AI-powered summaries of the day's top crypto events
Goldman Sachs has announced its acquisition of NEOS, an ETF manager, for $2.25 billion. This acquisition will add NEOS' $30 billion ETF business, including Bitcoin- and Ether-linked income funds, to Goldman Sachs Asset Management, significantly expanding its presence in the crypto ETF market.
Harmony has confirmed an exploit that resulted in the unauthorized minting of 4 billion ONE tokens, causing the token's value to plummet by 37%. The team is considering a blockchain rollback to address the issue, which would reverse the attack but also undo legitimate transactions.
An attacker exploited a vulnerability in an XRP bridge, creating unbacked XRP on another blockchain and exchanging it for real XRP, resulting in a $200,000 loss. The bridge has been halted, and the operator has filed a complaint with the FBI.
Solana's blockchain nearly froze after a routing bug at a hosting provider took 29% of staked SOL offline. The incident brought Solana 86% of the way to losing finality, highlighting vulnerabilities in network infrastructure.
The SEC and CFTC have filed lawsuits against Goliath Ventures, alleging the company operated a $400 million Ponzi scheme. The scheme promised returns from crypto liquidity pools but instead used funds to pay earlier investors and finance luxury spending.
The CFTC has used emergency powers to allow Kalshi, a prediction-market exchange, to continue operating despite a legal challenge from New York. The case raises questions about the application of state gambling laws to federally regulated event contracts.
The SEC has issued a no-action letter to Franklin Templeton, allowing its traditional registered funds to invest in its onchain BENJI/FOBXX fund. This marks a significant step in integrating blockchain technology into traditional financial systems.