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Ripple’s RLUSD gains institutional traction in Bullish IPO settlement
Crypto exchange Bullish disclosed on Aug. 19 that part of its $1.15 billion IPO proceeds was received in a mix of stablecoins, including Ripple’s RLUSD on the XRP Ledger and […]
GMX suffers $42M hack, issues 10% bounty offer to hacker
A major security incident struck the decentralized exchange GMX, siphoning approximately $42 million from its Arbitrum-based v1 perpetual platform. In response, GMX has sent an on-chain message to the hacker […]
Circle’s USDC and BlackRock’s BUIDL spearhead collateral innovation in derivatives markets
Crypto trading platforms increasingly adopt blockchain-native assets like the USDC stablecoin and tokenized treasuries such as BlackRock’s BUIDL to enhance collateral efficiency in derivatives markets. These instruments offer a blend […]
Plasma reopens deposits, secures $1 billion in 30 minutes for XPL
Investor demand for Plasma’s upcoming XPL token continues to soar, with the stablecoin infrastructure platform now securing $1 billion in deposits to support the planned sale.Plasma confirmed that its revised […]
Tron strengthens grip on USDT, claiming nearly half of its $150B supply
Tether’s market cap just passed $150.66 billion, setting yet another record and extending its dominance over every rival combined. Data from DeFiLlama showed USDT expanded by roughly $830 million in the past […]
Circle holds just 73 BTC, raising questions about its Bitcoin commitment amid $5 billion valuation
Circle’s initial public offering (IPO) filing has drawn sharp criticism from industry insiders, who question its Bitcoin strategy and broader financial stability. While the company is best known for issuing […]
NYSE parent company exploring Circle’s USDC and USYC stablecoins for financial systems
Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange (NYSE), is exploring the integration of Circle’s stablecoin products—USD Coin (USDC) and US Yield Coin (USYC)—across its financial […]
World Liberty Financial releases USD1 stablecoin plans to ease pressure from scam clones
World Liberty Financial (WLFI), the decentralized finance project aligned with US President Donald Trump, has now unveiled details of its plan to release USD1, a US dollar-pegged stablecoin. According to […]
OX token plummets amid OX FUN extortion and insolvency of former 3AC founders rumors
OX.FUN, a crypto derivatives exchange linked to the bankrupt Three Arrows Capital co-founders Su Zhu and Kyle Davies, is under fire following allegations of financial misconduct. The controversy erupted after […]
Stablecoins surpass Visa and Mastercard with $27.6 trillion transfer volume in 2024
According to a report from crypto exchange CEX.IO, stablecoin transfers reached $27.6 trillion in 2024, outpacing Visa and Mastercard’s combined transaction volume by 7.68%. The report pointed out that stablecoins […]