Day: March 22, 2026

Resolv’s USR stablecoin depegs after $80M exploit hits supply

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Resolv’s USR stablecoin depegged following an apparent smart contract exploit on Sunday that allowed an attacker to mint 80 million USR tokens and dump them across decentralized exchanges, as noted by onchain analysts Ai Yi (@ai_9684xtpa) and PeckShield. .@ResolvLabs It seems multiple large amounts of $USR have been minted. Stay alert! $50m: https://t.co/gDrTBJDkax$30m: https://t.co/jLyvQkMMSV pic.twitter.com/0F7JZrKR4V — PeckShieldAlert (@PeckShieldAlert) March 22, 2026 USR was rapidly destabilized, dropping to as low as $0.2 before recovering to around $0.8, according to CoinGecko. In a statement, Resolv Labs, the core developer of the Resolv…

Elon Musk unveils Terafab in bid to unlock massive AI compute in space

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Elon Musk has revealed Terafab, a hyper-scale chip production factory aimed at unlocking massive AI compute and ultimately supporting space-based infrastructure and human expansion beyond Earth. Tesla, SpaceX, and xAI, now part of Musk’s aerospace company, are jointly developing the project. Their goal is to produce one terawatt of computing each year, roughly 50 times the current global output of AI chips. “The way to actually scale civilization is to scale power in space…because we actually capture such a tiny amount of the sun’s energy on Earth,” Musk said in…

Nevada Judge Blocks Kalshi From Operating in State

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A Nevada judge has temporarily blocked Kalshi from operating in the state, finding that state authorities are reasonably likely to prevail in a legal fight over whether the company’s event contracts violate Nevada gambling laws. Carson City District Court Judge Jason Woodbury issued a temporary restraining order on Friday, siding with a Nevada Gaming Control Board motion to block Kalshi from operating in the state for 14 days. “Prediction markets, to ​the extent they facilitate unlicensed gambling, are illegal in Nevada, and we have a statutory duty to protect the…

CFTC Staff Share FAQ on Crypto Collateral

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The US Commodity Futures Trading Commission has given more details on its expectations for the use of crypto as collateral amid a pilot program that the agency launched last year. In a notice on Friday, the CFTC’s Market Participants Division and Division of Clearing and Risk responded to frequently asked questions that emerged from two staff letters issued in December that established a pilot allowing crypto to be used as collateral in derivatives markets. The notice reminded futures commission merchants wanting to take part in the pilot that they must…