Stablecoin Rails, Strategic BTC Reserves & DeFi's Stress Test
NiftyNoon | Crypto News & Blockchain Trends by The NiftyNoon Team | Web3 & Crypto Specialists
Episode notes
In this episode of NiftyNoon Weekly Crypto Recap, we break down a massive week in crypto:
• April's DeFi bloodbath: 28 exploits, $635M drained, headlined by the $292M KelpDAO bridge hack that triggered a $10B liquidity run on Aave and a $300M industry rescue
• Visa expands stablecoin settlement to 9 blockchains with a $7B annualized run rate (+50% QoQ)
• Western Union confirms Solana-based USDPT stablecoin launch via Anchorage Digital
• US Strategic Bitcoin Reserve upgrade: White House teases "big announcement," ARMA legislation aims to make BTC a permanent reserve asset
• CFTC sues states over prediction market jurisdiction; Polymarket refers soldier to DOJ over classified intel bet
• NFT market surges past $2B market cap — BAYC reclaims 10 ETH floor, CryptoPunk #4099 sells for 64.88 ETH
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