Resolv’s USR stablecoin depegs after $80M exploit hits supply

Resolv’s USR stablecoin depegged following an apparent smart contract exploit on Sunday that allowed an attacker to mint 80 million USR tokens and dump them across decentralized exchanges, as noted by onchain analysts Ai Yi (@ai_9684xtpa) and PeckShield. .@ResolvLabs It seems multiple large amounts of $USR have been minted. Stay alert! $50m: https://t.co/gDrTBJDkax$30m: https://t.co/jLyvQkMMSV pic.twitter.com/0F7JZrKR4V…

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The Good, the Bad, and What’s Next

Here’s the good news on the XRP ETF front. However, the asset was rejected mid-week. The spot exchange-traded funds tracking the performance of the second-largest altcoins managed to close the week in the green for the first time in March, but the actual numbers were far from impressive. Meanwhile, the underlying asset attempted a…

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