Cronos validators paused the blockchain after attackers exploited Tectonic's lending protocol by inflating TONIC tokens 100-fold and borrowing $75 million in real assets as collateral. Most borrowed funds remain stranded on the halted network as validators assess damage.
T. Rowe Price, managing $1.9 trillion in assets, launched an actively managed multi-token spot crypto ETF holding nine digital assets with Bitcoin comprising 41% of the portfolio. The fund represents the firm's first dedicated crypto investment vehicle for institutional clients.
Tokenized equity transfer volume surged to $29.5 billion, up 415%, as Coinbase launched four share-backed equity tokens on its Base layer-2 network for non-U.S. users. Holder count doubled within a month, signaling growing adoption of on-chain stock trading.
Visa launched the Stablecoin Treasury Engine, enabling banks and fintech firms to issue and settle digital dollars directly on Visa's payments network. The platform positions Visa as a competitor to Circle's USDC infrastructure for institutional stablecoin issuance.
Citadel Securities led a $400 million funding round in Crypto.com, valuing the exchange at $20 billion in its first institutional capital raise. The investment will fund expansion into tokenized securities and derivatives, with CRO token trading up 25% post-announcement.
Written by CoinArticle's AI Newsroom from cited sources. Not financial advice.
You're receiving this because you confirmed a subscription at coinarticle.com.