KelpDAO sues LayerZero, CEO over $292M rsETH bridge exploit
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Zach Abrams, co-founder and CEO of Bridge, a stablecoin company under Stripe, will temporarily serve as CEO of Open Standard.
PANews reported on June 30th that, according to Bloomberg, Zach Abrams, co-founder and CEO of Bridge, Stripe's stablecoin infrastructure company, will temporarily serve as CEO of Open Standard. Over 100 fintech companies, payment networks, crypto companies, and banks, including Visa, Stripe, BNY Mellon, BlackRock, Klarna, Chime, Alphabet, and Coinbase, have jointly established the stablecoin consortium Open Standard, planning to issue the US dollar stablecoin Open USD and integrate it into their respective systems later this year.
OG.com cleared by SEC to offer single-stock futures, says Crypto.com CEO
Crypto.com’s CEO said its sister exchange was cleared to offer US access to single-stock perpetual futures, as the latest platform to bridge TradFi and digital assets.
ETH wallet exploit backfires as MEV bot captures $7.7M, Kelp freezes address
An MEV bot known as “Yoink” front-ran an attacker attempting to exploit a custom Safe module, capturing the stolen rsETH before Kelp temporarily froze the receiving address.
The Sandbox pledges 1:1 repayment after $700K bridge exploit
Eligible holders on Base and BNB Chain will receive Ethereum-based SAND from the project’s treasury, with claims expected to open within two weeks.
Meow partners with Stripe and Bridge to provide startups with integrated financial services encompassing fiat and stablecoin currencies.
According to Foresight News , US fintech company Meow has partnered with Stripe and Bridge to provide startups with integrated fiat and stablecoin financial services. Meow issues global corporate cards through Stripe Issuing, currently allowing users to make direct purchases using their stablecoin balances in 10 regions, with plans to expand globally. Simultaneously, leveraging Bridge's Orchestration API and Stripe's treasury, businesses can send and receive stablecoins using their cash balances on the same platform, with fiat and stablecoin balances displayed side-by-side. Furthermore, Meow has achieved one-click integration with QuickBooks and Xero, significantly simplifying the automated reconciliation process for stablecoin transactions, reducing settlement times from hours to minutes.
Strive's CEO announced that the SATA distribution mechanism will no longer automatically increase the supply at $100 by default.
Odaily Odaily reports that Strive CEO Matt Cole announced in a post on the X platform that SATA will no longer automatically issue new shares/tokens at $100 by default. However, the core goal surrounding SATA remains to anchor the price at $100 and minimize long-term volatility. Cole pointed out that unless otherwise communicated, investors should not assume Strive will automatically issue more SATA at the $100 price level. While this mechanism "may still occur" under normal market conditions, the current market environment is "not normal." Therefore, the company needs to maintain greater flexibility in its issuance decisions, which is in line with the long-term interests of shareholders and the stability goals of SATA. Overly rigid issuance rules could be exploited by market forces, increasing volatility risk in the long run. Therefore, an overly rigid mechanism design will not be adopted. Furthermore, whether Strive suspends its issuance or takes other measures will be entirely based on management's assessment of the long-term interests and stability of shareholders, and will not be announced in advance. It is expected to take into account market data such as short ratios and borrowing costs, but will not rely on a single indicator.