UnchainedCrypto

Fidelity Investments is set to launch a U.S. dollar-backed stablecoin, the Fidelity Digital Dollar (FIDD), on Ethereum. With the regulatory clarity from the GENIUS Act, FIDD aims for 24/7 settlement and targets both retail and institutional markets, marking a significant shift toward stablecoins as essential financial infrastructure.

A technical error on Paradex caused a sudden collapse in cryptocurrency prices, resulting in massive liquidations. The exchange confirmed a rollback to restore user funds, highlighting the risks and trust issues surrounding crypto exchanges.

Bank of America CEO Brian Moynihan warns that allowing stablecoins to earn interest could lead to $6 trillion in deposits leaving banks, prompting lobbying for a ban on interest for stablecoins under the guise of consumer protection.

Bitwise analysts found that holding both gold and bitcoin offers better protection and upside than choosing one asset alone during market fluctuations. Gold mitigates losses, while bitcoin leads recoveries, resulting in superior risk-adjusted returns across market cycles.

Ethereum has hit another key milestone in its scalability roadmap with the Fusaka upgrade’s final Blob Parameters Only (BPO) fork.
“Instead of waiting for a major annual upgrade to adjust network capacity, BPO forks allow Ethereum to tune specific parameters (like blob targets) independently and

Sei Network has warned USDC.n token holders to swap for native USDC before a March upgrade that will make Sei an EVM-only chain, potentially rendering USDC.n inaccessible or valueless.

Nike has sold its NFT studio RTFKT, marking the end of its digital collectibles experiment. The sale signifies a shift for the company amid a decline in NFT sales and ongoing legal issues with RTFKT NFT holders.

Infinex, a DeFi platform by Kain Warwick, reshaped its INX token sale after raising only $600,000 against a $5 million goal. The team removed the wallet cap and switched to a “bottom-up” model, facing backlash over potential insider trading on Polymarket.

The Flow Network revealed a post-mortem on a devastating exploit that caused $3.9 million in losses without compromising user balances. The attacker deployed 40 malicious smart contracts, triggering a three-part attack. Flow's response shifted from a full chain rollback to an isolated recovery plan.

Polymarket introduced taker fees for its 15-minute crypto prediction markets, with fees up to 3% returned to market makers as USDC rebates. This may tighten spreads and impact arbitration bots, though some believe optimized bots could thrive.

Aave Labs plans to propose sharing non-protocol revenue with AAVE token holders following governance tensions over fees and IP control, aiming for improved transparency and community engagement.

Coinbase is suspending Argentine peso fiat transactions for its users starting January 31, following an internal review, despite having just entered the market last year. This move coincides with potential new regulations from Argentina's central bank regarding crypto trading.

Ethereum co-founder Vitalik Buterin claims the blockchain trilemma of decentralization, security, and scalability has been resolved through ZK-EVMs and PeerDAS, with live implementations now on the mainnet, enhancing transaction efficiency and verification.

Brett Harrison has secured $35 million to start AX, a Bermuda-based exchange for perpetual futures on traditional assets. The funding, led by Miami International Holdings, values his firm at $187 million, targeting non-U.S. investors due to U.S. regulations.

The Gnosis Chain enacted a hard fork to recover $9.4 million lost in a previous exploit, prioritizing user fund return over blockchain immutability. This decision sparked debate among experts regarding its implications for future chains.

Aave's governance vote to transfer control of brand assets has faced backlash for being rushed, with community leaders claiming it bypassed standard procedures. The proposal, which had unresolved concerns, quickly advanced to voting, raising fears of a takeover by Aave Labs.

The Hyperliquid team alleges that a former employee, fired in early 2024, is behind aggressive short-selling of HYPE tokens. Co-founder Iliensinc reinforced the company's ban on insider trading and clarified the ex-employee's actions do not represent Hyperliquid's standards.

A Financial Times investigation reveals that Binance continued to facilitate suspicious transactions worth $1.7 billion through high-risk accounts, even after a $4.3 billion U.S. criminal settlement. This included funds tied to networks for Iran and Hezbollah, raising concerns about compliance.

Bitcoin's recent price fluctuations indicate a potential end to the bull market, as demand diminishes according to CryptoQuant analysts. Key support has faded following three significant demand waves, with possible targets for further decline set between $70,000 and $56,000.