Everything web3, crypto, defi, degen
September 26, 2025 | Asset Listings We’re thrilled to announce that Kraken now supports deposits and withdrawals of USD1 (USD1) on Tron! Funding USD1 funding via Tron is already live. You can transfer USD1 to your Kraken account by navigating to Funding, selecting USD1 and choosing the desired deposit method (network) from the drop-down box,…
In brief $3.6 million has been sent from yield farming platform Hypervault Finance to crypto mixer Tornado Cash in an “abnormal withdrawal.” The funds were bridged to the Ethereum chain before being sent to Tornado Cash, according to reports from blockchain security firms. Hypervault’s social media and website remain inaccessible following the incident. Some $3.6…
In brief Decentralized exchange Aster has refunded users who lost funds due to “abnormal price movements” on the recently debuted XPL token. It is believed that the pricing error came as a result of a “hardcoded” index price and capped mark price, which when removed prompted a big spike in XPL’s valuation. Aster’s token has…
In brief A Circle executive said the company is considering whether to enable reversible USDC transactions. The move would potentially boost the usefulness of stablecoins by traditional finance players. However, it also goes against the crypto ethos of immutability. Publicly traded stablecoin issuer Circle is exploring the possibility of reversible transactions involving its dollar-backed stablecoin,…
Publicly traded cloud infrastructure firm Cloudflare—which powers a significant chunk of internet traffic—is launching a U.S. dollar-backed stablecoin, the NET Dollar, to help propel the future of AI-driven finance on the internet, the firm announced on Thursday. Like other stablecoins, Cloudflare’s version will offer near-instant transactions globally. The firm also highlighted its use in rewarding creators…
In brief Plasma, a stablecoin-focused layer-1 blockchain, has hit “mainnet beta” with its XPL token debuting alongside it. XRP buyers from the initial coin offering earlier this year are up massively. Additionally, people who made deposits towards the pre-sale were handed free tokens, even if they didn’t ultimately buy XPL. Stablecoin blockchain Plasma launched its…
In brief South Korea’s ruling Democratic Party has established a Digital Asset Task Force to draft comprehensive stablecoin and crypto legislation. The task force aims to enact digital asset laws during this year’s regular and year-end National Assembly proceedings. The country faces mounting pressure over capital flight, with $40.6 billion in digital assets transferred abroad…
In brief $442 million worth of crypto liquidations have been recorded over the past 24 hours, most which were long positions. It comes as the majority of the crypto market is in the red, with major coins including Bitcoin, Ethereum, and Solana down on the day. Only four non-stablecoins are in the green over the…
In brief South Korean internet giant Naver is in talks over a share swap with Upbit operator Dunamu. Naver’s filing confirmed talks on a share exchange and stablecoin projects were taking place, but said no terms are finalized. The move builds on a July KRW stablecoin plan with Dunamu, ahead of new legislation expected in…
In brief The Asia-Pacific region—led by India, Pakistan, and Vietnam—had the biggest increase in crypto transaction volume, a new Chainalysis report shows. Volume in the region shot up from $1.4 trillion to $2.36 trillion. Latin America wasn’t far behind in adoption. The Asia-Pacific is the fastest growing region for crypto adoption, research released Wednesday by…
