A crypto whale lost $25.6 million in a wallet drain, 2 years after losing $24 million to phishing, on-chain data shows.
In recent years, stablecoins have emerged as crypto’s breakout use case. Assets that were created to streamline cryptocurrency trading are now being recognized as a more efficient, flexible, transparent medium of exchange for the world financial system. The total stablecoin market cap has surged on the back of this newfound attention, growing to $300 billion as of July 2026 (a 30x increase from mid-2020). The passing of the GENIUS Act in the United States in July 2025 offered issuers clearer guidelines for creating and managing these digital assets. This has further boosted institutional confidence in the asset class and spurred […]
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