Bitcoin, ether, and other cryptocurrencies rallied after former US President Donald Trump expressed support for the crypto sector and urged Congress to pass a supportive bill. The US Treasury's move to increase buybacks of long-term bonds lowered yields, making riskier assets like Bitcoin more attractive. Experts predict Bitcoin could reach $100,000 by the end of 2026, driven by favorable macroeconomic and policy factors. This momentum also triggered significant short liquidations and pushed ether to a three-month high.
Abracadabra has proposed liquidating its decentralized lending protocol, which would result in MIM stablecoin holders recovering only about 4 cents per dollar of debt, reflecting a 96% loss. The proposal estimates recovering $900,000 in assets agains...
Abracadabra DAO is voting on a proposal to close its lending protocol and liquidate the Magic Internet Money (MIM) stablecoin due to $21 million in bad debt causing severe undercollateralization. The stablecoin's backing is now worth less than 4 cent...
Jeonbuk Bank, part of JB Financial Group in South Korea, successfully completed a proof of concept for cross-border remittance using stablecoins on the Solana blockchain. The test involved a private Solana channel to keep transaction details confiden...
Brazil's Central Securities Depository, CSD BR, which manages over BRL 22 trillion in assets, has partnered with Ripple to mirror securities ownership data on the XRP Ledger. This integration involves real fund shares from BTG Pactual, a leading Lati...
Magic Internet Money (MIM), a once-popular DeFi stablecoin from Abracadabra, has lost over 95% of its $1 peg, trading around 4.46 cents as of September 2026. After a sharp decline starting mid-2026 and failed stabilization efforts, Abracadabra now pr...
