Ethereum Bridge Exploit KelpDAO Sues LayerZero
Evercrest Technologies sues LayerZero entities over a $292M rsETH bridge exploit, alleging negligence and misrepresentation. Case filed in British Columbia’s Supreme Court. #Breaking #Legal
Bridge
Stablecoin Firm Bridge Secures Bank Charter Approval
@Bridge, a stablecoin infrastructure firm owned by Stripe, received conditional approval from the U.S. Office of the Comptroller of the Currency to form a national trust bank for issuing stablecoins. #Update #Crypto $USDC
Bitcoin Raises $10M to Boost Institutional BTCFi
BitcoinOS (BOS) raises $10M led by Greenfield Capital to enhance institutional Bitcoin finance tools and developer protocols, aiming for programmability on Bitcoin without protocol changes. #Update #Crypto $BTC
Stripe’s Bridge Seeks National Bank Charter
@Bridge, acquired by @Stripe, applied for a national bank trust charter with the OCC to enhance its stablecoin services, joining a surge of issuers seeking federal oversight. #Update #Crypto $USDC
Fantom Foundation Creates Sonic Foundation, Labs for New Sonic Chain
Fantom Foundation unveils Sonic Foundation & Labs to back Sonic Chain, integrating $S token with $FTM for groundbreaking interoperability, aiming for a transformative impact on blockchain’s future.