Here’s what happened in crypto today

Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, Web3 and crypto regulation.

Today in crypto, Core DAO is coordinating an emergency hard fork after validators claimed more CORE rewards than the blockchain intended to issue. 21 major financial institutions, including Bank of America, Citi and Goldman Sachs, unveiled plans for a stablecoin venture targeting a 2027 launch, while Singapore is considering recognizing certain jointly issued and foreign-regulated stablecoins.

In an update, Core said the incident had been contained and that “malicious validators” could no longer draw excess rewards. It said the fork would be a forward upgrade and would not roll back the network or reverse any previously confirmed transactions. 

This followed an earlier status update on Monday, in which Core said a small number of validators had accrued rewards significantly above the protocol’s intended issuance. It said the incident was limited to reward issuance and that user assets remained safe, adding that it would publish a technical postmortem. 

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