Key Takeaways:
~$101.4K (USDC + USDC.e),” with the team confirming the incident was confined to the shadows of deprecated contracts rather than the vibrant heart of live production vaults. A detailed write-up from Web3 security firm Blockaid, cited by CryptoTimes, attributes the loss to a logic flaw in a function called refreshAccount(), which, with the cunning of a fox, changed an account’s status from “Requested credit line” to “GoodStanding” without the necessary checks.
Ondo Finance just strutted into the real-world asset arena, declaring that its Ondo Global Markets platform has surpassed a $1 billion TVL on tokenized stock/ETF assets. The claim: first tokenized equity platform to hit over a billion in under eight months. Bold, faster than a late-night confession and probably with fewer regrets.
Kraken, ever the tight-lipped sea monster, refuses to comment on this tidal wave of cash. “No comment,” it grumbles, its tentacles twitching with anticipation.
As of May 11, XRP price today hovered in a narrow flirtation between $1.45 and $1.46 after kissing an intraday crest near $1.507. The retreat followed a feverish spike on the four-hour canvas, suggesting traders were tucking in short-term profits at the gate of a key resistance zone.
This battle of fees, my dear reader, is but a replay of the ETF wars of 2024, where providers started bold, only to be undercut by Morgan Stanley’s 14 basis points. Ah, the circle of financial life! In the end, retail traders rejoice, while exchanges weep over their shrinking margins. Coinbase, poor soul, has already trimmed its workforce by 14%, citing financial woes.
In the land of Ripple Prime, where digital assets reign supreme, a $200 million debt facility hath been bestowed upon them by the wise (or perhaps foolish) Neuberger Specialty Finance. This financial windfall, announced with great fanfare, aims to satiate the insatiable hunger of institutional clients for prime services and margin financing solutions across both traditional and digital asset markets. A noble quest, indeed, in a realm where the lines between the old and the new are as blurred as a Gogol protagonist’s sense of reality.
Ondo Finance, that decentralised old-timer with a knack for turning paper into possible, today announced that its tokenized stocks and ETFs can be ferried to Hyperliquid’s HyperEVM via LayerZero. The move is meant to widen access to real-world asset gambits within one of the grandest constellations of perpetuals you’ll ever hear tell of.
The token glided from $1.4176 to a session high of $1.5073, then, as if chastened by prudence, profit-taking trimmed the spectacle, leaving XRP clinging near the very ceiling it had once pretended to be. Crucially, the breakout acceleration yesterday arrived with volume leaping above $169M, a figure that whispers of institutional gravity rather than the wild flutter of retail birds chasing shadows.
To make matters delightfully grim, we’ve got hidden bearish RSI divergence humming in the background, plus long-term holders have cut their buying by a full 41%-because of course they have, who’d want to be left holding the parcel when the music stops? The entire leverage stack is lined up against every signal that any sane person would bother to read, if we’re being honest.
