ECB’s Digital Euro Progress: The ECB has made significant advancements in the digital euro project, aiming for a potential launch in 2025, but faces technical and legal challenges.

Privacy and Surveillance Concerns: The crypto community is worried that the digital euro could lead to increased surveillance and loss of financial privacy, unlike decentralized cryptocurrencies.

Financial Control Risks: There are fears that the centralized nature of CBDCs could result in government overreach

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The U.S. government transferred around 20,000 seized Bitcoin, worth $1.9 billion, to Coinbase Prime on December 2, 2024.

This move has sparked speculation that the Biden administration might liquidate some Bitcoin holdings before Trump takes office, potentially complicating Trump’s plans for a U.S. Bitcoin Reserve.

Market reactions were mixed, with Bitcoin’s price stabilizing quickly, reflecting strong underlying demand from institutional investors.

The U.S. government has moved around

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Yuga Labs acquires Tokenproof’s tech team to enhance real-world NFT ownership verification, announced on December 3, 2024.

The acquisition strengthens Yuga Labs’ infrastructure, integrating Tokenproof’s technology to authenticate NFT ownership outside the digital realm.

This move is expected to enhance the utility of NFTs, making them more accessible and enjoyable for real-world events and experiences.

Yuga Labs, the innovative blockchain company behind the renowned Bored Ape Yacht Clu

New York, United States, December 3rd, 2024, Chainwire

Smile Shop, the premier Asian e-commerce platform, has partnered with Conflux Network, China’s only regulatory-compliant public blockchain, to launch the BitUnion prepaid card. This partnership signifies a major expansion into global digital asset payment with cards welcome in 183 countries and regions. 

The BitUnion prepaid card operates on the recently launched UnionPay International USD prepaid card framework. UnionPay International, th

Zug, Switzerland, December 3rd, 2024, Chainwire

Streamr, the decentralized real-time data network, and JDI, a manufacturing leader and venture capital in decentralized physical infrastructure networks (DePIN), are teaming up to transform home-based mining through the launch of the Terminal Multi-Miner. This new mining device combines multi-token mining capabilities with decentralized protocol participation, providing a new way for users to engage with DePIN and the decentralized economy from th

Denver, USA, December 2nd, 2024, Chainwire

Dai Lo is thrilled to announce the successful acquisition of Fractal, which marks a pivotal moment for the future of blockchain technology and privacy innovation. After months of strategic discussions, the acquisition, completed for an undisclosed amount, positions The Dai Lo to harness Fractal’s groundbreaking ZK technology and revitalize its vision for the future.

The acquisition encompasses Fractal’s robust technology portfolio, token reserves, int

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Digital asset investment products saw inflows of $270 million last week, reaching an annual record of $37.3 billion.

Bitcoin experienced outflows of $457 million due to profit-taking after touching $100,000, while Ethereum saw inflows of $634 million.

XRP received inflows of $95 million due to growing interest in its potential inclusion in a U.S. exchange-traded fund (ETF).

The digital asset market continues to show exponential growth, although with some fluctuations in investment flow

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Hedera (HBAR) has recorded a 516% increase in its value over the past month, reaching $0.278 after a 47.5% surge in the last 24 hours.

The rise of HBAR is due to factors such as potential strategic partnerships, including integration with the FedNow payment system from the Federal Reserve and the application for an ETF.

Interest in HBAR derivatives has reached a historic record of $222 million, with expectations of a possible target of $0.504 in the short term.

Hedera (HBAR) has experi

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Enron announces its return with a focus on solving global energy challenges and the potential entry into the crypto and blockchain markets.

The company presents five key pillars in its new vision, highlighting its interest in decentralized technology and permissionless innovation.

Enron’s return sparks speculation about the influence of a political environment favorable to large corporations, especially after Donald Trump’s re-election.

Enron, the company behind one of the biggest fina