Bunni DEX confirms shutdown after losing $8.4M in September exploit

WazirX is making a strong comeback by offering 30 days of zero-fee crypto trading, aiming to rebuild liquidity and trust after a long break. This initiative is significant as it not only attracts users back to the platform but also revitalizes the crypto trading environment, which has faced challenges recently. By eliminating trading fees, WazirX hopes to encourage more transactions and engagement, marking a positive step forward in the competitive crypto market.

The upcoming crypto bull run is set to be fueled by deeper liquidity rather than mere hype, suggesting that the market could surpass the $6 trillion mark. This shift in focus to liquidity indicates a more stable and sustainable growth trajectory for cryptocurrencies, making the prospect of reaching this milestone not just a dream but a tangible goal. Investors and enthusiasts alike should pay attention, as this could reshape the landscape of the crypto market.

Bunni DEX has made a significant move by re-licensing its v2 smart contracts from a Business Source License to an MIT license. This change allows developers to freely use all the features created by Bunni, which has been met with positive feedback from the community. This shift not only enhances collaboration within the crypto space but also reflects a growing trend towards open-source development, making it easier for innovation to thrive.

WazirX, one of India's leading cryptocurrency exchanges, is set to restart trading this Friday after a year-long shutdown caused by a significant $230 million hack. This news is crucial as it marks a return to normalcy for users who have been eagerly waiting to access their accounts and trade again. The reopening not only restores confidence in the platform but also highlights the resilience of the cryptocurrency market in overcoming challenges.

SEC Chair Paul Atkins has emphasized that oversight of the cryptocurrency market will persist even during the government shutdown, which is significant as it highlights the ongoing challenges faced by ETF approvals and filings. This situation matters because it reflects the regulatory landscape's impact on the crypto industry, ensuring that despite delays, there is still a commitment to monitoring and regulating the market.

The Kadena organization has announced a shocking decision to shut down all business operations and halt maintenance of its blockchain, citing ongoing market pressures. This marks a significant moment in the cryptocurrency world, as Kadena was a notable player in the proof-of-work Layer-1 network space, developed over nearly a decade. The shutdown not only affects its dedicated users but also raises concerns about the stability and future of similar blockchain projects in a challenging market.

Recent predictions indicate that the upcoming government shutdown could be unprecedented in scale, raising concerns about its potential impact on various sectors. This matters because a prolonged shutdown could disrupt essential services and affect the economy, highlighting the urgent need for bipartisan cooperation to resolve budgetary issues.

Crypto expert Diana has shared insights on the challenges XRP investors may face when trying to sell at peak prices. She highlights a potential liquidity shortage, suggesting that if too many investors attempt to sell simultaneously, there may not be enough demand to accommodate everyone. This information is crucial for investors to understand market dynamics and make informed decisions.

This week, Bitcoin is facing a potential dip below $100,000, as warned by Geoffrey Kendrick from Standard Chartered. He suggests that this drop could be a fleeting moment, marking the last time Bitcoin trades below six figures. This news is significant as it reflects ongoing volatility in the cryptocurrency market, which has been under scrutiny despite a broader bullish outlook from the bank. Investors are keenly watching these developments, as they could influence market sentiment and trading strategies.

Ledger has launched its new Nano Gen5, a hardware security device designed to provide affordable protection for AI-driven digital identities. This innovative product is significant as it addresses the growing need for secure digital identity management in an increasingly digital world, especially with the rise of AI technologies. By making security more accessible, Ledger aims to empower users to safeguard their personal information effectively.

Short-term holders in the cryptocurrency market are currently experiencing increased stress due to a cooling of speculative excess. This situation, while challenging, could ultimately lead to healthier market conditions as losses may reset the current speculative environment and stabilize overall sentiment. Understanding these dynamics is crucial for investors as it highlights the potential for a more balanced market moving forward.

The UK's Financial Conduct Authority (FCA) has filed a lawsuit against HTX for allegedly promoting cryptocurrency services to UK consumers without proper authorization. This legal action highlights the ongoing regulatory scrutiny in the crypto space, aiming to protect consumers from potential fraud and misleading practices. As the crypto market continues to grow, such enforcement actions are crucial for ensuring that companies comply with regulations, ultimately fostering a safer environment for investors.

The Netherlands is tightening its gambling regulations, which is significant for players and operators alike. These changes aim to create a safer gambling environment and protect consumers from potential harm. Understanding these new rules is crucial for players to navigate the evolving landscape and ensure they are compliant while enjoying their gaming experiences.

In the latest Crypto Daybook for the Americas, analysts discuss how risk proxies are impacting Bitcoin's recent bounce, while highlighting the performance of HYPE and XMR. This matters as it reflects the ongoing volatility in the cryptocurrency market and the factors influencing investor sentiment, which can affect trading strategies and market stability.