News linked to both this project and an event.
According to an official announcement by Volo, a security vulnerability occurred today on the Sui network involving Volo—a BTCFi and LST protocol—resulting in the theft of approximately $3.5 million in assets (including WBTC, XAUm, and USDC) from three specific vaults. Immediately after the incident, the team notified the Sui Foundation and ecosystem partners and froze all vaults to prevent further losses. Volo stated that the vulnerability affected only these three vaults; the remaining vaults are not exposed to the same attack vector, and the other ~$28 million in TVL remains secure. The official announcement emphasized that Volo will bear the loss entirely and will not pass it on to users. A comprehensive post-mortem report and remediation plan will be released upon completion of the investigation.
According to the official announcement, Binance will list Chip (CHIP) and open spot trading pairs CHIP/USDT, CHIP/USDC, and CHIP/TRY on April 21, 2026, at 21:30 UTC. CHIP deposits will open one hour later, and withdrawals are expected to open on April 22, 2026, at 21:30 UTC.
According to FinanceFeeds, financial platform Meow has partnered with payment infrastructure provider BVNK to integrate stablecoin and cryptocurrency payment capabilities into its platform—supporting assets including Bitcoin, USDC, and Tether—and enabling seamless conversion and settlement between fiat and digital assets. This collaboration connects fiat transfers, stablecoins, cryptocurrencies, and global payment networks within a single platform, simplifying cross-border payments, fund allocation, and treasury management processes. The two parties will also explore enabling merchants to accept cryptocurrency payments in the future.
Odaily News Nansen has announced the introduction of a pay-per-call model, optimizing on-chain data access based on the x402 protocol and PayAI infrastructure. This model allows users to instantly query wallet data, fund flows, and "smart money" signals through USDC micropayments, eliminating the need for subscriptions, approvals, or API keys. The system automates the "request-billing-payment-return" process based on the HTTP 402 mechanism, supporting autonomous calls and payments by AI agents.Nansen stated that the new model already covers its entire API ecosystem, with basic data queries priced at approximately $0.01 per call and advanced signals at around $0.05, supporting settlement on the Base and Solana networks. (Crowdfundinsider)
Odaily News: Hong Kong-based crypto payment company RedotPay announced the addition of support for SUI and USDC-Sui within its application. Users can now spend and transfer funds in over 100 countries globally using its card and payment services. This integration, built on the Sui network developed by Mysten Labs, enables support for native USDC, marking an expansion from cross-chain assets to native assets.RedotPay stated that it currently has over 7 million users, with an annualized payment volume exceeding $10 billion. (TechinAsia)
Bybit has announced that, building on its February USDC futures fee optimization initiative, it has further introduced trading fee discounts for both retail and VIP users, while enhancing market maker incentives to comprehensively improve USDC market liquidity and trading experience. From now until June 30, 2026, retail and VIP users can enjoy up to a 50% discount on trading fees, and the weighting factor for USDC market makers has been increased to 8x.
According to an official announcement, Coinbase has launched its crypto-backed lending service in the UK, enabling users to borrow USDC in under one minute using BTC, ETH, and cbETH as collateral. The service is powered by Morpho, an open-source lending protocol built on Base. Coinbase stated that this product first launched in the U.S. in January 2025. As of April 14, 2026, loans facilitated via Coinbase’s integration with Morpho have exceeded $2.17 billion in USDC. Users can monitor their loan health, historical annualized interest rates, and liquidation alerts directly within the Coinbase app. Interest rates are dynamically adjusted based on market conditions.
According to Sarah Wolf’s own post on X, her nearly five-year tenure at Coinbase is coming to an end. She joined Coinbase in 2023 as its first Builder Marketer and co-founded Base with Jesse Pollak, driving its growth into a leading global blockchain ecosystem with a builder community spanning over 52 countries. During her time at Coinbase, she led several landmark initiatives, including Onchain Summer—a collaboration with Adidas and Coca-Cola—integrating USDC payments into Shopify, and launching BaseCamp, the flagship builder summit. After leaving Coinbase, Sarah Wolf will join Anthropic as Head of Startup Marketing, focusing on supporting the startup ecosystem building around Claude. She has invited founders and builders currently developing with Claude to reach out to her.
Odaily News USDC has officially announced the launch of its cross-chain bridge, USDC Bridge. Built and operated by Circle, it supports cross-chain transfers based on a native burn-mint mechanism.According to the announcement, the bridge supports upfront fee display and real-time status tracking, eliminates the need for manual path selection, and can automatically handle destination chain gas fees.
USDC officially announced the launch of the USDC Bridge, built and operated by Circle. It supports cross-chain transfers via a native burn-and-mint mechanism, offers upfront fee visibility and real-time status tracking, eliminates the need for manual route selection, and automatically handles gas fees on the destination chain.
Odaily News Rhea Finance has released a post-mortem report on the attack, confirming that the actual loss from the vulnerability is approximately $18.4 million, a significant increase from the initial estimate of around $7.6 million.The attacker constructed complex transaction paths, manipulated liquidity using fake token pools, funneled borrowed assets into pools under their control, and returned only minimal assets. This caused a large number of margin positions to rapidly become undercollateralized and triggered liquidations, ultimately depleting the protocol's reserve funds.Approximately $11.2 million in funds have been recovered or frozen so far. This includes some USDC and NEAR assets returned by the attacker, as well as about $4.34 million in USDT that was frozen (with assistance from Tether).
Odaily News Circle announced on the X platform that the USDC Bridge bridging service is now officially live. It is reported that this is a method for direct cross-chain transfer of USDC, built and operated by Circle, supporting native burn-to-mint transfers without the need to select a route, and automatically handling gas fees on the destination chain.
According to an official announcement, Singapore Gulf Bank (SGB) launched stablecoin minting and redemption services on April 17. Enterprises and high-net-worth individuals can now directly convert between fiat currency and stablecoins via their SGB accounts, enabling 24/7 instant settlement without relying on traditional correspondent banking processes. This service is integrated into SGB’s proprietary clearing network, SGB Net, supporting seamless on-chain and off-chain fund flows. USDC is the first stablecoin supported, with a minimum transaction amount of USD 100,000; support for USDT, USDe (Ethena), and Global Dollar (USDG) will be rolled out subsequently.
According to an official announcement, Mint Blockchain officially ceased operations on April 17, 2026, and urged users to withdraw four assets from Mint Chain to the Ethereum mainnet: ETH, WBTC, USDC, and USDT. The announcement states that the asset withdrawal deadline is October 20, 2026, and users may complete the process via the official withdrawal channel. Assets not withdrawn by the deadline will no longer be processable.
According to Cointelegraph, stablecoin issuer Circle faces a class-action lawsuit in the U.S. District Court for the District of Massachusetts for failing to freeze stolen funds during the Drift Protocol hack on April 1. Plaintiffs allege that attackers transferred approximately $230 million worth of USDC from Solana to Ethereum via Circle’s cross-chain transfer protocol (CCTP) within hours—and that Circle failed to intervene. The lawsuit accuses Circle of aiding and abetting conversion and of negligence. Cryptocurrency analytics firm Elliptic previously suspected the attack may be linked to North Korea–backed hackers; the stolen funds were subsequently converted into ETH and laundered through Tornado Cash.
According to CoinDesk, Drift Protocol—the largest decentralized perpetual futures exchange on Solana—announced it has secured up to $147.5 million in funding from Tether and its partners (including $127.5 million from Tether and $20 million from other partners) following a hack that stole over $270 million. The funds will be used to restore user assets and relaunch the protocol. The attack was carried out on April 1 by a North Korea–linked group that had posed as a quantitative trading firm and infiltrated the protocol for approximately six months, causing the DRIFT token’s value to plummet roughly 70%. The funding structure combines revenue-linked credit, ecosystem subsidies, and market-maker loans, aiming to cover approximately $295 million in user losses. Upon relaunch, the protocol will replace USDC with USDT as its core settlement layer; Tether will simultaneously provide fee waivers, user incentives, and liquidity support.
Odaily News Drift announced on its official website that Drift Protocol has received support from Tether and other partners. Tether intends to contribute $127.5 million, while other partners plan to contribute $20 million, collectively supporting user recovery efforts following the April 1st attack. This support package includes a $100 million revenue-linked credit line, ecosystem grants, and loans provided to market makers. Drift will establish a dedicated user recovery pool, aiming to gradually address the $295 million in outstanding user losses as trading revenue grows. Additionally, Drift will issue independent recovery tokens to affected users, which represent a claim on the recovery pool and are transferable. Drift is currently in the process of restarting the protocol, having engaged Ottersec and Asymmetric for audits, and is migrating its settlement layer from USDC to USDT. The previous attack resulted in the theft of assets worth approximately $295 million, while the insurance fund assets remained unaffected.
According to a CoinGecko report, the cryptocurrency market continued its bearish trend in Q1 2026, with total market capitalization declining by 20.4% (approximately $622 billion) to $2.4 trillion—down roughly 45% from its October 2025 peak. Key drivers of the downturn included tightened monetary policy expectations following Kevin Warsh’s nomination as Federal Reserve Chair and geopolitical shocks stemming from the U.S.-Iran war. The stablecoin market remained broadly stable, with total market capitalization rising slightly to $309.9 billion. USDT’s supply declined for the first time since Q2 2022, falling to $184.1 billion; USDC grew 2.4% to $77.1 billion; and USD1—issued by WLFI—rose 32.5%, boosted by Binance’s airdrop campaign. In terms of asset performance, crude oil prices surged 76.9% due to supply disruptions caused by the U.S.-Iran war, making it the strongest-performing asset this quarter; gold rose 8.1%; while Bitcoin fell 22.0%, underperforming both the Nasdaq (-7.1%) and the S&P 500 (-4.8%). Regarding trading volume, spot trading volume across top centralized exchanges dropped 39.1% to $2.7 trillion; March volume totaled just $0.8 trillion—the lowest since November 2023. Binance maintained a 37.0% market share. Among decentralized exchanges, Solana retained leadership with a 30.6% share—but was overtaken by Ethereum in March.
Circle CEO Jeremy Allaire stated that Circle has expanded its collaboration with Dunamu—the operator of Upbit—to support the compliant adoption of digital assets, and broadened its partnership with Bithumb to strengthen stablecoin infrastructure and raise market awareness of stablecoins. Allaire noted that South Korea is rapidly advancing regulation for stablecoins and digital assets, and that local cryptocurrency adoption rates are high. During his time in Seoul, he also met with representatives from KakaoGroup, Coinone, Hashed, Shinhan Bank, KB Financial Group, and Woori Bank.
According to Crowdfund Insider, Circle has launched a new solution for high-frequency cross-chain USDC payments. Developers can leverage the Cross-Chain Transfer Protocol (CCTP) to enable local fulfillment providers to front-pay on the recipient’s designated chain, with the platform subsequently performing batch cross-chain settlement. This model reduces operational overhead associated with individual cross-chain transfers and is suitable for platforms processing large volumes of payments daily. Compared to the traditional CCTP process—which requires individual USDC burn-and-mint operations per transfer—the new solution supports batch settlement, reducing the number of burns on the source chain and eliminating the need for signature infrastructure on the destination chain. Circle also demonstrated the workflow using the Arc Testnet and Ethereum Sepolia.