DeFi News page 7

The company's latest purchase puts it at roughly 97% of its previously announced Ethereum accumulation goal. BitMine's Ethereum holdings have reached approximately 5.85 million ETH, according to figures reported this week. The latest addition to its treasury brings the firm within striking distance of a self-stated accumulation target.

Dollar-pegged tokens have become a quiet escape valve for capital in inflation-hit economies, raising the question of whether that flow can ever reverse. Stablecoins have quietly reshaped how money moves in and out of Latin America. Tokens pegged to the U.S.

Analysts say Circle's growth story does not depend on passage of the stablecoin market structure bill. Bernstein has restated its $140 price target for Circle, the company behind the USDC stablecoin, according to reporting from crypto.news and The Block.

A power dispute has cut electricity to Tether-linked bitcoin mining sites worth roughly $120 million in Uruguay. Tether's bitcoin mining business in Uruguay has run into a serious setback. Reports indicate a dispute over power supply led to electricity being cut to mining sites valued at roughly $120 million.

Paolo Ardoino points to growing use of the dollar-pegged stablecoin in economies facing currency instability. Tether CEO Paolo Ardoino said adoption of the company's USDT stablecoin is increasing across four countries, according to a report from crypto.news.

The Ethereum lending protocol was drained after an attacker reportedly acquired governance votes for as little as 2 ETH. Term Finance, a lending protocol built on Ethereum, has suffered an $8.5 million loss. CoinDesk and CryptoBriefing both reported the incident on August 24, 2026, describing it as a governance-based attack rather than a traditional smart…

Japanese financial giant SBI joins investors funding Fasset's push into stablecoin-based payments Fasset, a neobank built around stablecoin infrastructure, has reached a $1 billion valuation. The milestone follows an investment from SBI Group, the Japanese financial conglomerate known for its diversified holdings across banking, brokerage, and crypto ventures.

Attackers reportedly drained Ethereum-based vaults after manipulating protocol governance controls. A decentralized finance lending protocol has lost an estimated $8.5 million in a governance exploit, according to multiple reports published this week. The attack drained vaults built on Ethereum, marking one of the more notable DeFi security incidents of the year.

AMBCrypto's weekly market review places the memecoin, the pump.fun token, World Liberty Financial and exchange HTX among the week's notable movers. AMBCrypto's latest weekly market review highlighted four names that stood out among crypto's winners and losers: PEPE, PUMP, WLFI and HTX.

ARK Invest's founder says Wall Street analysts do not understand the stablecoin issuer's business model. Cathie Wood has kept buying Circle shares through a steep decline, according to reports from BeInCrypto and Yahoo Finance. The stock has dropped 42% from earlier levels this year.

Bessent has criticized his predecessor's debt-issuance strategy while outlining plans to change how the Treasury manages the bond market. Treasury Secretary Scott Bessent has publicly criticized the debt-management strategy pursued by his predecessor at the department. According to a report from CryptoBriefing, Bessent is now targeting broader reforms to how the U.S. bond market functions.

The Wyoming senator says banking industry pressure is slowing the crypto market structure bill's path through Congress. Senator Cynthia Lummis has publicly accused banks of interfering with progress on the CLARITY Act, according to reports from CryptoBriefing and The Cryptonomist.

A governance exploit let the attacker take command of vault operations, draining an estimated $8.5 million. Term Labs suffered an estimated $8.5 million loss on August 23 after an attacker exploited a flaw in its governance system.

The platform says the impact was limited to its own funds, not customer holdings, following the disruption. HumidiFi, a trading platform operating on the Solana blockchain, halted trading activity following what it described as an internal network incident. The disruption affected funds held on the platform, prompting an immediate suspension of trading operations.

The metaverse project says the incident has been controlled after unauthorized tokens appeared on two chains. The Sandbox, the blockchain-based virtual world platform, has confirmed that it contained a bridge exploit affecting its native SAND token.

Three stories today carry an actual mechanism for moving price before markets open; the rest is context. Three stories today carry an actual mechanism for moving price before markets open; the rest is context.

Treasury's new deadline on offshore stablecoin access to US customers adds urgency to industry preparations. Telcoin's president has told crypto.news that stablecoin issuers face a significant operational test before 2027. The statement comes as US regulators sharpen their focus on how digital dollar tokens are issued, backed, and distributed.

Metaverse platform The Sandbox is investigating an incident that saw an unauthorized batch of its SAND token created on Coinbase's Base network. The Sandbox, a blockchain-based virtual world platform known for its SAND token and NFT land parcels, is dealing with a reported security breach.