Term Finance loses estimated $8.5M in vault governance exploit
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Cronos halts network after Tectonic exploit involving estimated $75M
Crypto.com CEO Kris Marszalek said the company’s app and exchange were unaffected by the Tectonic breach and continued operating normally.
MiCA is coming for DeFi vaults, but regulation will be difficult
Brussels is reviewing whether crypto lending should fall under MiCA, but DeFi lending vaults are making it harder to determine who, exactly, should be regulated.
MAYAChain halts network after estimated $1.7M exploit
A preliminary analysis says six chained bugs let a 23-message transaction drain 48.87 million CACAO, sending the token down nearly 89%.
TermiX, the agent-based commercial clearing layer, has officially launched mainnet and released the BNB Chain ecosystem Agents Marketplace: Agent.family
According to Mars Finance, TermiX, an AI agent commercial clearing layer, has officially launched mainnet and introduced the BNB Chain ecosystem Agents Marketplace. Agents can register ERC8004-based Agent IDs on the marketplace and post, accept, and verify over 120 different types of Agent Jobs. Major agents, including OpenClaw and Hermes, can integrate TermiX Skills with a single click, gaining the ability to conduct agent commercial activities globally. TermiX is reportedly an AI agent commercial clearing layer on the BNB Chain, and in May of this year, it announced a $1 million investment from YZi Labs.
JPMorgan Chase: Potential obstacles to a Tesla-SpaceX merger have been underestimated.
According to Mars Finance, on July 8th, JPMorgan analyst Rajat Gupta stated that while a Tesla-SpaceX merger "looks plausible on paper," current speculation surrounding the merger underestimates the potential obstacles hindering the deal. These potential obstacles include regulatory approvals across multiple jurisdictions; governance and voting rights symmetry; and the perception that "the merger will be a SpaceX-led acquisition, rather than a merger of equals." He added, "Overall, we will be watching SpaceX's acquisition currency, the regulatory landscape, and Musk's voting rights in Tesla as catalysts for a potential merger." JPMorgan stated that if the deal occurs, the most likely structure would be a SpaceX-led, all-stock acquisition of Tesla.
Vanguard Group publicly advertised for a head of digital assets, having explicitly stated that crypto assets were inconsistent with its long-term investment philosophy.
According to Mars Finance, Vanguard Group is hiring a Head of Digital Assets for its Personal Wealth business. The job requirements include over 10 years of relevant experience, a deep understanding of digital assets (tokenization, stablecoins, custody, settlement, etc.), and innovation and risk management capabilities in a regulatory environment. This position will be responsible for developing Vanguard's strategy, roadmap, and implementation in the digital asset space, including assessing digital asset capabilities, product development, operating models, and cross-functional collaboration with product, technology, operations, risk, legal, and compliance departments. It will also require representing Vanguard in external communications with industry players, regulators, and clients. It is understood that Vanguard began allowing brokerage clients to trade crypto ETFs and mutual funds last December, but the company has explicitly stated that it has no plans to launch its own crypto investment products, believing that digital assets are still inconsistent with its long-term investment philosophy.