📢 Today’s Top Crypto Headlines:
⚠️ Balancer Hack Shakes DeFi Confidence
• $116 M stolen from Balancer V2 vaults/liquidity pools via smart-contract exploit
• Impact spread to Berachain and several DEX forks, prompting pauses in trading
• One whale withdrew $6.5 M post-attack amid panic
• Occurred despite 10+ audits — possibly aided by AI-generated code, raising trust concerns in DeFi audits
💼 Ripple Expands Institutional Reach
• Integrated Hidden Road (recent acquisition) into Ripple Prime
• Enables OTC spot trading for RLUSD, XRP & other digital assets in the U.S.
• Adds cross-margining across OTC, swaps & CME derivatives — boosting capital efficiency
🏦 Ripple Strengthens Through Acquisitions
• Acquired Palisade (custody & wallet tech firm) to enhance institutional services
• Follows prior deals:
- Hidden Road ($1.25B)
- Rail ($200 M)
- GTreasury ($1B)
• Ripple’s total 2025 investment in crypto infrastructure ≈ $4 B
🧩 Animoca Brands to List on Nasdaq
• Plans reverse merger with Currenc Group Inc., completing by 2026
• Post-merger, Animoca shareholders → 95% ownership
• Backed by Kingsway Capital, 50T Funds, SoftBank — signifying strong institutional confidence in Web3 growth
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