Cryptocurrency market bounce aligns with stablecoin market cap growth, signaling increased industry inflows. Recent plateau suggests stagnant sentiment. Future stablecoin trends may offer insights into broader market direction.
Huang BoCyvers detected a coordinated attack on Sonne Finance and BlockTower Capital, resulting in substantial losses. Sonne's Optimism Market was suspended after a theft of $20 million, while BlockTower suffered partial fund drainage. The incident highlights the ongoing threat to DeFi security.
Huang BoBesides raising red flags on the stability of the stablecoin market, Deutsche Bank's research analysts expressed particular concern about Tether's prominent position in the stablecoin market, highlighting issues such as speculation and a perceived lack of transparency.
KikyoFollowing convictions for wire fraud, commodities fraud, and commodities manipulation, he could potentially face a maximum sentence of 20 years in prison.
CatherineDespite implementing security upgrades following a previous breach, FixedFloat emphasises that user funds remain secure and unaffected.
CatherineBinance discontinues TRC-20 USDC support, prompting users to convert holdings. Circle and Tron remain silent on the matter. USDT surpasses $100B market cap amid concerns over asset backing and regulatory scrutiny.
EdmundRagnarok Landverse and Ultraman are teaming up to offer players thrilling quests and adventures in the popular MMORPG. With exclusive costumes and event-exclusive dungeons, players can immerse themselves in the action from February 26 to March 24.
JoyCircle has decided to stop supporting USDC on the TRON blockchain due to risk management concerns, possibly influenced by allegations of TRON's involvement in terrorism financing. Despite this, TRON's cryptocurrency, TRX, continues to perform well in the market.
MiyukiVisa and Transak's collaboration facilitates seamless crypto-to-fiat conversions directly to Visa debit cards, offering users in 145 countries a faster and more accessible experience. This move signifies a substantial step towards mainstream acceptance and utilization of cryptocurrencies, enhancing the global reach of digital assets.
JoyThe timing of Circle's IPO hinges on the completion of the review process by the Securities and Exchange Commission, coupled with prevailing market conditions.
AlexTeams such as Bitlayer and Citrea adopted the BitVM bridge solution, introduced pre-signatures, and combined the idea of channels, allowing users to limit the processing flow after deposit execution before officially depositing, and not giving the cross-chain bridge official the opportunity to misappropriate user deposits.
JinseFinanceCircle discontinues support for USDC on Tron blockchain, citing trust and safety concerns. Immediate halt in USDC minting on Tron; retail users urged to transition to other networks. Decision follows scrutiny over Circle's ties to Tron founder amid legal actions.
EdmundStablecoin issuer Circle is bringing USD Coin (USDC) to the Celo (CELO) blockchain, fostering a strategic alliance to enhance stablecoin accessibility. This move aligns with Celo's vision of becoming a leader in real-world adoption, showcasing potential for further innovations in the evolving crypto landscape.
JoyIOTA's ShimmerEVM Bridge, strategically launched amidst the ecosystem's expansion, integrates with LayerZero for enhanced cross-chain connectivity. The move aims to attract developers, boost liquidity, and potentially impact IOTA's undervalued market position.
SanyaCross-chain innovation is being propelled by solutions such as Connext.
BeincryptoUSDC has regained its $1 peg.
BeincryptoA blockchain bridge connects two blockchains facilitating secure and verifiable communication between those blockchains through the transfer of information and/or assets.
Enterprise Ethereum AllianceIndustry insiders have pointed out the flaws inherent in multisig security as a way to protect funds in smart contracts, and have offered various alternative solutions.
CointelegraphFor all the flak they have been getting recently, cross-chain bridges bring too much value to the blockchain space to ditch them.
CointelegraphAt present, the coexistence of multiple chains is the current market pattern.
Cointelegraph