RaaS #628: Banks Fight Back Against Stablecoin Surge!

Resolv Labs's Stablecoin USR Collapses 80%, Capital B Accquires 44 BTC, and Moar!

Major banks, including Citi, BNY Mellon, and Standard Chartered, are exploring tokenized deposits to compete directly with stablecoins. Unlike stablecoins that pull capital away from traditional finance, these tokens keep money inside the banking system. A defensive move to protect deposits and yield from crypto-native issuers gaining ground.

Fidelity Investments is pushing the SEC to establish a comprehensive regulatory framework for broker-dealers to trade and custody tokenized securities on alternative trading systems. The asset management giant's involvement signals growing institutional appetite for clear rules around tokenized assets.

Hackers are deploying fake Google Play pages in Brazil to spread Android malware that hijacks phones for crypto mining and installs banking trojans. Some variants specifically target Binance and Trust Wallet, replacing wallet addresses during USDT transfers. A reminder that self-custody requires vigilance at every layer.

Your daily dose of bite-sized crypto news.

1. Stablecoin supply on XRP Ledger surged 100% since December 2025 according to Artemis data.

2. Aster DEX activated Stage 6 buyback reserve for ASTER with fully onchain, verifiable wallet activity.

3. Crude oil surged to top spot on Hyperliquid with $300M open interest, overtaking all crypto and equity pairs.

4. Machi Big Brother is down to his last $30,000 after losing $75.19M in six months.

5. Perle Labs announced that rewards for its Voice Campaign will be paid in USD1 by World Liberty Fi.

Resolv Labs' stablecoin USR collapsed 80% after a $23M exploit where attackers used compromised private keys to mint 80M unbacked tokens with minimal collateral. The breach triggered cascading losses across connected DeFi vaults, another brutal lesson in key management and collateral verification.

NYSE Arca and NYSE American have removed the 25,000-contract position limits on spot Bitcoin and Ether ETF options. Crypto ETF options now receive the same treatment as standard commodity ETF options across all major U.S. exchanges. A quiet but significant normalization milestone.

Capital B has acquired 44 BTC for €2.7 million at €61,763 per coin, achieving 0.72% BTC yield year-to-date. Europe's first Bitcoin treasury company now holds 2,888 BTC valued at €267.1 million, continuing the corporate accumulation trend across the Atlantic.

CT is dead - but it’s a paid partnership.

Top Gainers: SIREN, RLP, JCT, BR, CSPR.

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H100 has signed an LOI for a strategic acquisition that would increase its Bitcoin holdings to 3,500 BTC. The transaction would position H100 as one of Europe's largest publicly listed Bitcoin treasury companies, intensifying the continental race for institutional BTC exposure.

$103M was liquidated across crypto markets in just four hours, with most losses tied to metals longs exposure. The cross-asset contagion shows how interconnected macro and crypto positioning has become.

Robinhood CEO Vlad Tenev outlined two AI futures: companies hoarding discoveries or empowering users to drive innovation. He's betting on the latter approach, signaling Robinhood's potential direction in AI-powered financial tools.

That’s all for today!