CoW Swap’s swap.cow.fi domain has been locked and is not accessible as of Tuesday, April 14, 2026. The protocol team is working with security experts to assert control over the domain but does not expect it to be live again tonight. CoW Swap has spun up a new instance of its UI at a temporary URL to allow users to continue accessing the protocol.

Users relying on CoW Swap daily can access the new UI instance, though the team advised extreme caution when interacting with any websites or social media accounts claiming to be CoW Swap. CoW Swap directed users to only rely on official communications from its Twitter account or Discord channel for status updates regarding the domain issue.

Sources: CoW Swap

This article was generated automatically by The Defiant’s AI news system from publicly available sources.

TLDR:

• NHN KCP partners with Ava Labs to develop a payments-focused Layer 1 blockchain on Avalanche infrastructure.

• The network targets sub-second payment authorization with onchain encryption for secure merchant transactions.

• Ava Cloud will enable NHN KCP to deploy and manage a customizable blockchain for real-world payment use cases.

• The project also explores stablecoins, tokenized deposits, and cross-border payments pending regulatory approval.

South Korea’s NHN KCP signs deal with Ava Labs for crypto payment blockchain as the payment firm moves to develop a dedicated Layer 1 network on Avalanche infrastructure.

The initiative focuses on building a blockchain system optimized for merchant payments, settlement efficiency, and cross-border financial activity.

Ava Labs will provide deployment support through Ava Cloud, allowing NHN KCP to configure and operate its own blockchain environment.

The development is tied to broader efforts to integrate blockchain into regulated payment systems in South Korea.

Avalanche Infrastructure Claims and Live System Design

Avalanche Treasury Co. outlined a set of operational capabilities already running on live systems. The statement referenced real chains processing real transactions rather than conceptual frameworks. This positioning targets institutional requirements for verifiable execution.

The tweet described privacy controls that prevent external access to transaction data. It also referenced protocol-level KYC embedded directly into the network. This approach places identity verification within blockchain execution layers.

In addition, atomic settlement across sovereign chains was highlighted. This enables synchronized finality across separate networks. It is designed to reduce settlement mismatches in multi-chain environments.

Encrypted positions were also mentioned alongside non-proprietary technical design. This allows institutions to integrate systems without adopting specialized programming languages. It supports compatibility with existing financial infrastructure.

NHN KCP Payment Blockchain Development on Avalanche

NHN KCP is building a payments-focused Layer 1 using Ava Cloud as part of the agreement. The platform enables companies to deploy customized blockchain networks for specific use cases. The structure is intended for high-volume payment processing environments.

The system targets sub-one-second authorization speeds for transactions. This design supports fast merchant settlement across digital payment channels. It aligns with performance requirements in existing payment networks.

Onchain encryption is included to secure transaction data during processing. This ensures controlled access to sensitive financial information. It also supports configurable permissions for network participants.

NHN KCP CEO Jun-seok Park said the collaboration merges payment infrastructure expertise with blockchain technology. The companies will validate functionality through a proof-of-concept phase.

They also plan to explore tokenized deposits, stablecoin settlement models, and cross-border payments, with rollout timing dependent on regulatory developments in South Korea.

The BNB price reclaimed fourth place in the global crypto market cap rankings from XRP on Tuesday as seven straight months of XRP losses combined with BNB’s completed 34th quarterly burn and a broad Tuesday market rally pushed Binance’s native token back ahead in a race that has changed hands multiple times since March.

GlobeNewswire’s April 14 report confirmed the ranking shift, noting that BNB Chain handled 15 million daily transactions in Q1 2026 and that Kyrgyzstan has selected the network to host its national stablecoin with BNB included in a sovereign crypto reserve. The fourth-place ranking carries institutional significance beyond price: it determines which assets get tracked by index funds, which ETF products get approved first, and which assets are included in institutional compliance frameworks. BNB has held that position through multiple cycles and is now fighting to make the hold permanent.

The BNB versus XRP race has been one of the tightest and most volatile market cap battles of 2026, with the margin between the two assets rarely exceeding a few billion dollars in either direction.

The 34th quarterly burn is the most direct mechanical support for the analyst price targets. By removing 1.72 million tokens worth $1.28 billion from the total supply, the burn reduces the denominator in BNB’s value equation at a time when demand from BNB Chain’s 15 million daily transactions, opBNB’s Layer-2 activity, and sovereign reserve adoption is stable. The $900 level that InvestingHaven identifies as the top of its 2026 range corresponds to a roughly 47 percent gain from current prices, which is achievable within the year if the macro environment turns risk-on following a resolution to the Iran war.

What BNB Chain’s 2026 Technical Roadmap Adds to the Thesis

BNB Chain’s published 2026 roadmap targets 20,000 transactions per second and sub-second finality through software optimizations and a new Rust-based client. The opBNB Fourier hard fork already cut Layer-2 block time to 250 milliseconds. These infrastructure improvements are designed to attract DeFi and AI-based projects that need fast, low-cost execution. If they deliver developer adoption at scale, the demand for BNB as the network’s gas and settlement token grows organically alongside usage.

What XRP’s Path Back to Fourth Looks Like

XRP’s commodity classification from the SEC and CFTC in March and the CLARITY Act markup expected in late April remain the two catalysts most likely to push XRP back ahead of BNB in market cap. The ranking battle ultimately tracks which asset gets more institutional capital, and that question in 2026 is almost entirely a regulatory variable that CLARITY Act passage would resolve decisively in XRP’s favor.

Shin Hyun-song, the nominee to lead the Bank of Korea, said a central bank digital currency (CBDC) and bank-issued deposit tokens should form the core of South Korea’s digital money system, with stablecoins playing a secondary role.

“I expect that central bank digital ​currencies and deposit tokens will be able to ​coexist with stablecoins in a manner that is ⁠supplementary and competitive to each other,” he said, Yonhap reported, citing the Bank of Korea.

In written remarks submitted to parliament ahead of his confirmation hearing on April 15, Shin said he supports introducing a won-based stablecoin, but stressed that trust in the currency must come first, according to Yonhap.

He framed stablecoins as useful tools for trading tokenized assets and enabling programmable payments, not as a replacement for state-backed money.

His proposal aligns with the central bank’s existing position that stablecoin issuance should begin with regulated banks. Shin pointed to compliance demands such as anti-money laundering and customer checks as reasons to start with established lenders, which already meet these standards.

He also questioned claims that blockchain-based coins would improve foreign exchange efficiency, pointing to uncertainty around regulatory compliance and added costs.

Of cryptocurrencies more broadly, Shin said digital assets fall short of money’s core roles as a unit of account, a medium of exchange and a store of value.

The Bank of Korea has warned that privately issued tokens could pose risks to monetary policy and financial stability, and has called for strict oversight including anti-money laundering and customer verification rules.

Shin’s remarks come as policymakers debate how far to open the market. While regulators have pushed for bank-led models, lawmakers have proposed broader frameworks that would allow non-bank issuers under new legislation.

The country’s first fully regulated stablecoin, KRW1, debuted in February through a partnership between crypto custody service provider BDACS and Woori Bank.