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.
Apyx Finance’s stablecoin, apxUSD, has broken its intended one dollar peg, falling into the low 90 cent range before partially recovering.
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
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.
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
On 30 May, Circle, the issuer of the USDC stablecoin, executed a freeze on a smart contract address belonging to the privacy protocol Zama. The action, taken in compliance with a court-ordered restraining order, has immobilised approximately 12.6 million USDC. The target of the legal action is a sin
The United States Treasury Department has seized approximately $1 billion in cryptocurrency assets linked to the Iranian state. The action, confirmed by Treasury Secretary Scott Bessent, is a component of Operation Economic Fury, a broad financial pressure campaign targeting Tehran.
The Central Bank of Iran now has a public transaction history. Two of its wallets on the Tron network, holding some $344 million, were not only frozen but also permanently tagged for the world to see. The public doxing came from the analytics firm Arkham Intelligence on May 11, following a US Treasu
Anchorage Digital is preparing to onboard roughly twenty banks and technology corporations as stablecoin issuers, consolidating the post-GENIUS Act market into a single federally chartered chokepoint. The firm has reportedly secured every meaningful issuance mandate awarded inside the United States
The USDC liquidity pool on Aave V3 Ethereum Core has reached a state of total exhaustion, with utilisation pinned at 99.87 percent for four consecutive days. Following the KelpDAO exploit on 18 April, the pool has effectively ceased to function as a liquid market. Currently, 1.89 billion dollars in
Let’s be clear: fiat money is not wealth. It is debt issued by central banks, loaned to governments, and paid back by the taxpayer—with interest.