Everything else across crypto, blockchain, and digital assets. 525 stories curated by CryptoCatalyst.
A notorious crypto trading bot known for front-running was tricked and drained of $7.5 million. The bot, named 'JaredFromSubway,' was exploited by an unknown attacker who manipulated the bot's trading logic. This incident highlights the vulnerabilities in automated trading systems and the importance of security in crypto transactions.
1. OVERNIGHT MOVES
BNY Mellon reports that asset managers are rushing to explore blockchain-based ETFs out of fear of missing the early-mover advantage in tokenized finance, a trend that could broaden access to such investments.
Allium, a blockchain data startup, secured $40 million in Series B funding to enhance its infrastructure for institutional clients like Visa and the Federal Reserve. This highlights growing interest in onchain analytics from traditional financial players.
THORChain has restarted all network activities after a month-long pause to fix vulnerabilities that led to a $10.7 million exploit. The team implemented multiple security upgrades and a vault migration to ensure safety.
The European Parliament has approved a legal framework for a digital euro, aiming to reduce reliance on U.S. payment systems. This move could reshape Europe's financial landscape by 2029, offering a state-backed digital currency alternative.
Franklin Templeton has created a dedicated crypto division following the completion of its acquisition of 250 Digital. The move comes as the firm's tokenized assets grew from roughly $768 million to over $2.5 billion in a year.
Anchorage Digital has introduced a new platform allowing banks to offer 24/7 payments and settlements using tokenized deposits. This lets financial institutions leverage blockchain without overhauling their existing systems.
The New York Stock Exchange's parent company, ICE, is teaming up with crypto exchange OKX to advance tokenized securities. This joint venture, co-chaired by a former New York governor, aims to bring blockchain-based financial products to mainstream investors.
Decentralized AI computing is struggling due to high latency and technical challenges. Most attempts to distribute large AI models across consumer GPUs have failed, highlighting the difficulty of this approach.
The market for tokenized real-world assets (RWAs) has grown 40% to $51 billion, with equity tokenization leading the charge at a 130% increase. Industry players are now racing to define the best business model for this rapidly expanding sector.
1. OVERNIGHT MOVES
A security researcher audited 200 blockchain-related NPM packages and found they are either deprecated or pose hijacking risks. This highlights ongoing vulnerabilities in open-source blockchain development tools.
Andre Cronje and two other key figures have stepped down from the Sonic Labs board. The S token, formerly Fantom, is now trading 97% below its peak value.
A Japanese corporate pension fund with about 1,200 participating small and medium-sized businesses plans to allocate roughly 1% of its assets to crypto, according to Nikkei.
Secret Network lost $4.67 million in an infinite-mint exploit on the Axelar bridge, which went undetected for seven days. The attacker still holds about $770,000 in an Axelar wallet, which Axelar declined to freeze.
1. OVERNIGHT MOVES
AI-powered security tools are becoming more accessible, potentially changing how crypto developers and institutions approach security. This shift could lower the cost and time required to deploy secure code, making robust security practices harder to ignore.
Charles Schwab is launching event-based options tied to the S&P 500, allowing customers to bet on index moves. This move comes as Coinbase and Robinhood also expand their offerings in the prediction markets sector.
Two brothers held a Minnesota family hostage at gunpoint for eight hours, forcing the father to transfer $8 million in cryptocurrency. They have now pleaded guilty to the crime. The case highlights the growing intersection of physical violence and digital crime.
1. OVERNIGHT MOVES
Algorand is working on upgrades to protect its blockchain from potential threats posed by quantum computing. The company plans to have these security measures in place by the end of 2027. This is a proactive step to safeguard user data and transactions against future technological advancements.
Digital Credit experienced significant volatility, testing holders' resilience. The data underlying this turbulence offers valuable insights worth examining. The exact nature of the volatility and the specific data points are not detailed in the source, but the tweet hints at interesting findings beneath the surface.
Base's Beryl upgrade introduces the B20 native token standard, cuts withdrawal delays to 5 days, and activates on mainnet June 25.