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Japan’s DMM Crypto shuts down Seamoon Protocol amid challenges

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DMM Crypto, a decentralized finance (DeFi) platform, has announced that it will discontinue the SeaMoon protocol, a key component of its ecosystem. The company cited a combination of strategic shifts and operational challenges in making the decision. SeaMoon, which was designed to offer yield generation through staking and liquidity provision, will no longer be supported, and users are advised to withdraw their funds from the protocol before the termination date.

The discontinuation of SeaMoon comes as part of DMM Crypto’s broader effort to refocus its resources on other areas of the platform. In a statement, the company explained that the decision to shut down SeaMoon was not made lightly but was necessary to ensure the long-term sustainability of its core services. Despite SeaMoon’s initial success in attracting liquidity and users, ongoing technical and market challenges ultimately led to the protocol’s discontinuation.

DMM Crypto also assured users that it would honor all outstanding withdrawals and provide assistance throughout the transition process. The platform emphasized that it would work closely with affected users to facilitate a smooth exit from SeaMoon, offering customer support and guidance on how to transfer their assets to other parts of the platform or external wallets. The shutdown is expected to be completed over the coming weeks, with a specific deadline set for users to exit.

The move reflects broader trends in the DeFi space, where platforms are continuously evolving and refining their offerings. While SeaMoon’s closure may signal a setback for DMM Crypto, the platform is positioning itself for future growth by reallocating resources to other initiatives. As the DeFi sector matures, companies like DMM Crypto are learning to adapt quickly to changing market conditions, regulatory scrutiny, and user preferences, making flexibility an essential trait for long-term success in the 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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