US Treasury Secretary Scott Bessent sharply criticized Senator Elizabeth Warren for misunderstanding the US intervention to support the Japanese yen, clarifying that Japan owes no money to the Treasury. Warren had questioned the Treasury's sale of euros to buy yen after the yen hit a 40-year low, but Bessent defended the move as necessary to stabilize markets and protect US economic interests. Despite his strong rebuttal, Bessent did not disclose key details such as the amount of yen purchased or the current value of the position. This intervention was the first coordinated US-Japan effort to strengthen the yen since 1998, with Japan spending a record amount to support its currency. The exchange highlights tensions between Treasury officials and lawmakers over transparency and economic strategy.
Switchboard, a multi-chain oracle protocol, stopped operations on Aptos, Sui, IOTA, and Movement networks after detecting a security breach involving a compromised oracle key on IOTA. This breach allowed an attacker to inflate IOTA's price to $10 mil...
Spot Ripple ETFs have recorded nine consecutive days of inflows totaling $157 million this month, indicating strong investor interest despite XRP's price dropping over 8.5% to around $1.38. Whale investors remain divided, with some holding long posit...
Zcash has surged about 19 times in value over the past year but still holds less than 1% of Bitcoin's market capitalization. Grayscale highlights Zcash's financial privacy, cybersecurity developments, and cross-chain capabilities as key factors that ...
The crypto market sentiment has shifted from prolonged fear to greed, with Bitcoin rallying above $80,000 and the Crypto Fear and Greed Index reaching 68. This shift was influenced by factors such as a White House meeting supporting crypto legislatio...
Polygon Labs patched two security vulnerabilities through the Austin and Kyoto hard forks activated on August 29, 2026. These upgrades addressed denial-of-service and resource exhaustion risks in the Bor execution client and Heimdall consensus client...
