usr

Market Overview
Michael Saylor’s Strategy acquires 1,031 BTC for $76.6M, bringing their total holdings to 762,099 BTC.
BitMine Immersion Technologies launches their proprietary staking network, MAVAN, designed for institutional staking.
Mortgage finance firm, Fannie Mae, will soon accept crypto-backed mortgages for the first time, in partnership with Coinbase Global.

Narrative of the Week
Ondo Finance partners with Franklin Templeton ton bring Franklin Templeton’s managed investment products on-chain.
Felix Protocol brings over 250 tokenized stocks and ETFs to Hyperliquid. The new offerings are backed by Ondo Finance’s tokenized equities.
Tokenization platform, Securitize, has signed a Memorandum of Understanding with the NYSE to support the development of tokenized securities market.

Major Project Updates
Tether announces that they have signed with a Big Four firm for their first ever full audit, although they did not disclose any further details.
Binance launches Binance AI Pro in public beta, allowing Binance users to analyze markets, execute strategies and manage trading workflows within the Binance app.
The Ethereum Foundation launches pq.ethereum.org, a dedicated resource for Ethereum’s post-quantum security effort, including the PQ roadmap, open resources, interviews and more.
DeFi L2 chain, Katana, has acquired perpetual DEX, IDEX, to launch their own native perpetual platform, Katana Perps.

DeFi Brief
Liquidity protocol, Balancer, announces plans to shut down Balancer Labs as well as proposes a plan to halt BAL emissions.
Resolv’s USR was exploited via a compromised private key, resulting in the minting of $80M in uncollateralized USR tokens. Since then, 9M USR held by the attacker has been burnt.
Solana DEX aggregator, Jupiter, introduces Offerbook, a permissionless money market for fixed rates and fixed term loans.
The Aave DAO has successfully passed the governance vote for the deployment of Aave V4 on Etheruem mainnet.

Fundraises & Airdrops
Ethereum block builder, Eureka, raises $6.7M in a seed round led by Spark Capital and Collider Ventures, with other investors including Varrock Ventures, Node Capital, and more.
Cross-border payments solution, Tazapay, raises a total of $36M in a Series B funding round, with the recent extension led by Circle Ventures, with support from CMT Digital, Coinbase Ventures, and more.
Privacy-focused stablecoin chain, Payy, raises $6M in a seed funding round led by FirstMark Capital, with support from DBA and Robot Ventures.
Institutional cross-border settlement layer, XFX, raises $9M in a seed round led by Haun Ventures, Castle Island VC, Oak HC/FT, Coinbase Ventures, and more.
Backpack’s BP token airdrop goes live. Eligible users can now claim, trade, withdraw or stake their airdrops.

Source: #CoinMarketCap

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$MSTRon $BTC $ONDO #USDT #BAL #USR #SOL JUP AAVE

On March 22, the DeFi world once again sounded the alarm for security. The stablecoin protocol Resolv, which adopts a Delta neutral strategy, encountered a textbook-style 'money printing from thin air' attack. The attacker used only 200,000 USDC as bait and exploited a protocol vulnerability to mint a total of 80 million USR stablecoins that had no asset backing.
The insidiousness of this attack lies in its precise targeting of the protocol's signature verification mechanism. According to on-chain security agencies, the attacker is suspected of controlling the service private key (SERVICE_ROLE) of the protocol's backend, maliciously modifying the _mintAmount to astronomical figures during the minting process, thus deceiving the smart contract. This operation directly caused the price of USR to plummet instantaneously, dropping to as low as $0.25 on the Curve platform at one point, triggering a severe de-pegging crisis.

The $USR hack, a stablecoin from Resolv, was yet another brutal reminder of a key truth in crypto: “stable” does NOT mean “risk-free.”
On March 22, 2026, an attacker compromised a private key tied to Resolv’s infrastructure and managed to mint around 80 million USR with no backing. The tokens were then swapped and drained, extracting roughly $23M–$25M, while the stablecoin violently lost its peg.
The most concerning part? This wasn’t just a smart contract failure.
According to on-chain analysis, the core issue was the reliance on off-chain infrastructure and a highly privileged key controlling minting. In other words: compromise the right key, and you can print tokens — with no strong on-chain cap to stop it.
This reinforces a critical lesson for investors:
Even stablecoins carry risks — custody, architecture, governance, and execution.
It’s not enough to look at the name or the dollar peg. You need to understand: • Who controls issuance
• What safeguards exist
• Where centralization points are
• How the system behaves under stress
In the end, the USR hack wasn’t just an attack on one protocol.
It was a warning to the entire market:
When security depends too much on off-chain trust, risk shows up where most people aren’t even looking.
Stablecoins are not “cash equivalents” — they are risk assets.
Do you still trust smaller stablecoins outside $USDT /$USDC
#Stablecoins #DeFi #CryptoSecurity #USR #CryptoConviction

Stablecoins are the lifeblood of the DeFi world; however, in the past few years, we have repeatedly witnessed their vulnerabilities: the USDC banking crisis, the collapse of UST, and the capital inefficiency of DAI. We need a crypto-native stablecoin architecture that is independent of fiat, provides real returns, and can resist risks.

This is exactly the answer that Resolv aims to provide.

$USR: A stable anchor for de-dollarization

$USR is a new type of stablecoin that does not rely on any real-world assets or traditional financial institutions, but constructs a Delta-Neutral structure through a combination of on-chain assets and derivatives:

1. Team background: The financial engineering ambitions of Russian geeks.
Resolv Labs was founded by three top geeks from Russian science and engineering universities (Moscow Power Engineering Institute, Moscow State University, Moscow Institute of Physics and Technology) — Fedor Chmilevfa, Tim Shekikhachev, and Ivan Kozlov. Their core advantages are:
Traditional financial experience: Tim Shekikhachev worked at Citibank and is well-versed in Wall Street's Delta neutral arbitrage strategies.
On-chain ambition: The team's goal is to fully transplant traditional financial quantitative hedging strategies (like Delta neutral) onto the blockchain, achieving transparent and censorship-resistant yield generation.

Today, the cryptocurrency market is showing high volatility. Bitcoin ($BTC ) has dropped to $68,228, losing 2.7% in a day and 3.6% in a week. Currently, the asset is trying to stabilize around $68,600.
🔍 What is dragging the market down?
Geopolitical storm: Tensions around the Strait of Hormuz (a key route for 20% of the world's fuel) are forcing investors to move to less risky assets.