Trust Wallet users suffered losses of at least 6 million dollars due to a security vulnerability; Changpeng Zhao stated that Trust Wallet will fully compensate all damages.
The total market capitalization of stablecoins reached 310 billion dollars, setting a new record and showing growth of around 70 percent over the past year.
Uniswap management approved the UNIfication proposal, and as part of this plan, a UNI token burn worth 100 million dollars is expected to take place soon. Meanwhile, Spain is granting crypto service providers a compliance period until 2026 under the MiCA regulation, while Sberbank is considering offering ruble loans backed by digital assets.
At the time of writing the bulletin, Bitcoin (BTC) is trading at 88,755 dollars and Ethereum (ETH) at 2,967 dollars.
The Fear and Greed Index stands at the fear level with a reading of 27.
Important developments expected during the day:
Bitcoin: Options contracts worth over 23 billion dollars will expire.
Sahara AI: An unlock of 132.93 million tokens will take place.
