The Bank of England Wanted to Cap Stablecoins. Now It Must Back Them
HM Treasury is giving the Bank of England a legal duty to support stablecoins, a year after it proposed capping individual holdings at 20,000 pounds.
HM Treasury is giving the Bank of England a legal duty to support stablecoins, a year after it proposed capping individual holdings at 20,000 pounds.
Humanity Protocol raised near $1.1 billion, but its H token is down 90% after a $36M key theft, with 80% of supply still locked and unlocking.
A LayerZero bridge flaw let an attacker mint $49 billion in unbacked SAND on Base and BNB Chain. The real drain was about $675,000.
An attacker seeded a wallet with two ether from Tornado Cash, bought a thin governance token, and voted Term Finance's vaults empty for $8.5 million.
A three million dollar exploit hit BounceBit's Layer 1, so the team is shutting the chain down for good and reissuing BB on BNB Chain instead.
Solana's slot time dropped to 350ms at epoch 1020, but the per-block compute budget fell to 87.5M units, holding per-second capacity flat at 250M.
MANTRA halted its blockchain and said no user funds were exploited. The Cosmos EVM module it blamed carries a bug that cost Saga $7M in January.
The CFTC closed its FTX cases against Caroline Ellison and Gary Wang with a five-year trading ban and no fine. An $11.02 billion forfeiture still stands.
A fake Tornado Cash front end drained a wallet on August 18. Reports said 1,010 ETH; on-chain data confirms 810. The gap, and its cause, went unasked.
Injective's affiliate registered as an SEC transfer agent and INJ rose 8%. The filing is a routine 30-day process that regulates nothing on-chain.
Cypherpunk switched on 4.2 GSol/s and now runs about 18% of Zcash hashrate, while holding 1.92% of ZEC supply and openly targeting 5%.
Maya Protocol lost $10.9M in a six-bug exploit, but the attacker only took $1.65M. The rest was CACAO's own collapse. Here is the gap.
The SEC postponed its Reg Crypto proposal a day before the vote, citing scheduling. The tokenization exemption slipped again as the CLARITY Act stalls.
The GENIUS Act starts on January 18, 2027, but the 120-day path to finalize stablecoin rules first has already slipped out of reach.
Jane Street's 13F shows a $990 million spot Bitcoin ETF position, $828 million of it in IBIT. As an anchor market maker, that is inventory, not a bet.
SafePal's breach exposed 39,798 customers with order data going back 13 months. A near-identical Trezor breach days earlier reached only 90 days.