Modern derivatives and digital asset markets operate under a persistent drag of operational friction. A recent Nasdaq survey reveals that 70% of global firms experience settlement failures on a daily basis. This structural inefficiency forces institutions to maintain excess overnight collateral buffers, tying up capital that could otherwise generate returns. The inability to mobilize assets […]
The two hacks came a little over two weeks apart. On 1 April, attackers drained roughly $285 million from Drift Protocol, a Solana-based derivatives exchange, after spending months posing as a quantitative trading firm to trick employees into authorising malicious transactions. On 18 April, a separate group exploited a single-verifier flaw in Kelp DAO’s […]
JPMorgan Chase filed paperwork on Tuesday for its second tokenized money market fund, four months after becoming the largest global systemically important bank to put a fund on the Ethereum blockchain. The JPMorgan OnChain Liquidity-Token Money Market Fund, ticker JLTXX, will issue digital tokens on Ethereum representing shares in a portfolio of US Treasuries […]
Coinbase cut 700 jobs on Monday. It reported a 394 million dollar quarterly loss on Thursday. On Friday, a data centre overheated in Virginia and the exchange went dark for seven hours. The company that told its remaining engineers that AI could do weeks of work in days spent the end of the week […]
Public blockchains operate as permissionless networks where anyone can send digital assets to any address at any time. This open architecture creates a fundamental technical challenge for compliance teams tracking the flow of funds. Digital assets rarely travel in straight lines. They often move through multiple intermediate wallets before reaching a final destination. This multi-hop […]
Courtesy of Injective Labs
