Zama Launched Confidential USDT Transfers, Spreads Launched Niche Vaults Farming, Trust Wallet Compensates Breached Funds
Launches 🚀
Zama Protocol’s mainnet launch enables the first fully confidential USDT transfers on Ethereum using Fully Homomorphic Encryption (FHE), allowing computations on encrypted data without decryption.
Uniswap Labs executed UNIfication, setting Labs interface fees to zero, burning 100M UNI from the treasury, and activating protocol fees on Uniswap v2 and selected v3 pools on mainnet. Fees from Unichain will flow to UNI burns after OP and L1 data costs, with additional fee sources to be proposed through future governance votes.
Synthesis Trade’s public beta launch introduces a unified aggregator for prediction markets like Polymarket and Kalshi, allowing cross-platform trading with one wallet and real-time order books for events from sports to politics.
Spreads Finance announced its launch with an initial USDC product that mints sprUSD and allocates capital into delta-neutral perp strategies to earn funding-rate carry, staking yield, and points.
Phoenix AI launched AlphaNet AI DEX, opening access to its first wave of whitelisted users. The launch includes AI-based algo execution to reduce slippage, proprietary ML models for market analysis, and click-to-deploy quantitative strategies
Axios Finance, a fixed-rate, fixed-duration lending protocol powered by Fuel Network, launched its beta mainnet, opening limited invite access for early community members via an invite-only rollout. The team also opened a private Telegram channel to collect direct user feedback as it continues refining the product during the beta phase.
Jupiter announced the launch of Jupiter Mobile V3, with revamped discovery, token analysis, and trading UX. The update removes the need for in-app browsers, aims to lower trading costs versus other mobile apps.
Updates 📰
Grayscale has filed an initial S-1 with the U.S. Securities and Exchange Commission for the Grayscale Bittensor Trust (GTAO), following the trust’s recent transition into an SEC reporting company via its Form 10 filing.
Metaplanet Inc. acquired an additional 4,279 BTC, bringing its total bitcoin holdings to 35,102 BTC.
Sonic Labs paused its ETF, clarifying that no $S has been minted for its approved $50M ETF allocation and will only proceed if $S trades above $0.50, capped at $50M or 100M tokens. Any ETF-seeded tokens would be held in a regulated product and not enter open-market circulation.
Sonic Labs said its $40M DAT structure with SonicStrategy remains in place, with ~126M S tokens locked under a convertible debenture that only converts upon a NASDAQ listing or is otherwise returned and burned. The debenture term was extended by three years due to market conditions, while SonicStrategy continues accumulating S via open-market purchases and operating validators, with no token sales to date.
Aerodrome said its Public Goods Funding program completed a 964K AERO buyback, with the tokens acquired and max-locked.
Infinex opened registration for its INX sale, offering 5% of supply at a $99.99M FDV with chance-based allocation and order sizes between $200 and $2,500. Tokens carry a one-year lock with an optional early unlock, and the sale runs Jan 3–6 ahead of a late-January TGE.
BitMine Immersion Technologies reported total crypto and cash holdings of $13.2 billion as of Dec. 28, including 4.11 million ETH—around 3.41% of total ETH supply, 192 BTC, and $1.0 billion in cash. The company said 408,627 ETH is currently staked, with broader staking planned in early 2026.
Pear Protocol has announced a governance proposal to increase token buybacks. The team encouraged PEAR holders to review the proposal on Snapshot and vote on the protocol’s next direction.
Issues ⚠️
Flow Blockchain said the network has entered Phase 1 operational status, with the Cadence environment live, blocks processing normally, and over 99.9% of accounts fully restored. The EVM environment remains in read-only mode, and some suspected impacted accounts are temporarily restricted, with Phase 2 remediation underway and EVM restoration planned for Phase 3.
Unleash Protocol suffered a governance-related exploit resulting in roughly $3.9 million in stolen assets, after an attacker gained administrative control via its multisig governance system and executed an unauthorized contract upgrade.
Funds were bridged to Ethereum and partially routed through Tornado Cash, with affected assets including WIP, USDC, WETH, stIP, and vIP.
Unleash has paused operations and stated that the issue stems from internal governance controls, rather than a flaw in Story Protocol, while investigations continue.
Solstice said recent USX secondary market volatility, which depegged to 0.1 on Orca and Raydium, was driven by thin holiday liquidity and concentrated sell pressure, with the core protocol, collateral, NAV, and OPEX remaining unaffected as the team and market makers restored pricing.
An independent attestation from Accountable confirmed no issues with custodied assets and published an updated proof of solvency following the dislocation.
Trust Wallet launched a formal compensation process for users affected by the Chrome extension v2.68 breach that led to roughly $7 million in stolen funds across Bitcoin, Ethereum, and Solana. Confirming it will be fully reimbursed, with Changpeng Zhao stating losses will be covered.
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