Memecoins
Solana processed 5.2 billion transactions after revenue collapsed 87% – here’s what changed
August activity reached a new high after the memecoin fee boom that inflated revenue a year earlier had faded.
stablecoins
Latest stories
Hacks
TAC blockchain remains frozen for over 10 days after a massive exploit forces a 1.26 billion token bailout
One transaction emptied 28.6% of supply from the bonded pool, while 1.66 billion attacker-held TAC remains unresolved.
Derivatives
Coinbase is moving $227 million onto the venue already holding over 96% of its derivatives
The Coinbase Sept. 1 snapshot shows the Sept. 9 cutover moves a far smaller International Exchange book onto the dominant offshore venue.
Stablecoins
Circle processed $32 trillion in USDC transfers, yet 95% of its revenue relies entirely on interest rates
Coin Metrics found market plumbing drove much of the volume while reserve income supplied 95.2% of Q2 revenue.
Outage
Stopping a blockchain doesn’t always recover stolen funds – What actually happened when 3 networks pulled the plug
Cronos restored pre-exploit state, Ontology paused before a confirmed loss, and ICON halted after assets reached exchanges, exposing three different emergency powers and recovery risks.
Hacks
How a hacker reused the same authorization message 1,490 times to trigger massive crypto payout loops
The Aug. 30 postmortem traces the replay flaw to mismatched serial-number checks and a 105-minute response gap.
Regulation
UK is hunting the $86 billion Russia-linked crypto pipeline as it moves to double sanctions fines
Banks and crypto firms could face penalties equal to 100% of breach value under the proposed enforcement overhaul.
Regulation
Russia just switched on a crypto market that doesn’t fully exist yet
The new law legalizes regulated investing and cross-border use before exchanges, custodians and venues are fully operational.
Stablecoins
US treasury relies on stablecoins to fund short-term debt, but they can’t fix its $28B long-bond problem
GENIUS reserves stop at 93 days while Treasury expands liquidity buybacks across 10- to 30-year debt.
Debt
One mid-tier Bitcoin treasury just gambled its entire BTC reserve on a single 30-day reset price
The Aug. 25 unwind was capitalized into principal, while a one-time Sept. 24 test determines whether the $75,000 ceiling applies.
Regulation
Treasury proposed GENIUS change forces US exchanges to audit foreign stablecoin or face delisting
Platforms could rely on foreign issuers only after reasonable diligence, while comments on the proposed standard remain open through Oct. 19.
Stablecoins
USDC gets promoted to the Premier League with Chelsea main shirt sponsor deal
Circle becomes Chelsea's principal and front-of-shirt partner for 2026/27, putting USDC branding on the men's, women's and academy kits.
