Paxos Accidentally Mints Trillions in Stablecoins, Quickly Burns Them
Paxos mistakenly minted and burned 300 trillion PayPal stablecoins (PYUSD) due to an internal technical error, causing a temporary halt in PYUSD trading on Aave.
Alvara Protocol Launches ERC-7621 Standardizing Decentralized Composable Fund Baskets
The ERC-7621 standard tokenizes investment baskets into fungible ERC-20s, unlocking a new capital-efficient primitive for DeFi asset management.
US Congress Passes GENIUS Act Establishing Federal Stablecoin Regulatory Framework
The landmark GENIUS Act mandates clear reserve requirements and new anti-money laundering controls, fundamentally redefining the operational risk profile for all stablecoin issuers.
US Congress Enacts GENIUS Act Establishing Federal Stablecoin Regulatory Framework
The GENIUS Act codifies payment stablecoins as a distinct asset class, mandating 1:1 reserve backing and creating a clear dual federal-state compliance path.
EBA Rejects Commission Amendments on MiCA Stablecoin Reserve Liquidity Standards
Stablecoin issuers must prioritize the EBA's strict prudential standards for reserve composition; regulatory arbitrage risk remains elevated.
EU MiCA Regulation Fully Implemented, Establishing Comprehensive Digital Asset Framework
The EU's Markets in Crypto-Assets Regulation now fully applies, standardizing compliance for digital asset entities across the bloc.
TokenWorks NFTStrategy Ecosystem Achieves $200 Million Market Capitalization
TokenWorks' NFTStrategy introduces a novel financial primitive, integrating automated trading and creator rewards to inject deep liquidity into the NFT market.
Tapzi Redefines Web3 Gaming with Skill-Based On-Chain Rewards
Tapzi's skill-to-earn model, validated by audited smart contracts, establishes a transparent competitive layer for gaming, enhancing user acquisition and retention in the decentralized application ecosystem.
UXLINK Multi-Signature Wallet Exploited via Delegate Call Vulnerability
A delegate call vulnerability in UXLINK's multi-signature wallet granted administrative control, enabling unauthorized token minting and asset exfiltration.
