Saga pauses chainlet after $7M exploit that depegged its stablecoin
Saga’s US dollar-pegged stablecoin has dropped to $0.75, while the protocol's total value locked has fallen by around 55% over the past 24 hours.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Saga’s US dollar-pegged stablecoin has dropped to $0.75, while the protocol's total value locked has fallen by around 55% over the past 24 hours.
Why this matters
This maps to the Stablecoins hub, so it can help confirm whether that theme is gaining breadth across the crypto news cycle.
Original source
Read on CointelegraphRelated market context
NEAR Protocol’s Intents total value locked reaches $169M after 77% monthly surge
The surge in NEAR Intents' TVL highlights growing cross-chain demand, but also raises concerns about increased risk exposure acros...
S&P Global Agrees To Acquire Smart Contract Security Firm OpenZeppelin
TL;DR S&P Global has agreed to acquire OpenZeppelin. OpenZeppelin is one of the best-known smart contract security and auditing fi...
EU staking review threatens crypto yields and network security could pay the price
Some of the most consequential financial rules begin with surprisingly little text. For example, on page 36 of the European Commis...
S&P Global to Acquire OpenZeppelin in Crypto Infrastructure Expanding Effort
Key Takeaways: S&P Global has agreed to acquire OpenZeppelin to boost its crypto and onchain risk capabilities. Over $37 trillion...
Apple and Google are hiring stablecoin experts as Big Tech eyes crypto payments
Big Tech's focus on stablecoins signals a shift towards integrating blockchain in mainstream finance, potentially reshaping global...
Ethereum leads euro stablecoin market cap growth with $32M increase
Ethereum's dominance in euro stablecoins highlights its pivotal role in shaping regulatory-compliant digital finance, impacting ma...