Senators Release Stablecoin Yield Compromise, Clearing a Path for the Clarity Act
Tillis and Alsobrooks unveil Clarity Act text barring interest-like stablecoin yield while allowing activity rewards, and crypto groups push for a markup.
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Author: Geoffrey McCabe
Tether Freezes $344 Million in USDT as Treasury Links Wallets to Iran
Tether froze $344 million in USDT on Tron at U.S. request, and Treasury Secretary Bessent tied the sanctioned wallets to Iran amid the Hormuz standoff.
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Kelp DAO Loses $292 Million in rsETH Bridge Attack as LayerZero Points to Setup
An attacker drained 116,500 rsETH from Kelp DAO’s LayerZero bridge, forcing Aave to freeze markets. LayerZero blames a single-verifier setup.
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