Stablecoins
CZ’s Kyrgyzstan visit highlights why state backing cannot guarantee a stablecoin exit
CZ praised KGST on September 5; the separate USDKG project limits direct redemption to institutions, and its issuer has faced UK sanctions since May.
stablecoins
Latest stories
Governance
Three DeFi projects face possible exclusion from future Arbitrum DAO programs
Good Entry, Limitless and APX Finance could face separate off-chain ban votes, but the combined figure is not one repayable balance.
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.
Crypto
Australia gives crypto firms until Sept. 30 to get licensed or risk enforcement
ASIC’s grace period is ending, with unlicensed firms facing penalties that can reach 10% of annual turnover.
Regulation
How FBI turned Hamas’ crypto fundraising pipeline into a law-enforcement trap
Agents seized more than $560,000, then took control of infrastructure used to solicit new donations.
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.
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.
