News linked to both this project and an event.
Odaily News, August 1: trade.xyz has announced the completion of compensation distribution for the Hynix contract pricing anomaly event that occurred on July 27. Users will receive their corresponding USDC compensation without any additional action required.According to the announcement, compensation amounts are calculated based on a reference price of $1,115.5. Users with compensation under 10,000 USDC will receive the full amount directly; for amounts exceeding that threshold, an initial distribution of 9,999 USDC will be issued, and users must contact support to complete due diligence before August 15 to claim the remaining balance.At 23:01 UTC on July 27, the marked price of the SK Hynix token on trade.xyz briefly dropped from $1,127.9 to $917.25, triggering forced liquidations across numerous long positions.
Uniswap partners with decentralized lending protocol Morpho to launch yield product Earn, enabling users to directly deposit USDC, USDT, and ETH to earn on-chain yield while keeping assets non-custodial.
Circle 宣布，纽约州金融服务部已向其旗下 Circle Internet Trust Company 授予有限目的信托牌照。该牌照进一步加强了 Circle 的合规与监管框架，也为 USDC 纳入更明确、受认可的监管体系提供支持。Circle 表示，此举体现了其长期以来在安全、透明和合规方面的投入。
According to BIT Official Chinese (@BITofficial_CN) analysis, the current crypto market faces dual pressure from the Federal Reserve's hawkish stance and the slowed progress of the CLARITY Act. Federal Reserve Chair Kevin Warsh maintains a hawkish stance; the 2-year US Treasury yield has risen cumulatively by approximately 35 basis points since late January, and the Committee has seen a pattern of 9 votes to maintain interest rates and 3 votes supporting rate hikes. Regarding the CLARITY Act, prediction markets indicate a mere 32% probability of it being signed by the end of 2026, with the legislative window continuing to narrow. Meanwhile, crypto market trading volume has retreated 80% from highs, total market cap has fallen approximately 50%, and USDT and USDC have shown no significant expansion since November 2025, reflecting an overall lack of new USD liquidity in the market. Despite this, Bitcoin remains within the $62,000 to $66,000 range, correcting only about 3% over the past week. It demonstrates stronger resilience compared to most altcoins, reflecting that active position adjustment pressure has been largely released. BIT points out that if Bitcoin subsequently regains $70,000 and drives multiple indicators to turn bullish, it will further confirm that the low point of this cycle has been established.
Visa CEO Ryan McInerney stated during the earnings call that Visa's role in the stablecoin space is not to pick winners, but to help clients securely and scalably connect to the stablecoin ecosystem.Last month, Visa joined forces with over 140 companies, including Stripe, Mastercard, BlackRock, and Coinbase, to support Open Standard, which plans to launch the stablecoin Open USD (OUSD) later this year. Following the announcement, market speculation arose that OUSD could challenge Tether's USDT and Circle's USDC.When asked whether Visa views OUSD as a competitor to USDT and USDC, McInerney said that Visa will maintain a "multi-currency, multi-chain" strategy going forward and will not bet on a single stablecoin, network, or infrastructure.He stated that Visa's goal is to support clients in accessing the stablecoin ecosystem, regardless of which stablecoin, network, or underlying infrastructure is ultimately adopted.Ark Invest analyzed that Visa is clearly interested in Open USD, but this does not necessarily mean it views OUSD as an exclusive strategic bet. Overall, Visa appears to be keeping its participation open at the stablecoin infrastructure level, rather than directly aligning with a specific stablecoin issuer.
Odaily News: BIND Group, a bank holding group managing over $2 billion in assets, is developing a stablecoin pegged to the Argentine peso through its virtual asset service provider BEN, offering programmable money services to institutions. BIND Group has also announced a partnership with Circle to provide institutional-grade payment and treasury management services for BEN clients that meet local regulatory requirements. Petersen Group is also advancing a second peso-pegged stablecoin initiative through a subsidiary, with support from crypto-as-a-service company Lirium. The product, named DIPE, has already published a whitepaper; Lirium provides related solutions for Banco Galicia and Brubank. The above projects are being pursued by companies supported by banking groups, rather than being directly offered by the banking groups themselves. The Central Bank of Argentina has prohibited private banks from offering crypto-related services to clients since May 2022. These products are primarily aimed at institutional use cases, including treasury management, payments triggered by on-chain events, and secured credit management. In March, Argentina's securities regulator classified the peso-pegged stablecoin ARGT as a security, noting that it had not been issued in compliance with regulations.
Bitget 质押借币板块新增支持 38 支股票代币（rToken）作为抵押资产，累计支持数量达 103 支。本次新增标的包括 rIBM、rTQQQ、rNOK 等热门美股与 ETF，覆盖科技、消费、金融等多元板块。持有相关股票代币的用户现可将其作为抵押物借入 USDT、USDC 等主流资产及 100+ 种加密资产，在不卖出持仓的情况下释放资金流动性。具体抵押参数可参阅 Bitget 官方平台。 据悉，以字母 r + 股票代码（如英伟达为 rNVDA）为标识的 rToken，由 Bitget 旗下持牌 RWA 协议 Reality 发行，通过与合规券商 Alpaca 合作直连纳斯达克、纽交所等全球流动性池。其特点包括：底层资产 1:1 储备并由持牌托管机构托管、股票股息以代币形式 1:1 派发、支持公司行为（拆合股等）同步映射，且持仓可作为统一账户及 U 本位合约的联合保证金，让用户在持有全球股票资产的同时，仍能灵活管理资金。
According to official announcements, Coinbase has added USDC-BRL support for Brazilian users. The trading pair will be available on Coinbase Exchange at launch and will gradually expand to the Coinbase website, Coinbase app, and Coinbase Advanced.
Odaily news, Samsung announced at the 2026 Galaxy Unpacked event that Samsung Wallet will support stablecoins, expanding from cash and savings to include new digital value forms such as stablecoins. A demo screen showed the wallet app holding Circle’s USDC, but Samsung did not mention USDC or USDT as partners for the initiative. Samsung product manager Lee Dinham stated that Samsung Wallet will become the financial ecosystem foundation connecting Galaxy devices and services, integrating payments, rewards, and digital assets into a single experience. Samsung also unveiled its first credit card, the Samsung Galaxy Card, offering users 5% cash back on eligible spending at brand stores and other qualifying merchants. Samsung previously introduced an embedded cryptocurrency wallet in the 2019 Galaxy S10 series, adopting a hardware-supported security solution. In October of this year, Samsung announced the integration of Coinbase's subscription service, Coinbase One, into Samsung Wallet in the US.
According to SlowMist monitoring, the decentralized finance protocol Lien Finance suffered an attack. The attacker exploited a smart contract vulnerability to mint unbacked bond tokens and stole approximately $542,000 worth of USDC. Leveraging this vulnerability, the attacker successfully minted new, non-anomalous BondTokens without burning the corresponding input bonds. Subsequently, the attacker exchanged the tokens for USDC via a pre-authorized address, ultimately transferring approximately 542,144.63 USDC from the victim's address. Analysis indicates that the incident was essentially caused by a verification flaw in the bond token exchange logic, which allowed the attacker to bypass asset collateral constraints and mint unsupported assets.
According to on-chain analyst Yu Jin's monitoring, the MakerDAO initial team/investor address (claim address 0x74B...F0E, sell address 0xE26...7dc) sold 1,050 MKR that had been held for 10 years 20 minutes ago, swapping them for 1.316 million USDC and transferring the funds to Kraken. This address claimed the 1,050 MKR in April 2016. Since then, aside from the MKR token upgrade migration in 2018, the relevant MKR had remained unmoved.
Odaily News Bitwise released its "Q3 2026 Staking Report," showing that 40.2 million ETH has now been staked, accounting for 33% of the total ETH supply, a new all-time high. The increase in staking this year has primarily come from institutions, including staking ETFs, corporate treasuries, and other large holders. The report also indicates that the staking rates for the networks covered by Bitwise remain high, with Solana at 68%, Near at 45%, Hyperliquid at 44%, and Avalanche at 41%.Additionally, Ethereum’s throughput increased by 73% year-over-year, while Avalanche’s transaction volume reached four times that of the same period last year. Recently, Coinbase and Circle also staked 500,000 HYPE each on Hyperliquid, signaling that institutional staking is expanding to more emerging PoS networks.
Odaily AI infrastructure project Vanar has announced its migration to the Base network. The positioning of the VANRY token will shift from supporting blockchain infrastructure to coordinating and incentivizing the AI Organizations ecosystem.Vanar stated that it is building an AI Organization economic system, enabling functions such as product development, service delivery, order processing, USDC settlement, and reputation recording through organization-level AI agents. The team believes that the core bottleneck for future AI development will shift from model capabilities to identity, trust, memory, and organizational structure.Regarding the token migration, existing VANRY holders will migrate at a 1:1 ratio, meaning their holdings will not change. However, the total supply will increase from 2.4 billion to 10 billion tokens to support incentives for the AI Organizations ecosystem, developers, partners, and infrastructure development.According to the official statement, 62% of the total supply will remain locked initially. Newly allocated tokens will adopt a lock-up and 60-month linear release mechanism, with the full release cycle expected to be 5 years.Additionally, Vanar will terminate the validator node staking mechanism on Vanarchain and integrate its infrastructure into the Base network. The team plans to launch the Vanar Genesis event on August 3rd, where the first batch of AI Organizations will go live, alongside a reward pool of 100 million VANRY tokens to incentivize high-performing ecosystem projects.
Bitget launches a USDT wealth management event from July 23 to August 6. During the event, users whose net deposit amount reaches the specified threshold can subscribe to USDT flexible wealth management products in the "Simple Earn" section and enjoy corresponding tiered annualized yields, up to 8.5% APR. Eligible net deposit currencies include USDT, USDC, USDGO, and U. For details, please refer to the official Bitget platform.
According to official announcements, Ondo Perps has now launched a dual reward mechanism: on one hand, traders can share a portion of the USDC reward pool by inviting new users, and their own trading volume also counts towards this reward pool; on the other hand, every trade will also simultaneously earn Ondo Points based on trading volume and Open Interest.
Mizuho analysts stated that if the U.S. crypto market structure bill, the "Clarity Act," is passed, while it may generally benefit the digital asset industry, the long-term impact on Circle could be negative. The reason is that regulatory clarity will attract more large institutions into the stablecoin market, further accelerating stablecoin commodification and eroding the revenue potential of Circle's USDC.Mizuho believes that the primary pressure Circle faces in the near term comes from Open USD. This stablecoin project is backed by a coalition of over 140 financial, technology, and crypto companies, with members including Visa, Mastercard, Stripe, BlackRock, and Coinbase. Unlike Circle's model, which retains approximately 38% of USDC reserve yields, Open USD employs a "pass-through" model, distributing nearly all reserve yields to distribution partners while retaining only a small management fee.Analysts also noted that Coinbase, as the largest distributor of USDC, also supports Open USD. This could give Coinbase stronger bargaining power when renegotiating its revenue-sharing agreement with Circle in the future. The distribution agreement between the two parties could be up for renegotiation as early as next month.
According to official sources, the annualized yield from minting Gate GUSD has reached 3.8%. As a yield-bearing stable asset backed by US Treasury RWA and stablecoin assets, GUSD provides stable returns while allowing users to participate in diverse ecosystem scenarios such as Launchpool and Pre-IPOs, enhancing the efficiency of idle capital utilization. Currently, Gate's 367th ANTFUN Launchpool is ongoing. Users can stake GUSD to share in rewards of 3,756,574 ANTFUN tokens. When combining the staking yield from the GUSD pool with its minting returns, the current estimated annualized yield reaches 8.56%.Furthermore, Gate has launched a lossless, instant redemption feature for GUSD. Users who mint GUSD via USDT, USDC, or USD1 can, within the available quota for lossless exit of the corresponding currency, enjoy a 1:1 real-time deposit in the original currency and be exempt from redemption fees. This feature balances yield generation with flexible capital allocation.
GoPlus Security issued a security alert stating that a user signed a malicious Permit transaction 183 days ago, resulting in approximately $1,625 worth of USDC being transferred by phishing attackers. Since the user did not revoke the relevant authorization thereafter, attackers exploited this authorization again to transfer approximately $75,780 worth of USDC.
TownSquare, an institutional yield and cross-chain lending brokerage service infrastructure, announced the official launch of its ICO public sale. This public sale is technically supported by the Echo Sonar platform from the Coinbase ecosystem. The valuation is divided into two tiers: a $150 million valuation based on a 6-month lock-up, and a $200 million valuation with no lock-up and full release at TGE, with a fundraising cap of $1 million. Currently, 30 minutes into the public sale, over $200,000 has been raised. According to data, most users chose the second tier with the $200 million valuation. This public sale is the first project based on the Monad ecosystem on Sonar, supporting USDC and USDT0 tokens on Monad. Previously, TownSquare completed a total of 3 rounds of financing totaling $16.25 million, with participation from World Liberty Financial, Auros Ventures, Amber Group, Animoca Ventures, OKX Ventures, as well as angel investors and institutions from ecosystems such as Monad, a16z, etc. It is projected that the previous valuation is comparable to this ICO valuation. TownSquare Sonar Public Sale Registration: townsq.xyz/sale
the cross-chain protocol Allbridge has issued an official statement confirming that an attacker has withdrawn approximately $1.65 million in assets from the Allbridge Core liquidity pool. A detailed analysis of the incident is currently being compiled, and the full investigation results will be published subsequently. The team emphasizes that there is no further risk to current user liquidity and that the Allbridge Next service is operating normally.In response to this incident, Allbridge plans to relaunch the Core version but will remove the liquidity pool design. Future cross-chain transfers will be facilitated via Circle CCTP and the LayerZero router to eliminate the risk of liquidity pool imbalance and the model vulnerabilities exploited in this attack. This incident has accelerated the previously initiated migration plan to fully transition to the more secure new infrastructure, Allbridge Next. According to the plan, Allbridge Core and Allbridge Classic will cease operations in their current form within the next three months, and users are advised to withdraw their relevant liquidity in advance.It is understood that this attack has exposed the risks inherent in the traditional cross-chain liquidity pool model and has further driven the protocol's transition towards a cross-chain architecture based on message passing and native asset transfer.