Resolv Attacker is currently swapping wstUSR for USDC and USDT

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.

March 22 — Tom Lee, chairman of Ethereum Treasury firm BitMine, told CNBC in an interview Wednesday that he’s sticking to his year-end S&P 500 target of 7,700. Lee noted the 7,700 mark was initially a conservative call, as it only factored in a mild price-to-earnings (P/E) expansion this year. While the war has brought significant short-term impact and uncertainty—including effects on monetary policy—he argued it could benefit the U.S. economy and stock market long-term. “By year-end, the market will shift focus from the crisis to the opportunities it presents,” Lee said. “Looking at eight major historical war events, the market typically bottoms out early in the conflict.” On whether the current market is overly optimistic, Lee pushed back: “We’ve already gone through a bear market cycle. Energy stocks were in a three-year bear market last year, financials were falling, and the MAG-7 are also in a downturn. Together, these sectors make up roughly 70% of the S&P 500.” “Even