Lagarde Blocks Euro Stablecoin Push, Calls $300B Market a Stability Risk for ECB Policy – Bitcoin News
Key TakeawaysECB President Lagarde called euro-denominated stablecoins a financial stability risk on May 8, 2026.Lagarde mentioned that USDC depegged to $0.877 during SVB’s 2023 collapse, exposing $3.3 billion in Circle reserves.The ECB’s Pontes project launches in...
Kraken Parent Payward Targets OCC Charter to Unlock Institutional Digital Asset Custody
Key TakeawaysPayward, the parent company of Kraken, filed an OCC application to establish a national trust company for institutional digital asset custody.The proposed Payward National Trust Company would complement Kraken Financial, which holds a Federal Reserve...
Layerzero Discloses RPC Poisoning Incident Linked to $292M KelpDAO Hack
Key TakeawaysLazarus Group attacked Layerzero Labs internal RPCs and poisoned data sources in order to attack the KelpDAO DeFi project.The security breach impacted 0.14% of applications and roughly 0.36% of asset value associated with Layerzero.Layerzero Labs is...
Judge Clears $71M ETH Transfer to Aave as rsETH Recovery Enters Final Phase – Bitcoin News
Judge Garnett cleared 30,765 ETH ($71M) for transfer to Aave’s wallet on May 9, 2026.The April 18 KelpDAO exploit saw attackers borrow $230M in ETH using unbacked rsETH collateral.Aave’s ETH LTV ratios are returning to normal as rsETH bridge recapitalization begins....Interesting 13
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