FTX estate sues KuCoin to recover over $50M in assets
The assets were initially valued at $28 million but now exceeded $50 million due to market fluctuations. The assets have been frozen by KuCoin since FTX’s collapse in November 2022.
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Top 5 Cryptocurrencies to Watch This Week: BTC, ATOM, LEND, XEM, YFI
Ripple Labs CEO Brad Garlinghouse believes that the U.S. Federal Reserve’s recent decision to allow inflation to stay above its 2% target objective could debase the dollar further. According to Garlinghouse, this decision is likely to lead “to further diversification of assets which will certainly be good for crypto.”The various stimulus and fiscal measures announced…

Vitalik Buterin is 'giantly important' to Ethereum’s future: Experts weigh in
Fellow co-founder Joseph Lubin and other industry experts highlight Vitalik Buterin’s role in Ethereum’s future, emphasizing his ongoing influence and contribution to the space.

Buy the breakout game’s token… and token of the chain it’s on: Jiho, X Hall of Flame
Axie Infinity and Ronin founder — and Pixels character — Jiho advises investors to buy gaming ecosystems, not just game tokens. Hall of Flame

Industry execs confident in DeFi adoption despite security flaws: Finance Redefined
Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week.Industry experts are confident in DeFi and believe the sector would continue to see adoption despite its security flaws, primarily due to the mammoth failure of centralized exchanges. Despite the…

DeFi exchange protocol DFX raises $5M in seed funding led by Polychain Capital
Polychain Capital has bet on a new DeFi exchange protocol looking to boost the adoption of stablecoins in DeFi. 3707 Total views 13 Total shares Veteran cryptocurrency investor Polychain Capital has joined a funding round in DFX Finance, a new decentralized finance exchange protocol optimized for non-U.S. dollar stablecoins.DFX raised more than $5 million in…

Synthetix announces $12 million raise led by Paradigm, Coinbase Ventures, and IOSG
As the community debates VCs participating in DAOs, Synthetix welcomes three new community members 1132 Total views 13 Total shares The Synthetix DAO has added some new, perhaps surprising voices to its governance. Today the synthetic asset protocol announced a $12 million dollar fundraise led by venture capital firms Paradigm, Coinbase Ventures, and IOSG. The funds…

Eigen Labs acquires Rio Restaking, opens LRT code
The Eigen Foundation is acquiring Rio Network’s intellectual rights and will open-source its liquid restaking token as a reference implementation in the EigenLayer ecosystem.

Interpol Collaborates With Cybersecurity Firm to Tackle Cryptojacking
Interpol has collaborated with cybersecurity firm Trend Micro to reduce cryptojacking affecting MikroTik routers across South-East Asia, according to a Jan. 8 press release. Though the collaboration reduced the number of affected devices by 78 percent, this is unlikely to have made a significant impact on mining hashrate.Cryptojacking is a malicious practice where attackers infect…