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dYdX to allow permissionless listing with new update

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In a significant development for the decentralized finance (DeFi) sector, dYdX, a leading decentralized exchange (DEX), has announced the rollout of permissionless listings and the introduction of a MegaVault liquidity update. These new features are set to enhance the platform’s flexibility and attract a wider range of users and assets.

The introduction of permissionless listings allows any project to list its tokens on dYdX without requiring approval from a centralized authority. This move democratizes access to the exchange, empowering smaller and emerging projects to gain exposure and liquidity in a more open and transparent environment. By removing barriers to entry, dYdX aims to foster innovation and expand the variety of assets available to traders on its platform.

In conjunction with permissionless listings, dYdX has also launched the MegaVault liquidity update, which is designed to significantly improve liquidity across the exchange. The update enhances the platform’s ability to handle larger trades with minimal slippage, making it more attractive to institutional investors and high-volume traders. The MegaVault feature pools liquidity from multiple sources, ensuring that dYdX can offer competitive pricing and efficient execution even during periods of high market volatility.

These updates represent dYdX’s ongoing commitment to decentralization and user empowerment. By introducing permissionless listings and enhancing liquidity, dYdX is positioning itself as a more robust and inclusive platform within the DeFi ecosystem. The exchange continues to push the boundaries of what’s possible in decentralized trading, setting a new standard for innovation and accessibility in the crypto space.

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Bitcoin price risks drop to $71K as Trump tariffs hurt US business outlook

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Bitcoin is setting its sights on the $71,000 mark as market conditions shift in response to geopolitical and economic developments, including a new tariff agreement and weakening U.S. business sentiment.

Recent market activity suggests that Bitcoin is benefiting from concerns over traditional economic indicators, with investors turning to digital assets as a hedge against economic uncertainty. A rare slump in U.S. business outlook has fueled speculation that risk assets, including Bitcoin, could see increased inflows.

Additionally, ongoing global trade negotiations and tariff adjustments have contributed to market volatility, prompting investors to seek alternative stores of value. Analysts suggest that if macroeconomic pressures persist, Bitcoin could continue its upward trajectory, potentially testing the $71,000 resistance level.

Despite short-term fluctuations, Bitcoin remains a focal point for investors navigating inflation concerns, regulatory shifts, and global economic trends. The coming weeks will be critical in determining whether Bitcoin can sustain its momentum and break through key price barriers.

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Crypto donations top $1B in 2024, gain traction after Myanmar, Thailand quake

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Changpeng “CZ” Zhao, the former CEO of Binance, has donated 1,000 BNB to aid relief efforts following a powerful earthquake that struck the Thailand-Myanmar border region. The donation, valued at approximately $600,000, aims to support those affected by the disaster and assist in recovery operations.

The earthquake caused significant damage in several areas, displacing residents and impacting local infrastructure. CZ’s contribution highlights the growing role of cryptocurrency in humanitarian aid, providing fast and transparent relief funding.

The donation will be distributed to organizations working on the ground to deliver emergency assistance, including shelter, food, and medical supplies. Crypto-based aid is increasingly being utilized in disaster response efforts due to its efficiency in reaching affected communities without the delays of traditional banking systems.

As the affected regions begin the recovery process, the crypto community continues to demonstrate how blockchain technology can play a meaningful role in global humanitarian initiatives.

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Hackers are selling counterfeit phones with crypto-stealing malware

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Security researchers have uncovered a wave of counterfeit Android devices preloaded with malware designed to steal cryptocurrency, posing a significant threat to users worldwide. The infected devices, which mimic popular smartphone brands, contain malicious software capable of hijacking digital wallets and siphoning funds.

The malware, embedded at the firmware level, allows attackers to gain remote access, intercept sensitive data, and execute unauthorized transactions. Because the malicious code is deeply integrated into the device’s operating system, it is difficult to detect and remove, making it a persistent threat.

Cybersecurity experts warn that unsuspecting buyers may unknowingly expose their crypto holdings to risk by purchasing these compromised devices from unverified sellers. Users are urged to exercise caution by only purchasing smartphones from trusted retailers and manufacturers.

The discovery highlights the growing sophistication of cybercriminals targeting the cryptocurrency sector. As mobile-based crypto transactions become more common, security measures such as hardware wallet usage and multi-factor authentication are increasingly essential to safeguard digital assets from emerging threats.

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