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Coinbase Files Paperwork To List Solana, Hedera Futures

Coinbase Derivatives, a subsidiary of the crypto exchange, has filed documents with the Commodity Futures Trading Commission (CFTC) to list Solana (SOL) and Hedera (HBAR) futures. The exchange plans to launch the product on Feb 18., with new contracts being cash-settled on a monthly basis, according to the filing. The contract size for the Solana futures would be 100 SOL, currently worth roughly $24,000, if approved. It would also offer "nano" Solana contracts with five SOL. Hedera futures would be sized at 5,000 tokens. The move comes after several players in crypto have taken steps to launch new products following the inauguration of crypto-friendly President Donald Trump. Just last week, futures and options exchange CME accidentally posted the futures page for XRP and SOL in their "staging subdomain." CME told CoinDesk that the leak was an error and that no decision had been made on whether it would launch SOL or XRP futures. CoinOtag

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Crypto Hacks Total $74M in January and CeFi Accounts for 93% of Losses

Cryptocurrency hacks have led to $74 million in losses in January, with centralized finance (CeFi) platforms bearing the majority of the impact. This marks a 45% drop from the $133 million recorded in the same month last year, according to a Jan. 30 report by cybersecurity platform Immunefi. Despite the decline, security threats remain, with hacks accounting for all reported losses. The largest incident involved crypto exchange Phemex, which lost $69.1 million. CeFi, or crypto platforms that custody users’ funds, accounted for 93% of total losses, despite only one successful attack, while 19 incidents across decentralized finance (DeFi) made up the remaining 6.5%. The most targeted chain in Jan. 2025 was the BNB Chain, accounting for 50% of Jan.’s losses on-chain. Ethereum came in second place, with 25% of the total. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io CoinOtag