Author: driver789

TLDR: Resolv Labs’ USR ($0.84 · Live) minting contract was exploited, allowing 50M USR to be minted with only 100K USDC ($1.00 · Live) in a 500x flaw. USR dropped 74.2% to $0.257 before partially recovering to $0.85, leaving liquidity providers with heavy losses. PeckShield confirmed $80M worth of USR was minted, with over $4.55M already converted into approximately 9,100 ETH ($2,117.26 · Live). Resolv Labs had not issued any official response as the DeFi community called for stronger minting contract audits. Resolv Labs’ USR stablecoin faced a suspected exploit on Sunday around 2:21 AM UTC. An attacker reportedly minted…

Grayscale has filed with the U.S. Securities and Exchange Commission (SEC) to launch a new exchange-traded fund for the HYPE token, amid the surging popularity of decentralized exchange Hyperliquid. The Crypto asset manager’s proposed fund would hold the HYPE token and be listed on Nasdaq under the ticker GHYP, according to the S-1 registration statement.Grayscale said it may stake some holdings in the future, though it cannot do so now. The filing doesn’t disclose a proposed fee. Other asset managers that have also filed for HYPE ETFs include Bitwise and 21Shares, which already operate a HYPE exchange-traded product in Europe…

According to a recent on-chain data evaluation, the Bitcoin price might not be seeing a start to renewed price expansion in the near-term. Interestingly, this hypothesis seems to align with the multiple recovery attempts by the flagship cryptocurrency over the past few weeks.  BTC Net Realized Profit Peak At $17M/hr Before Swift Price Downturn In a March 20 post on the social media platform X, on-chain research firm Glassnode revealed what was behind Bitcoin’s recent reversal from what initially looked like an expansion move. This is based on the Net Realized Profit/Loss (NRPL) (24h Moving Average) metric, which reflects whether…

The US Commodity Futures Trading Commission has given more details on its expectations for the use of crypto as collateral amid a pilot program that the agency launched last year.In a notice on Friday, the CFTC’s Market Participants Division and Division of Clearing and Risk responded to frequently asked questions that emerged from two staff letters issued in December that established a pilot allowing crypto to be used as collateral in derivatives markets.The notice reminded futures commission merchants wanting to take part in the pilot that they must file a notice with the Market Participants Division “which includes the date…

For years, tokenization has been framed as crypto’s bridge to Wall Street. Put Treasuries onchain. Issue tokenized money market funds. Represent equities digitally. The assumption was simple: if assets move onchain, institutions will follow.But tokenization alone was never the endgame. As we recently argued in our institutional outlook, the real institutional unlock isn’t digitizing assets – it’s financializing yield.Following the regulatory clarity that emerged in 2025, institutional interest in digital assets has shifted from exploratory exposure to infrastructure-level participation. Surveys increasingly suggest that institutional engagement with DeFi could rise sharply over the next couple of years, while a meaningful share…

Solana is flashing mixed signals as price tightens beneath key resistance while early signs of momentum weakness begin to emerge. A clean breakout above $95 could ignite a swift move toward the $100–$105 zone, but fading RSI suggests underlying strength may be weakening.  Pressure Builds As Solana Holds Firm Below Resistance Solana is tightening just beneath a resistance zone, and the pressure is becoming harder to ignore with each passing move. According to crypto analyst Marcus Corvinus, repeated rejections around the $92–$95 range have not triggered any meaningful breakdown so far. That resilience keeps the bullish structure intact despite multiple…

Brazil’s Finance Minister, Dario Durigan, is putting crypto tax policy on the back burner until after the country’s presidential elections in October 2026 to avoid pushing for “divisive” tax changes during an election year. Regulators and government officials originally slated a public consultation on crypto tax policy for later this year, which may be delayed until 2027, but still “remains on the radar,” sources familiar with the matter told Reuters.Brazil ended its no tax policy on gains from smaller cryptocurrency sales or transfers in June 2025, shifting to a 17.5% flat tax on crypto capital gains, including those made from offshore…

The Bitcoin price has been on a steady recovery journey over the past few weeks, with several attempts at a sustained break above the $74,000 level. However, the premier cryptocurrency seems to still be getting drowned in the noise of the ongoing geopolitical tension between the United States, Israel, and Iran. This conflict in the Middle East has been the predominant topic in global financial markets, such that commentary on the United States midterm elections has had to take a back seat in recent weeks. Here’s a look at how the US midterm elections could impact the Bitcoin price performance…

The Algorand Foundation on Wednesday joined the ranks of crypto firms slashing headcount, losing 25% of its fewer than 200 employees and citing “the uncertain global macro environment” and a broader crypto downturn.The cuts arrived as a wave of layoffs proliferates across the industry. In February, Gemini Space Station (GEMI) said it would eliminate roughly 200 positions, about a quarter of its staff, a figure that had grown to 30% by mid-March. On Thursday, Crypto.com said it is trimming 12%, about 180 roles. That’s on top of 20 employees who got the chop at OP Labs, the company building layer-2…

Crypto analyst X Finance Bull has laid out a detailed theory explaining why XRP’s large token supply, often criticized as a weakness, could actually serve as a powerful mechanism for institutional adoption. His analysis comes as XRP community members continue to burn tokens to help reduce supply. In contrast, others demand that Ripple burn its escrowed holdings to drive scarcity and trigger a price spike.  The XRP Supply Is A “Catalyst”, Not a “Problem” In an X post on March 18, X Finance Bull observed that many people tend to look at XRP’s substantial supply of 100 billion tokens and,…