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DIGIT – Page 218 – DIGIT INFO

Sui Network Hit Again: DeepBook Exploit Adds To Growing List As Token Defies Pressure With Bullish Breakout

A vulnerability in one of the core DeFi protocols on Sui Network exposes the ecosystem to renewed scrutiny. Around 3:18 AM UTC, a bug that led to undercollateralization of the DeepBook Protocol’s USDC margin pool resulted in $239,700 of bad debt. The problem led to the immediate suspension of margin trading as developers raced to … Read more

Lagarde Blocks Euro Stablecoin Push, Calls $300B Market a Stability Risk for ECB Policy

European Central Bank (ECB) President Christine Lagarde rejected calls for Europe to promote euro-denominated stablecoins this week, warning that the risks to financial stability and monetary policy outweigh any benefits. Lagarde Warns European Banks That Euro Stablecoins Could Narrow ECB Rate Channel Lagarde delivered her remarks at the Banco de España Latam Economic Forum in … Read more

Kraken Parent Payward Targets OCC Charter to Unlock Institutional Digital Asset Custody

Payward, the parent company of Kraken, has filed an application with the Office of the Comptroller of the Currency for a national trust company charter aimed at expanding federally regulated custody services for digital assets. Kraken’s Parent Files OCC Trust Charter Application to Serve U.S. Institutional Clients If approved by the OCC, the new entity … Read more

Layerzero Discloses RPC Poisoning Incident Linked to $292M KelpDAO Hack

The cross-chain communication protocol Layerzero Labs disclosed on Friday that its internal infrastructure was compromised by North Korean hackers and a simultaneous DDoS attack during the KelpDAO breach. Layerzero Labs Apologizes for Lazarus Group Security Breach Response Layerzero Labs issued a candid apology for a three-week communication silence following a security breach involving the Lazarus … Read more

Judge Clears $71M ETH Transfer to Aave as rsETH Recovery Enters Final Phase

A U.S. federal judge has authorized the transfer of approximately 30,765 ETH, worth roughly $71 million, to an Aave-controlled wallet, clearing the final legal obstacle in decentralized finance’s most complex recovery effort to date. Recovery Efforts Garner Further Momentum Judge Margaret Garnett issued an order on May 9 modifying a prior asset freeze, permitting the … Read more

Blackrock to Launch Tokenized Money-Market Funds on Ethereum

Blackrock has filed paperwork to debut two tokenized money-market funds on the Ethereum network, offering stablecoin holders a regulated, yield-bearing alternative to sitting in idle digital dollars. Blackrock Eyes $6.1B Fund Tokenization The world’s largest asset manager has submitted paperwork to U.S. regulators to launch a digital share class tied to its roughly $6.1 billion … Read more

MiCA Decoded: ‘We Have an EU Office’ Is Not Enough: Here’s What Regulators Actually Want to See

You have the entity. You have the address. You even have the capital. So why is the regulator still not satisfied? Because under MiCA, substance is an empirical test of whether your business genuinely operates from within the EU, and most applicants underestimate what that actually demands. MiCA Decoded is a 12-article weekly series for … Read more

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