Reserves & Attestations
23 stories
Blockstream Rejects $50 Million Bounty After Liquid Network Exploit
Blockstream has refused a $50 million bounty demand from the Liquid attacker, recovering most of the stolen Bitcoin but leaving nearly 600 BTC missing and the network's peg suspended.
NetNet Locks Reserve Floor as OlympusDAO Backs Flexible Policy
NetNet and OlympusDAO both use reserve-backed tokens but split on policy control and reserve accounting. NetNet hard-codes USDG floors and excludes real-world assets from NAV, while OlympusDAO keeps governance levers and broader reserves
Stablecoins Push Card Networks to Rethink Liquidity and Settlement
Stablecoins are moving from crypto rails to real-world payments, forcing card networks and banks to confront 24/7 liquidity gaps and working capital demands as settlement volumes surge and new infrastructure models emerge
Fed Stablecoin Plan Risks Double Counting Dollars in Money Supply
A Federal Reserve staff note warns that regulated stablecoins could inflate official US money supply figures unless new accounting methods address reserve overlap and cross-border activity
IMF Disputes El Salvador Bitcoin Purchases as Reserve Grows
El Salvador's Bitcoin holdings have surged by over 1,500 BTC in a year, but the IMF says the increase came from private donations-not government spending-raising new questions about the country's official Bitcoin acquisition claims
Banks Move to Issue Stablecoins, Redefining Crypto's Financial Role
Major banks are preparing to launch their own dollar-backed stablecoins, aiming to control on-chain payments and settlement. This shift could reshape how dollars move globally and challenge crypto-native issuers' dominance.
Dubai Court Orders TrueUSD Defendant to Reveal Legal Funding Sources
A Dubai court has set a September 7 deadline for Matthew William Brittain to disclose the origins of millions in legal payments tied to a $456 million TrueUSD reserve dispute, with potential sanctions if he fails to comply
Revolut Launches Euro Stablecoin EURR in Denmark, Poland, Portugal
Revolut has introduced its first euro-pegged stablecoin, EURR, to customers in Denmark, Poland, and Portugal, with plans for a broader EEA rollout. The move comes as the company phases out Tether in the region and adapts to new EU crypto rules
Moonwell Leaves $1.8M cbETH Liquidity Gap Unaddressed in New Plan
Moonwell's latest reserve allocation leaves a $1.77 million cbETH shortfall unresolved, keeping liquidity negative and preventing suppliers from withdrawing funds as the protocol faces ongoing fallout from a February oracle error
OCC Grants Conditional Charter to Trump-Linked USD1 Stablecoin Bank
World Liberty Financial has received conditional approval from the OCC to establish a national trust bank for issuing and managing the USD1 stablecoin, shifting control from BitGo and introducing new regulatory and capital requirements
Bitcoin Treasury Firm Faces Liquidity Crunch Despite $67M Reserve
CIMG Inc. holds over $67 million in Bitcoin but reports less than $5,400 in cash, leaving the company with a $7.38 million working-capital deficit and urgent need for new funding to sustain operations
Tether's First Big Four Audit Raises New Questions for Stablecoin Rules
Tether secured its first full audit from a Big Four firm, but new U.S. regulations and reserve requirements could reshape what counts as transparency for stablecoin issuers going forward
Tether Passes First Full Audit as KPMG Confirms USDT Reserves
Tether has completed its first full independent audit, with KPMG U.S. confirming that the stablecoin issuer's reserves exceeded liabilities by $6.8 billion at the end of 2025, addressing years of scrutiny over USDT's backing
UK Ranks Third in Bitcoin Adoption but Cannot Hold Seized BTC
The UK's high Bitcoin adoption score is driven by policy and enforcement, but court rules prevent the government from treating over 60,000 seized BTC as national reserves
Strategy's $4.6B Cash Reserve Delays Forced Bitcoin Sales
Strategy's $4.6 billion cash buffer now covers nearly three years of dollar obligations, giving the company flexibility to manage its large Bitcoin reserve without immediate pressure to sell during market downturns
Tether's Alloy Shutdown Leaves $50M in Gold-Backed Debt Unresolved
Tether is closing its Alloy platform, putting nearly $50 million in gold-backed stablecoin debt at risk for users who miss the September 17 deadline to reclaim collateral. Only five open positions remain, but recovery options are unclear.
Stablecoins Move Beyond Trading to Power Global Digital Payments
Stablecoins like USDT and USDC are evolving from crypto trading tools to core infrastructure for cross-border payments, DeFi, and tokenized assets, raising new questions about reserves, compliance, and the future of blockchain-based finance
Empery Digital Sells 1,635 Bitcoin, Slashing Treasury by 76%
Empery Digital has liquidated over three-quarters of its Bitcoin reserves in just weeks, as debt repayment and collateral demands force the company to rethink its 'never sell' treasury approach
US Bitcoin Reserve Faces Scrutiny as True Holdings Remain Unclear
The US government claims to hold a strategic Bitcoin reserve, but conflicting estimates and a lack of public accounting have left markets and analysts guessing about the actual size and legal status of federal crypto holdings
Proposed U.S. Law Could Reshape Bitcoin Reserve and Market Dynamics
The American Reserve Modernization Act aims to formalize the Strategic Bitcoin Reserve, introducing a 20-year lockup and new compliance rules that could influence both U.S. government holdings and global Bitcoin market behavior
Matrixdock RWA Tokens Face Reserve, Audit, and Custody Risks
Matrixdock's XAUm and XAGm tokens bring gold and silver onto blockchains, but their value depends on off-chain reserves, third-party audits, and complex custody. Gaps in verification, supply tracking, and legal clarity create risks for users and DeFi protocols
Matrixdock Expands Reserve Audits for Tokenized Gold and Silver
Matrixdock is strengthening trust in tokenized gold and silver by expanding independent reserve audits and on-chain verification, aiming to address transparency challenges as real-world assets move onto blockchain networks
Tether Gold Token Gains Shariah Certification for Islamic Finance
Tether's XAUt token, backed by physical gold, has received Shariah certification, opening the door for Islamic banks and investors to access digital gold products that meet Islamic finance standards