Research
Stablecoins
Why GENIUS could leave digital dollars vulnerable to sudden blockchain network ‘bank runs’
A Federal Reserve staff paper shows how congestion and weak network effects can push holders toward redemptions or chain migration even with safe backing.
Technology
Zero-knowledge apps go dark after chain upgrade breaks their underlying verification keys
Mina completed its scheduled network restart, but deployed zkApps still need Mesa-compatible verification keys before proof-authorized activity can resume.
DeFi
Monad’s mainnet upgrade makes storing data together 98% cheaper
A block-pinned mainnet call reproduced the 8,100-to-100 step-down and showed the cold charge returning at slot 128.
Governance
Scan reveals 96,000 fake-address outputs clogging Bitcoin’s unspent database
Bitquery’s scan shows why cheap OP_RETURN repetition and fake-address text impose radically different costs on Bitcoin nodes.
Hacks
Parked Coldcard loot begins moving as attacker routes $1.6M in stolen Bitcoin to Ethereum
Bitquery traced 20.45 BTC through 34 Bitcoin swaps, and the main destination later held roughly 5 ETH less.
Governance
What Solana’s failed fee vote reveals about Anatoly Yakovenko’s power
A majority backed the reform, but the supermajority rule left implementation authority with validators and stakers.
Digital Asset Treasuries
Hyperliquid treasury company increases token buying strategy to $2.5 billion as shares run out
Filings show at least $763.7 million raised, leaving at most $236.3 million before discounted share sales face a Nasdaq cap.
Legal
TrueUSD’s $456M court case gives defendant days to reveal legal funding source – or face court sanctions
The affidavit must disclose the sources of legal payments, while any sanctions would require a further Techteryx application.
Governance
Ontology forces urgent node upgrade after restarting chain hit by malicious activity
Ontology version 3.1.5 is mandatory for compatibility, while the attack path and wider service recovery remain undisclosed.
Regulation
Thailand puts private wallets and offshore crypto transfers on notice in a major new crypto rule
Licensed crypto operators must add recipient data to transfers, collect extra details above 30,000 baht and verify some self-hosted wallets.
Investments
Coinbase co-founder joins rush for Venezuelan oil assets under new US-backed framework
Coinbase co-founder's firm Primavera is reportedly negotiating for three fields, but no signed agreement or transfer has been announced.
Regulation
How stablecoins are quietly becoming the Fed’s debt buyer of last resort
Stablecoins can expand private use and Treasury-bill demand without deciding how central banks allocate reserves.
