USR issuer Resolv Labs says its collateral pool remains intact after an exploit on Sunday that minted 80 million unbacked tokens and drove the US dollar stablecoin as low as $0.14.
Bitcoin’s 20-week rolling correlation with the S&P 500 has turned positive, a signal that has historically preceded major BTC price declines.
Revolut’s renewed push for a US banking license follows a failed 2021 attempt, as the $75 billion fintech expands globally.
One year after creating the Bitcoin reserve, the US’ BTC coffers remain much the same, as the Treasury Department hasn’t developed an acquisition strategy.
Oracle provider RedStone deploys price feeds on Stellar as the network expands DeFi infrastructure and experiments with lending and tokenized assets.
Bitcoin reacted to Iran war news while stock markets were closed, showing how crypto is becoming a real-time gauge of macro risk.
Lawmakers asked if stablecoins could drain bank deposits and threaten financial stability, while Coinbase and Innovate Finance warned that strict regulation risks driving innovation offshore.
South Korea’s government and ruling party reportedly agreed on a proposal to cap major shareholder stakes in crypto exchanges at 20%, with limited exemptions for new operators.
Visa and Stripe-owned Bridge aim to expand stablecoin-linked Visa cards to 18 countries, and plan 100-plus by the end of the year, while testing stablecoin settlement with Lead Bank.
Strive’s Joe Burnett argues AI-driven deflation may force looser policy, pushing Bitcoin toward $11 million a coin by 2036 and a $230 trillion market cap.