JPMorgan Chase & Co. has executed a landmark $50 million commercial paper issuance for Galaxy Digital on the Solana blockchain, settling entirely in the USDC stablecoin with Coinbase and Franklin Templeton as buyers. This transaction represents the first time the banking giant has moved real-world corporate debt onto a public blockchain with participants from the crypto ecosystem, signaling a strategic pivot from closed, permissioned ledgers to open infrastructure. The deal underscores a broader institutional trend where tokenized assets, from Treasury funds to corporate debt, are rapidly expanding beyond proof-of-concept pilots into production-grade financial infrastructure.
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0 posts last weekCFTC Appoints Crypto Leaders to Digital Asset Markets Subcommittee
The Commodity Futures Trading Commission has appointed top executives from Uniswap, Aptos, Chainlink, JP Morgan, and Franklin Templeton to its Digital Asset Markets Subcommittee, signaling the regulator’s deepening engagement with the cryptocurrency industry. The appointments, made under Acting Chair Caroline D. Pham, represent a strategic move to incorporate industry expertise as the CFTC develops regulatory frameworks for digital assets, bridging traditional finance and emerging crypto markets.
about CFTC Appoints Crypto Leaders to Digital Asset Markets SubcommitteeSEC Delays Crypto ETF Decisions, Eyes October Approvals
The Securities and Exchange Commission has delayed decisions on three significant crypto ETF applications, including BlackRock’s Ethereum staking ETF and Franklin Templeton’s spot XRP and Solana ETFs. These postponements come as the regulator works with US exchanges to develop a standardized listing framework that would eliminate individual rule-change requests for qualifying crypto assets. The new framework would use metrics like market capitalization, trading volume, and liquidity to determine eligibility, potentially shortening approval timelines. Meanwhile, a Dogecoin ETF is set to launch under the 40 Act structure, which could catalyze broader approval momentum. With over 90 crypto ETF applications pending from major issuers, analysts predict a wave of approvals in October when many filings reach their final decision deadlines.
about SEC Delays Crypto ETF Decisions, Eyes October ApprovalsBybit CEO Urges Urgent Action to Recover Stolen 1.4 Billion in Crypto
Bybit’s CEO, Ben Zhou, has declared a “critical” week to recover $1.4 billion stolen by North Korean hackers, with 20% of the stolen Ethereum already “gone dark.” While 77% of the funds remain traceable, only 3% has been successfully frozen. The exchange has initiated a $140 million bounty program to combat the Lazarus Group, with $2.17 million already paid to bounty hunters.
about Bybit CEO Urges Urgent Action to Recover Stolen 1.4 Billion in CryptoBybit Launches Bounty Program to Recover Stolen 1.5 Billion Dollars in Ethereum
Bybit has launched a bounty program to recover $1.5 billion in Ethereum stolen by the Lazarus Group, a North Korean cybercrime organization. CEO Ben Zhou announced that rewards totaling $140 million are available for those who report transactions linked to the theft. The attack exploited vulnerabilities in the SafeWallet software, leading to the diversion of over 400,000 ETH to an unidentified address.
about Bybit Launches Bounty Program to Recover Stolen 1.5 Billion Dollars in EthereumLazarus Group Executes Record 1.46 Billion Dollar Bybit Ethereum Theft
The Lazarus Group, linked to North Korea, executed a staggering $1.46 billion theft from Bybit, marking one of the largest financial crimes in history. Experts noted the group’s unprecedented speed in laundering $160 million within two days, raising concerns about North Korea’s enhanced capabilities in cybercrime. Bybit’s CEO called for a “war against Lazarus,” emphasizing the urgent need for improved cybersecurity measures across the crypto industry.
about Lazarus Group Executes Record 1.46 Billion Dollar Bybit Ethereum TheftPi Network Overcomes Internal Conflict and Sees Token Price Surge
In 2020, Pi Network faced significant internal conflict when co-founder Vincent McPhilip sued Nicolas Kokkalis and Chengdiao Fan, alleging unfair removal and mismanagement. The lawsuit, which included claims of disputes disrupting operations, lasted three years before settling in July 2023. Despite controversies, Pi Network’s token price surged 86% to $1.64, with a market cap of approximately $10 billion.
about Pi Network Overcomes Internal Conflict and Sees Token Price SurgeBybit Loses Six Billion Dollars in Reserves After Major Exploit
Bybit’s reserves plummeted by over $6 billion in just two days following a $1.4 billion exploit, leading to a mass withdrawal of funds. On February 22 and 23, the exchange processed $2.5 billion and $3.26 billion in withdrawals, respectively, primarily in stablecoins and Bitcoin. Despite the turmoil, CEO Ben Zhou assured users that client assets remain fully backed on a 1:1 basis.
about Bybit Loses Six Billion Dollars in Reserves After Major ExploitBybit Recovers from 1.46 Billion Dollar Ethereum Hack and Offers Bounty
Bybit CEO Ben Zhou announced that the exchange has fully recovered from the $1.46 billion Ethereum hack, with all client assets now backed 1:1. The recovery involved receiving 446,870 ETH through whale support, loans, and OTC market purchases. Zhou also offered a 10% bounty for information leading to the recovery of stolen funds.
about Bybit Recovers from 1.46 Billion Dollar Ethereum Hack and Offers BountyBybit Secures 239 Million Dollar ETH Loan After Major Hack
Bybit is facing a liquidity crisis following a $1.5 billion hack of its cold wallet, primarily affecting Ether. In response to a surge in withdrawal requests, the exchange secured over 88,000 ETH (approximately $239 million) from Binance and Bitget to stabilize its operations. CEO Ben Zhou reassured users that customer funds are backed 1:1 and the exchange remains solvent despite the incident.
about Bybit Secures 239 Million Dollar ETH Loan After Major HackInvestor Concerns Rise Over U S Stock Valuations at 24 Year High
Investor concerns about overvalued U.S. stocks have reached a 24-year high, with 89% of respondents in a recent survey indicating this sentiment. Despite strong performance from U.S. stocks, worries about market concentration and the potential decline of the “Magnificent 7” persist. Meanwhile, global equities are now viewed as the most promising asset class, as cash levels among investors drop to a 15-year low and fears of a global recession diminish.
about Investor Concerns Rise Over U S Stock Valuations at 24 Year HighMeteora Co-Founder Ben Chow Resigns Following Libra Controversy
Meteora co-founder Ben Chow has resigned following the fallout from the Libra project. This development raises questions about the future direction of the company amidst ongoing challenges in the cryptocurrency landscape.
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