Regulation, Security & Controversy
· Tether's Strategic Move: After a $285 million exploit of the Drift Protocol, Tether provided a $127.5 million bailout. The deal includes a key condition requiring Drift to use Tether's USDT over Circle's USDC—a major win in the stablecoin wars .
· Bitcoin's "Quantum" Debate: A new proposal, BIP-361, aims to protect Bitcoin from future quantum computers by potentially freezing coins in vulnerable wallets that aren't migrated. Critics argue this threatens Bitcoin’s core principle of immutability, as it could affect up to 30% of all BTC .
· Global Developments: Pakistan has officially lifted its ban on crypto services, while the XRP Ledger added zero-knowledge proofs for private institutional transactions . The U.S. also moved 8.2 BTC ($600K) tied to the Bitfinex hack, though this is likely for custodial management.