Latest news with #DeFi-related
Business Insider
29-07-2025
- Business
- Business Insider
XXKK Exchange Completes System-Level Security Upgrade to Enhance Asset Protection and Regulatory Readiness
XXKK Exchange, a global crypto trading platform, has successfully completed a comprehensive upgrade to its system-wide security architecture. The update strengthens key components of the platform's trading engine, user protection mechanisms, blockchain-based asset storage, and compliance infrastructure. This milestone reinforces XXKK's commitment to building a multi-layered, institution-grade defense system tailored to the evolving needs of digital asset traders, while aligning with international regulatory frameworks and Web3 infrastructure standards. Amid rising global threats targeting crypto platforms—ranging from smart contract exploits to cross-chain bridge vulnerabilities—XXKK Exchange continues to maintain a zero major incident record. The platform prioritizes proactive, prevention-first security over reactive patching, investing in long-term resilience and sustainable blockchain governance. Key Security Enhancements The upgrade introduces five core improvements: Trading System: A modular, permission-tiered architecture now governs matching engines, risk modules, and transaction channels—limiting lateral threat movement and ensuring fault-tolerant scaling. Key and Asset Management: Next-generation Hardware Security Modules (HSMs) now manage both cold and hot wallet keys, with multi-signature protocols and scheduled key rotation. An asset protection fund has also been launched, offering up to $1 million in compensation for users affected by platform-level failures. User Account Security: Enhanced two-factor authentication (2FA), behavioral login modeling, and real-time detection of high-risk wallet addresses using on-chain reputation analytics now protect user accounts. Real-Time Risk Engine: A dynamic risk engine continuously analyzes blockchain activity, withdrawal patterns, and API traffic. It automatically triggers throttling, freezing, or internal audits in response to suspicious activity—mitigating exposure to DeFi-related attack vectors. Compliance and Transparency: XXKK has launched a quarterly penetration testing program and initiated third-party SOC 2 Type I certification. These efforts lay the groundwork for a transparent, standards-based crypto audit trail. Executive Statement 'User fund protection cannot rely on promises alone—it must be backed by real technical strength,' said Emmalyn, Head of XXKK Exchange. 'We've developed a resilient architecture that incorporates encrypted asset segregation, access control tiers, advanced risk modeling, and continuous auditing. Our asset protection fund also ensures financial recourse in the rare event of system failure.' 'As we scale globally, security is no longer a reactive function—it's the foundation of our infrastructure. We're committed to investing in automated defenses, compliance frameworks, and user risk education to maintain zero-incident operations across all conditions.' Regulatory Licenses XXKK Exchange currently holds the following regulatory registrations: S. MSB Registration: License #31000222694535 (August 5, 2022) Canadian MSB License: License #M22420435 (September 8, 2022) Saint Vincent FSA License: License #3393 (January 23, 2024) Later this year, the platform will publish its inaugural Annual Security and Transparency Report, which will include: Proof of Reserves (PoR) Emergency response protocols Third-party security partnerships Internal control disclosures With the support of a dedicated compensation fund and robust technical safeguards, XXKK Exchange remains focused on achieving its operational goal of 'zero user losses.' About XXKK Exchange XXKK Exchange is a globally leading multi-asset crypto platform, founded by professionals with deep expertise in both traditional finance and blockchain technology. By bridging institutional-grade systems with Web3 innovation, the platform delivers secure, efficient, and compliant crypto trading experiences worldwide. Contact
Business Upturn
28-07-2025
- Business
- Business Upturn
Top Losers in Crypto in the last 24 hours: FIS falls 16.15% as market corrections hit low-cap assets
The crypto market took a breather today. While some tokens saw healthy gains, others weren't as lucky. Many smaller-cap tokens faced pressure, showing signs of sell-offs or short-term corrections. Traders seem to be locking in profits or moving to safer bets after recent rallies. Here's a look at the coins that dropped the most in the past 24 hours. Top Losers in Crypto in the last 24 hours FIS At the top of the losers list, FIS saw the steepest fall, plunging by 16.15%. It now trades at $0.1334. This sharp decline could indicate reduced demand or big holders offloading their bags. FIS had been gaining traction recently, so this dip may just be a market reset. MDT Next up, MDT fell by 14.57%, bringing its price down to $0.03025. The drop came without any major news, suggesting it could be part of a broader risk-off sentiment in altcoins. MDT often moves quietly, so a correction like this may attract short-term buyers soon. GLM GLM also faced heavy selling, sliding 13.83% to $0.2997. It had shown strength earlier this month, so today's red candle might just be the aftermath of that run-up. Unless the trend continues, this could be a healthy retracement. BIFI In the high-value token category, BIFI lost 9.78% and now stands at $207.60. The coin tends to see large swings, but this fall was significant even by its standards. It could be tied to liquidity movement or sudden large sells. Other notable coins OMNI was down 8.79%, closing at $2.80. No major announcements surfaced, but the drop lines up with general weakness in low-volume tokens. Similarly, CVX fell by 8.21%, settling at $5.55. The correction might reflect uncertainty among DeFi-related assets, especially with shifting sentiment in the broader ecosystem. T, also known as Threshold, slipped 8.14%, now at $0.0185. This follows a modest gain streak earlier in the week. Its decline could be temporary, especially if on-chain metrics remain stable. SPK dropped by 7.31%, currently trading at $0.0942, while REI came in just below with a 7.28% loss, now at $0.0219. These dips aren't uncommon for micro-cap tokens. Finally, IDEX finished the top 10 loser list with a 6.91% decline, closing at $0.03179. Altogether, today's losers reflect a shift in trader attention. Investors appear to be rotating out of high-risk tokens, at least for the moment. With many of these coins coming off recent highs, today's red numbers could simply be part of a routine market cooldown rather than panic.
Yahoo
10-06-2025
- Business
- Yahoo
Aave, Uniswap, Sky Tokens Surge Over 20% as SEC Roundtable Spurs DeFi Optimism
Decentralized finance (DeFi) tokens UNI, AAVE and SKY all rose by more than 20% on optimistic comments from SEC Chair Paul Atkins at a Monday roundtable discussion about the sector. Atkins instructed the regulator to explore exemptions to let decentralized finance (DeFi) firms conduct operations without as many restrictions. "The right to have self-custody of one's private property is a foundational American value," he said. The comments are a stark contrast to those made by the previous commission led by Gary Gensler, which was criticized for stifling innovation by imposing restrictive guidance on crypto firms. "Can you imagine a starker contrast with the previous SEC's approach?," said Noelle Acheson, analyst and author of Crypto Is Macro Now newsletter. "We expected Atkins to say some nice words around the potential for innovation to unleash new financial efficiencies," she wrote. "We didn't expect his support to be quite so emphatic." Industry members heralded the event as a symbolic milestone the event , June 9th "will be remembered as DeFi day," Changpeng "CZ" Zhao, founder of Binance, the largest crypto exchange by trading volume posted on X. "The DeFi Renaissance continues," said Arthur Cheong, founder and CEO of crypto investment firm DeFiance Capital. DeFi-related tokens well outperformed an already upbeat crypto market with bitcoin BTC bouncing to near record prices. Ethereum's ether ETH, a key hub for DeFi applications, also jumped over 8%. The broad-market crypto benchmark CoinDesk 20 Index was 4.7% up over the past 24 hours, while BTC gained 1.5% in the same in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
