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One bad borrow just nuked a $150M stablecoin. Elixir pulled the plug on deUSD Thursday after Stream Finance—its biggest debtor—admitted a $93 million off-chain wipeout, sending the synthetic dollar to 1.5 cents. “Stream owes us $68M and holds 90% of deUSD ($75M),” Elixir posted on X. “We processed 80% redemptions at $1 before the crash—claims portal drops today for the …

The yen just got a blockchain upgrade. Japan’s Financial Services Agency (FSA) green-lit the nation’s first megabank stablecoin pilot Friday, uniting MUFG, SMBC, and Mizuho to issue a 1:1 yen-pegged digital token under the Payment Innovation Project (PIP). Kicking off November 2025, the open-ended trial tests instant corporate settlements, cross-border rails, and public-chain bridges—powered by MUFG’s Progmat platform (Ethereum/Polygon/Avalanche/Cosmos). Mitsubishi …

Risk-off swept Asia Friday as Wall Street’s AI hangover—Nvidia -5%—spilled over. Nikkei 225 cratered 1.7% (905 pts), Kospi -2.4% (96 pts), Hang Seng -0.9% (241 pts) and Shanghai -0.25% on tepid factory data. Thailand’s SET shed 0.8%. “Tech valuations are frothy—shutdown blackout kills US data, traders hit sell,” said QuantumEdge’s Rhea Tan. MSCI ACWI heads for first weekly drop in …

Your $100 Trump “Yes” bet? One in four trades on Polymarket may be hot air. Columbia University dropped a bombshell Thursday: 25% of the prediction giant’s three-year volume—$6B+—is pure wash trading, where wallets ping-pong shares to juice stats. Prof Yash Kanoria’s 42-page autopsy (Polygon on-chain data) sliced it: – Sports: 45% fake – Elections: 17% – Politics: 12% – Crypto: …

Bitcoin isn’t crashing—it’s loading. Glassnode’s Accumulation Trend Score just flashed 0.98—the loudest “buy” signal since the 2021 bull. Whales (10–10K BTC) vacuumed 44,800 BTC in 30 days ($4.6B), while 2.1 million new retail wallets pushed non-zero addresses to 56.3 million ATH. “Mid-tier whales are the new kings,” tweeted analyst Ali Martinez. “658K BTC added YTD—supply shock incoming.” BlackRock’s IBIT alone …