1 Minute Letter _ Flow halts network after bug lets hacker counterfeit assets
Flow details December exploit that led to $3.9M in losses due to counterfeit tokens _ A protocol-level flaw allowed assets to be duplicated rather than minted, prompting a network halt and a governance-led recovery process.
Jupiter launches JupUSD stablecoin backed by
#blackRock ’s BUIDL fund _ The Solana-native token is backed by USDtb and USDC and is designed to serve as a settlement asset across Jupiter’s DeFi stack.
#US crypto market structure bill may be delayed until 2027: Report _ The midterm elections in November may cause some Senate Democrats to withhold support for the Responsible Financial Innovation Act due to conflict of interest concerns.
Bitcoin liquidation data points to ‘absurd’ potential rally to $100K:
#analyst _ Bitcoin’s liquidation map is still heavily biased toward downside liquidity, but a swift rally to $100,000 could quickly turn the tables in the bulls’ favor.
#iran ’s currency collapse shows why Bitcoin is seen as an exit option _ As Iran’s rial hits record lows, Bitcoin is resurfacing in public discourse. Its decentralized design is often cited as a contrast to state-managed fiat currencies.
Source: Binance News / Bitdegree / Coindesk / Coinmarketcap /
#Cointelegraph / Decrypt
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