Crypto Pills

Native Markets leads early voting for Hyperliquid’s USDH stablecoin contract, indicating initial support for moving the product toward activation on the platform. The development points to sustained interest in stablecoin-linked instruments among active participants watching governance outcomes for new trading contracts.

SwissBorg’s SOL Earn wallet suffers an exploit totaling $41.5 million, impacting Solana-linked yield holdings on the platform. The breach highlights ongoing security risks around custodial earn products and reinforces scrutiny over safeguards protecting user funds tied to SOL-denominated programs.

Ethereum experiences a rare mass slashing event attributed to operator issues, with multiple validators penalized simultaneously. The incident underscores operational risk in staking, emphasizing the importance of resilient configurations and monitoring to avoid coordinated penalties across validator sets.

The U.S. Securities and Exchange Commission postpones action on BlackRock’s proposal involving staking for an Ethereum ETF and defers decisions on Franklin Templeton’s XRP and Solana funds. The delay extends regulatory uncertainty for prospective crypto investment products seeking approval in U.S. markets.

Binance and Franklin Templeton, which oversees about $1.6 trillion, announce a partnership aimed at accelerating mainstream adoption of digital assets. The collaboration seeks to leverage a major exchange’s reach alongside a large asset manager’s scale to broaden access to crypto-related services.