bitcoin
apxUSD Depegs, Exposing RWA Liquidity Mismatch
Apyx Finance’s stablecoin, apxUSD, has broken its intended one dollar peg, falling into the low 90 cent range before partially recovering.
The Nexus Report: Week of June 29 – July 5, 2026
The wallet generation software had a cryptographic flaw. The keys were written on paper and hidden in a fishing rod case. A $400 million fund ran on trust rather than verification. The protocol held. Everything around it didn't.
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Western Union
Western Union Stablecoin USDPT Listed on Bybit, Integrating Legacy Payments with Crypto
The cryptocurrency exchange Bybit has listed USDPT, a US dollar-pegged stablecoin from the payments firm Western Union. The token is issued by a subsidiary, Western Union Digital, with reserves held by Anchorage Digital Bank.
zcash
Zcash Patches Critical Counterfeiting Bug in Orchard Shielded Pool
A critical soundness vulnerability was discovered in Zcash’s Orchard shielded pool that could have permitted the creation of counterfeit ZEC within the pool.
A7A5
Who Gave Them The Right To Stand At The Gate?
The official story is simple enough to travel quickly. A 17 year old British researcher exposes a Russian crypto laundering network. Moscow retaliates by placing him on a sanctions or stop list. Western media frames it as the schoolboy who embarrassed the Kremlin.
stablecoin
US Treasury Designates Iranian Crypto Exchanges, Escalating Digital Sanctions
The United States Treasury Department has sanctioned four Iranian cryptocurrency exchanges, designating them as entities supporting the Iranian regime. The action by the Office of Foreign Assets Control (OFAC) targets Iran’s largest exchange, Nobitex, alongside Wallex, Bitpin, and Ramzinex. The sanc
admin key
DxSale Legacy Contracts Drained of $7.3M via Abused Administrative Keys
An attacker has drained approximately $7.3 million from legacy liquidity provider locker contracts belonging to the DxSale launchpad platform on BNB Chain.
Trezor
Ledger Audit Reveals Chip Flaw in Trezor Safe 7 Hardware Wallet
Ledger broke the TROPIC01 secure element with a laser attack. Trezor says Safe 7 funds remain protected by the wider architecture, but the phrase “secure element” now deserves far more scrutiny than the market usually gives it.
stablecoin
Court Reverses USDC Freeze, Forcing Privacy Protocol to Adopt Pass-Through Compliance
A United States court has ordered the reversal of a freeze on approximately $12.5 million of USD Coin (USDC) held within a smart contract operated by the privacy protocol Zama.
PermissionlessFinance
The Digital Cage: Why Freedom Looks Dangerous to People Who Have Never Been Free
A digital cage does not need bars when people mistake protection for freedom. The escape begins when sovereignty feels safer than permission.
layer 2
Kelp DAO Exploit: $220M Laundered, Highlighting Limits of Centralised Intervention
The actor responsible for the 18 April exploit of Kelp DAO has successfully laundered approximately $220 million of the $293 million in stolen assets. The funds, originally drained as 116,500 restaked ETH (rsETH), were laundered over six weeks using a multi-stage, cross-chain process.
Weekly Roundup
PulseChain Weekly Roundup: Week of May 25–31, 2026
Sovereign infrastructure made contact with the wider world this week. Simon Dixon answered. LibertySwap confirmed direct CEX onboarding. The security layer recorded six authority failures. The contact has begun.
admin key
Gravity Bridge Halted After $5.4M Contract Key Exploit
The Gravity Bridge, a protocol for asset transfers between Ethereum and Cosmos ecosystem chains, has been halted by its validators. The action followed a security incident where an attacker drained approximately $5.4 million in digital assets from the bridge’s primary Ethereum smart contract. The st