The release of U.S. inflation data has triggered a significant sell-off in the cryptocurrency market, impacting major digital assets. Concurrently, the Verus-Ethereum cross-chain bridge suffered a security breach, resulting in losses exceeding $110 million. This incident highlights ongoing vulnerabilities in cross-chain protocols.
In other developments, the total stablecoin supply has surpassed $300 billion, although its growth rate has decelerated. Meanwhile, the on-chain real-world asset (RWA) market cap has exceeded $65 billion, with Ethereum accounting for 33% of this value. Additionally, the daily trading volume of tokenized stocks reached a record high of $3.57 billion, reflecting increased interest in tokenized financial instruments.
U.S. Inflation Data Sparks Crypto Sell-Off; Ethereum Bridge Hacked for $110M
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