Can A7A5 Survive If Sanctions Ease? A7A5, a ruble-pegged stablecoin tied to sanctioned Russian defense bank Promsvyazbank, is trying to reposition itself from a sanctions workaround into a longer-term settlement tool for trade with Russia. The question has become more urgent after U.S. President Donald Trump said the end of the war between Ukraine and
What Happened to the Verus-Ethereum Bridge? DeFi protocol Verus is facing an ongoing exploit targeting its Ethereum bridge, with losses reaching roughly $11.58 million so far, according to blockchain security firms. Onchain security platform Blockaid reported the attack in a late Sunday post on X, identifying the attacker’s address as “0x5aBb…D5777.” Blockaid said the stolen
Why Did Aave Restore WETH Collateral Settings? Aave has restored normal loan-to-value ratios for wrapped ether across six Aave V3 networks, reversing emergency limits introduced after April’s rsETH exploit caused more than $230 million in ETH to be drained from the lending protocol. The decision marks a major step toward normalization for one of DeFi’s
Why Is SpaceX Moving Faster on Its IPO? SpaceX is aiming to list its shares as early as June 12, with Nasdaq selected as the trading venue for what could become the largest stock market debut on record, according to people familiar with the matter. The rocket and satellite company has accelerated its IPO timetable
What Happened in the THORChain Exploit? THORChain has confirmed a $10 million exploit and launched a recovery portal for affected users, giving them a self-custodial route to revoke malicious token approvals and submit refund claims backed by a treasury-funded pool of the same size. The protocol said affected users can now check what compensation they
Why Did Bitcoin Lose Its Weekly Gains? Bitcoin fell about 3% to near $78,000 in Asian morning trading Saturday, erasing its gains from the past week as global markets repriced the path of interest rates. The move reversed a brief push above $82,000 and pulled the broader crypto market lower. Solana dropped 5% to $86.98
Why Did Bitcoin ETF Flows Turn Negative? Spot Bitcoin exchange-traded funds recorded $1 billion in weekly net outflows, ending a six-week inflow streak that had brought in a combined $3.4 billion and helped stabilize institutional demand during a volatile stretch for crypto markets. The reversal was sharp. The week opened with modest net inflows of
What Did Solayer Launch? Solayer has launched a Visa-compatible payment card that allows users to spend USDC balances through in-store, online and contactless transactions, expanding its Solayer Pay product into physical card payments. The card can be ordered through the Solayer Pay app and supports ATM withdrawals in supported regions, according to the company’s announcement.
Why Are Japan’s Brokerages Moving Into Crypto Trusts? Japan’s major brokerages are preparing to offer crypto investment trusts to retail investors, opening a potential new route into digital assets through conventional securities accounts rather than dedicated crypto exchanges or self-custody wallets. SBI Securities and Rakuten Securities are already developing products within their own groups, according
Why Are the New BNB ETF Filings Important? VanEck and Grayscale filed updated registration documents for proposed U.S. spot BNB exchange-traded funds, adding fresh momentum to a crypto ETF pipeline that is moving beyond bitcoin and ether into larger altcoins. VanEck filed Amendment No. 5 to its Form S-1 for the VanEck BNB ETF, which