Trade finance’s financing gap and paper-based inefficiencies create blockchain’s largest opportunity. Tokenized receivables can unlock global liquidity for SMEs. Opinion by: Billy Sebell, executive director at XDC Foundation In just over a decade, blockchain technology has rewritten the rulebook for global finance, bringing transparency, speed and access to financial markets. It has clearly established its worth in digital assets, decentralized finance (DeFi) and cross-border payments, among other effective use cases. Perhaps the greatest unrealized potential for blockchain lies in one of the world’s most vital sectors: global trade finance. Read more
Attackers have hijacked trusted Snap Store publishers via expired domains, allowing malicious wallet updates to reach long-time Linux users. Blockchain security company SlowMist flagged a new Linux-based attack vector that exploits trusted applications distributed through the Snap Store to steal users’ crypto recovery seed phrases. In a post on X, SlowMist’s chief information security officer, 23pds, said attackers are abusing expired domains to hijack long-standing Snap Store publisher accounts and distribute malicious updates through official channels. The compromised applications reportedly impersonate popular crypto wallets, including Exodus, Ledger Live and Trust Wallet, using interfaces that closely resemble legitimate software. Read more
With Boomers controlling more than half of US household wealth, the coming generational transfer may funnel a portion of this capital into crypto markets, a new OKX survey shows. Younger Americans are growing more confident in crypto, while older generations remain firmly aligned with traditional finance, according to a new survey published as part of the OKX Insights series. The survey, which polled 1,000 Americans in January, found a sharp generational divide in trust, outlook and expectations for digital assets. The younger the respondent, the more likely they were to view crypto as both credible today and central to finance tomorrow. When asked how much they trust crypto platforms, 40% of Gen Z (aged 12–29) and 41% of Millennials (aged 29–45) gave high confidence scores, rating their trust at seven or above on a 10-point scale. Among Baby Boomers (aged between their late 50s and late 70s), just 9% did the same, making younger generations almost five times more trusting than their older counterparts. Read ...
Bitcoin risks a further decline to $84,000, following increasing whale exchange deposits and accelerated long-term holder selling. Bitcoin (BTC) slipped below $90,000 during the New York trading session on Tuesday alongside an increase in long-term selling. Large holders also exited their positions, keeping the downside pressure firmly in place. Key takeaways: Bitcoin dips below $90,000 as whales deposit over $400 million to exchanges. Read more
Bitcoin hit a key BTC price target from the start of January, with other CME futures gaps now above price, but traders remained cautious. Bitcoin (BTC) looked for cues near $90,000 on Wednesday as BTC price action hit a key target for a rebound. Key points: Bitcoin price action drops to fill a CME futures gap created at the yearly open. Read more
The submissions add to mounting pressure on regulators as Coinbase CEO Brian Armstrong calls for compromise to pass market structure legislation. The US Securities and Exchange Commission’s (SEC) Crypto Task Force “Written Input” page added two new submissions on Tuesday that focus on self‑custody rights and how proprietary trading in tokenized and decentralized finance (DeFi) markets should be regulated. One submission comes from “DK Willard,” centered on Louisiana retail users, and the other from the Blockchain Association Trading Firm Working Group on dealer rules for tokenized equity markets. The Louisiana submission cites state law HB 488, which affirms residents’ right to self-custody digital assets, and argues that upcoming federal crypto market structure legislation should preserve strong registration, transparency and anti‑fraud and anti‑manipulation requirements. Read more
Solana Mobile's airdrop of almost 2 billion SKR tokens for 100,000 Seeker users is claimable for 90 days, with staking rewards starting immediately. Solana Mobile, a subsidiary of Solana Labs, the organization behind the Solana blockchain, has launched a token airdrop for holders of its Web3 smartphone, Solana Seeker. The Seeker (SKR) token, the utility and governance asset of the Solana Mobile ecosystem, went live on Wednesday, the company said in a post on X. Users of the Solana Seeker smartphone have 90 days to claim airdropped SKR tokens, which can be staked to earn rewards. Read more
Mask Network will lead consumer-facing product execution on Lens, while Aave steps back to an advisory role focused on protocol infrastructure. Decentralized finance (DeFi) protocol Aave transferred stewardship of the social infrastructure protocol Lens to Mask Network, shifting responsibility for advancing consumer-facing social applications while retaining Lens as open-source infrastructure. Statements from both Lens and Aave founder Stani Kulechov confirmed the transition. On Tuesday, Kulechov said in an X post that Aave’s role will narrow to technical advisory support as it refocuses on DeFi. He added that Mask Network, a Web3 company focused on integrating blockchain features into social and messaging platforms, will be leading the next phase of development for Lens, particularly at the application and product layer. Read more