Stablecoin Market Flags $320B Stability Concern
BIS General Manager Pablo Hernández de Cos warns that the $320 billion stablecoin market, dominated by $USDT, poses financial stability and AML risks. #Update #Crypto $USDT
Bank of Japan Holds Rates Amid Inflation
The Bank of Japan maintains rates amid inflation from the US-Israeli conflict with Iran; market sees a rate cut as unlikely. #Update #Economy
Bitcoin Acquires 34164 BTC for $2.5B
@MicroStrategy has acquired 34,164 $BTC for $2.54B, increasing total holdings to 815,061 BTC. The purchase was funded mainly through STRC, generating $2.18B from recent sales. #Update #Crypto $BTC
XRP Faces DeFi Bridge Delay Amid Risks
Ripple CTO @JoelKatz raised security concerns about integrating DeFi bridges for RLUSD, highlighting risks similar to the $292M KelpDAO exploit. He emphasized prioritizing security over convenience in these protocols. #Update #Crypto $XRP
Aave Faces $230 Million Losses After Exploit
The Kelp DAO and LayerZero bridge exploit could result in Aave facing up to $230 million in losses, prompting immediate risk containment measures. $AAVE #Update #DeFi
Playdate Bans Generative AI in Development
Panic bans AI-generated art, music, and writing from its Playdate console’s Catalog storefront but allows AI coding tools with disclosure. #Update #Tech
Binance Traders Boost Dogecoin Long Positions
Binance’s top traders are increasing long positions on $DOGE, with a 24-hour long/short ratio of 3.63, signaling bullish sentiment despite muted price action. #Update #Crypto $DOGE
Ethereum Markets Hit by Kelp rsETH Hack
An attacker exploited Kelp’s Layerzero V2 bridge, minting 116,500 rsETH, causing $123.7M-$230.1M in bad debt across markets. Aave DAO treasury holds $181M. #Breaking #Crypto #AAVE
Iran Peace Talks Deadline Nears
Vice President Vance returns to Pakistan for US-Iran peace talks with market odds at 12.5% YES, reflecting skepticism ahead of the April 22 deadline. #Update #Market
BIS Chief Questions Stablecoins as Money
Pablo Hernández de Cos, incoming head of the Bank for International Settlements, calls for strict regulation of stablecoins, citing risks to financial stability and challenges to global economies. #Update #Crypto $USDT $USDC
John Oliver Rejects Prediction Markets Users
John Oliver criticized prediction markets like @Kalshi and @Polymarket on HBO, highlighting concerns over manipulation and legal issues, as traditional finance firms eye market entry. #Update #Crypto $BTC $ETH
XRP Holders Face Setback from Amendments
Flare Network founder Hugo Philion expresses skepticism about the XLS-66 lending model’s utility for $XRP holders, highlighting low demand for borrowing XRP. #Update #Crypto $XRP
North Korea Expands Crypto Heist Tactics
North Korea-linked hackers exploited @Kelp, a restaking protocol, siphoning over $500M in two weeks, revealing vulnerabilities in decentralized systems and prompting security recommendations for multiple verifiers. #Breaking #Crypto $KELP (-8) ↘
AI Dividend Proposal Boosts Unemployment Aid
New York Assembly member Alex Bores proposes an “AI Dividend” to compensate Americans for AI-driven job losses, though payment specifics remain undefined. #Update #AI