29 Dec 202315:57
Crypto Events Recap, December 28-29

Crypto Events Recap, December 28-29


Approved community proposal to reduce the maximum supply of its native CAKE token from 750 Million to 450 Million.


Surpassed more transactions than Ethereum over a one-month period, processing 34.7 Million transactions in the past 30 days.


Halted user deposits of tokens FSN, ZKS, CAPO, CVP, XMR, DASH, ZEC, and ZEN. Withdrawal will be suspended from March 5th.

India Financial Int.

Asked to block exchanges include Binance, Kucoin, Huobi, Kraken, Gate.io, Bittrex, Bitstamp, MEXC Global, and Bitfinex.

Ark Invest

Sold 148.8K more of Coinbase shares (approx. $27.5M) and purchased $92M worth of ProShares Bitcoin Strategy ETF.


Canadian crypto exchange has frozen all trading, deposits, and withdrawals following a security breach that involved the loss of funds.

Levana Protocol

Perpetuals-trading protocol suffered an exploit with a loss of over $1.1 Million in liquidity pools on the Osmosis blockchain.

Avalanche Foundation

Intends to use Culture Catalyst to purchase meme coins on Avalanche-based to create a collection alongside other assets.

China Government

Urged local officials to implement stricter measures against Tether stablecoin use in cross-border foreign exchange transactions.


The judge allowed Celsius Network to switch to Bitcoin mining, stating that the company could diverge from the approved bankruptcy plan.

GBA Capital

Chinese venture capital firm GBA Capital announced a $10 Billion pledge to establish a Web3 accelerator fund.

AIT Protocol

1M of AIT has been burnt following the successful buyback from tax revenue. More than $100K ETH was used during the process.