Abracadabra Drained of $13M in Exploit Targeting Cauldrons Tied to GMX Liquidity Tokens
The attack targeted pools tied to GMX liquidity tokens, specifically “cauldrons” using GM tokens as collateral.
Finance
Crypto ETFs Gaining Massive Popularity Among U.S. Advisors as ‘Reputational’ Risk Gone
Crypto is now part of every financial advisor’s conversation and 57% of them plan to increase their allocations, TMX VettaFi senior investment strategist Cinthia Murphy said.
China’s CPIC Rolls Out $100M Tokenized Fund with HashKey as RWA Trend Expands in Asia
Asset tokenization is a red-hot sector in crypto as asset managers around the globe are increasingly leveraging blockchain rails for traditional instruments like bonds and funds.
Fidelity Files for OnChain U.S. Treasury Fund, Joining the Asset Tokenization Race
Tokenized money market funds has grown sixfold in a year to 4.8 billion, currently led by BlackRock’s product.
Dubai Starts Real Estate Tokenization Pilot, Forecasts $16B Market by 2033
The Dubai Land Department’s initiative aims to expand access and transparency for property investments using blockchain rails.
Wallet Infrastructure Provider Privy Raises $15M to Develop Crypto Onboarding Rails
The company said the investment takes its total funding to over $40 million
Tokenization Specialists Securitize and Ethena Unveil Institutional DeFi Blockchain
The Converge blockchain is Ethereum compatible and designed to bring DeFi to tokenized real world assets.
Cardano: Deep Dive on the Trump Reserve Token Whose Blockchain Ignores TVL
The Cardano Foundation measures growth in real-world use cases and not TVL.
ZKsync Sunsets Liquidity Rewards Program, Citing Bearish Market Conditions
The blockchain has lost around 50% of total value locked since Jan. 30.
BlackRock’s BUIDL Fund Tops $1B with Ethena’s $200M Allocation
BUIDL is a key building block for multiple yield-generating offerings as a reserve asset, and it’s increasingly used as collateral on trading platforms.