Goldman Sachs has lifted its estimated probability of a U.S. recession to 30%.

Strategy said it plans to raise $44 billion through an equity issuance, aiming to bolster its Bitcoin-buying program and fund additional purchases going forward.

Katana CEO @mfisher10x said that one of his first moves in the role was to acquire IDEX and move forward with the launch of a native perpetuals decentralized exchange (perps DEX).

Resolv has paused its protocol after a private key compromise allowed an attacker to mint about $80 million of uncollateralized USR, triggering a steep depeg and renewed scrutiny of the stablecoin's accounting. In a team update, Resolv said the attacker gained unauthorized access to its infrastructure and issued new USR without backing. The protocol's smart contracts were paused quickly, and roughly 9 million USR held by the attacker has since been burned. Resolv added that the collateral pool itself was not directly compromised. The only confirmed loss to date is about $0.5 million from redemptions processed before the pause. Supply inflation, not collateral theft Unlike many DeFi incidents that drain protocol assets, this event primarily inflated USR supply. Resolv said about 102 million USR was in circulation before the exploit. Afterward, an additional roughly 71 million USR was minted without collateral, diluting backing and pushing total supply well above the value of the protocol's assets. Minting permissions draw scrutiny While Resolv attributed the incident to infrastructure access tied to a compromised key, the episode has highlighted the protocol's minting design. A privileged role could authorize issuance without sufficient onchain verification of collateral, enabling large-scale minting once access was obtained. The structure effectively depended on trusted offchain controls to enforce limits. USR breaks the peg The market repriced USR sharply following the supply shock. USR was trading near $0.19 at the time of writing, down more than 56% over the past 24 hours, according to CoinMarketCap. Trading activity also weakened as users reduced exposure during the recovery. Redemptions and recovery plans Resolv said it is preparing to reopen redemptions for pre-incident USR holders, starting with allowlisted users. The protocol currently holds about $141 million in assets, and the team said it is working with partners, analytics firms, and law enforcement to trace and contain illicitly minted tokens. Users have been advised not to trade USR or related assets during the recovery phase, noting that post-exploit activity could affect outcomes. Broader implications The incident underscores a recurring DeFi risk: critical safeguards that rely on offchain controls rather than onchain-enforced limits. Even with collateral intact, the ability to mint unbacked tokens has damaged confidence in USR's backing. Restoring trust will hinge on isolating the illicit supply and reestablishing credible accounting. Final Summary Resolv's exploit expanded USR supply by roughly $80 million without directly draining collateral, exposing vulnerabilities tied to offchain control mechanisms. USR's depeg reflects a sharp loss of confidence, and recovery now depends on containing the illicit issuance and restoring the integrity of the stablecoin's backing.

Goldman Sachs has raised its estimate for the likelihood of a U.S. recession over the next 12 months to 30%, up 5 percentage points, citing a sharp rise in oil and natural gas prices, Odaily Planet Daily reported. The bank said the energy price shock, tighter financial conditions linked to the Middle East conflict, and the waning boost from last summer's major tax law changes under President Trump have worsened the outlook. Chief economist Jan Hatzius also lifted his baseline projection for the year-end unemployment rate to 4.6%. Goldman still expects the Federal Reserve to cut interest rates in September and December. It forecasts that U.S. GDP growth in the second half of this year will run below trend, with annualized growth seen at 1.25% to 1.75%. Earlier Monday, the bank raised its oil price forecast for this year, pointing to ongoing disruptions to energy transport through the Strait of Hormuz. Goldman said the conflict could push up global inflation and trim global GDP growth by 0.4 percentage points; in a worst-case scenario, the hit to GDP could be two to three times larger. (Jin10)

ChainCatcher reported that Arkham data shows Revolut received four sizable SOL transfers at around 00:21, totaling 369,917.26 SOL (about $161 million). All of the transfers originated from Fireblocks Custody.

European Bitcoin Treasury H100 said it plans to triple its Bitcoin holdings by acquiring two companies.

The agentic economy is moving from concept to deployment, and the infrastructure layer is now the priority. @trondao has committed $1 billion to support that buildout, expanding its AI Fund from $100M. The focus areas include agent identity, stablecoin payment rails, tokenized real-world assets, and autonomous financial tooling.

Bitcoin has climbed 11% as the US debt crisis deepens, while gold has fallen 16% over the same period.