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Seychelles-based crypto exchange MEXC has come under fire for allegedly locking users out of their accounts and seizing their funds.

These actions, which the exchange claims were motivated by abnormal trading activities, have sparked concerns from the crypto community.

Many users have flocked to social media platform X in recent days to accuse MEXC of locking them out of their accounts, seizing their funds, and failing to respond to support requests.

Read more: http://tinyurl.com/3a48hf8v
Decentralized finance (DeFi) protocol Curve Finance (CRV) says it will compensate users who sustained losses as a result of a massive security breach earlier this year.

In late July, a vulnerability with the programming language Vyper 0.2.15 enabled hackers to exploit several liquidity pools on the platform, leading to losses of around $70 million.

Read more: http://tinyurl.com/bdhsj4xe
The SEC is taking one final look at the Bitcoin ETF proposals.

The financial watchdog has set a deadline for final changes.

Reports indicate increasing signs of a potential ETF approval in early January.

Read more: http://tinyurl.com/eeyr5a7v
Developers of the zkSync network got an unwelcomed Christmas present on Dec. 25.

The network went offline, requiring the team to “inspect” it during the holiday to determine what went wrong, according to a Christmas Day announcement from the team.

As per the team, zkSync was back up and running after approximately five hours.

Read more: http://tinyurl.com/bd6hhdd7
Chainlink co-founder Sergey Nazarov believes a spot Bitcoin ETF will create a path for institutions to buy Bitcoin en masse, eventually leading to more blockchain products and services.

Read more: http://tinyurl.com/nhc6227m
The monthly activity level of Solana’s addresses has surpassed its previous greatest point this year, reaching a new milestone of over 16.45 million in December.

According to on-chain data from The Block, Solana’s active addresses have been growing since October, reaching a yearly high of 981,380 daily transactions on December 21. Meanwhile, transactions in December are now at a yearly high of 16.45 million, already surpassing January’s count of 15.24 million.

Read more: http://tinyurl.com/zuxe3apt
Some creditors of failed crypto exchange Mt. Gox have been paid settlement funds twice, according to multiple reports on Reddit.

According to at least one Reddit user, Mt. Gox has admitted the error through email and is demanding the second payment be given back.

Read more: http://tinyurl.com/5n88hfsn
According to data from Bitinfocharts, first reported by Benzinga, there are now over 90,360 Bitcoin millionaire addresses, meaning the number of addresses with a value of over $1 million worth of the flagship cryptocurrency in them has surged 221% year-to-date.

Read more: http://tinyurl.com/tmchsy6p
In November, KyberSwap was exploited for $46.5 million worth of digital assets, including $20.78 million worth of Wrapped Ethereum (wETH), $9.53 million worth of Lido-wrapped staked Ethereum (wstETH), and $4.1 million worth of layer-2 scaling solution Arbitrum (ARB).

Kyber Network CEO and founder Victor Tran says on the social media platform X that due to the exploit, the firm is taking measures to make up for the lost funds, including large staff cuts.

Read more: http://tinyurl.com/49axkbt2
According to James Butterfill, Head of Research at CoinShares, digital assets saw a net inflow of $103 million last week, as the wider crypto industry went through a few days of bullish sentiment.

Read more: http://tinyurl.com/yvk6y93x
New data from the whale-surveying platform Whale Alert reveals that a deep-pocketed crypto investor abruptly moved 4,254,147,213,294 SHIB, worth about $46.46 million at the time of the transaction, from an unknown wallet to another unknown wallet.

Read more: http://tinyurl.com/2s3ws695
U.S. Congressman Warren Davidson calls for firing SEC Chair Gary Gensler in 2024.

Davidson criticizes SEC’s aggressive approach under Gensler, particularly towards the crypto sector.

He introduced the SEC Stabilization Act to restructure the agency and remove Gensler.

Read more: http://tinyurl.com/mrmpjbej
MicroStrategy bought 14,620 units of Bitcoin for approximately $615.7 million in cash between Nov. 30 and Dec. 26 at an average price of $42,110 per BTC, according to a Dec. 27 Form 8-K filing submitted to the U.S. Securities and Exchange Commission (SEC).

Read more: http://tinyurl.com/2h2et35x
Popular data provider Arkham Intel shared that former US president Donald Trump sold Ethereum (ETH).

At this point, Arkham stated that Trump sold the royalties he had accumulated from the sale of “Trump NFT” collections.

Former US President Trump started sending the ETHs he had been saving for months to Coinbase about 3 weeks ago. Arkham said today that Trump sold 1,075 ETH for $2.4 million.

Read more: http://tinyurl.com/54a3y93w
In the last 20 days, Bitcoin (BTC) has lost four percentage points of its cryptocurrency market dominance, fueling an altseason. A dominance loss means key cryptocurrencies are outperforming the leader, absorbing capital.

The index has aggressively plummeted to 51.43% after breaking down from November’s low at 51.82%. Bitcoin’s dominance has not been this low since October 16, which marks a pivot after peaking at 55.35% on December 7.

Read more: http://tinyurl.com/44tn3wpu
India’s Financial Intelligence Unit (FIU) has taken stringent measures against nine offshore Virtual Assets Service Providers (VASPs) for non-compliance with India’s Anti-Money Laundering and Counter Financing of Terrorism (AML-CFT) laws, according to a Dec. 28 annoucement.

The list of entities issued notices includes renowned global firms such as Binance with multiple global addresses, KuCoin, Huobi, Kraken, Gate io, Bittrex, Bitstamp, MEXC Global, and Bitfinex.

Read more: http://tinyurl.com/5d8hccx6
Judge Jed Rakoff in the U.S. District Court for the Southern District of New York granted summary judgment for the SEC on that claim, while also siding with Terraform “on the claims involving offering and effecting transactions in security-based swaps,” according to an order filed on Thursday.

Read more: http://tinyurl.com/38ja9m2k
Bitcoin's daily transaction fees soared by 35 times in 2023, with its fees going even higher than Ethereum in this area. Data from IntoTheBlock shows a sharp rise in Bitcoin fees due to increased blockchain activity and the popularity of Inscriptions.

Read more: http://tinyurl.com/59cxenwn
Major investors acquired approximately 360 million XRP between December 14 and 22, translating to a considerable value of over $220 million.

Read more: http://tinyurl.com/yc4w8s6j
Happy New Year and Merry Christmas iTubers!