Balancer Labs, the corporate entity behind the Balancer protocol, is winding down due to legal liabilities and unsustainable operating costs.
The decision follows a $116 million exploit in November 2025 that caused Total Value Locked (TVL) to plummet from $800 million to approximately $158 million.
New governance proposals suggest cutting BAL emissions to zero, phasing out veBAL, and directing 100% of protocol fees to the DAO treasury.
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Tether Taps Big Four Accounting Firm for Inaugural USDT Reserve Audit
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Stablecoin issuer Tether has signed an agreement with an unnamed Big Four accounting firm to perform its first full independent financial statement audit.The move follows the 2025 passage of the GENIUS Act, which mandates rigorous annual audits for stablecoin issuers with high transaction volumes.Tether’s reserves, currently valued at approximately $184 billion, have historically been verified only through point-in-time attestations.
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Bernstein Calls Bitcoin Bottom, Reaffirms $150,000 Price Target for 2026
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Bernstein analysts believe Bitcoin has found its local trough and is now positioned for a move toward $150,000 by year-end 2026.
The firm points to resilient institutional demand and spot Bitcoin ETF inflows, which have absorbed over $56 billion to date.
MicroStrategy (Strategy) continues to act as a “central bank of last resort” for Bitcoin, now holding approximately 3.6% of the total circulating supply.
Bernstein’s research...
Bitcoin and Gold Swap Roles as Geopolitical Tensions Shift Investor Appetite
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Bitcoin has risen 10% since late February, while gold prices have plunged 15% to $4,407.37 per ounce in a rare safe-haven reversal.U.S. spot Bitcoin ETFs recorded $2.5 billion in net inflows this month, contrasted by massive outflows from major gold tracking funds like GLD.
The shift suggests a growing institutional acceptance of Bitcoin’s fixed supply of 21 million as a hedge against global instability.
In a significant departure from...
Delaware Lawmakers Introduce Stablecoin Licensing Bill to Attract Digital Asset Issuers
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Delaware lawmakers introduced Senate Bill 19, the Delaware Payment Stablecoins Act, creating a licensing regime for payment stablecoin issuers and digital asset service providers targeting state residents.
The bill mandates 1:1 reserves backed by cash, bank deposits, and short-term U.S. Treasurys, plus monthly reserve reports and prompt redemptions.
It prohibits interest payments on stablecoins unless allowed under federal law and...
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