MAYAChain halts network after estimated $1.7M exploit
A preliminary analysis says six chained bugs let a 23message transaction drain 48.87 million CACAO, sending the token down nearly 89%. Source:Cointelegraph
Solana leads bitcoin and ether higher while Korean chip stocks slide 7%
Bitcoin held near $64,000 and every major except BNB gained, while Korean semiconductor stocks fell more than 7% and Fed minutes are due at 2 p.m. ET.…
US accounting board FASB proposes conditions for stablecoins as cash equivalents
The FASB said secondarymarket liquidity alone would not be enough, with holders needing direct issuer redemption rights and onetoone liquid reserves.…
Trump holds off on new 50% tariffs for Canadian goods
Here’s what’s going on with the Trump administration’s plan for new tariffs for some Canadian goods. Source:MarketWatch
‘It has to pass’: Andrew Cuomo warns U.S. is falling behind on crypto rules
Former New York Gov. Andrew Cuomo says the CLARITY Act is key to linking crypto and traditional markets. Source:CoinDesk
Cerebras’s stock has been a post-IPO bust. Its comeback hinges on this new chip.
Cerebras is betting that its specialized chips will outpace traditional graphics processing units as AI agents become more widespread. Source:MarketWatch
Robinhood CEO urges U.S. to clear path for tokenized stocks as overseas markets advance
Vlad Tenev says tokenized stocks could bring realtime settlement and 24/7 trading, but U.S. rules remain a hurdle. Source:CoinDesk
Meta is facing its ‘Big Tobacco’ moment — and investors can profit
Even a loss in the landmark youthsafety trial would do little to hurt Mark Zuckerberg’s empire. Source:MarketWatch
U.S. accounting-standards group proposes way to see stablecoins as 'cash equivalent'
The Financial Accounting Standards Board, a nonprofit that governs accounting practices, proposed that certain stablecoins should fit the bill as cashlike.…
SEC proposes new crypto rules in absence of CLARITY Act
The proposed rules from the US securities regulator would provide companies with a safe harbor from tokens being treated as “investment contracts” and certain…
Hidden Valley Ranch dressing may be a victim of this summer’s salad scare
As the cyclospora outbreak has made consumers more cautious about salad purchases, one analyst points to sales declines for Clorox’s Hidden Valley brand.…
FalconX, Interstice Connect Canton to Ethereum, Solana and Robinhood Chain
The noncustodial crosschain swap engine connects Canton’s institutional tokenizedasset markets with liquidity and trading activity across major public…