A cache bug in Elements let someone mint 4,000 unbacked L-BTC and peg out real bitcoin through SideSwap. No keys were compromised. The reserve went from 4,205 BTC to 197, and the fix shipped on Wednesday with the sidechain still paused.
Bessent says failure would signal the US is "unwilling to lead." Community banks say yield on stablecoins drains $4.1 trillion of local lending. Both sides spent August in senators' home states. Here is what the procedural vote actually decides.
StableFund, co-sponsored with Fasanara Capital, targets $3 billion of institutional money for short-duration, asset-backed loans settled in Tether's stablecoin. The issuer is now on both sides of the trade.
Consensys Software Inc. becomes MetaMask, with Joe Lubin as full-time CEO. A new Consensys takes Linea, Besu, Teku and the bank clients. The word IPO is nowhere in the announcement, which is the most interesting thing in it.
Hunter Biden's memecoin printed a $144 billion valuation against a pool smaller than a house deposit, then lost 99 percent inside an hour. He says nobody on his side sold. The tokenomics say nobody on his side could.