Ethena Labs submitted a proposal on Sept. 9 to turn out to be the issuer of Hyperliquid’s native stablecoin USDH, becoming a member of an more and more aggressive race. The bid consists of backing USDH completely by USDtb, a stablecoin backed by BlackRock’s BUIDL fund, with the help of Anchorage Digital. Ethena is dedicated…
Crypto analyst Armando LaVerdad had first referred to as out an interesting setup in the XRP price chart over the weekend. This needed to do with each liquidity and the formation of a bull flag that each pointed to rising curiosity within the digital asset. As a outcome, the bulls have remained firmly in management,…
Lawmakers in Washington are weighing how the federal authorities ought to method custody of Bitcoin and different digital property. A brand new invoice, HR 1566, directs the Treasury Department to put together a complete report on the feasibility of making each a Strategic Bitcoin Reserve and a wider Digital Asset Stockpile. The measure varieties a…
Russian President Vladimir Putin’s adviser, Dmitry Kobyakov, accused the US of orchestrating a crypto technique to eliminate its $35 trillion nationwide debt via the manipulation of stablecoins. During his speech on the Eastern Economic Forum on Sept. 6, Kobyakov claimed that Washington seeks to “rewrite the foundations of the gold and crypto markets” as options…
SEC Commissioner Hester Peirce warned that layer-2 blockchains working centralized matching engines may face exchange registration necessities whereas advocating for regulatory safety of actually decentralized protocols. During an interview on The Gwart Show, Peirce famous her imaginative and prescient for crypto regulation, drawing sharp distinctions between immutable code working on decentralized networks and centralized entities…
Swiss crypto platform SwissBorg suffered a $41 million theft when attackers compromised a partner API, draining approximately 193,000 SOL from the corporate’s Earn program and affecting roughly 1% of customers. CEO Cyrus Fazel addressed the incident throughout a Sept. 8 live broadcast, confirming that SwissBorg’s fundamental software stays safe whereas emphasizing the corporate’s dedication to…
Julien Bittel, head of macro analysis at Global Macro Investor, argued that the bull run stays in its early levels based mostly on complete financial indicators. In a Sept. 8 analysis shared by way of X, Bittel counters widespread “peak cycle” sentiment in crypto markets, difficult late-cycle narratives by inspecting conventional financial markers. Peak sentiment…
Blockchain investigator ZachXBT reported that the Solana (SOL) trading platform Aqua allegedly performed a rug pull, draining 21.77k SOL value $4.65 million after securing endorsements from major ecosystem companions and not too long ago passing safety audits. Aqua positioned itself as a trading infrastructure designed to democratize entry past “insiders or whales,” claiming to have…
South Korea’s largest crypto exchange, Upbit, unveiled a cryptic countdown this week for a brand new blockchain venture known as “Giwa,” fueling hypothesis about its goal and potential function within the nation’s fast-growing digital asset sector. The teaser web site, which carries the tagline “trusted construction, not simply form,” supplied no technical particulars however directed…
A big provide chain assault has raised alarms inside the cryptocurrency group, particularly after the Node Package Manager (NPM) account of developer Qix was compromised. Charles Guilletment, the Chief Technology Officer of Ledger, a {hardware} pockets supplier, issued a stark warning to crypto traders in a latest submit on social media platform X (previously Twitter). …