Houthi rebels attacked two Saudi oil tankers in the Red Sea, the first such strikes since 2019, causing Brent crude oil prices to surge over 7% and surpass $100 per barrel. This escalation follows the collapse of a truce between the Houthis and Saudi Arabia, raising concerns about further supply disruptions in a critical shipping route. Meanwhile, Bitcoin remained stable despite the geopolitical tension, highlighting complex issues around cryptocurrency's use by sanctioned groups, including $900 million in stablecoin flows linked to the Houthis. Investors should watch for potential regulatory responses targeting stablecoins like USDT amid ongoing conflict and sanctions risks.
Tether, the largest stablecoin issuer, faces a $2.9 billion annual fee drain to blockchains it doesn't control, mainly Ethereum and Tron. To reclaim these fees, Tether supports two competing USDT blockchains: Plasma, a DeFi-focused chain with a nativ...
The US federal debt exceeds $39 trillion, but foreign ownership of US Treasuries has dropped from nearly 49% in 2011-2012 to about 30-32% today. Traditional foreign buyers like China are reducing their holdings, while domestic investors and the Feder...
Mubadala Capital, Abu Dhabi's sovereign-linked investment arm, launched a $75 million tokenized version of its Alternative Solutions Fund across three blockchains: Coinbase’s Base, Solana, and Sui. This move makes private market investments more acce...
The Verus-Ethereum Bridge suffered a second security breach in just over two months, with attackers stealing between $7.3 million and $7.5 million in various digital assets. This follows a similar exploit in May that resulted in losses of about $11.6...
Beefy Finance has introduced its Cowcentrated Liquidity Manager (CLM) on Ethereum mainnet, automating the management of concentrated liquidity positions on Uniswap V3 for top trading pairs like AAVE-WETH and UNI-WETH. The CLM pools user deposits, aut...
