AXS

Axie Infinity

Gaming-focused crypto tokens are quietly returning to the spotlight as risk appetite improves across the broader market. Axie Infinity (AXS) recently surged over 50% in a single day and more than 124% in the past month, reigniting interest in the gaming narrative. Riding this ren...

The GameFi market cooled this week after a strong start to January, as Axie Infinity (AXS) logged sharp swings and another blockchain game abandoned Web3 altogether. As of Jan. 16, the total GameFi market capitalization fell about 2% week-over-week (WoW) to around $9.35 billion a...

The cryptocurrency market will see significant token unlocks across 12 different altcoins this new week. Here are the details. Continue Reading: Watch Out: Large Token Unlocking Events in 12 Altcoins in the New Week – Here’s the Day-by-Day, Hour-by-Hour List

GameFi significantly underperformed in 2025 with a 55% funding drop and low market enthusiasm. Read original article on coinlive.me

After a heated run in previous cycles, 2025 saw a massive decline in funding for GameFi projects, forcing many studios to close down as incentives dried up. GameFi’s funding collapse in 2025 exposed broken token models, while a quieter shift…

Today, South Korean crypto exchange Upbit announced that it has deleted old deposit addresses as part of wallet maintenance and security improvements. Upbit revealed that users must create new addresses before making a deposit. The exchange warned that if users use the existing addresses, it might take longer for the deposits to be reflected. Upbit announced that, starting on December 5 at 17:00 KST, deposits and withdrawals for 33 assets across 21 networks will be progressively resumed. The exchange emphasized that deposits and withdrawals will be made sequentially following the reinstatement of deposit and withdrawal services, beginning with network digital assets whose security has been verified. Upbit implements new measures after Solana exploit Upbit claimed that new deposit addresses are needed for all digital assets due to security vulnerability improvements. Deposits and withdrawals of digital assets that were suspended for various reasons prior to the inspection may remain suspended until the issue is resolved. The exchange stated that once the target service’s stability has been verified, any staking requests, NFT deposits, and withdrawals supported by the network or digital asset will be resumed. As previously reported by Cryptopolitan, the platform initially suspended all its services on November 27 due to a security breach that resulted in the unauthorized withdrawal of approximately 54 billion Korean won ($36.8 million). The attackers stole SOL, USDC, and more than 20 other Solana-based tokens like BONK, JUP, RAY, ORCA, RENDER, PYTH, and TRUMP. The incident took place the day after Naver Financial announced that it would acquire Dunamu, the parent company of Upbit, for 15.1 trillion won ($10.3 billion) in an all-stock merger that was scheduled to be finalized in June 2026. To prevent any losses, Upbit promptly suspended all deposits and withdrawals on its platform and transferred any remaining assets to cold storage. In addition to successfully freezing $8.18 million worth of LAYER tokens, the exchange continues to collaborate with authorities and projects to freeze further stolen funds. Oh Kyung-seok, CEO of Upbit, stated that the exchange will use its own reserves to cover the whole sum, guaranteeing that no customer would suffer personal losses. North Korean Lazarus group linked to Upbit hacks Upbit has been hacked before. In 2019, the Lazarus Group was suspected of stealing 58 billion won worth of Ethereum from Upbit. A further inquiry came to the tentative conclusion that the Lazarus Group and other North Korean state-backed units were responsible for the attack. Notably, the recent breach happened on November 27, the same day as the 2019 hack. According to South Korean government officials, the hackers either gained access to administrator accounts or impersonated administrators to approve the transfers. Blockchain analysis reveals that the hacker’s wallet converted Solana to USDC before bridging the cash to the Ethereum network, in what appears to be an effort to conceal the trail. Immunefi, a blockchain security platform, revealed that Lazarus was responsible for more than $300 million in losses from cryptocurrency hacking incidents in 2023, accounting for 17.6% of all losses. Over the past decade, the Lazarus Group has been responsible for some of the largest hacks, particularly in the rapidly growing cryptocurrency sector. According to Immunefi, Lazarus began focusing on cryptocurrency protocols after initially gaining notoriety for its 2014 cyberattack on Sony Pictures. In March 2023, the Lazarus hacked Ronin Network, a bridge utilized by the well-known Web3 game Axie Infinity, and stole around $600 million. Lazarus also conducted the cyber heist on the Central Bank of Bangladesh in 2016, resulting in $81 million in losses. According to blockchain analysis company Elliptic, hackers employed by the North Korean government have taken over $2 billion in cryptocurrency so far this year. On October 7, Elliptic published a blog post with new forecasts, stating that the firm’s data “shows the largest annual total on record, with three months still to go,” and is based on more than 30 hacks in 2025. Claim your free seat in an exclusive crypto trading community - limited to 1,000 members.

Call of Odin's Chosen rolls out real-time on-chain data verification for transparent player mining records in the VWA ecosystem. Read original article on coincu.com

Animoca Brands has taken a major step toward expanding its institutional footprint in the Middle East after receiving in-principle approval from the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM). The approval marks a pivotal milestone for th...

Investing in early-stage crypto projects with real prospects has gotten much easier thanks to the emergence of launchpads, which offer a more standardized and trusted way for founders to raise money and build loyal communities. They give early investors a chance to buy up cheap t...