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BlackRock-Backed Basin Targets Tokenized Treasuries With Up to $1B Daily Stablecoin Liquidity
Grove has introduced Basin, a blockchain-based liquidity facility supported by firms including BlackRock and Janus Henderson, aimed at speeding up redemptions for tokenized Treasury funds. The system is designed to offer investors access to as much as $1 billion in stablecoin liquidity per day while traditional settlement continues in the background. BlackRock's $2.2 billion BUIDL and the $1.1 billion Janus Henderson Anemoy Treasury Fund (JTRSY) are the first connected products.
BTC
BTC-1.14%
1g fa
4-2
Drift Protocol Pauses Deposits and Withdrawals After $280M Admin Exploit on Solana
Drift Protocol suspended deposits and withdrawals after an exploit drained about $280 million via admin-level access. The Solana-based DEX said the attacker took over Security Council permissions using pre-approved transactions, then removed withdrawal limits and added a malicious asset. The incident underscores how governance, multisig approvals, and signing workflows can become key DeFi attack surfaces.
SOL
SOL-3.08%
4-2
3-31
Cassidy and Lummis introduce “Mined in America Act” to boost U.S. Bitcoin mining
U.S. Senators Bill Cassidy and Cynthia Lummis introduced the “Mined in America Act” to expand domestic Bitcoin mining and increase U.S.-made mining hardware. The proposal would add a voluntary certification program, limit equipment linked to foreign adversaries, and place a Strategic Bitcoin Reserve under Treasury policy. The U.S. currently accounts for about 38% of global mining power while roughly 97% of mining hardware comes from China.
BTC
BTC-1.14%
3-31
3-31
Justin Drake Sees 10% "Q-day" Risk by 2032 as Quantum Research Advances
Bitcoin security researcher Justin Drake said on March 31 that two new quantum-computing papers increased his estimate of a "Q-day" to a 10% chance by 2032, a point when widely used cryptography could be broken. He argued the work reduces the resources needed for attacks based on Shor's algorithm and could, in best cases, shrink key-cracking time to minutes, though the threat remains theoretical for now.
BTC
BTC-1.14%
3-31
3-30
Trump Calls U.S. a Future "Bitcoin Superpower" in March 27 Miami Speech
On March 27 in Miami, U.S. President Donald Trump said the United States should become the world’s "undisputed crypto capital" and a "Bitcoin superpower," casting digital assets as part of U.S. competitiveness. He also said he signed the GENIUS Act into law to create a "clear and simple" framework for dollar-backed stablecoins, while arguing against what he described as unnecessary restrictions.
BTC
BTC-1.14%
3-30