Category: crypto

Balancer has identified a rounding bug in its “upscale” function as the cause of the recent hack that drained over $116 million from its platform. Recovery efforts are ongoing, with StakeWise recovering $19 million of osETH for affected users. Security measures have been implemented to freeze vulnerable pools and trace stolen funds.

Tron founder Justin Sun has staked $154.5 million worth of Ethereum on Lido, withdrawing 45,000 ETH from AAVE. This move has led to a shift in his wallet structure, with most of his holdings now in staked ETH, TRX, and other tokens. The decision is seen as a bullish signal for ETH.

Coinbase Europe was fined €21.5 million by the Central Bank of Ireland for anti-money laundering failures. The exchange failed to properly review over 30 million transactions worth €176 billion, taking nearly three years to complete retrospective checks. Regulators cited faults in the exchange’s monitoring system for the lapse.

Investors betting on Donald Trump’s assets have lost billions of dollars as WLFI, Trump Coin, and DJT stocks have plunged this year. Top Trump-associated assets in the crypto and stock markets have crashed, with losses in the billions. Despite this, the Trump family has made over $1 billion in crypto investments.

Franklin Templeton is launching a tokenized USD short-term money market fund in Hong Kong, giving professional investors access to U.S. government debt. The firm plans to expand access to retail investors in the future. The fund is launched in collaboration with HSBC and OSL, leaders in digital assets in Hong Kong.

Former TRON lead Hunter Rogers has joined Bitcoin-native yield platform TeraHash to drive Bitcoin adoption in decentralized finance. TeraHash offers hashrate-backed BTC yield, aiming to make over $20 billion in annual mining revenue accessible to DeFi users. Rogers will lead the platform’s growth phase and ecosystem partnerships to establish it as the institutional standard for…

YZi Labs invested in Funes, a digital heritage platform that preserves global architecture through 3D modeling. The funding will support Funes in creating an open archive of ancient and modern structures. The initiative aims to safeguard crumbling monuments and modern sites alike for future generations.

Tether, KraneShares, and Bitfinex are partnering to promote the adoption of tokenized securities globally. The collaboration aims to leverage Tether’s technology, KraneShares’ ETF expertise, and Bitfinex Securities’ regulatory capabilities to drive the growth of the tokenized assets market, which is projected to reach $10 trillion by 2030.

Grayscale has removed management fees for its Solana Trust ETF to attract more investors. The promotion will last three months or until the fund reaches $1 billion AUM. The fund will stake up to 100% of its SOL at a 7% rewards rate. Grayscale is betting big on Solana’s success.

Solana is forming a Blockchain Payments Consortium with competitors like Polygon, TON, Sui, Monad, and Fireblocks to create a unified framework for blockchain-based payments. The goal is to address interoperability issues and develop a common standard for compliance across different blockchain networks to facilitate institutional capital flow.