JPYC Inc., issuer of Japan's yen-pegged stablecoin, paused new token minting on Ethereum and Polygon after a glitch was found. This coincided with a listing on South Korea's Upbit exchange, causing demand to spike while supply was frozen. As a result, JPYC's price surged to about three times its peg, breaking the usual arbitrage mechanism. JPYC is investigating the issue and has apologized, highlighting risks in multi-chain stablecoin operations when minting is disrupted.
JPYC's recent halt on Ethereum and Polygon issuance reservations follows a notable market snapshot from Pluang. For readers following cryptocurrency trends, here is Pluang's market snapshot as of Sep 17, 2026 20:23 WIB: out of 50 major cryptocurrencies priced on Pluang, 46 rose and 3 fell. Notable movers include UNI at Rp123.975 with an 11.53% increase and a Pluang order activity of 82% Sell / 18% Buy, BAL at Rp16.297 up 11.14%, and SUSHI at Rp3.921 rising 8.69% with 100% Buy activity.
Canada's 5G device market is forecasted to expand from USD 10 billion in 2026 to USD 15.2 billion by 2031, growing at 8.7% annually. Growth is fueled by mid-band spectrum deployment, federal connectivity programs, and rising enterprise adoption of ad...
Freddie Mac reported that the average 30-year fixed mortgage rate fell to 7.32% as of October 22, 2026, down from 7.40% the previous week. This decline offers some relief to prospective homebuyers facing higher borrowing costs compared to last year, ...
Flutter Entertainment, a leading online sports betting and iGaming operator, will release its third quarter 2026 update on November 4 before the US market opens. The company will host a conference call at 8:30 a.m. ET the same day to discuss the resu...
iPower Inc. declared a 1-for-12 reverse stock split effective October 26, 2026, combining every 12 shares into one to increase the stock price. This move aims to keep iPower's shares compliant with Nasdaq's minimum bid price requirements. Post-split,...
U.S. Global Investors has listed its actively managed U.S. Global Technology and Aerospace & Defense ETF (WAR) on Peru's Lima Stock Exchange, marking the first availability of this ETF outside the U.S. This move gives Peruvian investors access to a f...
