Drift said Wednesday's $280 million exploit was a result of unauthorized transaction approvals, facilitated through durable nonce mechanisms.
The bill stipulates that members of a decentralized nonprofit association generally have no personal liability for its activities.
Grewal said banks should not conflate the stablecoin yield issue with other challenges they are facing today.
Monad still accounts for less than 0.4% of the approximately $91 billion total TVL tracked across all chains.
The exploit, which started over two hours ago, seems to be targeting multiple Drift vaults, totaling at least $200 million.
Paradigm founder and Kalshi board member Matt Huang has previously said that prediction markets represent a trillion-dollar opportunity.
Members of the public will have 60 days to respond to the Treasury’s notice of proposed rulemaking in the Federal Register.
The debate over stablecoin rewards seems to be the final stumbling block to Congress passing the Clarity Act.
Hong Kong authorities are pushing applicants to refine application details before granting stablecoin license approvals.
Kulipa helps fintechs and wallets issue white-label stablecoin payment cards without managing card operations themselves.
OpenEden launches HYBOND token offering onchain access to BNY Investments’ Global Short-Dated High-Yield Bond strategy.
Uniswap Foundation disclosed $85.8 million in assets and projected funding through 2027 while ranking high among monthly DeFi fees.
A significant portion of the losses came from an exploit on Resolv Labs, which lost $25 million worth of USR stablecoins.
Institutional liquidity provider B2C2 will now route and settle large-scale stablecoin transactions for its institutional clients on Solana.
Michael Barr called for for regulatory and technological measures that ensure stablecoins will not be used for illicit activities.
Securitize’s business model ties revenue to tokenized asset growth and activity across issuance, trading and servicing.
Google researchers recently warned that quantum computing may break bitcoin earlier than originally thought.
The crypto bill, or the Clarity Act, remains stuck in the Senate, and Congress is now on a two-week Easter break.
The Better Money Company said it will work with Paxos, Bridge, MoonPay, MetaMask, and Phantom, among others.
Convera, formerly known as Western Union Business Solutions, is a fintech that deals with over 140 currencies.
Tether has let go of two former HSBC metals traders months after hiring them to build out its gold trading desk.
Plume has launched a payroll pilot that lets employees receive part of their salary in tokenized money-market fund shares.
The autonomous bots are trained on Chainalysis' massive, proprietary dataset built from over a decade in business.
Interactive Brokers launched crypto trading for eligible EEA investors, offering 11 cryptocurrencies alongside stocks and futures.
Tesseract tested its vault architecture with six pilot participants, including crypto ETP issuer 21Shares.
Kieran Dennis, co-founder of Z and an initial contributor to Core, claims Z is the first attempt to bring native EVM capabilities to Zcash.
The bank maintained its $2 trillion stablecoin market cap forecast by 2028 amid a sharp increase in turnover from use cases like AI payments.
KB previously stated that it is developing a hybrid card that enables customers to use stablecoins on their existing credit cards.
Google Research said the necessary resources for quantum computers to break cryptocurrencies have seen a 20-fold reduction.
Users would be required to set up a dedicated prediction account, separate from their spot trading accounts, to trade on event contracts.