Resolv Labs recently experienced a major exploit in its USR stablecoin system, leading to the minting of 80 million unbacked tokens. Summary USR stablecoin crashes to $0.14 after exploit, rebounding to $0.42. DeFi protocols quickly respond to exploit, with some pausing markets to limit risk. Resolv Labs reassures users, stating collateral pool remains intact despite…
Animoca Brands has made a strategic investment in Ava Labs and entered a partnership aimed at accelerating growth across the Avalanche ecosystem, with an initial focus on entertainment, real-world assets, and digital identity. The companies said the collaboration will center on capital deployment, product integrations, and strategic advisory support for projects building on Avalanche. The…
SIREN is by far the top performer today as most altcoins have marked 5-8% declines. Amid the latest developments and threats on the Middle East war front, bitcoin’s price was rejected at $71,000 yesterday and dipped to a three-week low of around $68,000. Most altcoins have followed suit, with ETH sliding beneath $2,100, XRP…
In early 2026, a wave of layoffs across the crypto industry has raised concerns about the reasons behind the job cuts. While some companies cite macroeconomic factors, such as weak token prices, others frame their workforce reductions as part of a broader shift toward integrating AI into their operations. Summary Major crypto firms, including Algorand…
Datavault AI said Thursday it has signed a definitive agreement to acquire NYIAX, a move that gives the company control of blockchain-based exchange technology it says will underpin a broader push into institutional trading venues for data and other tokenized real-world assets. The announcement converts an October 13, 2025 letter of intent into a formal…
The metric is down to 10 even though BTC is far from its February bottom. It has been roughly two months in which fear or even extreme fear has dominated the cryptocurrency markets, as evident from a popular index. The latest decline in this metric took place over the past day as bitcoin’s price,…
Grayscale has filed with the U.S. Securities and Exchange Commission to launch the Grayscale HYPE ETF, a proposed spot exchange-traded fund tied to Hyperliquid’s native token, HYPE. Summary Grayscale filed for a Nasdaq-listed HYPE ETF tied to Hyperliquid’s native token price movement. The proposed fund may add staking later, though it will not offer staking…
Elon Musk has revealed Terafab, a hyper-scale chip production factory aimed at unlocking massive AI compute and ultimately supporting space-based infrastructure and human expansion beyond Earth. Tesla, SpaceX, and xAI, now part of Musk’s aerospace company, are jointly developing the project. Their goal is to produce one terawatt of computing each year, roughly 50 times…
A tentative agreement on stablecoin yield may help restart progress on the CLARITY Act in Washington. Reports said White House officials and US lawmakers are working on terms that could address one of the main disputes that slowed the crypto market structure bill earlier this year. Summary A reported agreement in principle may help restart…
Resolv’s USR stablecoin depegged following an apparent smart contract exploit on Sunday that allowed an attacker to mint 80 million USR tokens and dump them across decentralized exchanges, as noted by onchain analysts Ai Yi (@ai_9684xtpa) and PeckShield. .@ResolvLabs It seems multiple large amounts of $USR have been minted. Stay alert! $50m: https://t.co/gDrTBJDkax$30m: https://t.co/jLyvQkMMSV pic.twitter.com/0F7JZrKR4V…
