Author: James Wilson
Resolv Labs recently experienced a major exploit in its USR stablecoin system, leading to the minting of 80 million unbacked tokens. Summary USR stablecoin crashes to $0.14 after exploit, rebounding to $0.42. DeFi protocols quickly respond to exploit, with some pausing markets to limit risk. Resolv Labs reassures users, stating collateral pool remains intact despite exploit. Meanwhile, this triggered a sharp drop in the token’s value, causing it to fall as low as $0.14 before rebounding to $0.42. The incident has raised concerns among decentralized finance (DeFi) protocols and users exposed to the exploit, prompting a rapid response to contain…
Bitcoin and most altcoins experienced a decline in value following recent geopolitical developments, with Bitcoin facing rejection at $71,000. Summary Bitcoin and altcoins see sharp declines, while SIREN surges 90% in 24 hours. Ethereum, XRP, and Solana follow Bitcoin’s downward trend, losing significant value. The crypto market cap drops $200B as macroeconomic factors weigh heavily on prices. The broader cryptocurrency market, including Ethereum, XRP, and other major tokens, followed Bitcoin’s downward trend. Meanwhile, one altcoin, SIREN, managed to defy the market slump with a significant surge. Bitcoin’s price faced significant volatility this week, with a high of $76,000 on Monday…
In early 2026, a wave of layoffs across the crypto industry has raised concerns about the reasons behind the job cuts. While some companies cite macroeconomic factors, such as weak token prices, others frame their workforce reductions as part of a broader shift toward integrating AI into their operations. Summary Major crypto firms, including Algorand and Gemini, cut staff due to market downturn and AI adoption. AI adoption in crypto companies leads to workforce reductions, with claims of increased efficiency. Job cuts across the industry mirror the challenges faced during the 2022 crypto winter. Several major crypto firms, including Algorand,…
Kalshi, a prediction market company, has faced a temporary setback in Nevada. A state judge issued a temporary restraining order, blocking the company from operating for 14 days. The decision follows concerns that Kalshi’s event contracts might violate Nevada’s gambling laws. Summary Kalshi faces a 14-day ban in Nevada after violating the state’s gambling regulations. Nevada regulators claim Kalshi’s event contracts are unlicensed gambling under state law. Kalshi fights back in multiple states, including Arizona and Massachusetts, over illegal gambling accusations. On Friday, Carson City District Court Judge Jason Woodbury granted a temporary restraining order, siding with the Nevada Gaming…
The World Gold Council has proposed plans to develop a platform that will change how the metal operates in digital financial systems. Summary World Gold Council has proposed a “Gold as a Service” platform aimed at standardizing and scaling tokenized gold products across digital financial systems. The model seeks to link physical gold custody with digital issuance frameworks while streamlining processes such as compliance, reconciliation, and redemption. In a white paper released on March 18, the World Gold Council outlined plans for a proposed “Gold as a Service” platform that would “support the issuance and operation of scalable, interoperable digital…
XRP price rebounded back above $1.45 on Friday after bulls managed to defend the $1.40 support during the market-wide bloodbath over the past day. Summary XRP rebounded above $1.45 after defending $1.40 support, despite broader market weakness driven by geopolitical tensions and risk-off sentiment. Whale accumulation of over 200 million XRP and $150 million in institutional holdings signals renewed interest, alongside speculation of a potential XRP treasury. Technical setup shows a descending channel and a rounded bottom, with a breakout above $1.69 potentially opening upside toward $2.1. After falling nearly 11% from its weekly high to $1.45 on March 19,…
Kaspa price shot up to a seven-week high of $0.041 on Thursday before settling at $0.037 at press time. It has now confirmed a breakout from a multi-year falling wedge pattern, which could spur more gains ahead. Summary Kaspa surged to a seven-week high near $0.041 and confirmed a breakout from a multi-year falling wedge, signaling potential for further upside. Technical indicators, including Supertrend and Aroon, point to a strengthening bullish trend, with resistance at $0.038 and a potential move toward $0.056. Exchange outflows of $1.8 million suggest rising investor accumulation and reduced sell-side liquidity, supporting the bullish outlook. According…
Zcash price fell over 18% from its weekly high to $232, a level that aligns with a key trendline support that could determine whether the current pullback stabilizes or extends further. Summary Zcash pulled back over 18% from a recent high to $232, now testing key trendline support after a broader market-driven selloff. Technical indicators, including a green Supertrend and bullish RSI divergence, suggest weakening selling pressure and potential for a rebound toward $265 and $300. Rising shielded pool usage and upcoming network upgrades provide fundamental support, though a break below $230 could expose downside toward $200. According to data…
Investors sue Gemini, alleging its IPO hid plans to abandon core crypto trading for a prediction market pivot, after shares crashed and layoffs followed. Summary Investors allege Gemini concealed a preplanned pivot to a Gemini 2.0 prediction-market model in its IPO filings. The suit follows a 77% stock plunge, mass layoffs, and withdrawals from key international markets after the IPO. Plaintiffs say these post-IPO shocks were foreseeable outcomes of a strategy Gemini chose not to disclose. Cryptocurrency exchange Gemini and its co-founders Tyler and Cameron Winklevoss are facing a securities class action lawsuit filed in the U.S. District Court for…
A bitcoin whale wallet dormant since 2012 has moved 2,100 BTC worth $147 million after 13.7 years, stoking debate over lost coins, whale psychology, and market risk. Summary A wallet inactive since 2012 moved 2,100 BTC on March 20, 2026, now worth about $147 million versus just $13,685 when last touched. The move, flagged by Whale Alert, comes as over $1.87 billion in leveraged bitcoin longs sit near liquidation if price slips below $66,827. Analysts say such awakenings highlight both psychological overhang from early whales and how much BTC supply is locked in long-dormant or lost wallets. A Bitcoin (BTC)…