The post Stablecoins clear $1.79T record settlement – Is market bottom in sight? appeared on BitcoinEthereumNews.com.
The stablecoin narrative is shifting from a liquidity engine toward a utility framework. The logic is simple: As adoption matures, stablecoins are increasingly being integrated into cross-border payments, institutional transfers, DeFi applications, and 24/7 global settlement networks. In essence, the focus is shifting from on-chain liquidity provision toward real-world financial utility. June’s data provides a clear confirmation of this shift. As shown in the chart below, adjusted stablecoin transaction volume reached a record $1.79 trillion during the month, representing a 63% increase from May and a 125% year-over-year surge. This acceleration highlights the growing demand for stablecoins as a settlement layer rather than merely a liquidity mechanism within crypto markets. Source: Allium This transition directly increases the strategic importance of Layer 1 network
The post Summer.fi reveals months-long preparation behind $6M DeFi exploit appeared on BitcoinEthereumNews.com.
Summer.fi has published a detailed post-mortem on the $6.04 million exploit that drained two of its Lazy Summer Protocol USDC vaults. It concludes that the attack was planned months in advance rather than being an opportunistic flash loan exploit. The report says the attacker spent roughly three months accumulating the assets needed to manipulate the protocol. The exploit was executed in a single atomic transaction on July 6. It also argues that the root cause was an operational issue during the offboarding of an old strategy rather than a flaw in the protocol’s smart contracts. Attack exploited incomplete offboarding process According to the post-mortem, the attacker manipulated the net asset value [NAV] of two USDC vaults. Stale-valued Silo vault tokens were donated into an Ark that had been capped during an offboarding process. However, the Ark remained included in the va
Dune data shows Tether's USDT has become crypto’s dominant payments stablecoin while Circle's USDC powers DeFi, highlighting how blockchain choice shapes stablecoin use.
Onchain tranching could reshape DeFi by offering nuanced risk management, attracting institutional capital, and diversifying investment strategies.
The post Onchain tranching is positioning itself as the future of structured finance in DeFi appeared first on Crypto Briefing.
Atkinson's appointment could streamline DeFi liquidity, potentially enhancing capital efficiency and user experience across decentralized platforms.
The post 1inch appoints Holly Atkinson as Chief Product and Technology Officer to drive Aqua launch appeared first on Crypto Briefing.
Coinbase's full trading support for GROVE-USD could enhance liquidity and investor confidence, potentially boosting DeFi adoption and innovation.
The post Coinbase enables full trading for GROVE-USD pair with all order types appeared first on Crypto Briefing.
The post EU Parliament targets DeFi and NFTs in post-MiCA crypto push appeared on BitcoinEthereumNews.com.
EU lawmakers have approved a policy position calling for a review of whether decentralized finance, staking, crypto lending, borrowing and NFTs should be brought more clearly under the European Union’s crypto rulebook after MiCA’s rollout. Summary EU lawmakers want the European Commission to review DeFi, staking, NFTs and crypto lending under MiCA. Parliament’s report does not change the law but outlines priorities for future crypto regulation. Decta data shows MiCA-compliant euro stablecoins grew 128% in market cap over the past year. According to the European Parliament, members on Tuesday adopted the report titled Digital assets – challenges for the competitiveness and integrity of the European Union’s financial system, setting out Parliament’s official position on the next stage of crypto regulation. The paper does not amend the Markets in Crypto-Assets regulation or impose ne
EU lawmakers have approved a policy position calling for a review of whether decentralized finance, staking, crypto lending, borrowing and NFTs should be brought more clearly under the European Union’s crypto rulebook after MiCA’s rollout. According to the European Parliament,…
The post Bitget Wallet Surpasses 100 Million Users as Daily Payments Overtake Trading appeared on BitcoinEthereumNews.com.
Bitget Wallet surpassed 100 million users as daily payment activity overtook trading activity. Bitget Card spending reached $31 million in H1 2026, driven by growth in emerging markets. Bitget Wallet COO says users increasingly treat stablecoins as digital dollars for daily transactions. Bitget Wallet has surpassed 100 million users worldwide amid a significant shift in how people use the platform. For the first time, more users are making daily payments than using the wallet primarily for trading. According to Bitget Wallet, more than half of the wallet’s users are now based in Southeast Asia, South Asia, Africa, and Latin America. In these regions, stablecoins are used to save money, receive salaries, and pay for everyday purchases. Card Payments See Growth Bitget Wallet’s expanding payment ecosystem has also driven strong growth in card usage, as the company sa
