Powerful hedge fund Citadel Securities has voiced strong opposition to broad decentralized finance (DeFi), particularly for tokenized U.S. equities, in a letter to the SEC that provides feedback on proposed for exemptive relief. 

Its stance has attracted strong backlash from some crypto industry voices. 

Not decentralized?

Citadel argues that many DeFi platforms effectively operate as exchanges or broker-dealers, despite claims of decentralization.

There are identifiable intermediaries (developers, governance groups, and so on) who profit from transactions and influence order execution.

Users interact with smart contracts that function like binding agreements, just as orders on a traditional exchange do.

If DeFi trading of tokenized equities were exempt from SEC rules, this would lead to transparency gaps such as fees and conflicts of interest. There are also surveillance and compliance gaps, operational risks as well as custody issues.

Tokenized securities must be treated like traditional equities, Citadel argues.

At the same time, the hedge fund has stressed that it is not opposing innovation. 

“However, it is important not to override key investor protections when trading tokenized securities,” it said. 

Gensler’s playbook? 

Some crypto industry commentators have accused Citadel of using the playbook of former SEC Chair Gary Gensler. 

“Who ever thought Citadel would be against innovation that removes predatory, rent-seeking intermediaries from the financial system? Oh, right, literally every single person in crypto,” Variant CLO Jake Chervinsky quipped. 

Notably, Citadel recently lost two of their general counsels to crypto companies. 

In October, Citadel CEO Ken Griffin recently disclosed a significant stake in DeFi Development Corp, which is a Solana treasury company. 

Firelight, a new decentralized finance (DeFi) protocol, is bringing staking to XRP users, while offering protocols a form of onchain protection against hacks.

Built by Sentora and backed by Flare Network, Firelight lets XRP holders stake their tokens to earn rewards tied to demand for DeFi “cover,” protection that can help protocols absorb losses from exploits, the protocol said in a Wednesday press release

The concept is similar to insurance in traditional finance, an area where the $160 billion DeFi sector still lags with billions of dollars lost in exploits and hacks hindering broader adoption.

“At this stage in DeFi’s maturity, it needs the same risk infrastructure that supports every other financial market,” Connor Sullivan, chief strategy officer at Firelight, said in a statement. “Firelight introduces a capital-efficient protection layer that can absorb shocks, reduce technical and economic risk and make the entire ecosystem more resilient.”

The system works in two phases, the company explained. First, users deposit XRP and receive stXRP, a liquid, ERC-20 token that represents their stake. StXRP can be traded, used as collateral or added to DeFi liquidity pools within the Flare ecosystem. In the second phase, that staked XRP will back the Firelight cover pool, meaning the deposited funds are used to underwrite risk for DeFi protocols that opt in.

If a protocol experiences a loss and meets Firelight’s criteria, the pool can pay out from the capital staked by users. This mirrors the way insurers use collected premiums and reserves to pay claims. Premiums paid by covered protocols help fund staking rewards.

Firelight relies on Flare’s FAssets system to bring XRP into DeFi. FAssets are fully decentralized synthetic versions of layer-1 tokens, allowing users to mint FXRP — a wrapped form of XRP — without needing to trust centralized bridges. StXRP is minted using FXRP, providing a direct on-ramp from XRP into Firelight’s staking system.

The protocol has completed audits by OpenZeppelin and Coinspect and launched a bug bounty with Immunefi.

While XRP is one of the most widely held cryptocurrencies boasting a $130 billion market capitalization, it has yet lacked native staking options, the protocol said. Total value locked on XRPL stands at just $72 million, according to DefiLlama.

Firelight aims to give holders a new way to earn yield while supporting a security layer that could help DeFi move closer to institutional standards.

Read more: Risk, Reward, and Resilience: Building Insurance Primitives in DeFi

Firelight launched its XRP staking protocol on the Flare Network today, allowing users to stake wrapped XRP (FXRP) and receive liquid staking tokens (stXRP) for DeFi applications while preparing for insurance-backed rewards.

The protocol enables XRP holders to deposit FXRP into vaults through Flare’s trust-minimized bridging system. Users receive stXRP tokens that can be traded or utilized across DeFi applications while maintaining exposure to potential staking rewards.

Firelight’s model focuses on using staked XRP to underwrite insurance coverage for DeFi protocols, targeting protection against risks including smart contract failures. The insurance-based rewards are expected to activate in an upcoming phase based on protocol adoption rates.

The launch connects XRP to expanded use cases within Flare’s DeFi ecosystem, enabling yield generation through staking mechanisms while supporting insurance coverage for high-value protocols. The initiative has attracted institutional interest due to its focus on providing comprehensive DeFi risk coverage.

XRP was originally designed for faster cross-border payments and has increasingly integrated into the DeFi ecosystem through bridging technologies that convert it into productive assets for various blockchain applications.

The crypto market staged a broad rebound, with most sectors rising between 3% and 12% in the past 24 hours, led by a sharp 11.87% jump in NFTs as Pudgy Penguins and SuperVerse soared over 20%. Bitcoin climbed 6.8% to reclaim $92,000, while Ethereum rose 8.01% to move back above $3,000. DeFi, Meme, Layer 1, Layer 2, PayFi, and CeFi sectors also posted strong gains, with standout performances from MYX, LINK, PEPE, PUMP, SUI, and OP. Sector indices reflected the upswing, with ssiNFT, ssiDeFi, and ssiRWA rising 13.94%, 10.64%, and 8.15%, respectively.

But what else is happening in crypto news today? Follow our up-to-date live coverage below.

The post [LIVE] Crypto News Today: Latest Updates for Dec. 03, 2025 – Crypto Market Rebounds as BTC Breaks $92K; NFT Sector Leads Rally With Nearly 12% Surge appeared first on Cryptonews.

Cardano is entering a very important phase in its development, as its founding institutions are attempting to deliver the core infrastructure that every major blockchain already treats as standard.

On Nov. 27, a new proposal sought community approval to allocate 70 million ADA tokens (worth about $30 million) to onboard tier-one stablecoins, custody providers, cross-chain bridges, pricing oracles, and institutional analytics.

The effort is backed jointly by Input Output, EMURGO, the Cardano Foundation, Intersect, and the Midnight Foundation, an unusually coordinated coalition for a network often criticized for slow alignment and decentralized drift.

The central message behind this collaboration is unmistakable: Cardano wants to enter 2026 with the economic plumbing it has lacked for years.

Why the Cardano pivot matters

The integrations push arrives at a moment when Cardano’s economic base is still relatively shallow.

For context, DefiLlama data shows that the Charles Hoskinson-led network has about $248 million in TVL and roughly $40 million in stablecoins, as well as a limited pool for lending, liquidity provision, and RWA issuance compared with ecosystems that treat these assets as foundational utilities.

In comparison, Ethereum alone carries more than $170 billion in stablecoins, reflecting the scale gap Cardano is trying to close.

So, without deep stablecoin reserves, liquidity pathways, or institutional tooling, Cardano would continue to struggle to generate the network effects that make a blockchain economically relevant.

The network’s fragility came into focus earlier this month when it experienced a brief chain split.

While the disruption was resolved quickly, it intensified scrutiny on Cardano’s operational maturity, particularly its limited real-time analytics, monitoring, and other safeguards expected in institutional-grade environments.

The budget set up for the integration aims to systematize the onboarding of top-tier vendors, including milestones, audits, service-level agreements, and transparent delivery tracking.

So, instead of one-off deals or ad hoc negotiations, supporters say the fund would create a formal, accountable pipeline for onboarding the infrastructure Cardano has historically lacked. Tim Harrison, a director at Input Outputs, said:

“This is the kind of unity and focus that will accelerate growth across DeFi, DePIN and RWA.”

Why these integrations might not be sufficient for Cardano

The integrations push comes after Hoskinson had spoken about what truly limits Cardano’s DeFi growth.

Last month, the Cardano founder acknowledged the network’s DeFi gap but pushed back against the notion that landing USDC, USDT, or other fiat-backed stablecoins would “magically” transform adoption.

According to him:

“No one’s ever made the argument and explained how the existence of one of these larger stablecoins is magically going to make Cardano’s entire DeFi problem go away, make the price go up, massively improve our MAUs, our TVL, and all these other things.”

Instead, he points to a behavioral bottleneck by noting that millions of ADA holders participate in staking and governance, but few make the leap into DeFi. He also added that the network faces coordination and accountability challenges.

Hoskinson argued that this creates a classic chicken-and-egg problem, in which the network’s current low liquidity discourages integrations, and the lack of integrations keeps liquidity low.

Considering this, Hoskinson’s roadmap ties the network DeFi growth to Bitcoin interoperability and the Midnight privacy network. He believes these integrations could channel “billions” in volume into Cardano-native stablecoins and lending protocols if executed well.

That framing matters for the new budget.

If the challenge Cardano is facing is organizational, stemming from fragmented efforts, slow vendor onboarding, and the absence of a structured pathway for stablecoins and custody providers, then a community-mandated integrations program could provide the governance mechanism the ecosystem lacks.

However, even with a coordinated onboarding framework, the budget will only shift outcomes if it ultimately mobilizes passive ADA holders into active liquidity and attracts issuers with market makers willing to support real volume.

The 2026 stress test

Next year will test whether Cardano’s governance and new vendor pipeline can translate its integrations budget into measurable economic growth.

So, if even one major fiat-backed stablecoin arrives with market-maker depth, Cardano’s $40 million stablecoin base could plausibly expand into the low-hundreds-of-millions, a range consistent with early adoption phases on other L1s.

Moreover, Cardano’s $248 million DeFi TVL could reach $500 million if the network secures credible custody and analytics platforms. Notably, this is a level at which lending, RWAs, and liquidity routing begin to compound rather than stall.

Also, bridges, pricing oracles, and institutional wallets remain significant integrations necessary for the network’s growth.

Without them, liquidity will continue to circulate elsewhere. With them, Cardano enters 2026 with the minimum infrastructure required to compete for regulated DeFi pilots, RWA issuance, and BTC–ADA liquidity flows tied to its Bitcoin interoperability roadmap.

Bybit/ Key word(s): Agreement

Bybit, Mantle, and Aave Partner to Bring Institutional-Grade DeFi Liquidity Onchain at Global Scale

02.12.2025 / 17:50 CET/CEST

The issuer is solely responsible for the content of this announcement.

DUBAI, UAE, Dec. 2, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, and Mantle, the high-performance distribution and liquidity layer for real-world assets, today announced a strategic partnership led by TokenLogic with Aave to advance decentralized finance (DeFi) accessibility and unlock new onchain liquidity channels for users worldwide.

Under this collaboration, Aave will launch on Mantle Network, bringing the industry’s most trusted decentralized lending protocols to a scalable, low-cost, EVM-compatible Layer-2 built for institutional-grade applications and real-world assets. This integration will enable users to supply, borrow, and access tokenized assets powered by Mantle’s fast-growing DeFi, RWA, stablecoin, and restaking ecosystems.

The partnership deepens the alignment between Mantle and Bybit, uniting protocol-level innovation with global exchange distribution. With Bybit acting as the Global Liquidity Bridge, the collaboration will strengthen liquidity pathways between centralized and decentralized venues with future plans to explore a variety of product offerings on the exchange including but not limited to asset listing, on-chain earn products, etc., subject to regulatory approval and market readiness.

Unlocking a New Era of Onchain Capital Efficiency

Aave’s deployment on Mantle establishes a powerful foundation for scalable and composable DeFi strategies, unlocking new liquidity routes that benefit both individual and institutional participants.

Mantle’s Layer-2 infrastructure enhances the efficiency of Aave’s lending pools by reducing transaction costs and latency while supporting high-throughput market activity.

Bybit’s global exchange infrastructure complements this expansion by offering direct connectivity between centralized liquidity, collateral management, and onchain DeFi markets, providing an integrated pathway for over 70 million users worldwide.

As part of the partnership, MNT-based yield incentive programs will be introduced within Aave pools. These incentives aim to reward early participation, strengthen asset utilization, and catalyze healthy liquidity formation within the Mantle ecosystem.

“This partnership represents a major step toward making decentralized finance truly scalable and globally accessible,” said Emily Bao, Key Advisor at Mantle.. “By combining Aave’s proven liquidity engine with Mantle’s high-performance Layer-2 and Bybit’s worldwide market reach, we are building a unified financial experience that bridges CEX liquidity with the next generation of on-chain markets.”

“Bringing Aave to Mantle reinforces our mission to make high-performance DeFi infrastructure accessible to all,” said Emily. “Together with Bybit, we are creating a more connected liquidity environment – one where users and institutions can engage with decentralized markets confidently, efficiently, and at global scale. This collaboration sets the stage for deeper integrations and future market opportunities.”

“This deployment on Mantle, together with Bybit’s global distribution, connects institutional-grade infrastructure with Aave’s deep, 24/7 liquidity,” said Stani Kulechov, Founder of Aave Labs. “By bringing Aave’s lending markets to Mantle’s high-performance network with direct access to Bybit’s exchange, this integration makes transparent, onchain finance available at global scale for institutions worldwide.”

“Deploying Aave on Mantle represents an important milestone in expanding our protocol across high-throughput networks to make DeFi win,” said Matthew Graham, Founder and CEO at TokenLogic. “We’re excited to see a lot more users benefit from the efficiencies and new liquidity sources unlocked through this integration with Mantle and Bybit.”

Advancing the Future of Integrated On-chain Finance

The partnership between Bybit, Mantle and Aave represents a decisive move towards a more unified, liquid, and accessible on-chain financial system. By combining Aave’s protocol security, Mantle’s execution performance and Bybit’s global distribution, the collaboration lays the foundation for the next phase of scalable DeFi infrastructure where capital can move seamlessly between centralized platforms and decentralized protocols.

Together, the partners aim to accelerate global DeFi adoption and deliver a frictionless financial environment for retail users, builders, and institutions across the world.

About Mantle

Mantle positions itself as the premier distribution layer and gateway for institutions and TradFi to connect with on-chain liquidity and access real-world assets, powering how real-world finance flows.

With over $4B+ in community-owned assets, Mantle combines credibility, liquidity and scalability with institutional-grade infrastructure to support large-scale adoption. The ecosystem is anchored by $MNT within Bybit, and built out through core ecosystem projects like mETH, fBTC, MI4 and more. This is complemented by Mantle Network’s partnerships with leading issuers and protocols such as Ethena USDe, Ondo USDY, OP-Succinct and EigenLayer.

For more information about Mantle, please visit: mantle.xyz

For more social updates, please follow: Mantle Official X & Mantle Community Channel  

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 70 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open, and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.

For more details about Bybit, please visit Bybit Press

For media inquiries, please contact: media@bybit.com 

For updates, please follow: Bybit’s Communities and Social Media

Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube

About Aave

Aave is the world’s largest and most trusted decentralized finance (DeFi) platform, with $55 billion in deposits and over $23 billion in active loans. Built entirely on blockchain software and governed by its community of AAVE token holders, Aave operates as a global savings and borrowing network where people can earn by depositing crypto or stablecoins, borrow instantly using crypto as collateral, save and grow assets automatically, and swap tokens directly in the platform. Everything runs on transparent smart contracts, with no banks, no paperwork, and 24/7 open access worldwide. Visit at Aave.com

About TokenLogic

TokenLogic is a pioneer in non-custodial asset management and on-chain growth solutions, empowering individuals and institutions to maximize the potential of decentralized finance. As an Aave Service Provider, TokenLogic delivers specialized expertise across treasury management, protocol analytics, and GHO growth initiatives, to strengthen and scale the adoption of Aave’s GHO stablecoin and the broader Aave Protocol liquidity ecosystem. Built on principles of transparency, security, and user autonomy, TokenLogic designs smart-contract–driven strategies that enable users to retain full control of their assets while accessing sophisticated yield and liquidity management. The company continues to expand its suite of products across major DeFi ecosystems, redefining how capital moves and grows on-chain.

Photo – https://mma.prnewswire.com/media/2836543/Bybit.jpg

Logo – https://mma.prnewswire.com/media/2267288/Logo.jpg

View original content:https://www.prnewswire.co.uk/news-releases/bybit-mantle-and-aave-partner-to-bring-institutional-grade-defi-liquidity-onchain-at-global-scale-302630697.html

02.12.2025 CET/CEST Dissemination of a Corporate News, transmitted by EQS News – a service of EQS Group.

The issuer is solely responsible for the content of this announcement.

The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.

2239240 02.12.2025 CET/CEST

12/02/2025 – 10:00 AM

BOCA RATON, FL, Dec. 02, 2025 (GLOBE NEWSWIRE) — DeFi Development Corp. (Nasdaq: DFDV) (the “Company”), the first public company with a treasury strategy built to accumulate and compound Solana (“SOL”), today announced the promotion of Pete Humiston from Head of Research & Content to Chief Marketing Officer (CMO).

Since joining DeFi Dev Corp., Pete has been a driving force in all facets of marketing, including advertising, content creation, community engagement, social media, and partnerships. His efforts have played a key role in shaping and building the Company’s brand voice, developing the narrative around our Solana-based treasury strategy, and in outreach to both retail and institutional audiences. Pete’s leadership helped lay out the vision behind DeFi Dev Corp.’s public positioning, and he has been instrumental in executing many of the Company’s most visible marketing initiatives.

“Pete has been central to creating the narrative that defines DeFi Dev Corp for our community and shareholders,” said Joseph Onorati, Chief Executive Officer of DeFi Development Corp. “Promoting Pete to Chief Marketing Officer reflects our commitment to building a world-class marketing engine as we drive growth, brand awareness, and long-term engagement. We are excited to see him continue leading our efforts in advertising, content, community, and strategic partnerships.”

In his new role as Chief Marketing Officer, Pete will continue to focus on all things Advertising, Content, Community, Social Media, and Partnerships — overseeing the full marketing stack as DeFi Dev Corp scales its brand, expands distribution, and deepens engagement across traditional finance, the broader cryptoasset industry, and the Solana ecosystem.

About DeFi Development Corp.

DeFi Development Corp. (Nasdaq: DFDV) has adopted a treasury policy under which the principal holding in its treasury reserve is allocated to SOL. Through this strategy, the Company provides investors with direct economic exposure to SOL, while also actively participating in the growth of the Solana ecosystem. In addition to holding and staking SOL, DeFi Development Corp. operates its own validator infrastructure, generating staking rewards and fees from delegated stake. The Company is also engaged across decentralized finance (“DeFi”) opportunities and continues to explore innovative ways to support and benefit from Solana’s expanding application layer.

The Company is an AI-powered online platform that connects the commercial real estate industry by providing data and software subscriptions, as well as value-add services, to multifamily and commercial property professionals, as the Company connects the increasingly complex ecosystem that stakeholders have to manage.

The Company currently serves more than one million web users annually, including multifamily and commercial property owners and developers applying for billions of dollars of debt financing per year, professional service providers, and thousands of multifamily and commercial property lenders, including more than 10% of the banks in America, credit unions, real estate investment trusts (“REITs”), debt funds, Fannie Mae® and Freddie Mac® multifamily lenders, FHA multifamily lenders, commercial mortgage-backed securities (“CMBS”) lenders, Small Business Administration (“SBA”) lenders, and more. The Company’s data and software offerings are generally offered on a subscription basis as software as a service (“SaaS”).

Forward Looking Statements

This release contains “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995, including concerning the warrant distribution; the anticipated record date and distribution date for the warrant; the anticipated gross proceeds from the exercise of warrants; the expected use of proceeds; the acceptance to trading of the warrants on the Nasdaq Capital Market; the prices of the warrants; and the existence of a market for those warrants. Forward-looking statements can be identified by words such as: “anticipate,” “intend,” “plan,” “believe,” “project,” “estimate,” “expect,” strategy,” “future,” “likely,” “may,”, “should,” “will” and similar references to future periods. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control, including market risks, trends and uncertainties, and other risks and uncertainties more fully in the section captioned “Risk Factors” in the Company’s most recent Annual Report on Form 10-K, subsequent Quarterly Reports on Form 10-Q and other reports we file with the SEC. As a result of these matters, changes in facts, assumptions not being realized or other circumstances, the Company’s actual results may differ materially from the expected results discussed in the forward-looking statements contained in this press release. Forward-looking statements contained in this announcement are made as of this date, and the Company undertakes no duty to update such information except as required under applicable law.

Investor Contact:
ir@defidevcorp.com

Media Contact:
press@defidevcorp.com

New QDW technology acts as a “quantum circuit breaker,” safeguarding DeFi operations and custodian wallets from post-quantum threats.

Toronto, Ontario–(Newsfile Corp. – December 2, 2025) – 01 Quantum Inc. ONE (OTCQB: OONEF), one of the first-to-market, enterprise level cybersecurity providers for the quantum computing era, today announced the filing of a U.S. patent application for its Quantum DeFi Wrapper (QDW) technology.

This innovation is designed to safeguard decentralized finance (DeFi) operations against the potential cybersecurity threat posed by the advent of quantum computers. DeFi underpins nearly all operational aspects of the digital asset ecosystem, from lending and borrowing to trading and staking, across major Layer 1 blockchains such as Bitcoin, Ethereum, Solana, and Hyperliquid. QDW enables these activities to remain secure in a post-quantum world without requiring changes to the existing blockchain infrastructure. In addition, QDW extends protection to custodian wallets, ensuring that underlying tokens are shielded from quantum-based vulnerabilities.

At the core of QDW is a Post-Quantum Cryptography (PQC) binding mechanism integrated into smart contracts. Acting as a “quantum circuit breaker,” the system halts operations if PQC authentication requirements are not met, thereby preventing unauthorized access through quantum-enabled key extraction.

Market Context

According to CoinMarketCap, the global crypto market is valued at $3.1 trillion (including stablecoins). With regulators accelerating timelines for quantum-resistant financial infrastructure, long-term digital asset security is becoming a critical priority. The urgency is underscored by the GENIUS Act, passed in July 2025 in the U.S., which requires stablecoins to be backed 1-for-1 with cash or short-term debt, helping to make them a major source of demand for U.S. Treasuries. Despite this maturity, the industry remains exposed due to reliance on classical cryptographic algorithms such as ECDSA. QDW addresses this gap by providing broad-spectrum protection without sacrificing interoperability or performance.

Technical Highlights

• Patent-pending method (US #19/396,202): Implementation of PQC circuit breaker.
• Performance optimization: Compatible with existing Layer 1 chains.
• Scalable toolkit: Includes support for custodian wallets and existing post-quantum stablecoins.

Executive Commentary

“Combining years of experience in post-quantum cybersecurity, collaboration with NIST, and commercial software engineering, we are excited to unveil our QDW technology for custodian wallets and DeFi operations for the crypto industry including stablecoins,” said Andrew Cheung, CEO of 01 Quantum. “Our mission is to give the crypto and stablecoin industries the confidence that digital assets can remain secure not just today, but in the quantum era ahead. It is important to understand that encrypted data being harvested today can be stored with the intent to decrypt it once quantum capabilities mature. Without proactive defenses, today’s assets could be compromised tomorrow.”

The Quantum Threat

The arrival of Q-Day, the moment when it is anticipated quantum computers will be capable of breaking widely used encryption, represents a looming threat to digital security. Compounding this is the growing risk presented by “harvest now, decrypt later” attacks where adversaries stockpile encrypted data for future quantum decryption. While technology leaders are beginning to adopt post-quantum cryptographic methods, most public blockchains remain vulnerable. QDW offers a practical, scalable solution to close this critical gap.

About 01 Quantum Inc.

01 Quantum Inc., formerly 01 Communique Laboratory Inc., ONE (OTCQB: OONEF), is known for its innovative work in post-quantum cybersecurity and remote access solutions. The Company’s cyber security business unit focuses on post-quantum cybersecurity with the development of its IronCAP™ product line. IronCAP™‘s technologies are patent-protected in the U.S.A. by its patents #11,271,715 and #11,669,833. The Company’s remote access business unit provides its customers with a suite of secure remote access services and products under its I’m InTouch and I’m OnCall product offerings. The remote access offerings are protected in the U.S.A. by its patents #6,928,479 / #6,938,076 / #8,234,701; in Canada by its patents #2,309,398 / #2,524,039 and in Japan by its patent #4,875,094. For more information, visit the Company’s web site https://01quantuminc.com | https://01com.com and follow us on our blog at https://blog.01com.com/wp.

Cautionary Note Regarding Forward-looking Statements.

Certain statements in this news release may constitute “forward-looking” statements which involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of 01 Quantum to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. When used in this news release, such statements use such words as “may”, “will”, “expect”, “believe”, “feel”, “plan”, “intend”, “are confident” and other similar terminology. Such statements include statements regarding the use of proceeds of the Offering. These statements speak only as of the date of this news release. Forward-looking statements involve significant risks and uncertainties, should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether or not such results will be achieved. A number of factors could cause actual results to differ materially from the results discussed in the forward-looking statements, including, but not limited to, developments that may impact the how the proceeds of the Offering are used, as well as the factors discussed under “Risk and Uncertainties” in 01 Quantum’s Management, Discussion and Analysis document filed on SEDAR+. Although the forward-looking statements contained in this news release are based upon what management of 01 Quantum believes are reasonable assumptions, 01 Quantum cannot assure investors that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this news release, and 01 Quantum does not assume any obligation to update or revise them to reflect new events or circumstances, except as required by applicable laws.

Neither TSX Venture Exchange (“TSX-V”) nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

INVESTOR CONTACT:

Brian Stringer

Chief Financial Officer

01 Quantum Inc.

(905) 795-2888 x204

Brian.stringer@01com.com

#

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/276515

Hamster Kombat, one of the fastest-rising play-to-earn (P2E) games deployed through Telegram, continues to draw massive daily engagement with its signature puzzle feature known as the Daily Cipher. Every 24 hours, millions of players across multiple regions tune into the game’s Telegram bot to decode a line of Morse code, submit the solution, and claim in-game chips and $HMSTR tokens.

The Daily Cipher has become a cultural event within the P2E ecosystem—part puzzle challenge, part reward generator, and part community ritual. The feature blends a century-old method of communication with modern Web3 mechanics, creating a unique hybrid game that appeals to seasoned crypto users and newcomers alike.

On December 2, 2025, Hamster Kombat released its latest Morse challenge, continuing a trend of daily interactive missions that position the game at the center of the expanding Web3 gaming landscape.

What Is the Hamster Kombat Daily Cipher?

The Daily Cipher is a 24-hour encrypted puzzle introduced as part of Hamster Kombat’s core gameplay loop. At its foundation, the challenge requires players to decode Morse messages composed of dots and dashes. The message often contains a single word, though multi-word ciphers occasionally appear.

After decoding the sequence, users input the correct word into the game’s challenge screen to earn bonus chips—key in-game resources used for upgrades, level progression, mini-game boosts, and increased earning potential.

Also, read this article: Marina Protocol Daily Quiz Today 30 Nov 2025: to discover more exciting tasks and rewards for challenges!

The Cipher feature serves several purposes within the Hamster Kombat universe:

• It encourages daily user activity.

• It complements the project’s gamified mining system.

• It rewards accuracy and quick engagement.

• It reinforces community involvement as users often collaborate to solve the puzzle.

Unlike traditional mobile games, Hamster Kombat relies heavily on Telegram’s bot infrastructure. The platform allows users to play, earn, and interact without leaving the messaging app. This seamless integration is one of the main reasons the game has reached global audiences at an unprecedented speed.

How Hamster Kombat Uses Telegram to Power Web3 Gaming

Hamster Kombat is built on a design that merges front-end gameplay with back-end wallet functionality directly within Telegram. The bot is responsible for both player interactions and automated reward distribution, enabling an experience that feels immediate and intuitive.

Players can:

• Earn $HMSTR tokens directly inside Telegram

• Participate in mini-games and missions

• Complete daily events

• Redeem bonuses

• Track progress and claim rewards

The interconnected design allows the game to avoid complex onboarding steps such as installing external wallets or decentralized applications. Because of this simplicity, Hamster Kombat has gained traction among less technical players.

This accessible design choice has helped the game carve out a space in the highly competitive P2E ecosystem, and features like the Daily Cipher further drive retention by offering consistent, accessible engagement.

Daily Cipher: December 2, 2025

Cipher Word for Today:

VIBE

Morse Breakdown:

V • • • —

I • •

B — • • •

E •

The combination forms the full solution that users must type into the daily challenge window to receive their chips and progress within the game’s bonus system.

How to Solve the Hamster Kombat Daily Cipher

Although the Daily Cipher is presented as a challenge, the puzzle is designed to be approachable for all players. The system is simplified so that even users without background knowledge of Morse code can decode messages by following the game’s audio and visual cues.

Below is a step-by-step explanation of how to solve today’s cipher or any future cipher issued in the Hamster Kombat game.

Step 1: Launch the Cipher Mode

1. Open Telegram
   
   Access the Hamster Kombat bot through your Telegram account.

2. Locate the Cipher Icon
   
   The cipher challenge is represented by a distinctive icon inside the interface.

3. Activate the Mode
   
   Tapping the icon will activate the daily decoding challenge. Players will see a red interface confirming the cipher is ready for decoding.

Step 2: Decode the Morse Code

1. Identify the Signals

2. Time the Pauses

3. Group the Signals
   
   Every sequence of dots and dashes forms a single letter.

Players can decode manually or simply listen to the Morse playback provided by the game mode. Some players take screenshots or write down sequences before decoding, while others solve instantly by recognizing common Morse patterns.

Step 3: Submit and Claim Rewards

After decoding:

1. Enter the Word
   
   Type the full decoded word exactly as intended.

2. Submit the Cipher
   
   The system validates the response immediately.

3. Claim Your Chips
   
   Successful submissions earn users bonus chips credited instantly to their accounts.

These chips can then be used to purchase upgrades that enhance earning speed and in-game progression.

How to Increase Your $HMSTR Coin Balance Faster

Beyond solving the daily cipher, Hamster Kombat offers numerous opportunities for players to build their $HMSTR token reserves.

Below are key strategies recommended for consistent growth.

1. Complete All Daily Tasks and Events

Hamster Kombat’s daily tasks are among the most valuable features for consistent token accumulation. These tasks include:

Daily events often deliver the highest token rewards of any gameplay category and are considered the backbone of steady progression.

2. Join the Toxin Challenge

One of the biggest reward opportunities is the Toxin Challenge, a tournament-style event where players compete for major daily bonuses. Top performers can earn up to 1 million coins per challenge, making it one of the most attractive reward systems in the game.

Engaging regularly dramatically increases long-term earnings.

3. Play Mini-Games and Elite Missions

Mini-games and elite missions serve as supplemental earning channels. They provide:

Active participation in these missions contributes significantly to progression and token accumulation.

Why the Daily Cipher Is Becoming a Cultural Staple in Web3 Gaming

The Daily Cipher has grown far beyond a simple mini-game. It has become a community-driven ritual that strengthens player engagement and creates shared excitement each day. Many players track the cipher release like a daily news alert, and communities often collaborate to decode messages within seconds of release.

This widespread enthusiasm is fueled by several factors:

• Low Learning Curve: Anyone can participate.

• Reward-Oriented: Every correct solution earns tangible in-game benefits.

• Community Collaboration: Groups across Telegram and social platforms share insights daily.

• Hybrid Appeal: The mixture of classic Morse code with Web3 game mechanics stands out in the crowded P2E market.

By merging traditional puzzle-solving with blockchain reward economics, Hamster Kombat has differentiated itself from other Telegram-based games.

Final Notes

The Hamster Kombat Daily Cipher for December 2, 2025, adds another chapter to the game’s growing reputation as one of the most innovative and engaging titles in the Web3 gaming sector. Combining classic code-breaking with crypto rewards, the Cipher attracts players who enjoy puzzles, competition, and daily challenges.

With each decoded message, players earn chips, advance levels, and strengthen their ability to accumulate $HMSTR tokens. For many, the Cipher is not only a quick daily activity but also a strategic step toward long-term progression within the Hamster Kombat ecosystem.

As the Web3 gaming landscape continues to evolve, Hamster Kombat stands out for its accessibility, simplicity, and deeply integrated earning system—all hosted within Telegram’s familiar interface. The game continues to build momentum, and daily challenges like the Cipher ensure that players always have a reason to return.

For verified cipher solutions, gaming updates, and Web3 news, hokanews will continue to provide the most accurate coverage.

hokanews.com – Not Just Crypto News. It’s Crypto Culture.

Writer 

@Erlin
Erlin is an experienced crypto writer who loves to explore the intersection of blockchain technology and financial markets. She regularly provides insights into the latest trends and innovations in the digital currency space.

 

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The articles published on hokanews are intended to provide up-to-date information on various topics, including cryptocurrency and technology news. The content on our site is not intended as an invitation to buy, sell, or invest in any assets. We encourage readers to conduct their own research and evaluation before making any investment or financial decisions.
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Shares of DeFi Technologies are experiencing significant downward pressure today, caught in a broad-based digital asset rout. A sharp decline in the prices of Bitcoin and Ethereum, triggered by a security breach at Yearn Finance and subsequent forced liquidations, has created a highly risk-averse environment for companies operating in the crypto asset management space.

The catalyst for today’s sector-wide slump is a reported exploit of the Yearn Finance yETH liquidity pool, which occurred this morning. While the direct financial loss for Yearn is estimated at approximately $9 million, the psychological impact on investor sentiment has been severe, casting doubt on the fragile recovery witnessed in late November.

Data from CoinGlass and Decrypt indicates the security incident set off a cascade of forced selling. The consequence was $637 to $646 million in liquidations across crypto derivatives markets within a 24-hour period. Bitcoin tumbled roughly 6 percent, falling toward the $86,000 range, while Ethereum and Solana posted even steeper losses.

For DeFi Technologies, whose subsidiary Valour issues exchange-traded products (ETPs) tracking these very assets, the impact is twofold. First, the net asset value of the company’s crypto holdings and ETPs is likely shrinking in tandem with the underlying spot prices. Second, as a proxy for crypto exposure on traditional equity markets, DeFi Technologies stock typically amplifies the volatility seen in the broader digital asset sector.

Should investors sell immediately? Or is it worth buying DeFi Technologies?

Timing Compounds Challenges for DeFi Technologies

The current market turbulence arrives at an inopportune moment for the company. Investors are still processing the third-quarter financial results released on November 14, which reported revenues of about $22.5 million and an operating profit of approximately $9 million. Although the company remained profitable, with earnings per share around $0.01, the figures fell short of some of the market’s more aggressive expectations.

On a positive note, the firm recently secured strategic approval for QCAD, a Canadian dollar stablecoin, to be used on its payment rails, an announcement made on November 26. However, enthusiasm surrounding this infrastructure development is currently being overshadowed by the sector-wide liquidity crisis.

Key Technical Levels to Monitor

Market participants should brace for continued volatility in DeFi Technologies’ share price as U.S. markets digest the full extent of the crypto leverage unwinding.

Critical factors for traders to watch include:

• Bitcoin’s Price Floor: Failure for BTC to maintain support above the $85,000 level would likely invite further selling pressure on DEFT shares.
• Arbitrage Opportunities: The company’s DeFi Alpha trading desk generally benefits from elevated market volatility and widening spreads.
• Share Price Support: Analysts are eyeing the $1.40 to $1.50 range as a critical support zone; a sustained break below this level could signal a deeper correction is underway.