European Central Bank (ECB) President Christine Lagarde rejected calls for 
Europe to promote euro-denominated stablecoins this week, warning that the 
risks to financial stability and monetary policy outweigh any benefits. 
Lagarde Warns European Banks That Euro Stablecoins Could Narrow ECB Rate 
Channel Lagarde delivered her remarks at the Banco de España Latam Economic 
Forum in […]

Lagarde Blocks Euro Stablecoin Push, Calls $300B Market a Stability Risk for ECB Policy

Akash&#8217;s deflationary model could enhance AKT&#8217;s value by aligning token supply 
with real-world AI demand, attracting investor interest.
The post Akash reports $175M FDV, launches deflationary burn-mint equilibrium 
for AKT appeared first on Crypto Briefing.

Akash reports $175M FDV, launches deflationary burn-mint equilibrium for AKT

AI-driven air traffic management could revolutionize flight efficiency, 
reducing delays and modernizing infrastructure, but human oversight remains 
crucial.
The post Federal Aviation Administration tests AI system to reduce flight 
delays appeared first on Crypto Briefing.

Federal Aviation Administration tests AI system to reduce flight delays

Ethereum’s share of total decentralized finance ( DeFi) liquidity has fallen 
to its lowest level in years, as rival blockchains chip away at a dominance 
that once exceeded 63%. Rival Chains Close the Gap In absolute terms, Ethereum 
still commands the largest DeFi stack on any single chain, with approximately 
$45.50 billion in TVL. But […]

Ethereum’s DeFi TVL Dominance Drops to 53%, Approaching Multi-Year Low

A third-party provider failure caused Revolut&#8217;s app to show wildly inaccurate 
crypto prices on Friday, the company confirmed, after users flooded social 
media with screenshots of Bitcoin listed at just 2 cents. Related Reading: 
Bitcoin Supply Shock: 100,000 BTC Vanish From Exchanges In Under 90 Days 
Third-Party Provider Blamed For Pricing Chaos Revolut acknowledged the problem 
in a public statement, saying engineers were working on a fix and urging 
customers to check its status page for updates. Hi. We want to help resolve 
the issues you&#8217;re facing with the Bitcoin price notification. We&#8217;re currently 
experiencing issues affecting some of the app&#8217;s functionalities. Please be 
assured that our colleagues are working on this as we speak. Please keep an 
eye on our status page… — Revolut Support (@revolutsupport) May 8, 2026 A 
company spokesperson later confirmed the disruption had been resolved, 
attributing it to a service failure at an unnamed external pricing provider. 
The company said it was still evaluating the full details of what went wrong. 
UPDATE: It wasn’t just Bitcoin. Multiple coins on Revolut appeared to flash- 
crash/glitch at the same time. Looks like a pricing/chart glitch — but for a 
few seconds, everyone thought they discovered the biggest crypto discount of 
all time.#Crypto #Bitcoin #Revolut pic.twitter.com/fIelIbAOor — Dave Flowman 
(@_btcd) May 8, 2026 The glitch wasn&#8217;t limited to Bitcoin. Users reported 
seeing simultaneous price drops across XRP, Solana, and even stablecoins like 
USDT and USDC — assets designed to hold steady at one dollar. Screenshots 
shared on X and Reddit showed Bitcoin&#8217;s 24-hour chart registering a roughly 
50% intraday plunge, with the price briefly anchoring near $39,900 before 
snapping back. Some users also received push notifications warning that BTC 
had hit a 52-week low of 2 cents. According to Revolut, The price of Bitcoin 
has just dropped to $0.02 I guess its time to buy! 😂 
pic.twitter.com/YIbwBGrkeT — That Martini Guy ₿ (@MartiniGuyYT) May 8, 2026 No 
Matching Moves On Any Other Platform Pricing data on major aggregators showed 
nothing unusual during the same window. Bitcoin&#8217;s price on CoinMarketCap and 
CoinGecko held steady, with no sign of any crash in derivatives markets 
either. The anomaly appeared entirely contained within Revolut&#8217;s app. Ranveer 
Arora, a former PwC quantitative trading lead and co-founder of Altura.trade, 
told reporters two explanations are in play. The first is a corrupt data tick 
pushed through Revolut&#8217;s pricing system — a single bad data point that briefly 
anchored the chart before being corrected. Because Revolut is not an exchange 
and pulls prices from outside providers, one faulty input can be enough to 
produce exactly this kind of chart distortion. The second possibility is a 
transient liquidity gap. Revolut&#8217;s order book is shallower than what you&#8217;d 
find on a full exchange, so a large sell order could theoretically exhaust 
available bids and print a sharp downward wick before prices recover. Arora 
noted, however, that the lack of matching prints on any other platform makes 
the data feed explanation more likely. Related Reading: XRP Market Now 
Controlled By Whales? Dominance Reaches 91% On Binance Why Retail Apps Face 
Unique Data Risks Marc Tillement, director of blockchain price oracle Pyth 
Data Association, said the episode shows how quickly a single bad data point 
can distort price perception — particularly in retail-facing systems where 
users may not think to cross-check what they&#8217;re seeing. Tillement said that as 
markets grow more data-dependent, the reliability of pricing infrastructure 
becomes central to how much traders can trust what&#8217;s in front of them. 
Transparent, verifiable data layers, he argued, are what separate a glitch 
from a crisis. Featured image from Pixabay, chart from TradingView

Bitcoin Drops To 2 Cents! Revolut Users Report Massive BTC Price Glitch

Aave&#8217;s partnerships in Latin America could significantly boost financial 
inclusion by providing stable, dollar-denominated returns to the unbanked.
The post Aave partners with Latin American fintechs to enhance DeFi access 
across the region appeared first on Crypto Briefing.

Lagarde Blocks Euro Stablecoin Push, Calls $300B Market a Stability Risk for ECB Policy

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