Coinbase granted full license in Singapore
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The license paves the way for Coinbase to offer a wider range of Digital Payment Token services in the region.
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The license paves the way for Coinbase to offer a wider range of Digital Payment Token services in the region.
[Port3 Network Attacked Due to Vulnerability in Cross-Chain Token Solution] Port3 Network released an incident report on Platform X, pointing out a boundary condition validation vulnerability in the CATERC20 cross-chain token solution adopted by the NEXA Network. The report indicates that after token ownership is renounced, the function's return value becomes 0, which aligns with the ownership verification condition, leading to a failure in ownership checks and potentially causing unauthorized access. The audit report for CATERC20 did not mention this issue, and Port3 tokens, having renounced ownership to achieve greater decentralization, are in a vulnerable state.
[Binance Will Delist PORT3 USDT-Margined Perpetual Contracts in November 2025] Binance has announced that on November 23, 2025, at 14:30 (UTC+8), all PORT3 USDT-margined perpetual contracts will be closed and automatically settled. After the settlement is completed, the contract will be delisted.
[Binance Futures to Delist USDⓈ-M PORT3 USDT Perpetual Contract] Binance Futures announces the delisting of the USDⓈ-M PORT3 USDT perpetual contract.
[OKX to Launch Zcash (ZEC) Spot Trading] OKX announces the launch of Zcash (ZEC) spot trading with the following schedule: ZEC deposits will open on November 23, 2025, at 13:45 (UTC+8); ZEC pre-order period will be from November 24, 2025, 19:00 to 20:00 (UTC+8); ZEC/USDT spot trading will commence on November 24, 2025, at 20:00 (UTC+8); ZEC withdrawals will open on November 24, 2025, at 22:00 (UTC+8).
[Tom Lee: October 11 Crypto Market Crash Triggered by Abnormal Drop in USDE Leading to Auto Liquidations] On November 23, Tom Lee stated in an interview that the crypto market crash on October 11 was caused by an abnormal drop in the USDE price on a certain trading platform to $0.65 (while other platforms maintained the $1 peg), triggering the auto-deleveraging mechanism (ADL) and resulting in the forced liquidation of numerous accounts. Due to insufficient liquidity on the platform, the liquidations caused a chain reaction that affected the entire market, leading to the liquidation of a large number of crypto accounts in a short period. Tom Lee pointed out that this incident stemmed from the trading platform's failure to collect cross-platform price data, relying instead on an internal pricing system, which exposed code vulnerabilities and systemic risks. He also mentioned that this event significantly reduced the capital of market makers and trading institutions, creating a vicious cycle. Tom Lee emphasized that the essence of DeFi lies in code vulnerabilities and leverage risks, and investors should not abuse leverage.