Open USD takes on Tether, Circle with a different stablecoin model that's 'building money'
The “overwhelming majority” of Open Standard’s equity will be distributed over time to partners based on how much they help grow the stablecoin, CEO Zach…
Bitget CEO ‘not very optimistic’ on recovering funds from $388M breach
Gracy Chen said she saw the 2025 Bybit hack as a “good reference point” for Bitget’s security breach, noting that only a small percentage of funds had been…
Bitget CEO says $388M hack exploited third-party security vulnerability
Some stolen assets have been frozen, but Bitget has yet to disclose how much has been recovered as investigators continue to assess a possible North Korea…
MongoDB’s stock is down more than 20% as CEO decamps to Meta
Meta is creating an enterprise platform business that aims to make it easier for developers to use its products. CJ Desai, formerly of MongoDB, will head up…
Kraken’s parent Payward is betting billions on becoming financial infrastructure, not just a crypto exchange
Kraken parent Payward is unifying trading, payments, asset management and institutional services on common rails, coCEO Arjun Sethi said. Source：CoinDesk
Ex-CFTC leader to leave Blockchain Association after CLARITY vote fails
Former CFTC Commissioner Summer Mersinger joined the Blockchain Association in 2025 after resigning during her second term at the federal commodities…
Blockchain Association sees leadership shift shortly after crypto Clarity Act fizzles
The trade group will be run again by its original CEO, Kristin Smith, when Summer Mersinger leaves at the end of a long congressional tussle. Source：CoinDesk
KelpDAO sues LayerZero, CEO over $292M rsETH bridge exploit
KelpDAO says LayerZero endorsed its bridge setup before the attack, while CEO Bryan Pellegrino has dismissed the lawsuit as meritless. Source：Cointelegraph
Bitget's $352 million hack happened via spoofed transfers, not private keys, CEO Gray Chen says
Bitget lost $351.6 million after attackers compromised a wallet backend, spoofed transaction data, Chen said on X. Source：CoinDesk
Bitget CEO suspects North Korea behind $352M hack, citing IP clues
Bitget CEO Gracy Chen said a preliminary investigation found IP addresses matching VPN choices associated with a DPRK hacking group. Source：Cointelegraph
Crypto exchange Bitget loses $352 million in hack, claims user funds are 'safe'
Bitget CEO Gracy Chen announced the hack shortly after independent researchers flagged unusual wallet movements. Source：CoinDesk
European stablecoin issuer Qivalis sees transformation of global trade finance
JanOliver Sell, the CEO and founder of Qivalis, said the entire trade finance supply chain is moving into stablecoins. Source：CoinDesk