Kalshi
6 hours Crypto Highlights: G7 Stablecoins, Hacks, and Market Movements
Bank of America and other major institutions are exploring the potential of G7-pegged stablecoins. This initiative aims to improve the efficiency of cross-border payments, showcasing the increasing interest in regulated digital currencies.
A recent exploit on the #Hyperliquid platform resulted in a loss of $21 million, raising concerns over the security measures in decentralized finance (DeFi). This incident underscores the vulnerabilities that can affect even established platforms in the crypto space.
6h Crypto Highlights: Market Trends, Token Movements, & Predictions
#RLUSD has launched a $20 million merchant network aimed at competing with #USDC, marking a significant move in the stablecoin arena. This initiative highlights the growing interest in diversifying stablecoin options within the crypto market.
Citibank is facing allegations for reportedly ignoring signs of a $20 million crypto romance scam. The case underscores the ongoing challenges financial institutions face in effectively managing and preventing fraud in the digital asset space. 🕵️♂️