Korea's Upbit Suspends Deposit And Withdrawal Service After $37M in Abnormal Activity in Solana Tokens

Bitcoin whales have resumed buying for the first time since August, coinciding with the cryptocurrency's price recovery above $90,000. This resurgence follows a period of volatility, indicating renewed confidence among large investors in the market's potential for growth.

A malicious Chrome extension named Crypto Copilot has been identified, allowing users to trade Solana directly from X while secretly skimming a portion of each transaction. This raises significant concerns regarding user security and trust in cryptocurrency trading tools.

The 21Shares Solana ETF (TSOL) has experienced a significant outflow of over $34 million in a single day, marking the end of a previously successful run for Solana ETFs. This reversal comes amid a broader trend of shifting investor sentiment in the cryptocurrency market.

BNB has been trading below the $900 level as on-chain activity declines, indicating a slowdown in user engagement and market interest. This drop in activity coincides with upcoming network upgrades, which may impact future performance.

DWF Labs has launched a $75 million fund aimed at accelerating the development of decentralized finance (DeFi) infrastructure, targeting next-generation projects across various blockchain platforms including Ethereum, BNB Chain, and Solana. This initiative reflects a growing commitment to enhancing the DeFi ecosystem and supporting innovative financial solutions.

Australia has introduced a new Digital Assets Bill aimed at preventing past failures in the cryptocurrency sector. This legislation seeks to establish a regulatory framework that enhances consumer protection and fosters innovation within the digital asset space.

Bitcoin has led a significant recovery in the cryptocurrency markets, with its price rising above $86,000 as traders anticipate a potential Santa rally. This rebound follows a period of volatility and significant losses earlier in the week, highlighting Bitcoin's resilience amidst broader market challenges.

Ark Invest has made a significant investment by purchasing $16.5 million worth of Coinbase stock, marking its largest acquisition of Coinbase shares since August 1. This move comes amid a challenging environment for cryptocurrency stocks, which have been under pressure recently.