CryptoCryptocurrency

XRP (CRYPTO:XRP) briefly broke below the closely watched US$1.14 support level on Sunday before buyers stepped in, driving the token from a low near US$1.12 back toward US$1.15.

Taiko (CRYPTO:TAIKO) has advised users to withdraw assets from all bridges deployed on its network after an exploit targeting its chain state verification mechanism resulted in losses estimated at up to US$1.7 million.

Morgan Stanley has amended its filings for proposed Ethereum (CRYPTO:ETH) and Solana (CRYPTO:SOL) exchange-traded funds, revealing plans to charge management fees of 0.14% for both products.

Franklin Templeton has filed plans with the US Securities and Exchange Commission for two exchange-traded funds that combine US equities with Bitcoin (CRYPTO:BTC) exposure through dividend reinvestment.

Polygon (CRYPTO:POL) processed US$309 million in Latin American stablecoin volume during May, with co-founder Sandeep Nailwal stating the network led the region in stablecoin activity.

Senator Cynthia Lummis said the Digital Asset Market Clarity Act would protect crypto developers from prosecution for writing code if they do not custody or control customer funds.

Secret Network (CRYPTO:SCRT) suffered a US$4.67 million exploit after an attacker used an “infinite mint” vulnerability to create unbacked Axelar-wrapped assets and redeem them for real assets held in escrow.

A trader on Hyperliquid (CRYPTO:HYPE) deposited US$4.24 million in USD Coin (CRYPTO:USDC) as margin to open a 10x leveraged long position worth approximately US$37.77 million in CL (CRYPTO:CL).

A cryptocurrency whale identified by address 0xaea…c2416 has accumulated approximately US$644,000 in unrealised losses while holding 20x leveraged short positions worth about US$48.78 million.

The Independent Community Bankers of America has asked the Federal Reserve Bank of Kansas City to reassess Kraken Financial's limited-purpose Federal Reserve account.

Pudgy Penguins (CRYPTO:PENGU) announced that its Pudgy Vibes TCG Season 3 trading card series is now available in all Target stores across the United States, expanding the brand's retail presence.

Hyperliquid (CRYPTO:HYPE) recorded US$31.4 million in net ETF inflows over the past seven days, making it one of the strongest-performing cryptocurrency ETF exposures on a relative basis.