Tag: Breaking

Synthetix governance has approved SIP-423, a proposal to fully decommission and deprecate its native sUSD stablecoin across Ethereum and Optimism networks. Holders will receive four locked SNX tokens for each sUSD based on its $1 face value, compensating users despite the asset’s current market value of $0.25. The transition restructures protocol debt mechanisms by winding down the 420 Jubilee Debt Pool and completely removing the sUSD...

Secret Network’s cross-chain bridge was hit for $4.7 million following an exploit tied to a critical infinite mint smart contract vulnerability. Three high-profile board members of Sonic Labs, including DeFi pioneer Andre Cronje, have resigned amidst a broader governance restructuring. The native S token dropped another 5% on the news, continuing a steep decline that has wiped out roughly 97% of its value from its all-time high. The...

On-chain settlement volume hit $7.5 trillion in March 2026, marking the first month it surpassed the total volume cleared by the traditional United States Automated Clearing House (ACH) network. The aggregate stablecoin supply surged to $323 billion, representing a substantial 56% year-over-year increase from the same period last year. Institutional adoption and cross-border commercial transactions continue to fuel tokenized dollar...

Algorand has announced a structured technical roadmap targeting broad quantum resilience across its network layer by the end of 2027. The phased rollout begins in Q3 2026 with the integration of native Falcon-1024 post-quantum accounts directly supported by software development kits and user wallets. The strategy encompasses upgrades to user infrastructure and consensus mechanisms, positioning the blockchain ahead of the cryptographic...

Uniswap (UNI) bucked the broader market sell-off, surging into the $3.70 range after trading as low as $2.50 last week. Standard Chartered initiated coverage on UNI with a hyper-bullish target of $100 by the end of 2030, driven by the explosive expansion of real-world asset (RWA) tokenization. The bank’s analysts compared Uniswap’s open platform model to YouTube, contrasting it with Coinbase’s more capital-intensive,...