Jeremy Allaire: Every major financial institution needs to implement digital assets

According to CoinDesk, StablR has suspended the minting and redemption of USDR and EURR due to a vulnerability in the Ethereum 1-of-3 multi signature wallet exploited by hackers, and has requested exchanges to stop trading and withdrawals of the two currencies. After breaking through a single private key, the attacker set themselves as the administrator and issued approximately 8.35 million USDR and 4.5 million EURR, with an anchor price of approximately 13.5 million US dollars, and actually cashed out approximately 2.8 million US dollars. The incident resulted in insufficient collateral for two coins, causing USDR to drop to around 0.994 US dollars and EURR to drop to around 0.548 US dollars.

Bank of America Global Research has raised its target price for Apple from $330 to $380.

The breach, linked to a 1-of-3 multisig wallet weakness, allowed attackers to compromise a key and mint $13.5 million in unbacked tokens, netting them $2.8 million. What to know : StablR suspended USDR/EURR operations after a cyberattack. The tokens are now under-collateralized and don't meet the 1:1 backing required by MiCA. The breach, linked to a 1-of-3 multisig wallet weakness, allowed attackers to compromise a key and mint $13.5M in unbacked tokens, netting them $2.8 million. Following the breach, the tokens briefly lost up to 50% of their peg; USDR is at $0.994 and EURR is significantly lower at $0.548.

According to Bloomberg, quantum computing company Quantianum Inc. plans to raise $1.05 billion through a US IPO and issue approximately 210 million shares at a price of $45 to $50 per share. Based on the upper limit of the issuance range, the company's market value will reach approximately $12.7 billion. Quantianum is supported by Honeywell International Inc. and is one of the most highly regarded companies in the field of quantum computing.

According to Wintermute, the US stock market hit a new high last week, with BTC and ETH experiencing a slight correction. BTC fell about 1.5% to around $76600, while ETH fell about 1.7%. In the past two weeks, BTC spot ETFs have accumulated a net outflow of over 2 billion US dollars. Recently, institutional buying that pushed BTC up to 80000 US dollars has clearly receded, and ETH/BTC has fallen to a 10 month low. The US stock market continued to rise, driven by the decline in oil prices and US bond yields. After Nvidia announced its performance, the reaction after the market was flat, and the AI sector may have been "perfectly priced". Wintermute pointed out that the BTC price range of $75000 to $76000 has become a key support.