Tether Backs Drift Recovery with $127.5M, Drift Shifts to USDT from USDC Tether committed up to $127.5 million to a $150 million recovery plan for Drift Protocol following a $280 million hack on April 1, 2026, as the Solana-based platform announces a switch…
NY Prediction Market Lawsuit Targets Coinbase, Gemini New York Attorney General’s office filed a lawsuit against Coinbase and Gemini’s prediction market operations on Tuesday, escalating regulatory scrutiny on event contracts in the state.[4] This action comes amid broader legal battles involving Kalshi and…
Li Lin Hong Kong Wealth Move via Bitfire Acquisition Chinese crypto billionaire Li Lin is transferring part of his private trading operations into Hong Kong-listed Bitfire, a wealth management firm where he holds the largest stake, for $1.6 million.[1][2] This Li Lin Hong…
Coinbase Premium Negative for 40 Days Amid BTC Price Dip Coinbase Premium has recorded extended negative readings, reaching around 40 consecutive days as of late February 2026, signaling weaker U.S. buying relative to global averages.[3][4] This follows Bitcoin’s price challenges, with trading around…
UK Stablecoin Payment Rules Overview The UK’s stablecoin payment rules establish a regulated framework for UK stablecoin payment rules, targeting issuance and use in payments with strict backing and redemption requirements from the FCA and Bank of England.[1][2][3] Overview Dual regulation track: Non-systemic…
12 European Banks Form Euro Stablecoin Consortium Under MiCA Nine major European banks announced a joint venture on September 25, 2025, to launch a MiCA-compliant euro stablecoin through Qivalis, a new company in the Netherlands.[1][2] The 12-bank euro stablecoin consortium-expanded reports cite 12…
Capital B Expands to 2,937 BTC Holdings Capital B, the listed arm of The Blockchain Group, recently acquired 12 Bitcoin for €0.8 million, pushing its total treasury to 2,937 BTC.[2][3] This move follows a prior purchase of 37 BTC last week, funded through…
LayerZero KelpDAO $290M RPC Breach: Key Facts LayerZero’s infrastructure faced scrutiny after a $290M-$292M exploit linked to KelpDAO’s RPC setup, with Dune Analytics highlighting 47% of LayerZero OApps using minimal DVN configurations.[1][2] The incident, involving a compromised bridge, prompted mutual blame between LayerZero…
RAVE Token Plunges 90% After Pump to $6.6B Market Cap RAVE token, tied to RaveDAO, surged from $0.25 to over $14 in seven days, hitting a peak market cap near $6 billion before collapsing about 90% in 24 hours to around $1.15.[1][2] Major…
