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Fed’s dovish move will slash $625M in interest income for stablecoins

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CCData estimates stablecoins will lose approximately $625 million in interest income for each 50-basis point cut. Further cuts in 2024 could reduce annual revenue by as much as $1.5 billion.

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Coin Market

Canton, ZKsync clash over how blockchains enforce rules

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Matter Labs’ Alex Gluchowski says Canton isn’t a blockchain, while Digital Asset co-founders argue public chains aren’t that different.

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Coin Market

Crypto hackers stole $17B over past 10 years: DefiLlama

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Private key compromises led crypto hack losses over the past decade as recent DeFi exploits show attackers moving beyond smart contract bugs.

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Coin Market

South Korea tax agency opens bidding for crypto tracing tool

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South Korea’s tax authority is looking to build crypto transaction tracking software that can help track potential tax evaders.

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