Wyoming Launches Visa-Backed FRNT Stablecoin Across Seven Blockchains
Wyoming has officially launched the Frontier Stable Token (FRNT), becoming the first U.S. state to issue its own stablecoin. Backed by U.S. dollars and short-term Treasury bills , and overcollateralized at 102%, FRNT represents a bold step in digital asset innovation and public finance. The stablecoin is now live on seven major blockchains, including Ethereum, Solana, […]
Pantera Capital Invests $300 Million in Crypto Treasury Firms, Predicts Gains Could Surpass ETFs
Pantera Capital has committed $300 million to a group of fast-growing crypto treasury companies, expressing confidence that their performance could outpace traditional crypto exchange-traded funds (ETFs) and direct token holdings. According to Pantera, these companies, known as Digital Asset Treasuries (DATs), can generate yield through staking and decentralized finance (DeFi) lending. This yield increases their […]
US Authorities Seize $1M and Shut Down Websites Linked to Crypto Ransomware Gang BlackSuit
US law enforcement agencies have dismantled the online infrastructure of the notorious ransomware group BlackSuit, seizing more than $1 million in cryptocurrency linked to the gang’s illicit activities. The takedown is part of a broader effort to combat cybercriminal groups that target businesses, hospitals, and government agencies with ransomware attacks . The Justice Department announced […]
Coinbase Revives Stablecoin Bootstrap Fund to Supercharge USDC Liquidity in DeFi
Coinbase has relaunched its Stablecoin Bootstrap Fund, nearly six years after its first introduction, to boost liquidity for USD Coin (USDC) across the decentralized finance (DeFi) ecosystem. The initiative, led by Coinbase Asset Management, will focus on strengthening USDC’s presence and utility on multiple blockchain networks. The renewed program will initially deploy liquidity into major […]
Do Kwon Faces Jail Time After Admitting Guilt in TerraUSD Collapse
Terraform Labs co-founder Do Kwon has pleaded guilty to two criminal charges in a U.S. federal court, marking a major development in the fallout from the 2022 collapse of the TerraUSD (UST) stablecoin and its sister token, Luna. Appearing before the U.S. District Court for the Southern District of New York, Kwon admitted to conspiracy […]