Payments
Infrastructure

Drift Secures $147.5 Million From Tether, Drops Circle’s USDC After Massive Exploit

Tether commits $127.5 million to fund Drift’s recovery and relaunch on Solana, while a class action targets Circle for failing to freeze stolen USDC during…
DeFi

Tillis Delays Clarity Act Stablecoin Yield Text, Citing Uncertainty Over Markup Timing

Sen. Thom Tillis said he won’t release the stablecoin yield compromise text this week, pushing back a key step in the months-long fight between banks…
Payments

Ripple’s dollar stablecoin hits a wall in Japan, one of XRP’s friendliest markets, as megabanks earn most of the trust

Japan has long been one of Ripple’s most fertile markets. SBI’s investment in Ripple dates to 2016, SBI Remit launched Japan’s first XRP-enabled international remittance…
Infrastructure

Class Action Lawsuit Filed Against Circle Over Drift Protocol $280 Million Hack: Gibbs Mura Law Group

Law firm charges Circle Internet Financial with failing to freeze $230 million in stolen USDC after the April 1 Drift Protocol exploit, allegedly linked to…
Payments

Crypto's new $11 million PAC booked millions in ads with firm started by Tether US CEO

While Tether has been closely associated with the emerging political action committee, the opening funding came from Cantor Fitzgerald and Anchorage Digital. Read Full Story…
Payments

Tether adds $70 million in bitcoin to reserves, bringing holdings above 97,000 BTC

The USDT stablecoin issuer has now accumulated over $7.1 billion in bitcoin as part of its strategy to recycle up 15% of its profit into…
Payments

Tether moves over $70 million in bitcoin to reserves, on-chain data shows

Bitcoin Magazine Tether moves over $70 million in bitcoin to reserves, on-chain data shows Tether transferred roughly $70.5 million in Bitcoin into reserves while simultaneously…
DeFi

White House exposes stablecoin yield ban wouldn’t help banks, raising the stakes for CLARITY in the Senate

White House study sharpens CLARITY’s core fight as Senate execution remains the real test A recent White House economic study has changed the focus of Washington’s…
Infrastructure

Circle CEO Reveals Arc Network Token Plans and Proof-of-Stake Roadmap

Circle CEO Jeremy Allaire said the company is exploring a native token for its Arc blockchain that would support governance and enable a shift to…
Infrastructure

Ether-bitcoin ratio bounces from 2026 lows, signaling broader crypto recovery

The ETH/BTC ratio hit its highest since January as Ethereum’s network added 284,000 new users in Q1 and stablecoin supply reached a record $180 billion.…