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Flash
- 06:14Loopscale: Law Enforcement Assists in Identifying Culprits Behind Vulnerability Attack, Investigation ConcludedThe modular lending protocol Loopscale has released the final update on the hacking incident on platform X, stating that with the assistance of law enforcement, the perpetrator behind the April 26 vulnerability attack has been identified. They are currently sharing relevant information with other protocol teams to help prevent similar incidents and support broader ecosystem security. The related investigation has now concluded, and the focus will shift back to building and strengthening security measures. All functions will soon be restored, setting a new standard for on-chain lending.
- 06:08US Stablecoin Bill May Pass on May 26, Provisions Targeting Trump Family RemovedThe U.S. Senate plans to pass the "Guidance and Establishment of National Innovation Stablecoin Act" (GENIUS Act) as early as May 26, which aims to establish a federal regulatory framework for stablecoins. Previously, Democrats blocked its progress on May 8 due to concerns that the bill might benefit former President Trump and his family from crypto projects. To reach a consensus, the bill has removed the clauses related to the Trump family.
- 06:08Franklin Templeton Approved to Launch Tokenized Fund in SingaporeChainCatcher reports that Franklin Templeton has received approval from the Monetary Authority of Singapore (MAS) to launch its first tokenized fund in Singapore. The fund will be issued and managed through Franklin Templeton's independently developed blockchain platform, aiming to enhance transparency and efficiency in asset management. The fund is expected to be officially launched in the coming months, open to institutional and qualified investors. Franklin Templeton stated that it will continue to explore the application of blockchain and tokenization technology in the asset management field to meet investors' demand for innovative financial products.