Cryptocurrency News & Live Updates
Synopsis
Celestia has acquired 43.4 million TIA from Polychain for $62.5 million, ending their staking partnership and initiating a phased redistribution of the tokens.
In a significant move, Celestia has reclaimed 43.4 million TIA from Polychain Capital, marking the end of a lucrative staking relationship. This buyback, valued at $62.5 million, raises questions about the future distribution of these tokens. Meanwhile, WOO X has temporarily halted withdrawals following a $14 million exploit, affecting nine user accounts. The platform is investigating the incident and assures that all affected users will be reimbursed. In market movements, Sei’s price has shown resilience, forming a golden cross and benefiting from the integration of USDC, while HBAR has entered bear territory despite signs of potential recovery through dApp growth and a bullish golden cross. Lastly, Ethereum’s upcoming Fusaka hard fork aims to enhance performance and security without altering smart contract behavior, focusing on behind-the-scenes improvements. As the crypto landscape evolves, these developments highlight both the opportunities and challenges within the industry.
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Celestia Completes $62.5M TIA Buyback from Polychain
Celestia has acquired 43.4 million TIA from Polychain for $62.5 million, ending their staking partnership and initiating a phased redistribution of the tokens.
WOO X Suspends Withdrawals After $14M Hack
WOO X has halted withdrawals following a $14 million exploit that affected nine user accounts, though the platform claims the incident was contained and user funds remain secure.
Sei Price Surges Amid USDC and Gaming Growth
Sei’s price rebounded to $0.3285, nearing its yearly high, following the integration of USD Coin, which has boosted stablecoin activity and user engagement on its network.
HBAR Faces Bear Market but Signs of Recovery Emerge
Hedera’s HBAR token has entered a bear market after a 22% drop, but indicators like dApp growth and a bullish golden cross suggest a potential rebound.
Ethereum’s Fusaka Hard Fork Set for November
The Fusaka hard fork, Ethereum’s upcoming upgrade, aims to enhance performance and security without introducing new user features, with a tentative launch in November 2025.
Tether Readies USDT Minting on Ethereum
Whale Alert reports Tether has minted 1 billion USDT on Ethereum, with CEO Paolo Ardoino stating the transaction is authorized but not yet issued, intended for future issuance requests and on-chain exchanges.