Abracadabra Hit by Third Exploit in Two Years, Losing $1.7M
The DeFi Abracadabra protocol was hit by its third major exploit since the beginning of 2024, with attackers draining around $1.7 million by circumventing a smart contract credit check.
Stablecoins
Stablecoins are a category of cryptocurrency designed to maintain a stable value against a reference asset, such as a fiat currency (e.g. the US dollar) or a commodity (such as gold).
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Crypto-Sanctions: Russian Network Moves Over $8 Billion
Elliptic's 26 September report reveals how sanctioned Russian entities, through a wallet network run by fugitive Ilan Shor, moved more than $8 billion in digital assets, circumventing Western restrictions and relying on stablecoins such as USDT.
BS Bank, Franklin Templeton and Ripple launch trading and lending solutions with RLUSD
Ripple enters into agreements with BS Bank and Franklin Templeton to launch tokenized money fund solutions and RLUSD stablecoin, which reached USD 729 million capitalisation in September.
Google launches an open-source protocol for payments between AI agents
Google presents an open-source AI protocol for autonomous payments with stablecoins and cards.
OFAC sanctions stablecoin ruble A7A5, 13% fall
The United States sanctioned the ruble-anchored stablecoin A7A5. Since OFAC's announcement, the token has lost 13% of its value.
Chinese Stablecoin Strategy: Between Control and Ambition
Hong Kong leads China's stablecoin experiment between global ambitions and regulatory control.
BlackRock Targets Stablecoins After US Law
BlackRock sees stablecoins as the future of finance after the GENIUS law passed in the US.
Euro Stablecoin Close To 100 Billion Capitalisation
Euro stablecoins are growing rapidly and approaching a capitalisation of $100 billion.
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