Category: crypto

Resolv USR, a stablecoin linked to Resolv Labs, lost its peg to the US dollar after an attacker minted millions of unbacked tokens. The attacker quickly converted the tokens into stablecoins and Ether. Resolv Labs has paused operations, investigating the exploit, and working on a recovery plan. The attacker exploited a vulnerability in the token’s…

Brazil’s new Finance Minister, Dario Durigan, has decided to delay a public consultation on crypto taxation to avoid controversy during the upcoming election. Durigan aims to focus on tech regulation and financial reforms instead. This decision is part of a broader fiscal strategy to conserve political capital and prioritize other legislative issues.

Hailey Welch, known as the “Hawk Tuah girl,” faced backlash and death threats after promoting the failed launch of the HAWK memecoin in 2024. Despite being cleared by the FBI of wrongdoing, Welch experienced emotional struggles and continued public criticism. Legal action was taken against the team behind the coin’s collapse.

Hong Kong Police Cyber Crime Bureau has warned against cryptocurrency scams after a 66-year-old retired man lost HK$6.6 million to fraudsters posing as experts. The victim fell for three separate scams, transferring money to strangers who promised guaranteed profits. Police advise caution and not trusting offers of guaranteed returns.

Hong Kong authorities issue a warning after a senior man loses HK$6.6 million in crypto scams. Grayscale files for a HYPE ETF tied to Hyperliquid’s token. U.S. lawmakers close in on regulating stablecoin yield with the CLARITY Act. These developments mark significant progress in the cryptocurrency market.

Ripple warns against scam accounts on Telegram impersonating the company. The XRP Ledger now has over 7.7 million holders. Ripple advises caution and confirms it does not have an official Telegram channel, urging users to be vigilant against potential fraud and not to trust any accounts claiming to be official Ripple channels.

Robert Kiyosaki predicts a global financial crash will lead to Bitcoin hitting $750,000 and Ethereum reaching $95,000 within a year. Critics doubt his methods due to his history of missed crash predictions. Kiyosaki believes scarce assets like BTC, ETH, gold, and silver will benefit from the crisis. The warnings come amid tightening Fed policy and…

Grayscale filed with the SEC to launch the Grayscale HYPE ETF tied to Hyperliquid’s native token, HYPE. The fund, if approved, would trade on Nasdaq under the ticker GHYP. The filing includes the possibility of adding staking in the future. Hyperliquid is a popular platform for decentralized perpetual futures trading.

A reported agreement on stablecoin yield may help move forward the stalled CLARITY Act in Washington. Lawmakers are considering limits on stablecoin yield to address concerns of bank deposit flight. The agreement would block stablecoin yield on passive balances to protect innovation and limit risks. Industry and lawmakers are still reviewing the emerging agreement.

Ethereum (ETH) price is at $2,100, up 1% in 24 hours and 4% in seven days. Long-term holder thomasg.eth adds $19.5M in ETH, while US spot Ether ETFs see outflows. Tom Lee suggests ETH may have bottomed, citing historical correlations. ETFs show outflows of $55.7M, $136.4M, and $42M over three days.