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Crypto
XRP 200,000 stolen in 97 minutes fuels debate over Coreum bridge security flaw
About 200,000 XRP was stolen from the Coreum cross-chain bridge after an attacker exploited weaknesses in its deposit verification logic, investigators said. The attacker allegedly made fake deposits appear real by moving bridge-issued wrapped tokens between wallets and inserting Coreum transfer details in transaction memos. Relayers checked that transactions occurred and memos existed, but did not confirm deposits reached the bridge address. A quorum of 17 signatures then approved withdrawals, sending XRP from the bridge wallet.
Crypto
U.S. GENIUS Act detailed rules deadline set for July 18 as stablecoin issuers face shakeout
The U.S. stablecoin market may tilt further toward large issuers as a July 18 deadline approaches for finalising detailed rules under the GENIUS Act. The regime would require high-liquidity reserves, monthly verification, licensing and anti-money laundering systems. Industry participants say the rules could raise barriers for smaller issuers because many compliance costs are largely fixed. The law also bans paying interest simply for holding tokens, shifting issuer profitability toward reserve returns and distribution reach.
Crypto
Range raises $8.3 million to expand stablecoin-fiat integration platform
Range, a stablecoin startup headquartered in Zug, Switzerland, raised $8.3 million in a Series A round. The Block reported that its total funding has increased to $11 million. The round included fintech funds such as Switzerland’s TX Ventures and U.S.-based SixThirty, as well as crypto-native investors including Maven 11 Capital and Onigiri Capital. Range provides an integrated platform for companies handling stablecoins and fiat currencies.
