9h ago
Resolv Labs says collateral intact after USR exploit mints 80M unbacked tokens
Resolv Labs said its collateral pool remained fully intact after a Sunday exploit disrupted USR’s issuance mechanism and knocked the stablecoin off its peg. The attacker minted 80 million unbacked USR, sending the price as low as $0.14 before it rebounded to $0.42 at the time of writing. Several DeFi protocols moved to limit exposure, while onchain tracking suggested most of the proceeds were swapped into ETH.
BTC
BTC-2.38%
9h ago
9h ago
Bitcoin and S&P 500 Hit Extreme Fear as Liquidity Tightens and Risk-Off Builds
Bitcoin's long stretch of negative correlation with the S&P 500 is fading as sentiment in both markets sinks into "extreme fear." The S&P 500 Fear and Greed Index fell to 16 while Bitcoin's gauge dropped to around 12, alongside BTC pulling back from above $100,000. The shift follows October's deleveraging that cut open interest sharply, leaving price action more dependent on real inflows than leverage.
BTC
BTC-2.38%
9h ago
10h ago
XRPL contributor Vet warns AI-written scripts can trigger $2,000+ in XRP fees
An XRP Ledger (XRPL) contributor known as Vet warned that AI-generated scripts can cause costly transaction-fee mistakes after one user paid over $2,000 in fees across four payments in the past 48 hours. Screenshots showed single transactions reaching as high as 690 XRP, far above typical XRPL costs. Vet said the issue often comes from users running unverified AI-written code and failing to cap maximum fees.
XRP
XRP-2.93%
10h ago
11h ago
PayPal to roll out PYUSD stablecoin across 70 markets, targeting faster settlement
PayPal said Tuesday it will expand its dollar-backed stablecoin, PayPal USD (PYUSD), to 70 global markets to enable cross-border buying, holding and transfers with faster settlement and lower costs. The rollout spans Asia-Pacific, Europe and Latin America, including the United Kingdom, Singapore and the United States, and PayPal said PYUSD has surpassed $4 billion in circulation.
PYUSD
PYUSD+0.07%
11h ago