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forklog.media StablR’s EURR and USDR Stablecoins Lose Peg After $2.8 Million Hack

The European issuer of stablecoins, StablR, has fallen victim to a hack resulting in the theft of at least $2.8 million. This was highlighted by Blockaid. 🚨Community Alert Blockaid's exploit detection system has identified an ongoing exploit on @StablREuro. ~$2.8M extracted so far.Both tokens are depegged: 0x50753cfaf86c094925bf976f218d043f8791e408 (StablR Euro) and 0x7b43e3875440b44613dc3bc08e7763e6da63c8f8 (StablR USD) on…— Blockaid (@blockaid_) May 24, 2026 The attack on the smart contracts of the two coins — EURR and USDR — was also reported by the well-known on-chain investigator ZachXBT. According to his information, the perpetrator funded the operation through the cross-chain bridge CCTP on the Noble platform from the Cosmos ecosystem.   Preliminary findings from Blockaid experts suggest the hacker compromised the private key of one of the multi-signature owners for minting coins. Due to a weak threshold (1 out of 3), the attacker needed only one account to gain full control over the system. Consequently, he: added himself as an owner and replaced two other legitimate participants; issued 8.35 million USDR and 4.5 million EURR. The coins, with a nominal value of about $10.4 million, were exchanged on decentralized exchanges for 1115 ETH (~$2.8 million) due to low liquidity. “This is not a bug in the smart contract — it is a failure in key management and governance,” concluded Blockaid specialists. They, along with ZachXBT, noted that the StablR team did not respond to the attack for at least several hours. As a result of the incident, the company's stablecoins lost their peg to the underlying assets. At the time of writing, EURR is trading at $0.93 (-20% from nominal), while USDR is at $0.97 (-3%). The euro-based coin's market capitalization is $10.9 million, and the dollar asset's supply is approaching $20.7 million. In May, there have been at least a dozen attacks on crypto projects. Among the affected are TrustedVolumes, THORChain, Verus, Echo Protocol, and Polymarket. Back in April, the industry set a record for the number of hacks — over 20 incidents in a month.

bitcoinist.com Bitcoin Spot ETFs Bleed $1.26 Billion In Largest Net Outflows In 3 Months – Details

The 13 US Bitcoin Spot ETFs closed out last week with $1.26 billion in net withdrawals, amid significant price losses in the broader crypto market. Notably, data from SoSoValue shows this is the heaviest outflow from the Bitcoin ETF market since the last week in January, when investors’ activity resulted in a net loss of […]

blockonomi.com TAO ETF Catalyst vs NEAR On-Chain Dominance: The AI Crypto Battle That Actually Matters in 2026

TLDR: TAO carries a 447x price-to-fees ratio versus NEAR’s 87x, making it nearly 5x more expensive on fundamentals. NEAR generates 7.6x more daily app fees than TAO, backed by $183M in TVL and 37 active DeFi protocols. Bittensor pays up to $148M yearly in emissions but earns only $3M–$15M in real revenue, a 50x subsidy [...] The post TAO ETF Catalyst vs NEAR On-Chain Dominance: The AI Crypto Battle That Actually Matters in 2026 appeared first on Blockonomi.

blockonomi.com Binance Australia Mandates Sender and Beneficiary Info for All Crypto Transfers Starting July 1, 2026

TLDR: Binance Australia will require sender and beneficiary details for all crypto transfers from July 1, 2026. Australian users must re-login to Binance accounts on July 1 as part of the mandatory system update rollout. Transactions missing required sender or beneficiary information may be delayed, rejected, or returned to origin. Users sending crypto to themselves [...] The post Binance Australia Mandates Sender and Beneficiary Info for All Crypto Transfers Starting July 1, 2026 appeared first on Blockonomi.

news.bitcoin.com Libra Trust Prepares to Distribute Controversial Crypto Millions to Argentine Companies

Over a year after the token’s demise, the Libra Trust has arranged a strategy to fund nearly 71 companies that have applied for this support. The Trust has close to $110 million to invest in this task, transferred by Hayden Davis, CEO of Kelsier Ventures and one of the faces behind Libra. Libra Trust Set […]

blockonomi.com Hyperliquid HYPE Buyback Drives Token Rally More Than ETF Inflows, Analyst Says

TLDR: Hyperliquid has funneled over $1.16 billion in cumulative trading fees into open-market HYPE buybacks since launch. The Assistance Fund deploys nearly 99% of protocol revenue into continuous HYPE purchases, operating independently of investor sentiment. Quarterly buybacks dropped roughly 40% from Q3 2025 to Q1 2026, even as HYPE continued climbing to record highs. Analysts [...] The post Hyperliquid HYPE Buyback Drives Token Rally More Than ETF Inflows, Analyst Says appeared first on Blockonomi.

forklog.media Why 37 European Banks Are Launching Their Own Cryptocurrency

This week, "Deconstruction" focuses on the launch of the first quantum computer in the UAE, SpaceX's secret bitcoins, crypto companies' accounts at the Federal Reserve, and the death of the cypherpunk movement. The Threat of "Quantum Utility" Quantum computers are no longer a future technology; they are entering the stage of "quantum utility", posing a real threat to the encryption algorithms of Bitcoin and Ethereum.  Protection against quantum hacking requires sacrifices—tests of post-quantum solutions have already shown a reduction in blockchain throughput by 20–40%. While Ethereum plans a transition by 2029, Bitcoin developers are notably lagging in discussions on protection. SpaceX Bitcoins and the End of Free AI The SpaceX IPO sets a new standard where buying shares in a rocket company means indirect investment in crypto and AI.  Top analytical platforms misjudged SpaceX's hidden reserves by more than 100%—the company holds 18,712 BTC worth $1.3 billion. This proves that we are far from understanding the real volumes of cryptocurrency on corporate balance sheets.  Meanwhile, Musk's lawsuit with OpenAI confirmed that cutting-edge AI will remain closed, forcing Web3 startups to abandon direct competition and focus on absolute privacy and protection from censorship. Banks' Plans to Capture Cryptocurrency Governments are transferring the competition of national currencies to the blockchain. Trump allows crypto companies direct access to the US Federal Reserve, while 37 European banks are creating their own euro stablecoin to combat the digital dollar.  Traditional financiers consider backing stablecoins with gold, as Tether does, a huge risk that could trigger a liquidity crisis. This will inevitably lead regulators to force issuers to abandon risky assets in favor of government bonds. The End of Cypherpunk? The Web3 industry has almost completely lost its original ideology of independence, trading privacy for convenience, and ceding the role of a payment medium to a controlled quasi-fiat in the form of stablecoins.  Despite blockchain becoming part of the banking system and decentralization remaining merely a declaration, the ideas of crypto-anarchism are not destroyed. Their popularity could sharply increase in the event of another global financial collapse, which the world is now likely approaching. This is a shortened version of the podcast. Watch the full episode: Subscribe to the podcast: Apple Podcasts Spotify YouTube Deezer Yandex Music YouTube Music

forklog.media New Bitcoin Reserve Bill Introduced in US Congress

The US House of Representatives has introduced the American Reserve Modernization Act of 2026 (ARMA). The document proposes to formally establish a strategic bitcoin reserve under the management of the Treasury Department. The primary authors are Republican Nick Begich and Democrat Jared Golden. ARMA provides for the creation of a strategic bitcoin reserve within the US Treasury and separate repositories for other crypto assets. Federal agencies will be required to provide full accounting and transfer coins for centralized storage by the department. The bill includes: quarterly public reports on reserves; independent audits; oversight by Congress. The bitcoins in the reserve are proposed to be held for no less than 20 years. Sales are permitted only to reduce national debt. The bill also enshrines the right of US citizens to own digital assets, store them independently, and transfer them without restrictions. ARMA is based on President Donald Trump's executive order of March 6, 2025, which called for the creation of a strategic bitcoin reserve. At that time, authorities ordered the transfer of the first cryptocurrency, confiscated in criminal and civil cases, into the reserve.  The Treasury and the Department of Commerce were also tasked with exploring budget-neutral ways to purchase additional coins without taxpayer expense. Notably, the new bill lacks a target reserve value of 1 million BTC. Such a provision was included in the earlier BITCOIN Act authored by Senator Cynthia Lummis.  In May, Trump signed an order to integrate digital assets into the traditional financial system and review the rules for crypto companies' access to payment infrastructure.

forklog.media StablR’s EURR and USDR Stablecoins Lose Peg After $2.8 Million Hack

The European issuer of stablecoins, StablR, has fallen victim to a hack resulting in the theft of at least $2.8 million. This was highlighted by Blockaid. 🚨Community Alert Blockaid's exploit detection system has identified an ongoing exploit on @StablREuro. ~$2.8M extracted so far.Both tokens are depegged: 0x50753cfaf86c094925bf976f218d043f8791e408 (StablR Euro) and 0x7b43e3875440b44613dc3bc08e7763e6da63c8f8 (StablR USD) on…— Blockaid (@blockaid_) May 24, 2026 The attack on the smart contracts of the two coins — EURR and USDR — was also reported by the well-known on-chain investigator ZachXBT. According to his information, the perpetrator funded the operation through the cross-chain bridge CCTP on the Noble platform from the Cosmos ecosystem.   Preliminary findings from Blockaid experts suggest the hacker compromised the private key of one of the multi-signature owners for minting coins. Due to a weak threshold (1 out of 3), the attacker needed only one account to gain full control over the system. Consequently, he: added himself as an owner and replaced two other legitimate participants; issued 8.35 million USDR and 4.5 million EURR. The coins, with a nominal value of about $10.4 million, were exchanged on decentralized exchanges for 1115 ETH (~$2.8 million) due to low liquidity. “This is not a bug in the smart contract — it is a failure in key management and governance,” concluded Blockaid specialists. They, along with ZachXBT, noted that the StablR team did not respond to the attack for at least several hours. As a result of the incident, the company's stablecoins lost their peg to the underlying assets. At the time of writing, EURR is trading at $0.93 (-20% from nominal), while USDR is at $0.97 (-3%). The euro-based coin's market capitalization is $10.9 million, and the dollar asset's supply is approaching $20.7 million. In May, there have been at least a dozen attacks on crypto projects. Among the affected are TrustedVolumes, THORChain, Verus, Echo Protocol, and Polymarket. Back in April, the industry set a record for the number of hacks — over 20 incidents in a month.

news.bitcoin.com MiCA Decoded: Comparing MiCA (EU) to VARA (Dubai) and MAS (Singapore)

You would be wrong to assume that major crypto licensing regulations are converging to the same point. On the opposite: they tend to focus on area-specific goals. MiCA Decoded is a 12-article weekly series for Bitcoin.com News, co-authored by LegalBison’s Co-Founding and Managing Directors: Aaron Glauberman, Viktor Juskin and Sabir Alijev. LegalBison advises crypto and […]

news.bitcoin.com Is Crypto a Security? The 2026 Guide to US Digital Asset Law (Part One)

This research report originates from a multi-part series titled Law and Ledger, which examines one of the most important and unsettled questions in digital-asset law: when, and under what circumstances, crypto falls within the reach of U.S. securities regulation. Written by: Michael Handelsman and Alex Forehand for Kelman.Law This research report contains five additional sections. […]

news.bitcoin.com A $1 Billion Fix for Ethereum? Dev Proposes a Radical New Organization to Save ETH

As the Ethereum Foundation undergoes restructuring, a debate on social media is pitting industry figureheads against one another to discuss the state of Ethereum and how it might be “saved.” Dankrad Feist, an Ethereum developer, proposes the rise of an organization “economically aligned” with the project. Ethereum at a Crossroads: Leadership Crisis Ethereum, the second-largest […]

news.bitcoin.com Tokenized Asset Market Tops $34 Billion as Treasurys Lead 10x Surge

The tokenized asset market topped $34 billion as U.S. Treasury products led a rapid expansion across blockchain-based finance. Market data showed the sector has grown more than tenfold from mid-2024 levels, while institutional adoption broadened across digital asset infrastructure and settlement systems. Tokenized Treasury Products Drive Rapid Market Expansion The tokenized asset market has surpassed […]

news.bitcoin.com FDIC Board Advances Proposed Bank Secrecy Act Rule for Stablecoin Issuers

The FDIC advanced a proposed rule that would set Bank Secrecy Act and sanctions compliance standards for bank-linked stablecoin issuers. The measure would apply to FDIC-supervised stablecoin issuers and include anti-money laundering oversight, Treasury Department consultation, and enforcement provisions. FDIC Advances Stablecoin Compliance Rule Under GENIUS Act The Federal Deposit Insurance Corporation (FDIC) announced on […]

news.bitcoin.com Binance CEO Says Tokenization Nears Turning Point as 12–18 Months Look Defining

Binance CEO Richard Teng said tokenization is nearing a major turning point as regulation, institutional access, adoption, and market infrastructure converge. He said the next 12 to 18 months could define tokenized finance. Tokenization Outlook Centers on Regulation and Access Binance CEO Richard Teng shared on X on May 21 that tokenization is approaching a […]

blockonomi.com Binance TradFi Perp Volume Hits $60B Weekly as Market Share Climbs to 10.3%

TLDR: Binance’s 51 TradFi perp pairs generated $60.3B of the exchange’s $585.3B total weekly perp volume. Energy leads TradFi perp penetration in May, with Brent crude alone reaching 10.4% of global equivalent volume. Equity perps show rapid adoption — CBRS hit 1.7% market share within four days of its Nasdaq listing TradFi perp composition shifted [...] The post Binance TradFi Perp Volume Hits $60B Weekly as Market Share Climbs to 10.3% appeared first on Blockonomi.

blockonomi.com AI Revenue Loop: Are Big Tech Cloud Deals Built on Circular Accounting?

TLDR: OpenAI and Anthropic make up over half of Big Tech’s $2 trillion future cloud backlog combined. Microsoft’s $13B OpenAI investment returned as cloud credits, then recorded as fresh revenue by Microsoft itself. Alphabet’s Q1 2026 record profit included $28.7B in unrealized paper gains tied to its Anthropic stake. Oracle has 54% of its entire [...] The post AI Revenue Loop: Are Big Tech Cloud Deals Built on Circular Accounting? appeared first on Blockonomi.

news.bitcoin.com Grayscale Names 4 Crypto Networks Poised to Gain From CLARITY Act

Grayscale identified Ethereum, Solana, BNB Chain, and Canton Network as blockchain networks positioned to benefit from clearer U.S. digital-asset rules, including potential passage of the CLARITY Act. The research cited tokenized assets, DeFi, stablecoins, and institutional infrastructure as key areas of potential demand. Crypto Networks to Benefit From CLARITY Act Passage Grayscale shared a research […]

news.bitcoin.com Robert Kiyosaki Warns ‘Crash Imminent’—Cites Jim Rickards in Extreme Forecast

Robert Kiyosaki warned that a financial crash is imminent, pointing to Jim Rickards’ gold outlook and his own silver forecast. The Rich Dad Poor Dad author said investors should prepare before panic spreads across markets. Kiyosaki Warns of Imminent Crash as Gold Forecast Draws Attention Robert Kiyosaki warned on May 22 that a financial crash […]

news.bitcoin.com Arthur Hayes-Linked Wallet Deposits $6.33M in HYPE to Bybit After Calling $150 Target

A wallet linked to prominent crypto fund manager Arthur Hayes deposited 115,453 HYPE tokens worth $6.33 million into Bybit, just weeks after he publicly called for the token to reach $150. The $150 Call vs. the Bybit Deposit A wallet attributed to Arthur Hayes, co-founder of the BitMEX derivatives exchange and managing partner of crypto […]

bitcoinist.com Ethereum’s Consolidation Could Be Setting The Stage For Expansion

Ethereum’s recent period of consolidation may be doing more than simply slowing price action. After a strong rally, ETH has entered a range-bound structure where buyers and sellers continue to battle for control, allowing the market to absorb gains and establish new support levels. Similar periods of consolidation have often preceded significant directional moves, particularly […]

blockonomi.com Strategy MSTR Bitcoin Valuation Could Reach $388B by 2030, Analyst Projects

TLDR: Bitcoin currently trades at 1.26x its 4YMA, placing it at the 33rd percentile of all historical valuations. Strategy’s 843,738 BTC stack is projected to reach $388B by 2030 under the median historical multiple of 1.87x. Even the floor case, with BTC at its 4YMA and no premium, values Strategy’s holdings at $207 billion. Strategy’s [...] The post Strategy MSTR Bitcoin Valuation Could Reach $388B by 2030, Analyst Projects appeared first on Blockonomi.

news.bitcoin.com Bitcoin Tops $77K as Trump Weighs Iran Move, Polymarket Peace Bet Hits $154M

Prediction market traders on Polymarket have placed more than $154 million in bets on whether the United States and Iran will reach a permanent peace deal in 2026, as President Donald Trump described his decision as a “solid 50/50” between accepting a diplomatic agreement and resuming military strikes. Bitcoin rose 1.5% on the news, reclaiming […]

blockmanity.com Bitcoin’s Epic 930% Surge: Why Ark Invest Believes This Crypto Could Hit $800K by 2030

Bitcoin’s Epic 930% Surge: Why Ark Invest Believes This Crypto Could Hit $800K by 2030 Bitcoin stands as the biggest name in the crypto world. With a huge market value, many investors watch its every move. Now, Cathie Wood’s firm […] The post Bitcoin’s Epic 930% Surge: Why Ark Invest Believes This Crypto Could Hit $800K by 2030 appeared first on Blockmanity.