Skip to main content

Posts

US CBDC Ban to Start Without Trump Approval in Housing Bill Delay

A bipartisan U.S. housing bill that includes a multi-year ban on the Federal Reserve issuing or creating a central bank digital currency (CBDC) is poised to become law after President Donald Trump declined to sign it. The legislation, the “21st Century ROAD to Housing Act,” had been on Trump’s desk for about 10 days after excluding Sundays—an amount of time that, under the U.S. Constitution, allows it to become law automatically if he does not sign or veto it within the allowed window. Trump canceled a signing ceremony for the measure earlier and reiterated his opposition in a Friday social media post, according to his statement on Truth Social. He said he would not sign the housing bill and urged Senate Republicans to focus instead on the SAVE America Act, a separate voting-related proposal widely criticized for requiring proof of U.S. citizenship in person to register. Key takeaways The “21st Century ROAD to Housing Act” appears set to become law automatically if no signature or ve...
Post a Comment
Read more
Recent posts

Oracle Exploit Wipes $9M From Bonzo Lend on Hedera

A Hedera-based lending protocol, Bonzo Lend, says it suffered losses of about $9 million after an attacker manipulated the price of a low-value collateral token used by the system. The exploit reportedly converted a small deposit into the ability to borrow far more than the collateral was actually worth, draining liquidity from the lending pool. In a preliminary incident report posted Saturday on Bonzo’s website, the protocol described an oracle-driven failure in which the attacker submitted a crafted price update for SAUCE collateral—inflating its reported value by roughly 12 orders of magnitude. With that inflated valuation in place, the attacker then borrowed 6.63 million USDC and 34.5 million wrapped HBAR. Key takeaways Bonzo Lend estimates the incident’s economic impact at about $9 million, triggered by manipulated collateral pricing. The protocol attributes the root cause to Supra’s on-chain oracle verifier accepting an update that carried a zeroed signature. A small initia...
Post a Comment
Read more

Ethereum Up 3% as Tokenization Demand Grows; ETH Eyes $1,800

Ether (ETH) rose roughly 3% from Thursday to Friday, briefly lifting it above broader market performance as activity around tokenization and fresh ecosystem flows gained attention. The latest narrative has been fueled by Robinhood Chain’s early success and continued corporate treasury-style accumulation, but several onchain and derivatives indicators still point to a more cautious backdrop—leaving traders to ask whether ETH can realistically revisit the $1,700 area or whether the bounce fades near resistance around $1,800. Key takeaways Robinhood Chain’s launch has added measurable ETH demand via bridging, reinforcing the tokenization-and-layer-2 growth thesis. Rwa.xyz data places Ethereum at 47% market share in tokenized real-world assets, underscoring its continuing role in RWA issuance. Ethereum’s onchain fundamentals look muted: weekly DApp revenue and active addresses are both down versus earlier in 2026, according to DefiLlama. Perpetual futures funding has cooled, sugges...
Post a Comment
Read more

Real Vision’s Jamie Coutts Says Bitcoin Approaching Late Bear Phase

Bitcoin may be moving into the later part of the current bear market, according to Jamie Coutts, chief crypto analyst at Real Vision. In an interview with Cointelegraph’s Trade Secrets , Coutts said downside momentum appears to be easing, even though he stopped short of declaring the downturn over. He characterized BTC’s current trading behavior around the $63,000 area as a “typical garden-variety bear market,” noting that the price remains roughly 50% below Bitcoin’s October 2025 all-time high of $126,100. Coutts also pointed to a softer volatility regime, saying volatility is down by about 50% compared with the prior market cycle—an indicator he views as potentially signaling a less severe drawdown than earlier bear markets. Key takeaways Real Vision’s Jamie Coutts believes Bitcoin is approaching the “second half” of the bear market, with selling pressure showing early signs of slowing. He highlighted a decline in volatility of roughly 50% versus the previous cycle, which could m...
Post a Comment
Read more

Bonzo Lend Reports $9M Loss After Oracle Exploit on Hedera

A Hedera-based lending protocol, Bonzo Lend, suffered an estimated loss of about $9 million after an attacker exploited a token pricing mechanism used to value collateral. By manipulating the price of SAUCE—submitted through an oracle feed—the attacker was able to borrow funds from Bonzo’s liquidity pool far exceeding the true value of the collateral deposited. In a preliminary incident report posted Saturday, Bonzo said the attacker began by depositing 250 SAUCE, which the protocol described as worth only a few dollars under normal valuation. The attacker then submitted a price update that inflated SAUCE’s reported value by approximately 12 orders of magnitude. With that inflated price in place, the attacker borrowed 6.63 million USDC and 34.5 million wrapped HBAR. Key takeaways Bonzo Lend estimated the economic impact at roughly $9 million after a manipulated SAUCE price enabled over-borrowing. The reported issue was traced to Supra’s on-chain oracle verifier accepting a tampered...
Post a Comment
Read more

Bitcoin Climbs Nearly 10% in July, Yet 2022 Bear-Market Signal Persists

Bitcoin is on track for its strongest July performance in four years, with CoinGlass data putting BTC/USD at roughly a 9.5% gain for the month as of this week. Traders and analysts, however, are warning that the early strength may not mark the start of a sustained uptrend—pointing instead to historical bear-market behavior and seasonal patterns that often temper momentum after mid-summer. In particular, market participants are watching how July develops versus what has typically followed in prior bear cycles. While some are setting price targets for the current bounce, others argue that any upside may be temporary and that volatility could return later as the market moves into August and beyond. Key takeaways CoinGlass data shows BTC/USD up about 9.5% in July, near the strongest monthly performance since 2022. Analysts comparing the current move with 2022 argue that bullish “continuation” calls have historically been premature. Some traders see a near-term range that could suppor...
Post a Comment
Read more

IMF: Stablecoins Could Ease FX Access, But May Intensify Runs

Stablecoins tied to the US dollar can make it easier for people in fixed or tightly managed exchange-rate systems to access foreign currency, but new research from the International Monetary Fund (IMF) warns the same tools may also intensify “runs” on the domestic currency during periods of acute stress. In a working paper titled “Stablecoins and Fragility in Fixed Exchange Rate Regimes” , economist Brandon Joel Tan models how stablecoins can influence parallel foreign-exchange (FX) markets when official dollar access is rationed. The IMF analysis suggests stablecoin prices can become an unusually clear, real-time signal of dollar scarcity—helping users obtain dollars in normal times, while potentially coordinating large sell-offs of local currency when pressure builds. Key takeaways Stablecoins can expand practical access to dollars when banks or official FX channels cannot meet demand, especially in economies with managed exchange rates. Stablecoin pricing may act like a high-fr...
Post a Comment
Read more