A coordinated attack caused the USD1 peg wobble but one exchange holds 93% supply

World Liberty Financial’s stablecoin slipped to $0.994 on Feb. 23, a 0.6% deviation that lasted minutes before recovering. For a token backed one-to-one by dollars and government money market funds, with over $5 billion in circulation and the fifth-largest market share among stablecoins, the wobble wasn’t supposed to happen. But

Brazil cuts Bitcoin miner import duty to zero and companies may plug them into stranded solar next

On Feb. 20, Brazil’s foreign trade council published a technical resolution reducing import duties to zero for a narrow class of hardware: SHA256 Bitcoin miners exceeding 200 terahashes per second with energy efficiency below 20 joules per terahash. Three days later, French state-owned energy giant Engie told Reuters it was

Arizona Senate Advances Bill to Create Digital Assets Reserve Fund

The bill would allow Arizona to hold Bitcoin, XRP, Digibyte, stablecoins, and NFTs in a state-managed crypto reserve. 

Fed Moves to Permanently Drop ‘Reputational Risk’ From Bank Supervision

Supporters say clearer rules are needed to replace informal supervisory pressure, as lawmakers and industry push Congress to settle crypto banking access. 

Terraform Estate Sues Jane Street Over Trades Tied to 2022 Crypto Market Collapse: WSJ

The lawsuit alleges the trading firm positioned itself around undisclosed liquidity shifts as TerraUSD unraveled in 2022. 

Bitcoin’s Slide to $64,000 Is a ‘Macro Shock,’ Not a Market Breakdown

Bitcoin’s 50% drop from its October peak is a macro shock in an overleveraged market, not a broken cycle, experts claim. 
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