The Block
Quick Take An exploiter, possibly a Norther Korean hacker, was able to obtain the private keys in a social engineering attack that drained $4.4 million worth of cryptocurrencies, the Tapioca Foundation said. The organization worked with the emergency response team SEAL911 and others to recover assets the exploiter had missed.
DBS, Singapore’s largest bank, has launched “DBS Token Services,” a new suite of blockchain-based products designed to enhance liquidity management and streamline operations for institutional clients.BlackRock’s spot Bitcoin ETF added another $309 million in net inflows on Thursday, contributing to more than $1 billion worth of positive inflows for its IBIT product this week alone.The SEC filed a “Civil Appeal Pre-Argument Statement” late Thursday, seeking to challenge the U.S. District Court for the South
Quick Take Decentralized finance can complement more centralized financial sectors, but will not replace it, said Federal Reserve Governor Christopher Waller. Waller also alluded to the need for regulation.
AI bot Truth Terminal became a crypto millionaire after its holdings in the Fartcoin meme token jumped in value.Its largest position is GOAT, a token inspired by the disturbing rectal meme.
Quick Take Benchmark’s Mark Palmer says rather than fretting about the rise in premium to net asset value, investors should focus on the strong BTC Yield enabled by U.S. capital markets and Bitcoin arbitrage. The analyst maintained a ‘buy’ rating on MSTR stock and raised the company’s price target from $215 to $245.
Quick Take The team behind the Bitcoin-focused, EVM-compatible Plasma chain has raised $3.5 million from friends and family. Plasma, focused on expanding access to the USDT stablecoin, is backed by Bitfinex CTO and Tether CEO Paolo Ardoino.
Quick Take The official X account of EigenLayer appears to have been compromised and used to promote a fake airdrop, according to various online reports.
Quick Take An Indian man was jailed on Thursday for stealing over $20 million via a fake Coinbase crypto exchange website. A U.S. judge sentenced the man to 60 months in prison, followed by two years of supervised release.
Quick Take DBS Bank said that its new suite of products will help institutional clients optimize liquidity management and streamline operational workflows. “DBS Token Services” integrates tokenization and smart contract-enabled capabilities with the bank’s existing banking services.
Quick Take Ethereum-based operating system ethOS has introduced dGEN1, a hardware device optimized for onchain dapp interactions. The device features an operating system based on LineageOS, featuring a native Nimbus light client.
