ECHO token plunges after $76M admin key exploit hits protocol
Echo Admin key compromise enabled $76.7M unauthorized eBTC minting. The attacker used fake eBTC to borrow and bridge real crypto assets. ECHO token dropped sharply as panic selling hit the market fast. The ECHO token came under severe pressure after a major security...
Capital B Buys 192 BTC After $20M Raise as Treasury Strategy Accelerates
Key TakeawaysCapital B bought 192 BTC for $15M (€13M), raising total holdings to 3,135 bitcoin.Adam Back backed Capital B’s $20M (€17.15M) raise, signaling rising BTC treasury adoption.Capital B targets long-term bitcoin accumulation as Europe’s treasury race...
Brazil’s Banking Giant Bradesco Enters the Crypto Custody Race
Key TakeawaysReversing its 2022 stance, Bradesco will next launch a crypto custody service to boost adoption.To legitimize the market, Renata Petrovic said the 5,300-branch bank will next offer full crypto custody.As part of two internal pilots, Bradesco tested...
Tether Backs LemFi in Strategic Investment to Supercharge Migrant Remittances
Key TakeawaysTether invested in LemFi, a remittance app serving 30 countries, to integrate USDT for global payments.CEO Paolo Ardoino notes this validates USDT for LemFi’s 500,000 users, beating fiat in cost and speed.Building on a 2023 $33M raise, LemFi will next...Interesting 13
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