Frax Finance founder Sam Kazemian reports an insider hacked their X account, affecting the FRAX USD-pegged stablecoin. Blockchain sleuth ZachXBT confirms it’s likely a social engineering breach. #CryptoSecurity #BlockchainNews
Tether invests $150M in Bitdeer to expand Bitcoin mining. The deal includes $100M equity and $50M share option. Bitdeer ($BTDR) gains new data centers and mining farms. #CryptoNews #Bitcoin
Tether secures $100M in shares from Bitdeer, with an option for $50M more. Bitdeer’s stock jumps 4% to $6.08. Funds to boost Bitcoin mining tech. #Crypto #Updates
Tether (@Tether_to) invests up to $150M in Bitdeer, buying 18.6M shares and a warrant for 5M more at $10 each. Bitdeer shares rose 13% on the news. #CryptoNews #BitcoinMining
Rep. McHenry stresses the need for a broader legislative framework to advance stablecoin regulation, highlighting 23 months of negotiations. Recent pro-crypto developments and bipartisan support are crucial. #Crypto #Stablecoins
The Terra Luna Classic community rejected Proposal 12105 to raise the LUNC burn tax to 1.5%, with 70% favoring a strategic redistribution to the oracle pool. LUNC’s price rose 1% amid a 70% volume surge. #CryptoNews #TerraLunaClassic
PayPal integrates PYUSD stablecoin into Solana blockchain, enhancing transaction speed to 1,624 TPS and reducing fees. This strategic move aims to boost retail commerce capabilities. #PayPal #Solana $PYUSD #CryptoNews
PayPal expands its $PYUSD stablecoin to @Solana, aiming for faster, cheaper transactions. Phantom wallet offers zero transaction fees for PYUSD transfers. Solana leads with $4B in stablecoin supply. #CryptoNews #Blockchain
PayPal’s PYUSD stablecoin is now on @solana, leveraging high speeds (65,000 TPS) and low fees ($0.0025) to enhance user experience and utility. #CryptoNews #Blockchain
U.S. Rep. French Hill discussed legislative efforts on a dollar-backed stablecoin and predicted quicker market entry for spot Ethereum ETFs due to better market correlation. #Ethereum #Stablecoin #Updates
Russia’s top metal producers now use $USDT for cross-border trades with China, bypassing sanctions risks. This move highlights the role of #cryptocurrencies in global trade. #Analysis
? Terra Luna Classic v3.0.1 upgrade passed with 99.9% support, boosting $LUNC and $USTC prices by 5%. The upgrade includes sdk 47 and major updates. #PriceInfo #UpdateNews
Coin Center opposes the Lummis-Gillibrand Payment Stablecoin Act, arguing it infringes on First Amendment rights by banning algorithmic stablecoins, amid efforts to regulate stablecoins following the TerraUSD collapse.
The BRICS nations are developing a stablecoin for trade settlements, aiming to diminish reliance on the US dollar and revolutionize international trade, marking a significant move towards financial autonomy and innovation.
