Stablecoins
DeFi

More Markets lending reserve drained for $9.3M: Blockaid

Blockaid said an attacker used an Ankr liquid staking token and E-mode to overborrow from More Markets and drain about $9.3 million in WFLOW from…
Payments

CEO Jeremy Allaire says Circle built “the platform for the internet financial system”, but cirBTC has only 40 BTC

Circle’s wrapped Bitcoin was overcollateralized at its Aug. 27 snapshot, yet WBTC and cbBTC remain thousands of times larger as Arc becomes the next distribution…
Payments

CEO Jeremy Allaire says Circle built “the platform for the internet financial system”, but cirBTC has only 40 BTC

Circle’s wrapped Bitcoin was overcollateralized at its Aug. 27 snapshot, yet WBTC and cbBTC remain thousands of times larger as Arc becomes the next distribution…
Institutional

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. The post One mid-tier Bitcoin…
Institutional

Russia’s Sber eyes USDT loans, questions digital ruble demand

Russia’s largest bank, Sber, plans to accept USDT and Ether alongside Bitcoin as loan collateral as the country introduces regulated crypto trading under a new…
AI

The next trillion-dollar currency may not be a stablecoin — it might not even have a name yet

AI agents are coming. They will need to pay each other. Crypto executives agree on the problem but disagree sharply on the solution, and one…
Industry News

Stablecoins not credible for payments at scale, BIS chief says

BIS chief Pablo Hernández de Cos said stablecoins lack credibility for payments at scale, while a new FSI study highlights sharp differences in issuer rules.…
Markets

Bitcoin Cools Off After $3 Billion ETF-Driven Surge 

Bitcoin Magazine Bitcoin Cools Off After $3 Billion ETF-Driven Surge  Bitcoin’s run slowed down Friday after the Federal Reserve chief said inflation was too hot.…
AI

After selling all its Bitcoin to pay off debt, AI firm tries to rebuild $827 million treasury from scratch

The proposed preferred raise covers 1.51% of the target before AI allocations and an 18-month dividend reserve. The post After selling all its Bitcoin to…
Payments

Chelsea FC gets a stablecoin sponsor after UK FCA warning to clubs

According to Circle, the USDC stablecoin name will appear on the front of club jerseys for Chelsea’s upcoming football season. Read Full Story at Cointelegraph.com…