Congestion can test GENIUS stablecoin safeguards

[ad_1] The Guiding and Establishing National Innovation for U.S. Stablecoins Act, or GENIUS Act, is the new federal framework for payment stablecoin issuers. Its reserve rules aim to make each token a... Read more »

Bitcoin keeps whipsawing around $77,000, and ETF investors are doing the same

[ad_1] US spot Bitcoin ETFs returned to inflows Wednesday, extending a four-session pattern of investors repeatedly switching between buying and selling. Data from SoSoValue shows that the funds attracted $101.2 million on... Read more »

How stablecoins are quietly becoming the Fed’s debt buyer of last resort

[ad_1] Circle president Heath Tarbert told Congress on Sept. 2 that placing digital-dollar infrastructure under US rules could reinforce the network effects that support the currency’s global role. The testimony framed stablecoin... Read more »

Pocket Bitcoin breach exposed IDs linked to public addresses

[ad_1] The Pocket Bitcoin breach exposed more than email addresses and support conversations for 291 customers, the company said. Some copied records linked real-world identities to public Bitcoin activity. The finding expands... Read more »

Switchboard Move oracle compromise halts four deployments

[ad_1] Switchboard, an oracle provider that supplies price data to DeFi applications, said contributors halted its deployments on Aptos, Sui, IOTA and Movement after reports of a potential Switchboard Move oracle compromise... Read more »

Strategy splits $603 million share sale between Bitcoin purchases and STRC support

[ad_1] Strategy raised $602.8 million by selling 4,531,421 MSTR common shares in one week, then split the proceeds among a renewed Bitcoin purchase, support for its STRC preferred stock, and additional cash.... Read more »

DeFi attacks expose $84 million price manipulation risk

[ad_1] Malicious actors exposed two decentralized finance (DeFi) lenders to over $84 million in losses over four days, using variations of a price-manipulation strategy previously targeted by US regulators. The larger incident... Read more »

Circle’s cirBTC has only 40 Bitcoin despite institutional backing

[ad_1] Circle’s wrapped Bitcoin product entered the market with unusually strong institutional credentials and almost no visible scale. The company paired cirBTC with segregated reserves, a federally supervised custodian, direct minting and... Read more »

Coinbase stock tokens hold near Friday prices

[ad_1] Coinbase’s new B20 stock tokens on Base place Apple, Alphabet, Meta and Nvidia-linked exposure on a blockchain that keeps trading through the weekend. AAPLc, GOOGLc, METAc and NVDAc confer beneficial claims... Read more »

Deribit ends daily proof of reserves amid Coinbase custody shift

[ad_1] Deribit will remove its public Proof of Reserves page on Sept. 1, ending a daily check customers could use to verify balance inclusion and compare aggregate liabilities with published wallet holdings.... Read more »