ResupplyFi suffered a significant security breach, resulting in a $9.6 million loss due to a price manipulation exploit targeting its wstUSR market. The attack exploited a vulnerability in the ResupplyPair
BitcoinWorld Ethereum Stablecoins Witness Record-Breaking Surge in Weekly User Activity The cryptocurrency world is abuzz with exciting news: Ethereum stablecoins are seeing unprecedented levels of engagement. A significant milestone has been reached, highlighting the growing utility and adoption of digital assets within the broader financial landscape. This surge in activity underscores the pivotal role stablecoins play in the evolving crypto economy. The Astonishing Rise in ETH Stablecoin Activity Recent data from The Block reveals a remarkable achievement for the Ethereum network. Weekly users transacting with Ethereum-based stablecoins have officially surpassed a staggering 750,000 unique addresses. This figure represents a new record high, showcasing a robust and expanding user base for these crucial digital assets. This isn’t just a number; it’s a testament to the increasing reliance on stablecoins for various financial operations. The reported activity encompasses a range of prominent stablecoins, including: USDT (Tether): The largest stablecoin by market capitalization, widely used for trading and remittances. USDC (USD Coin): A fully reserved stablecoin, popular in the decentralized finance (DeFi) space due to its regulatory compliance and transparency. BUSD (Binance USD): Binance’s stablecoin, deeply integrated into its ecosystem. DAI (Dai): A decentralized, collateral-backed stablecoin managed by the MakerDAO protocol. This diverse range of stablecoins contributing to the record indicates a broad adoption across different use cases and user preferences. The collective strength of these assets is propelling the Ethereum network forward, solidifying its position as a foundational layer for digital finance. Why Are Stablecoin Users Flocking to Ethereum? The question naturally arises: what drives this massive influx of unique stablecoin users onto the Ethereum blockchain? Several factors contribute to this phenomenon, illustrating the intrinsic value and versatility of stablecoins in the current crypto climate. 1. Stability in Volatile Markets: In an often-volatile crypto market, stablecoins offer a haven. Pegged to fiat currencies like the US dollar, they provide a predictable store of value, making them ideal for: Trading: Traders use stablecoins to lock in profits or mitigate losses without cashing out to traditional fiat. Remittances: Sending value across borders quickly and cheaply, avoiding traditional banking fees and delays. Payments: Facilitating everyday transactions with a stable medium of exchange. 2. Gateway to Decentralized Finance (DeFi): Ethereum is the undisputed home of DeFi. Stablecoins are the lifeblood of this ecosystem, enabling users to engage in a myriad of activities: Lending and Borrowing: Users can lend stablecoins to earn interest or borrow them against collateral. Yield Farming: Providing liquidity to decentralized exchanges (DEXs) or lending protocols to earn rewards. Decentralized Exchanges (DEXs): Trading various cryptocurrencies without relying on centralized intermediaries. 3. Accessibility and Global Reach: Stablecoins on Ethereum are permissionless, meaning anyone with an internet connection and an Ethereum wallet can access them. This global accessibility breaks down traditional financial barriers, offering financial services to the unbanked and underbanked populations worldwide. The Broader Implications for Crypto Market Growth This significant increase in stablecoin activity is a strong indicator of broader crypto market growth and maturation. It suggests a shift from purely speculative trading towards more practical and utility-driven use cases for cryptocurrencies. When more users are actively transacting with stablecoins, it implies: Increased On-Ramps and Off-Ramps: More people are moving in and out of the crypto ecosystem, using stablecoins as their primary bridge. Growing Institutional Interest: Institutions often prefer stablecoins for large-volume transactions due to their predictability and liquidity. While the data specifically mentions unique addresses, the underlying volume could include institutional activity. Development of Robust Infrastructure: The demand for stablecoin transactions drives innovation in wallet technology, payment processors, and DeFi protocols, further strengthening the overall crypto infrastructure. The sustained growth in unique users for Ethereum stablecoins points to a resilient and expanding digital economy that is increasingly integrating with mainstream finance. Navigating the Evolving DeFi Ecosystem with Stablecoins The record ETH stablecoin activity is inextricably linked to the dynamism of the DeFi ecosystem. Stablecoins provide the necessary liquidity and stability for DeFi protocols to function effectively. As more users engage with stablecoins, the DeFi space benefits from: Enhanced Liquidity: Greater stablecoin pools mean more efficient trading and less slippage on DEXs. Lower Volatility for DeFi Strategies: Users can deploy capital into DeFi protocols using stablecoins, reducing exposure to the inherent volatility of other cryptocurrencies. This encourages more long-term participation. Innovation and Development: The demand fuels continued innovation in new DeFi products and services, from advanced lending platforms to novel derivatives and insurance protocols. However, challenges remain. Scalability concerns on Ethereum, though addressed by Layer 2 solutions, can still impact transaction costs (gas fees) during peak demand. Regulatory clarity also continues to be a crucial factor for the long-term sustainable growth of stablecoins and the broader DeFi ecosystem. Despite these hurdles, the current trajectory suggests a powerful and ongoing expansion. Conclusion: A New Era of Digital Finance Powered by Stablecoins The milestone of over 750,000 unique weekly users for Ethereum-based stablecoins is more than just a statistic; it’s a powerful affirmation of the growing utility, adoption, and indispensable role of stablecoins in the digital economy. This surge in ETH stablecoin activity reflects a maturing crypto market, where stability and practical application are increasingly valued alongside innovation and speculative potential. As the DeFi ecosystem continues to evolve, stablecoins will undoubtedly remain at its core, driving further growth, enabling new financial paradigms, and onboarding millions more into the future of finance. This record-breaking achievement signals a confident step forward into a more accessible and efficient global financial system. To learn more about the latest crypto market trends, explore our article on key developments shaping Ethereum institutional adoption. This post Ethereum Stablecoins Witness Record-Breaking Surge in Weekly User Activity first appeared on BitcoinWorld and is written by Editorial Team
A flaw in ResupplyFi’s contract allowed an attacker to manipulate token prices and drain $9.6 million from its wstUSR market.
Technology investor and Coatue Management founder Philippe Laffont made remarkable statements on many topics from markets to artificial intelligence, from technology giants to Bitcoin in the Squawk Box program he attended on CNBC. Laffont, the manager of Coatue, which manages approximately $55 billion in assets, has openly expressed his hesitations about Bitcoin for the first time: “I wake up every morning and ask myself: Why don’t I have Bitcoin?” Stating that Bitcoin can now be evaluated “like a company” in terms of market value, Laffont said, “Today, Bitcoin’s market value is $2 trillion. This corresponds to approximately 0.5% of the world’s net wealth. So, could this rate be 1% or 2%? Why not?” He stated that he found some investors’ valuation of Bitcoin at $100 trillion “a bit aggressive,” but he still predicted that the asset could double or triple in the coming years. Related News: As Terra Founder Do Kwon Appears in Court, Terra Classic (LUNC) Receives Major Update Today - Here Are the Details Noting that Bitcoin was two to three times more volatile than Nasdaq in the past, Laffont stated that this volatility has decreased recently and has now become a more stable investment vehicle. “Bitcoin fell as much as Nasdaq in recent fluctuations, not more. This is a very interesting development,” he said. Laffont, who stated that he still has not invested in Bitcoin, left the door open to the possibility of investing by saying, “Being a good investor means sometimes changing your mind. Maybe I made a mistake and it is time to change that decision.” *This is not investment advice. Continue Reading: Billionaire Investor Philippe LaffontMakes Bitcoin Confessions: ‘I Regret It Deeply,’ He Says, Shares Expectations Including Price Prediction
World Liberty Financial, the cryptocurrency platform associated with US President Donald Trump, is preparing to publish an official audit of its dollar-pegged stablecoin. Co-founder Zak Folkman revealed the update on Wednesday during the Permissionless conference held in Brooklyn. Speaking on stage with Blockworks’ Jason Yanowitz, Folkman said the project had recently secured its first attestation report from an independent accounting firm. According to the WLFI co-founder, the document will be posted to the Web3 platform’s website “within the next few days.” The attestation could provide assurance about the reserve backing of the company’s stablecoin, known informally as USD1 . WLFI, the governance token of the World Liberty ecosystem, currently provides holders with voting rights and a say in the decentralized finance (DeFi) governance process, but is non-transferable as of now. WLFI transferability coming soon World Liberty Financial confirmed in a recent post on the social media platform X that the WLFI token may soon be made transferable. “You asked to make $WLFI transferable, we heard you,” the company wrote, promising that the team is “actively working behind the scenes” to meet community expectations. The post concluded with the promise of “big news coming soon.” “ Stablecoins are really going to be the future of transacting, whether it’s on chain or in the real world. A stablecoin is only as stable as the assets that back it. And it’s one thing to be able to see a monthly attestation report that’s published on a website from a financial auditor ,” Folkman told Yanowitz during their chat. The WLFI token has a fixed total supply of 100 billion units. So far, 25 billion tokens have been sold publicly, raising $550 million. The platform has also conducted private sales, according to token listing site ICODrops. Folkman also mentioned that several institutional investors have their sights set on WLFI as a treasury asset. He commended Strategy executive chairman Michael Saylor for starting the concept of holding digital assets as corporate reserves. “ There has been a lot of interest from several public vehicles who want to use WLFI to be held in their treasuries as well, ” he noted. The team is planning to launch a mobile application to simplify the use of cryptocurrency for day-to-day users. “ You can see that the retail application is coming. It’s something that we’ve been working on for a very long time now with some of the best partners and builders in the space, both on our team and companies that we’ve partnered with ,” the co-founder remarked. Political connections and financial disclosures WLFI was launched just two months ahead of the 2024 presidential election, and when President Trump got elected, several firms picked an interest in the platform. It has generated hundreds of millions of dollars in revenue for the Trump family’s business empire. President Trump, according to a 2025 financial disclosure filed with the Office of Government Ethics, personally earned $57.4 million from the project. He currently holds over 15 billion WLFI governance tokens, which provide him with voting rights over the network’s direction. The Trump Organization stated in January that the president’s investments and business dealings would be held in a trust managed by his children. Despite that arrangement, critics, including liberal lawmakers, say the profits Trump has yielded present a conflict of interest . They argue that Trump’s pro-crypto policies are directly adding to the success of crypto businesses with which he is affiliated with. His administration has made several changes to the regulatory enforcement of digital assets. KEY Difference Wire : the secret tool crypto projects use to get guaranteed media coverage
Bitcoin Treasury Capital, a Canadian publicly traded entity, has strategically allocated nearly $7 million (approximately 66 million Swedish Krona) to acquire 66 bitcoins. This transaction, executed at an average price
Circle Internet ($CRCL) stock declined about 11% on Wednesday after plunging 15.5% the previous day. The decline came as some analysts flagged the ...
Market pundits viewed crypto reserves in home applications as a tailwind for BTC.
XRP is once again making headlines—this time for all the right reasons. In a recent report, CoinDesk highlighted a bullish technical pattern forming on XRP’s chart, one that closely resembles the setup seen in Bitcoin before its massive rally to $100,000. According to the report, XRP has shown remarkable strength, maintaining a tight range between $2.00 and $2.60, despite broader market volatility. Many traders believe this stabilization is a possible sign of an impending major breakout. Reacting to this development, pro-XRP attorney John Deaton took to X to comment on the shift in media sentiment. “Is it me, or has the coverage of XRP significantly changed from 3 years ago?” Deaton wrote, noting what appears to be a growing willingness among major crypto outlets to recognize XRP’s evolving role in the digital asset space. Is it me or has the coverage of XRP significantly changed from 3 years ago? https://t.co/WZt0TmRHeB — John E Deaton (@JohnEDeaton1) June 26, 2025 CoinDesk Signals a Turning Point CoinDesk’s technical analysis draws attention to the current strength in XRP’s price action. While many altcoins have struggled to hold support, XRP has remained firm, resisting downward pressure and flashing signs of accumulation. Analysts believe the current consolidation above $2.00 is a bullish signal, particularly as volume builds and volatility narrows—conditions that often precede sharp upward moves. This setup is being compared to Bitcoin’s price behavior in earlier cycles, particularly before its surge to new all-time highs. According to the report, if momentum continues to build, XRP could soon attempt a breakout above $2.60, potentially targeting the $3.00 to $3.50 range, levels last seen during the 2017 and 2021 bull runs. XRP Price Update: Holding Firm at $2.35 As of reporting, XRP is trading at approximately $2.35, showing resilience amid a mixed crypto market. Data from CoinMarketCap and TradingView confirm that XRP has spent the last several weeks in a tight consolidation range, with strong support at $2.00 and resistance near $2.60. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 On-chain indicators further support the bullish case. Exchange reserves for XRP, particularly on Binance have declined, suggesting reduced selling pressure. At the same time, large wallet addresses have steadily accumulated, signaling growing confidence from long-term holders and possibly institutions. Deaton’s Insight: A Shift in Media Tone John Deaton’s comment reflects a broader trend: the changing perception of XRP in the crypto community. Once viewed with skepticism, especially during the height of Ripple’s legal battle with the SEC—XRP is now gaining renewed attention and respect. Deaton, who played a prominent role defending XRP holders in court, has frequently criticized what he saw as unfair media bias. His latest remark points to a more balanced narrative taking shape. With Ripple expanding globally, launching its RLUSD stablecoin, and pushing major updates to the XRP Ledger, the ecosystem around XRP continues to strengthen. Combined with increasingly bullish technical signals and a notable shift in sentiment, XRP may be entering a pivotal new chapter—one that even the skeptics are beginning to acknowledge. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post Pro-XRP Lawyer Reacts to This Bullish CoinDesk’s XRP Report appeared first on Times Tabloid .
BitcoinWorld AI Copyright Law: Crucial Victory for Meta AI Models in Fair Use Battle In a significant development for the evolving landscape of artificial intelligence and intellectual property, a federal judge recently delivered a pivotal ruling in favor of Meta. This decision, concerning the use of copyrighted books for training Meta AI Models , marks a crucial moment for the technology sector, offering a glimpse into how courts are interpreting AI Copyright Law in the digital age. For anyone tracking the intersection of technology, content creation, and legal precedent, this case sets an important tone for future innovation and content protection. Understanding the Fair Use Doctrine in AI Training At the heart of Meta’s recent legal triumph is the concept of ‘fair use.’ A federal judge, Vince Chhabria, granted a summary judgment in favor of Meta in a lawsuit initiated by 13 authors, including Sarah Silverman. The authors alleged that Meta illegally trained its AI models using their copyrighted works. However, Judge Chhabria determined that Meta’s actions in this specific case fell under the Fair Use Doctrine of copyright law, thereby making it legal. This decision aligns with a similar ruling just days prior, where a federal judge sided with Anthropic in a comparable lawsuit. These rulings collectively signal a favorable turn for the tech industry, which has long argued that training AI models on copyrighted materials constitutes fair use. The core argument often revolves around whether the AI’s use of the material is ‘transformative’—meaning it doesn’t merely reproduce the original work but uses it to create something new, like an AI model capable of generating original content. What Does This Mean for Meta AI Models and Beyond? While celebrated by tech giants, these judicial decisions are not without their caveats. Both judges emphasized the limited scope of their rulings. Judge Chhabria explicitly stated that his decision does not universally validate all AI model training on copyrighted works. Instead, he noted that the plaintiffs in the Meta case ‘made the wrong arguments’ and failed to provide sufficient evidence regarding the market effects of Meta’s use. The judge highlighted that in future cases, especially those with better-developed records on the market impact of AI’s use of copyrighted material, plaintiffs might often prevail. This nuance is critical for understanding the ongoing legal battles. For Meta AI Models , this means their specific training methodology for books was deemed fair use, but the door remains open for challenges based on different types of content or stronger evidence of market harm. Navigating AI Training Data and Legal Boundaries A key factor in the fair use determination is whether the copying of copyrighted works harms the market for those authors. In Meta’s case, the plaintiffs ‘presented no meaningful evidence on market dilution at all,’ according to Judge Chhabria. This highlights the importance of demonstrating direct economic harm or market displacement caused by AI training. Without such evidence, establishing a copyright violation becomes significantly more challenging. The outcomes for both Anthropic and Meta involved training AI models on books. However, the legal landscape is far from settled, particularly concerning other forms of AI Training Data . There are numerous active lawsuits targeting technology companies for using different types of copyrighted works: The New York Times vs. OpenAI and Microsoft: This lawsuit concerns the training of AI models on news articles. Disney and Universal vs. Midjourney: These media powerhouses are suing over the training of AI models on films. Judge Chhabria’s decision acknowledges that fair use defenses are highly case-specific, and the strength of these arguments can vary significantly across industries. He noted that ‘markets for certain types of works (like news articles) might be even more vulnerable to indirect competition from AI outputs.’ This suggests that while books might have a higher bar for proving market harm from AI training, other content forms like news articles or films could present stronger cases for copyright holders. The Broader Implications for Tech Industry Lawsuits These recent rulings provide a significant, albeit narrow, victory for the tech industry. They affirm that simply training an AI model on copyrighted content does not automatically constitute infringement, especially if the use is deemed transformative and no clear market harm is demonstrated. This could encourage continued innovation in AI development without the immediate threat of sweeping legal injunctions based solely on data acquisition. However, the judges’ cautionary remarks underscore that these are not blanket permissions. Future Tech Industry Lawsuits will likely focus more intently on the ‘market effects’ criterion of fair use, and the specific nature of the copyrighted material. Companies developing AI must remain vigilant, understanding that the legal precedents are still being forged, and what is fair use for one type of data or model may not be for another. As the legal framework for AI continues to evolve, staying informed about the latest trends and insights is crucial. Industry events offer unparalleled opportunities for connection and learning: Bitcoin World event Save $200+ on your Bitcoin World All Stage pass Build smarter. Scale faster. Connect deeper. Join visionaries from Precursor Ventures, NEA, Index Ventures, Underscore VC, and beyond for a day packed with strategies, workshops, and meaningful connections. Boston, MA | July 15 REGISTER NOW The Evolving Landscape of AI Copyright Law The recent court decisions involving Meta and Anthropic represent significant milestones in the ongoing debate over AI Copyright Law . They provide a degree of clarity for tech companies engaging in AI model training, particularly concerning literary works. However, they also serve as a stark reminder that each case will be judged on its specific merits, with the ‘transformative’ nature of the use and the ‘market impact’ being paramount considerations. As AI capabilities expand and integrate deeper into various industries, the legal battles over intellectual property will undoubtedly intensify. These rulings do not provide a definitive answer for all AI training scenarios but rather lay down markers for how future cases might be argued. The balance between fostering AI innovation and protecting creators’ rights remains a complex challenge that courts, policymakers, and the industry will continue to navigate. To learn more about the latest AI market trends, explore our article on key developments shaping AI models’ features and institutional adoption. This post AI Copyright Law: Crucial Victory for Meta AI Models in Fair Use Battle first appeared on BitcoinWorld and is written by Editorial Team