Kazakhstan is doubling down on its crypto ambitions. In a bold move, the country is pushing forward with plans to establish a national digital asset reserve and expand regulatory clarity for cryptocurrencies. Summary Kazakhstan’s President proposes a State Fund of Digital Assets to hold strategic crypto assets via the National Bank’s Investment Corporation. A new…
A major supply chain attack has rocked the crypto ecosystem, threatening users globally. Ledger’s CTO Charles Guillemet is sounding the alarm, urging caution and hardware wallet use. Summary Ledger CTO Charles Guillemet alerts users to a widespread JavaScript supply chain attack silently swapping crypto wallet addresses. 18 popular NPM packages were compromised. Libraries like chalk…
BitMine has picked up another batch of Ether, extending a buying streak that has made it one of the most aggressive ETH accumulators in 2025. Summary BitMine has lifted its Ethereum treasury to 2.07 million ETH, valued at $8.94 billion. The purchase was completed through Galaxy Digital OTC transfers, days after a $358 million single-day…
MegaETH is creating a new economic core by launching the USDm stablecoin. The asset leverages yield from institutional-grade reserves to subsidize network operations, aiming to permanently decouple revenue from user fees. Summary MegaETH partnered with Ethena to launch USDm, a stablecoin designed to finance Layer 2 operations. USDm uses reserve yields, mainly from BlackRock’s tokenized…
Hyperliquid price reached an all-time high, following news of a stablecoin launch and a major institutional vote of confidence. Summary Hyperliquid reached an ATH following several major announcements Singapore-based fintech and trading platform Lion Group ditches Solana and SUI for Hype The protocol is gearing up for major technical upgrades and its own stablecoin launch…
Nemo Protocol, a DeFi yield platform built on the Sui blockchain, has been hit by an exploit that drained millions in stablecoins. Summary Nemo Protocol was exploited for $2.4 million, resulting in its TVL plunging from over $6 million to about $1.5 million. Cetus Protocol on Sui was similarly hacked in May, with $162M frozen…
Authorities in Hong Kong are taking a cautious approach to the stablecoin licensing regime as top banks and major firms race to secure approval. Summary Hong Kong regulators confirmed that only a few stablecoin licenses will be granted despite high demand. Major banks and corporations, including ICBC, Bank of China, Standard Chartered, and PetroChina, have…
Decentralized exchange and Layer-1 chain Hyperliquid is set to conduct a governance vote, where protocol validators will decide which team will be assigned the USDH ticker to issue a native stablecoin on the network. Summary Hyperliquid validators to vote on assigning the USDH ticker on September 14. Proposals from Paxos Labs, Frax Finance, Agora, and…
Ethena price rose to its highest point in over two weeks as its total value locked (TVL) and revenues jumped to a record high. Summary Ethena price could jump by 80% this year as its total value locked soars. It has jumped to over $12.8 billion, up from the year-to-date low of $5 billion. StablecoinX…
Tether is using profits from its stablecoin empire to branch out, channeling billions into companies that range from crypto platforms to gold royalty firms and farms. Summary Tether is exploring gold-related investments, including mining, refining, and royalty companies. Tether Gold (XAUt) surged past a $1.3 billion market cap in August after a single-day mint of…
