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Allbridge Core pauses cross-chain bridge after $1.65M exploit

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The attacker allegedly used a flash loan and rapid swaps to manipulate the bridge’s stablecoin exchange rate.

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Coin Market

Saudi Arabia exits China-backed mBridge CBDC project: FT

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Saudi Arabia has left mBridge, a cross-border CBDC platform that has drawn scrutiny from US policymakers, according to the Financial Times.

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Ondo lets institutions convert stocks directly into tokenized shares

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Ondo’s new in-kind conversion system allows approved institutions to mint and redeem tokenized stocks and ETFs using the underlying securities instead of cash.

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Crypto PAC to spend $30M opposing Sherrod Brown in Ohio, again: NYT

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The digital asset-aligned PAC joined other groups to spend more than a combined $300 million in the 2024 Ohio Senate race, resulting in Sherrod Brown’s loss to Bernie Moreno.

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