Kraken Delays IPO Due to Challenging Crypto Market Conditions: Report

Makina Finance lost 1,299 ETH, valued at $4 million, due to hackers manipulating prices on a USDC liquidity pool. The exploit involved a flash loan of $280 million in USDC, resulting in the theft of over 1,000 ETH.

Coinbase CEO Brian Armstrong arrived in Davos, Switzerland, to advocate for the crypto market structure bill, economic freedom, and tokenization. Armstrong aims to collaborate with traditional finance to ensure a level playing field for stablecoins.

Blockchain-based prediction market Polymarket has been ordered by Portugal's gambling regulator to cease operations in the country within 48 hours due to unauthorized betting on the presidential election. The platform, which allows users to bet on real-world events, is facing restrictions in over 30 countries.

Pump.fun, a Solana-based meme coin launchpad, introduced a $3 million fund for market-driven token launches, aiming to empower projects through user funding and transparency. The platform's investment arm, Pump Fund, will support 12 projects with $250,000 each, valuing them at $10 million.

Bitcoin's price stability around $92,000 indicates a strong underlying bid, with ETF flows offsetting short-term volatility. Despite escalating U.S.-Europe trade tensions causing over $865 million in liquidations, the market quickly recovered, suggesting resilience to macro noise.

Bermuda aims to transition its entire economy onto the blockchain with support from Coinbase and Circle. The initiative involves digital asset infrastructure for government, banks, and consumers to create the world's first fully on-chain national economy.

Bitcoin's recent pullback to $93,192 has erased gains, with the global crypto market cap at $3.15 trillion, down 2.38% from yesterday. Only three of the top 100 cryptocurrencies show gains above 1% in the last day.

Pudgy Penguins is set to apologize for a racist post following a complaint from Manchester City, according to a report from Protos, addressing xenophobic stereotypes about Indians. The post has been removed from the company's channels, with plans to express an apology to the user who flagged it.

Paradex experienced a price drop to $0 for Bitcoin due to a database migration issue affecting its blockchain, block explorer, bridge, and API. The exchange identified and fixed the problem by rolling back the state of the Paradex Chain built on the Starknet stack.

The New York Stock Exchange, operated by Intercontinental Exchange (ICE), is developing a blockchain-based trading platform for tokenized securities, aiming for 24/7 trading with instant settlement. The platform will support trading of tokenized shares of traditional securities and native tokenized securities, enhancing investor participation in dividends and governance.