Allbridge Core paused its protocol after an attacker exploited its USDC/USDT stablecoin liquidity pools on Solana, draining over $1.1 million using a $1.12 million USDC flash loan from Kamino. The attacker manipulated pool ratios through rapid swaps, withdrew inflated liquidity, and repaid the loan within the same transaction. The stolen funds were routed through privacy protocols to hide their trail. Allbridge is investigating the incident and has asked traders who profited from the imbalance to return funds to compensate affected liquidity providers. This follows a similar flash loan exploit on Allbridge in April 2023 that caused $570,000 in losses.
Solana is expanding its ecosystem to become a one-stop platform for trading stocks, real-world assets, and crypto, likened to the 'Netflix or Amazon of finance.' Its real-world asset sector recently hit a $3.9 billion valuation, covering over 2,600 a...
Morgan Stanley increased its holdings in BlackRock's spot Bitcoin ETF by 23% to about 16.5 million shares during Q2, despite Bitcoin's price decline lowering the position's value to $549 million. The bank also expanded its exposure to Ether and Solan...
Solana (SOL) is stabilizing near $76, testing a key resistance zone between $80 and $85 that it must reclaim to confirm a stronger recovery. Analysts highlight layered support levels at $76.69, $67.06, and $53.33, with potential for a rebound if Bitc...
Solana is trading near $75.88, defending a crucial support zone that could lead to a rise toward $80 if resistance is broken. Meanwhile, the crypto exchange Bullish has launched tokenized stock trading on the Solana network, completing its first regu...
Bitwise Asset Management and Superstate have partnered to explore tokenized shares for selected Bitwise funds, starting with the Solana staking ETF (BSOL). This model would allow investors to hold ETF shares recorded either traditionally or on a bloc...
