The SwapNet exploit led to a loss of $16.8 million, primarily affecting users without one-time approval protections. The attacker exchanged USDC for ether and bridged assets to Ethereum, raising concerns about persistent token permissions in DeFi.
Reports suggest Donald Trump may attend a 2026 summit linked to a “Trump account” in relation to cryptocurrency. However, lack of confirmed details raises skepticism about its potential impact on the crypto market and investor sentiment.
The SEC will drop its lawsuit against Gemini's Earn product after investors fully recovered their assets. This decision highlights ongoing regulatory scrutiny in the crypto sector and reflects a broader trend of increased enforcement following market disruptions.
Elon Musk will speak with Laurence Fink at the Davos Forum on January 22, 2026, focusing on broader economic themes rather than cryptocurrency. Despite Musk's past influence on crypto markets, no immediate impact is expected during this discussion.
President Trump's claim on Greenland is straining U.S.-Europe relations, leading to market sell-offs and heightened geopolitical tensions. The strategic importance of Greenland complicates matters, influencing economic policies and investor behavior.
China is enhancing economic and financial security by intensifying measures against financial fraud and virtual currency-related crimes, led by the Supreme People’s Procuratorate under Ying Yong. This focus reflects a response to emerging financial threats, with a noted increase in prosecutions.
The DOJ is probing the Federal Reserve's $2.5 billion renovation costs without anticipated issues. White House officials expect transparency but have noted no significant impact on cryptocurrency or markets. The investigation raises longstanding concerns about the Fed's independence from political pressures.
Oobit has integrated Phantom Wallet, allowing over 15 million users to make real-time crypto payments at Visa merchants globally. This expansion facilitates everyday crypto use, enhances adoption, and ensures secure transactions without pre-funding.
The U.S. expanded travel restrictions for 39 countries, effective January 1, aim to enhance national security. While affecting visa policies, there is no immediate impact on cryptocurrency markets.