hodler

9 May 2026, 10:00

Meta’s 2026 Stablecoin Push Faces Senator Warren Scrutiny Over Financial Stability Risks

Democratic Senator Elizabeth Warren questioned Meta CEO Mark Zuckerberg about the company’s stablecoin plans, warning of serious risks to financial stability, competition, privacy, and payments integrity. Meta’s Stablecoin Trials Under Scrutiny This week, US Senator Elizabeth Warren sent a new letter to Meta’s founder and CEO, Mark Zuckerberg, raising concerns about the company’s plans to integrate stablecoins into the platform. In the letter, the Ranking Member of the Senate Banking Committee highlighted recent reports suggesting that Meta was conducting a “small and focused” trial with a third-party stablecoin and that the company plans to begin its integration in the second half of this year. As reported by Bitcoinist, Meta began rolling out USDC payouts for select creators in Colombia and the Philippines last month, using Solana and Polygon as supported blockchain rails. Warren affirmed that it is “essential” for the US Congress to fully understand the implications of Meta’s integration plans as it considers the crypto-market structure bill, the CLAIRTY Act. “Any attempt to control, influence, or preference a stablecoin on Meta’s platforms–even a stablecoin issued by a third party–could have serious implications for competition, privacy, the integrity of our payments system, and financial stability,” she argued. The Senator also raised concerns about the lack of transparency, underscoring Meta’s failed attempt to launch its own stablecoin six years ago. For context, the company announced its Libra project in 2019, but it was ultimately shut down in 2022 after massive pressure from US regulators and politicians. “It is critical that Meta be transparent with Congress and the public regarding its stablecoin-related plans. Beyond the failure of its previous attempt to issue its own global private currency, the company has struggled to safely offer its existing products and services (…). Any new products, especially related to payments and financial services, should be treated with skepticism,” she stated. Warren’s Probe Intensifies The latest inquiry follows a June 2025 letter in which Warren and Senator Richard Blumenthal questioned Meta over reports that the company was renewing its efforts to launch a private currency project. At the time, the senators affirmed that Big Tech companies issuing or controlling private currencies would threaten competition across the economy, erode financial privacy, and cede control of the US money supply to “monopolistic platforms that have a history of abusing their power.” Days before, Warren had warned that the GENIUS Act, the landmark stablecoin bill, included a major loophole that would allow Big Tech firms like Meta to re-enter the space with minimal oversight. As the senator noted in her latest letter, the company’s initial response affirmed that there was no Meta-issued stablecoin, adding that it had no plans to issue one in the future. Given the recent reports, she has now pressed for details on the integration plan by May 20, including the nature of Meta’s trial and roadmap for a potential H2 2026 launch. Moreover, she requested information on whether the company has selected or will select a third-party stablecoin, whether it intends to make any changes to the MetaPay wallet, how Meta has strengthened its illicit finance controls, what privacy guardrails it has in place ahead of the integration, and whether it still has no plans to issue a stablecoin.

9 May 2026, 08:02

Eddie Griffin Discusses XRP’s Major Potential

Concerns about the speed and transparency of global financial transactions continue to shape conversations around digital assets. Supporters of blockchain-based systems often argue that existing banking structures remain slow, expensive, and overly dependent on intermediaries. That debate resurfaced after crypto enthusiast XRP Bags shared a video featuring American comedian and longtime crypto supporter Eddie Griffin discussing XRP and its potential role in modern finance. In the video attached to the post on X, Griffin questioned why large bank transactions can take several days to process. He argued that delays in traditional banking systems exist because financial institutions attempt to profit from transactions before settlement is completed. Griffin directly criticized the banking sector while presenting XRP as an alternative for faster transfers without relying on intermediaries. Griffin stated that XRP “cuts out the middleman,” adding that users could complete direct transfers involving hundreds of millions of dollars. He also pointed to the transparency of blockchain technology, saying that anyone can publicly view transactions recorded on an open ledger. According to Griffin, this openness contrasts sharply with what he described as “closed ledgers” used by traditional banks. Eddie Griffin: "$XRP cuts out the middleman" pic.twitter.com/ARwK5GPiOv — XRP Bags BagMan (@XRPBags) May 5, 2026 Open Ledger Transparency Remains a Key XRP Talking Point During the video, Griffin repeatedly referenced transparency as a major advantage of blockchain-based financial systems. He questioned why banking institutions maintain private internal ledgers while decentralized systems operate with publicly visible transaction records. Supporters of XRP have frequently promoted the XRP Ledger for its speed , lower transaction costs, and public transaction history. Griffin’s comments reflected many of the arguments often made by members of the XRP community, particularly those who believe blockchain technology can reduce the need for intermediaries in international payments. The actor also criticized the idea of financial institutions depending on government intervention during economic crises. Near the end of the clip, Griffin dismissed the possibility of future bailouts, saying financial firms should not expect government assistance. Griffin Continues Public Support for XRP Griffin has become increasingly associated with the XRP community in recent years due to his outspoken support for the digital asset. While widely recognized for his comedy specials and film appearances, Griffin has also publicly discussed his involvement in cryptocurrency and technology investments over the years. According to his professional background, Griffin has maintained an interest in crypto and tech investments for more than two decades. His public remarks about XRP have appeared both on social media and in segments incorporated into his comedy performances. The latest video shared by XRP Bags added to the ongoing online conversation surrounding XRP’s use case in global payments. Many XRP supporters continue to argue that blockchain-based settlement systems can improve transaction efficiency compared to conventional banking infrastructure. Griffin’s comments reinforced that position by focusing heavily on direct transfers, transparency, and reduced reliance on traditional financial intermediaries. 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 advised to conduct thorough 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 X , Facebook , Telegram , and Google News The post Eddie Griffin Discusses XRP’s Major Potential appeared first on Times Tabloid .

9 May 2026, 07:34

Aave Begins Phase II Recovery After Liquidating Lazarus-Linked rsETH Positions

Aave liquidated 8 hacker-linked positions tied to the rsETH exploit on Aave V3. A Manhattan federal judge allowed the transfer of frozen $71M in ETH to support recovery. Aave will burn the seized rsETH and retire the related LayerZero packet. Aave has moved into the second phase of its rsETH recovery plan after liquidating the hacker-linked positions tied to last month’s exploit on Aave V3 across Ethereum and Arbitrum. In an update posted on X, the protocol confirmed that the thief’s eight identified positions were liquidated on May 6. The recovered rsETH collateral was transferred to the Recovery Guardian under a governance proposal previously approved by the Aave DAO. The exploit, linked to North Korea’s Lazarus Group, allowed attackers to use unbacked rsETH as collateral to borrow nearly $230 million in ETH from the protocol. Arbitrum’s Security Counc… Read The Full Article Aave Begins Phase II Recovery After Liquidating Lazarus-Linked rsETH Positions On Coin Edition .

9 May 2026, 07:30

Nigerian Fintech Paga Expands Into Tokenized Bonds and Real Estate Through Sui Partnership

Nigerian fintech pioneer Paga has partnered with the Sui blockchain to integrate cryptocurrency infrastructure into its platform. A Roadmap for Digital Finance Nigerian fintech pioneer Paga has entered a partnership with Sui blockchain, marking the company’s most significant push into crypto infrastructure to date. The collaboration was unveiled on May 7 at Sui Live in

9 May 2026, 06:20

Kraken Opens Spot Trading for Neo (NEO) and Gas (GAS)

BitcoinWorld Kraken Opens Spot Trading for Neo (NEO) and Gas (GAS) U.S.-based cryptocurrency exchange Kraken has announced the listing of Neo (NEO) and Gas (GAS) for spot trading, effective today. The move adds two tokens from the Neo blockchain, a long-standing open-source smart contract platform, to one of the most regulated exchanges in the United States. What Are NEO and GAS? NEO is the governance token of the Neo blockchain, often referred to as the ‘Chinese Ethereum’ for its early focus on digital assets and smart contracts. Holders of NEO can participate in network governance and earn GAS as a reward. GAS, on the other hand, is the utility token used to pay for transaction fees and smart contract execution on the Neo network. The two-token model is designed to separate governance from usage costs, a structure that has been in place since Neo’s rebranding from Antshares in 2017. Market Reaction and Pricing According to data from CoinMarketCap, NEO is currently trading at $2.94, up 1.37% in the last 24 hours. GAS is trading at $1.66, up 1.56%. While these modest gains suggest the listing news was partially priced in, the addition to Kraken’s platform provides a significant liquidity boost for both tokens, particularly for U.S.-based traders who have faced limited access to Neo ecosystem assets on major regulated exchanges. Implications for Traders For Kraken users, the listing means direct access to NEO and GAS without needing to use decentralized exchanges or less regulated platforms. This is especially relevant for institutional and retail traders who prioritize compliance. The move also signals Kraken’s continued expansion of its altcoin offerings, even as the broader market faces regulatory uncertainty in the U.S. Conclusion Kraken’s listing of NEO and GAS adds credibility and accessibility to the Neo blockchain’s native assets. While the immediate price impact has been modest, the long-term effect on trading volume and user adoption for both tokens could be more pronounced. Traders should monitor the new pairs for liquidity and spread as the market adjusts to the listing. FAQs Q1: When will NEO and GAS trading start on Kraken? Trading is available starting today. Users can deposit, trade, and withdraw both tokens immediately. Q2: Are there any restrictions on trading NEO and GAS for U.S. users? Kraken is a regulated U.S. exchange, so the listing is available to eligible users in supported jurisdictions. However, users should check their local regulations and Kraken’s terms of service. Q3: What is the difference between NEO and GAS? NEO is a governance token that allows holders to vote on network proposals and earn GAS dividends. GAS is a utility token used to pay for transaction fees and smart contract execution on the Neo blockchain. This post Kraken Opens Spot Trading for Neo (NEO) and Gas (GAS) first appeared on BitcoinWorld .

9 May 2026, 06:00

Crypto Security Fears Rise As Chaos Labs Reveals Attempted Advanced Wallet Attack

Several crypto firms are switching oracle providers after Chaos Labs disclosed it was targeted in a sophisticated hacking attempt last weekend — one that authorities believe may have been carried out by a nation-state actor. Firms Move To Chainlink Borrowing platform Tydro announced it is migrating to Chainlink’s oracle infrastructure following the incident . Solv Protocol flagged similar plans, citing recent industry events as the reason for moving its cross-chain setup away from LayerZero. Kelp DAO, still recovering from an April exploit, is also shifting its restaking token rsETH to Chainlink. The moves signal a broader loss of confidence in alternatives, even as Chaos Labs insists its core systems were never touched. Chaos Labs founder Omer Goldberg said the attack was contained to operational wallets the company uses for routine on-chain activity. The oracle network itself — which supplies price and data feeds to blockchain applications — was not breached at any point. Over the weekend, we identified an attack on Chaos Labs. The surface area was strictly contained to operational wallets we use for routine onchain operations. At no point was the Chaos Oracle Network breached or compromised. Chaos Oracles run in a fully isolated environment with… — Omer Goldberg (@omeragoldberg) May 7, 2026 “Chaos Oracles run in a fully isolated environment with nodes distributed globally, protected by layered security and cryptographic controls,” Goldberg said in a post on X. The company rotated all keys following the incident and said no suspicious activity has been detected since. Attack Consistent With Nation-State Methods Cyber professionals and authorities working alongside Chaos Labs told the company the methods used were consistent with nation-state attacks , according to Goldberg. He did not name a specific country. The investigation is ongoing, and Goldberg said more details would be shared as circumstances allow. State-backed hacking groups, particularly those linked to North Korea, have long been seen as a serious threat to crypto infrastructure. Reports indicate North Korea-affiliated actors stole at least $578 million across several incidents in April alone. North Korea has denied involvement in global cybercrime, calling such allegations unfounded. Goldberg said Chaos Labs triggered its highest-severity incident response immediately after detecting the attempt. The company allocates a significant portion of its operating budget to cyber defense, monitoring, and detection systems. A Difficult Month For Crypto Security The Chaos Labs incident comes against a backdrop of widespread attacks across the industry. The Kelp DAO hack earlier in April was among the year’s most damaging, sending ripple effects through the crypto lending market and causing Aave’s total value locked to drop by $8 billion. Drift Protocol and at least a dozen other crypto entities were also hit during the same period. Featured image from Pixabay, chart from TradingView