Linera Launches Babbage Testnet

March 22 — Resolv announced in a post Thursday that its platform was attacked, with an attacker minting 50 million unbacked USR tokens. The team has paused all protocol functions to stop additional malicious activity and is actively working on recovery efforts.

On March 22, Venus Protocol announced that trading of the stablecoin USR on Venus Flux has been suspended due to a USR outage. Venus Core remains unaffected, and all user funds are secure. The team is actively monitoring the situation and will provide timely updates as more information becomes available.

On March 22, ZhiPu Z.ai Global Head Li Zixuan posted on X, stating: “Whether by luck or analytical ability, GLM-5 is currently the only model on the Prediction Arena prediction market that exceeds the ‘human benchmark.’” Data from Prediction Arena shows GLM-5 delivered a 42.99% return on investment (ROI) on the prediction trading platform Kalshi—earning $14,299.40—surpassing the human benchmark of $12,353.45. It is the only leading AI model to outperform this threshold. Developed by Arcada Labs, the platform allows AI models to trade in event markets such as weather and cryptocurrency. GLM-5 has completed 98 trades with a Sharpe ratio of 0.17.

**March 22 — Katie Haun, Founder/CEO of crypto VC firm Haun Ventures, told CNBC in an interview the global payments space is essentially an "arms race."** Mastercard this week acquired stablecoin infrastructure firm BNK for up to $1.8 billion—one of its largest deals ever—officially entering the stablecoin market. Haun noted stablecoins enable instant, friction-free global transfers of digital dollars, calling this a "truly important innovation." She added the stablecoin space’s transaction volume has hit $12.5 trillion, and the scale will only grow in the AI era. On regulation: The CFTC and SEC jointly released guidance this week on core crypto questions—what counts as a security vs. a commodity. Haun said the Senate Banking Committee is advancing a compromise solution, with an announcement possible as early as today. She’s cautiously optimistic, but noted Congress has roughly three working months left before the midterms and needs to fast-track the CLARITY Act to a vote after t

**March 22nd** Onchain Lens monitoring reveals a Resolv attacker spent 200,000 USDC to mint 80 million USR. The attacker then converted USR to wstUSR before swapping back to USDC and USDT. To date, $17.24 million in USDC and USDT has been used to purchase 9,111 ETH. The attacker remains in the process of converting USR to USDC/USDT and may acquire additional ETH.

On-chain analyst Ai Auntie (@ai_9684xtpa) reported monitoring Resolv attacker activity as of March 22nd, with the following operations: - Minted 5 million USR by collateralizing 100,000 USDC; - Swapped 35 million USR for wstUSR; - Continuously converted wstUSR into USDC and USDT; - Used USDT to purchase ETH, currently holding $4.55 million worth of ETH.