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Nomad token bridge drained of $190M in funds in security exploit

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Hundreds of potential exploiters appear to have drained all of the bridge’s $190 million in TVL in just a matter of hours.

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Coin Market

MoonPay launches fiat-to-stablecoin virtual accounts in New York

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MoonPay has expanded its virtual accounts product to New York, allowing businesses to convert fiat into stablecoins and settle funds without prefunding across jurisdictions.

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Bitcoin enters disbelief phase as USDC exchange reserves push above $7.5B

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A negative Bitcoin funding rate and $7.5 billion in USDC reserves suggest traders may start positioning against the bearish trend. Will BTC price keep rising?

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Tether freezes $344M USDt stablecoins at US law enforcement request

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The stablecoin issuer cited “activity tied to unlawful conduct” but no further explanation for the freezing of the dollar-pegged tokens held in two wallet addresses.

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