Latest Developments in Crypto: DeFi Expansion and Security Breaches
In today's crypto news, Curve has partnered with Elixir to widen DeFi access for BlackRock’s tokenized money market fund. The collaboration allows tokenholders of BlackRock’s USD Institutional Digital Liquidity Fund to mint Elixir’s deUSD stablecoin and swap it for other stablecoins using Curve's liquidity pools. Meanwhile, security experts at SlowMist revealed more than 8,620 Solana wallets connected to the recent DEXX hack, which initially resulted in losses totaling $21 million, now updated to around $30 million. The hack affected 900 unique users, with some losses exceeding $1 million. In another notable trend, spot Ether ETFs have outperformed their Bitcoin counterparts, pulling in $224.9 million in net inflows compared to $35.2 million for Bitcoin ETFs in the last trading days. The surge follows an 8% rise in Ether's price, marking a significant moment for Ether funds in net inflow performance.
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