Crypto

[Brief] StablR Stablecoin Hit by $13.5M Exploit, Tokens Depeg StablR’s EURR and USDR stablecoins suffered a severe depeg after an attacker exploited a multisig wallet vulnerability to mint approximately $13.5 million in unbacked tokens. EURR fell to $0.85 and USDR dropped as low as $0.40. According to TheBlock, the attacker dumped roughly $10.4 million in face value on decentralized exchanges. The project team is working on an emergency fix.

Chun Wang, founder of F2Pool which controls 11% of Bitcoin hashrate, named Mission Commander for SpaceX’s first commercial Mars flight.

Binance has publicly disputed a Wall Street Journal report alleging that Iranian financier Babak Zanjani moved $850 million through its platform. CEO Richard Teng said the claims are inaccurate. The controversy emerges amid heightened geopolitical tensions. The US has paused a $14 billion arms sale to Taiwan due to the Iran situation, and a Pakistani field marshal is traveling to Tehran to broker a US-Iran deal. Binance has been strengthening compliance measures in recent years, seeking to distance itself from sanctioned entities. This dispute highlights the compliance challenges crypto exchanges face amid geopolitical conflicts. ...

OKX and the Intercontinental Exchange (ICE) are partnering to bring “never-expiring” oil futures contracts to 120 million crypto users. The partnership draws on the success of Hyperliquid’s oli perpetual oil futures, which have seen over $1 billion in trading volume.

Trump Media & Technology Group (DJT) has moved another $205 million in bitcoin, swelling its unrealized cryptocurrency losses to $455 million. The president’s publicly traded company continues to face pressure on its bitcoin strategy. DJT now sits on hundreds of millions in unrealized crypto losses, raising investor concerns about its financial health. The figure underscores the market volatility risk of corporations holding bitcoin as a reserve asset. While bitcoin trades near $77,000, DJT’s entry cost is clearly far above current market prices. ...

The South Korean government said it will review its cryptocurrency taxation plan after a national petition garnered over 50,000 signatures. The petition calls for canceling or delaying taxes on crypto trading gains. South Korea has been wavering on crypto regulation, and this review reflects domestic divisions over the tax framework for the digital asset industry.

Blockchain.com Files for U.S. IPO Crypto financial services firm Blockchain.com has confidentially filed an S-1 registration statement with the U.S. Securities and Exchange Commission, formally exploring a public listing. The company becomes the latest major crypto firm to seek a public market debut, following Circle, Gemini, and BitGo. Founded in 2011, Blockchain.com is one of the earliest cryptocurrency wallet service providers in the world. The company’s product portfolio spans a crypto wallet, exchange, institutional lending platform, and NFT marketplace, with users across more than 100 countries and regions. ...

Binance has launched SpaceX pre-IPO perpetual futures contracts, becoming the first major crypto exchange to offer derivatives tied to SpaceX’s pre-public market valuation. The move comes as SpaceX filed for its IPO this week under the ticker “SPCX,” with valuations reaching as high as $2 trillion. The perpetual contracts allow traders to gain exposure to SpaceX’s valuation before shares begin trading on public markets. Binance said the product settles against private market valuation data, enabling users to go long or short without holding actual equity. Elon Musk stands to become the world’s first trillionaire if the IPO succeeds. ...

UK trading platform IG Europe has partnered with crypto platform Bitpanda to offer cryptocurrency trading to its EU clients. “Our clients want crypto exposure from a platform they trust. This partnership delivers it,” said IG Europe’s Managing Director. The move reflects growing traditional finance adoption of crypto services. Bitpanda, headquartered in Austria, is one of Europe’s leading crypto service providers with regulatory licenses across multiple EU member states.

Nvidia’s earnings beat and strong outlook boosted Bitcoin mining stocks amid the AI boom. An increasing number of miners are expanding into AI computing, leveraging their large-scale GPU infrastructure to provide AI inference and training services. The market views this transformation as enhancing miners’ earnings diversification and reducing reliance on Bitcoin price volatility. Source: CoinDesk