Month: March 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…

Brazil’s New Finance Minister Puts Crypto Tax Policy on Pause: Report

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Brazil’s Finance Minister, Dario Durigan, is putting crypto tax policy on the back burner until after the country’s presidential elections in October 2026 to avoid pushing for “divisive” tax changes during an election year.  Regulators and government officials originally slated a public consultation on crypto tax policy for later this year, which may be delayed until 2027, but still “remains on the radar,” sources familiar with the matter told Reuters. Brazil ended its no tax policy on gains from smaller cryptocurrency sales or transfers in June 2025, shifting to a…

OpenAI targets 8,000 staff as AI competition heats up

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OpenAI plans to almost double its workforce to about 8,000 employees by year’s end as it ramps up its enterprise strategy and catches up with rivals, the Financial Times reported Saturday. Hiring will span engineering, research, product, sales, and customer-focused deployment roles designed to increase business adoption of its tools. The expansion comes as Sam Altman’s company accelerates efforts to strengthen enterprise revenues and respond to growing pressure from rivals such as Anthropic and Google across both the enterprise and consumer AI markets. Anthropic, OpenAI’s closest rival in enterprise AI,…

SEC Crypto Guidance Is a Major Step, but More Is Needed: Analyst

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The recent guidance from the United States Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission establishing a taxonomy for digital assets put a “final nail” in the coffin of SEC policy under former Chairman Gary Gensler, according to Alex Thorn, the head of firmwide research at investment firm Galaxy. The SEC guidance, published on Tuesday, established a taxonomy for digital assets, dividing them into five categories, including digital commodities, digital collectibles like non-fungible tokens (NFTs), digital tools, stablecoins, and tokenized securities.  The SEC guidance published on Tuesday…

Bitcoin Options Flag Traders’ Fear As Iran War Carries On

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Key takeaways: Bitcoin traders are turning cautious as high oil prices and Middle East tensions fuel inflation and stall US interest rate cuts. The $254 million in spot Bitcoin ETF outflows is too small to confirm a bearish flip, yet options markets show heavy hedging. Bitcoin (BTC) price stagnated near $70,000 during the Friday trading session after failing to reclaim the $75,000 level on Tuesday. The decline marked two days of net outflows from US-listed Bitcoin spot exchange-traded funds (ETFs), reversing the trend from the prior seven days. Traders are…

Ethereum Eyes 25% Rally as Top ETH Whales Return to ‘Profitable State’

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Ethereum’s native token, Ether (ETH), may rise by around 25% in the coming months as its richest whale group becomes profitable for the first time since early February. Key takeaways: ETH gained 25% in three months and 50% in six months on average after top whales returned to profit in past cycles. Ether could rally above $2,750 by June if the on-chain whale metric signal plays out. Whale metric signals ETH is bottoming already The unrealized profit ratio of wallets holding more than 100,000 ETH has flipped back above zero,…

Worldcoin reportedly sells 117 million WLD through OTC deals

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Worldcoin, the digital identity and token distribution project co-founded by Sam Altman in 2019, appears to have offloaded 117 million WLD tokens worth about $39 million through over-the-counter sales, according to Lookonchain. Worldcoin appears to have sold 117M $WLD($38.7M) via OTC. Today, Worldcoin deposited 117M $WLD($38.7M) to #Binance and #FalconX, and then received 35M $USDC.https://t.co/k7ewApTkoO pic.twitter.com/8ZR0OIvgTB — Lookonchain (@lookonchain) March 21, 2026 The tokens went to Binance and FalconX, an institutional prime brokerage that handles large-block trades for hedge funds and asset managers. On-chain data shows the project received approximately…