Today’s Top Stories

Balancer Under Attack (Again)

First up - the DeFi protocol Balancer is under attack again. Apparently, their front end got hacked, with $238K already stolen. 

Users are being prompted to approve some shady contract that empties their wallets. Not a good look. This is the second Balancer hack in a month after a $2M exploit last time around.

We advise peeps to avoid the Balancer UI for now until they fix this mess. Just another reminder that DeFi desperately needs more security measures to lock down those vulnerabilities. Hackers see blood in the water.

Read the details here!

FTX Sues SBF’s Parents for Stealing Millions

In other chaos, FTX just sued SBF's parents for allegedly snatching millions during their time with the exchange. They're accusing papa Bankman and mama Fried of enriching themselves instead of protecting FTX creditors. 

The lawsuit claims SBF's folks failed to investigate some whistleblower complaints that could've saved FTX from imploding. FTX wants those missing funds back in creditors' pockets where they belong. 

SBF's lawyers are calling BS on the whole thing. But the plot thickens in this FTX saga…

Read more!

Standard Chartered’s Zodia Custody Launches Staking Service

Now for some good news - Standard Chartered's crypto subsidiary Zodia Custody is letting clients earn a yield on their holdings through a new staking service. 

By tokenizing assets like treasury notes, investors can get their passive income without ever leaving the crypto world. It's a win-win for institutional investors looking to dip their toes in.

With major banks like Standard Chartered offering services like this, it's a bullish sign for crypto's mainstream adoption.

Here are more details about this service!

Japan’s Largest Investment Bank Nomura Launches Bitcoin Adoption Fund

Speaking of mainstream adoption, Nomura just launched a new Bitcoin Fund to bring institutional investors onto Team Crypto. The fund provides exposure to BTC in a secure, regulated manner.

As more giants like Nomura jump in, it'll give pension funds and family offices the confidence to start allocating crypto. Bullish on Bitcoin!

Learn how it aims to help institutional investors!

Chainalysis: India Ranks Second Globally in Crypto Transaction Volume

Finally, Chainalysis reports India has emerged as the #2 crypto market on the planet in terms of transaction volume. We're talking a whopping $269 billion from July 2022 to June 2023!

With that kind of grassroots adoption, India is leading the crypto revolution in Asia despite heavy taxes. You can't stop this train, baby!