November 2025 delivered a stark reality check for the crypto ecosystem, as on-chain data from Presto Research revealed a simultaneous decline across nearly every key metric of user activity and financial commitment. This broad cooldown in active users, total value locked (TVL), protocol fees, and decentralized exchange (DEX) volumes unfolded against a backdrop of volatile price swings, highlighting a growing divergence between rising institutional interest and weakening retail and DeFi participation. While pockets of strength emerged on Ethereum, the overarching narrative was one of thinning engagement, raising questions about the market’s underlying momentum.
about Crypto On-Chain Activity Cools in November as User Engagement ThinsSonic
0 posts last weekUpbit Loses $36M in Solana Hack, Vows Full Reimbursement
South Korea’s largest cryptocurrency exchange Upbit has suffered a major security breach resulting in approximately $36 million in losses from compromised Solana network assets. The exchange detected irregular transfers from a hot wallet address on November 27, 2025, prompting immediate security measures including moving remaining funds to cold storage. Dunamu CEO Oh Kyung-seok has committed to fully reimbursing all affected customers using company assets, ensuring no financial impact to users despite the significant breach occurring during a critical corporate transition period.
about Upbit Loses $36M in Solana Hack, Vows Full ReimbursementSonic Expands to US with ETF Plan & Deflationary Shift
Sonic’s community has voted to establish a US subsidiary, Sonic USA LLC, which will issue 150 million tokens and oversee a $100 million private investment linked to Nasdaq. A key component is a $50 million ETF partnership with a regulated provider, using BitGo as custodian. Alongside geographic expansion, the network approved major tokenomics changes: 90% of FeeM revenue goes to builders, with increased burn rates for non-FeeM activity to create deflationary pressure. These measures aim to counter the token’s 60% annual decline and align incentives with long-term holders through locked tokens and value preservation mechanisms.
about Sonic Expands to US with ETF Plan & Deflationary ShiftDeFi Protocol CrediX Hacked: $4.5M Stolen, Recovery Promised
CrediX, a DeFi protocol, was hacked for $4.5 million in crypto, with the attacker exploiting an administrative account to mint unbacked stablecoins and drain collateral. Blockchain security firms CertiK and Peckshield confirmed the breach, noting the funds were moved from Sonic to Ethereum. CrediX assured users of full recovery within 48 hours, though its website remained offline. The attacker had gained privileged access six days prior, raising questions about platform security. CrediX, which offers high-yield lending (up to 10,000% APY), had recently rebranded from Fantom. Meanwhile, Sonic’s native token saw a minor price bump despite broader declines. The incident highlights ongoing risks in DeFi, echoing past warnings from regulators like Gary Gensler.
about DeFi Protocol CrediX Hacked: $4.5M Stolen, Recovery PromisedCrypto Markets Rebound as Bitcoin Hits $106K Amid Ceasefire News
Bitcoin’s price surged to $106,000 after reports of a ceasefire agreement between Israel and Iran, sparking a broader crypto market recovery. Altcoins, particularly SEI (up 41%), saw significant gains, though lingering geopolitical uncertainty kept volatility high, with over $500 million in leveraged positions liquidated. While the market rebounded, Israel’s accusations against Iran and threats of retaliation cast doubt on the ceasefire’s stability, leaving traders cautious about the sustainability of the rally.
about Crypto Markets Rebound as Bitcoin Hits $106K Amid Ceasefire NewsSonic SVM: Solana’s New Web3 Innovation Hub
Sonic SVM, Solana’s first SVM-based chain extension, has rapidly become a hub for Web3 innovation, hosting over 250 project submissions from its recent Mobius Hackathon. The platform supports DeFi, NFTs, and on-chain gaming, with standout projects like SEGA (a ve(3,3) DEX with $9M+ trading volume), Chaos Finance (Sonic’s native liquid staking protocol), and Goodr (a Web3 anime IP platform). Chillonic introduces a novel NFT liquidity solution, while FoMoney merges gaming with tokenomics. Sonic SVM’s ecosystem showcases Solana’s scalability and flexibility, positioning it as a key player in the Web3 space.
about Sonic SVM: Solana's New Web3 Innovation HubSonic Partners with Chainwire for Developer PR Boost
Sonic Labs, the developer behind the high-performance EVM blockchain Sonic, has partnered with Chainwire, a leading crypto PR distribution platform, to provide discounted press release services for its ecosystem projects. This initiative is designed to enhance visibility for Sonic-based applications by leveraging Chainwire’s extensive network of over 100 crypto news outlets. Sonic’s unique Fee Monetization (FeeM) model, which rewards developers with 90% of network fees generated by their apps, combined with this PR boost, positions Sonic as a developer-first blockchain. The partnership reflects a shared vision of supporting Web3 innovation by equipping builders with essential tools for growth and outreach. Chainwire’s guaranteed placements and multilingual distribution further strengthen Sonic’s ecosystem appeal.
about Sonic Partners with Chainwire for Developer PR BoostChainlink’s CCIP Launches on Solana, Unlocks $19B Market
Chainlink has integrated its Cross-Chain Interoperability Protocol (CCIP) on Solana, enabling secure cross-chain transactions for institutional-grade blockchain applications. This move, combined with the ‘Build on Solana’ initiative, supports projects like Solv, Backed Finance, and Shiba Inu in expanding their token ecosystems. The Cross-Chain Token (CCT) Standard, now on Solana, represents over $19 billion in market value, attracting institutional capital and deepening liquidity. CCIP’s adoption by major blockchains like Ethereum, Arbitrum, and BNB Chain enhances Solana’s interoperability. Experts from Maple Finance and ElizaOS highlight the protocol’s potential for DeFi growth and AI-driven cross-chain transactions.
about Chainlink's CCIP Launches on Solana, Unlocks $19B MarketChainlink Expands CCIP to Solana, Unlocks $19B Potential
Chainlink has expanded its Cross-Chain Interoperability Protocol (CCIP) to Solana, enabling secure data and token transfers between Solana and major blockchains like Ethereum, Arbitrum, and BNB Chain. This integration supports Chainlink’s Cross-Chain Token (CCT) Standard, enhancing multi-chain scalability. Solana’s high-speed, low-cost infrastructure, combined with CCIP, positions it as a hub for cross-chain DeFi and institutional activity. Leading projects like Solv, Backed Finance, and Shiba Inu are already adopting CCIP on Solana, representing over $19B in market cap. Chainlink Labs highlights this as a gateway for liquidity and real-world asset (RWA) tokenization, further solidifying Solana’s role in next-gen blockchain applications.
about Chainlink Expands CCIP to Solana, Unlocks $19B PotentialSonic vs. Fantom: Key Innovations for DeFi Enthusiasts
Sonic emerges as Fantom’s upgraded blockchain, addressing storage bloat and slow execution tied to Ethereum’s EVM. Unlike Fantom, which pioneered DAG-based fast transactions, Sonic introduces a fully independent network with optimized performance. The HTX report highlights its revamped tokenomics and DeFi-focused enhancements, positioning it as a compelling alternative for developers and users. Download the full analysis to explore Sonic’s technical and economic advantages over Fantom.
about Sonic vs. Fantom: Key Innovations for DeFi EnthusiastsCrypto Hacks Hit $92.5M in April 2025: Immunefi Report
April 2025 saw $92.5 million lost in crypto hacks across 15 incidents, a 27.3% rise from April 2024. The year-to-date total of $1.74 billion already surpasses 2024’s full-year losses. DeFi platforms dominated the targets, with UPCX ($70M) and KiloEx ($7.5M) suffering the biggest hits. Ethereum and BNB Chain accounted for 60% of attacks, while no centralized exchanges were affected. The trend highlights growing vulnerabilities in decentralized systems, with smart contract exploits and private key compromises being the primary attack vectors.
about Crypto Hacks Hit $92.5M in April 2025: Immunefi ReportAlchemy Pay Unveils Stablecoin-Focused Alchemy Chain Roadmap
Alchemy Pay’s newly unveiled Alchemy Chain aims to revolutionize cross-border payments by integrating global and local stablecoins like USDT, USDC, EURC, and MBRL into a seamless ecosystem. The ACH token will serve as gas for transactions, potentially increasing its utility as adoption grows. Additionally, the chain will support tokenized real-world assets (RWAs), bridging traditional finance with blockchain. Alchemy Pay’s expansion is bolstered by regulatory approvals, including FINTRAC registration in Canada, and partnerships with Ledger, Sonic, and Ethena to simplify crypto purchases. The company also showcased its solutions at the Hong Kong Web3 Festival 2025, signaling strong commitment to Web3 adoption. Meanwhile, the ACH token has seen a 23.40% monthly rally, trading at $0.02713.
about Alchemy Pay Unveils Stablecoin-Focused Alchemy Chain Roadmap