8/14/25 | Odin.fun $7M Hack, OKX Burns 65M OKB, Stablecoin Banking Battle, BNY Mellon RWA Custody

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AltXCrunch

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Welcome to AltXCrunch, your Monday through Friday journey through the world of cryptocurrency with Makenzie. Each episode delivers the day's most impactful headlines in a concise format, keeping you updated and ahead. Whether you're a seasoned enthusiast or new to blockchain, AltXCrunch is your go-to source for all things crypto. Subscribe now to stay informed and empowered! --- AltXCrunch is powered by ALTINVEST, a state-of-the-art Al based Intelligent Strategic Lending Bot that can maximize lending profit with minimal efforts. Unlock your passive income 👉 https://reurl.cc/rrma7k

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8/14/25 | Odin.fun $7M Hack, OKX Burns 65M OKB, Stablecoin Banking Battle, BNY Mellon RWA Custody

AltXCrunch

4 minutes

3 months ago

8/14/25 | Odin.fun $7M Hack, OKX Burns 65M OKB, Stablecoin Banking Battle, BNY Mellon RWA Custody

In today's AltCrunch daily recap, Mackenzie covers yesterday's major security breach at Odin.fun where hackers exploited an AMM vulnerability to steal 58.2 BTC worth $7 million, raising serious questions about Launchpad security. We explore OKX's historic burn of 65.26 million OKB tokens, reducing supply to just 21 million while restructuring their entire ecosystem with X Layer upgrades. Looking at regulatory developments, U.S. banking institutions are pushing back against the GENIUS Act's loopholes that could shift $6.6 trillion from traditional deposits to stablecoins. Plus, BNY Mellon's groundbreaking partnership with OpenEden to custody the first Moody's A-rated tokenized U.S. Treasury product, marking another milestone in RWA adoption. Your daily dose of crypto's most important developments—follow us on X @altinvestbot (A-L-T-I-N-V-E-S-T-B-O-T) for real-time updates!

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AltXCrunch is powered by ALTINVEST, a state-of-the-art Al based Intelligent Strategic Lending Bot that can maximize lending profit with minimal efforts.
Unlock your passive income 👉 https://reurl.cc/rrma7k