A major supply chain attack has struck core JavaScript libraries, described as the largest of its kind, with malware aimed at stealing cryptocurrencies.
Hackers compromised a prominent developer’s node package manager (NPM) account, embedding malicious code in widely used libraries that have been downloaded over 1 billion times.
The code manipulates crypto wallet addresses and intercepts transactions, posing a significant threat to the JavaScript ecosystem.
Ledger’s CTO, Charles Guillemet, warned of the attack’s scale, urging caution.
According to Defilama’s founder Oxngmi, the malware doesn’t automatically drain wallets but can alter transactions when users click “swap” on affected sites, redirecting funds to hackers.
Only projects that are updated to the compromised package are vulnerable, but users should avoid crypto websites until the issue is resolved to ensure safety.
Nasdaq Seeks For SEC Approval For Tokenized Stock Trading
Nasdaq, the world’s second-largest stock exchange, has filed a request with the U.S. Securities and Exchange Commission (SEC) to allow tokenized stock trading on U.S. exchanges.
The proposed rule change would amend the definition of a security to include tokenized stocks, enabling them to trade under the same rules as traditional securities, provided they meet equivalency standards.
Nasdaq’s filing emphasizes clear labeling of tokenized assets to ensure proper processing by clearing and settlement entities like the Depository Trust Company.
The exchange defines tokenized stocks as digital representations of ownership using blockchain technology, distinct from traditional digital securities. This move could reshape how stocks are issued and settled, advancing blockchain adoption in traditional finance.
Stablecoins On Ethereum See A New Record High
Ethereum saw an influx of $5 billion in stablecoins last week, bringing the network’s total stablecoin supply to an all-time high of approximately $165 billion, according to Token Terminal.
Alternative data from RWA.xyz reports a slightly lower figure of $158.5 billion, still a record. Ethereum commands a 57% market share in stablecoin hosting, far ahead of Tron (27%) and Solana (less than 4%).
The network’s stablecoin supply has more than doubled since January 2024, solidifying its dominance in the stablecoin ecosystem.
