Crypto Pills

PayPal USD issuer Paxos records an erroneous $300 trillion PYUSD amount, an outsize figure that exceeds the roughly $2.4 trillion supply of U.S. dollars. The fat-finger event underscores operational risk in stablecoin issuance and highlights the need for strict controls when handling issuance records.

Pico Prism demonstrates real-time verification of 99.6% of Ethereum blocks, indicating a significant advance in client performance. The milestone brings Layer 1 throughput targets of about 10,000 transactions per second closer, suggesting improved scalability for the network.

Ripple partners with Immunefi to launch a $200,000 bug bounty focused on XRPL’s new institutional lending protocol. The program invites security researchers to uncover vulnerabilities before broader rollout and aims to strengthen safeguards for enterprise users.

North Korean hackers target crypto developers through an open-source software hub, aiming to compromise projects and steal digital assets. The campaign leverages developer-facing channels to increase reach across the ecosystem.

Australia’s Home Affairs Minister announces sweeping powers to curb crypto ATMs. The measure expands the government’s authority over physical crypto exchange machines and points to stricter regulation of cash-to-crypto access.