• bitcoinBitcoin (BTC) $ 109,141.00
  • ethereumEthereum (ETH) $ 2,568.72
  • tetherTether (USDT) $ 1.00
  • xrpXRP (XRP) $ 2.36
  • bnbBNB (BNB) $ 669.18
  • solanaSolana (SOL) $ 180.55
  • usd-coinUSDC (USDC) $ 0.999786
  • dogecoinDogecoin (DOGE) $ 0.235445
  • cardanoCardano (ADA) $ 0.778768
  • tronTRON (TRX) $ 0.270204
  • staked-etherLido Staked Ether (STETH) $ 2,570.18
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 109,150.00
  • suiSui (SUI) $ 3.70
  • hyperliquidHyperliquid (HYPE) $ 34.78
  • wrapped-stethWrapped stETH (WSTETH) $ 3,094.03
  • chainlinkChainlink (LINK) $ 16.20
  • avalanche-2Avalanche (AVAX) $ 24.36
  • stellarStellar (XLM) $ 0.294278
  • bitcoin-cashBitcoin Cash (BCH) $ 442.89
  • shiba-inuShiba Inu (SHIB) $ 0.000015
  • hedera-hashgraphHedera (HBAR) $ 0.198369
  • leo-tokenLEO Token (LEO) $ 8.78
  • the-open-networkToncoin (TON) $ 3.06
  • litecoinLitecoin (LTC) $ 98.84
  • moneroMonero (XMR) $ 399.51
  • wethWETH (WETH) $ 2,570.74
  • polkadotPolkadot (DOT) $ 4.74
  • usdsUSDS (USDS) $ 0.999823
  • bitget-tokenBitget Token (BGB) $ 5.59
  • pepePepe (PEPE) $ 0.000015
  • wrapped-eethWrapped eETH (WEETH) $ 2,747.64
  • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 0.999601
  • pi-networkPi Network (PI) $ 0.766540
  • ethena-usdeEthena USDe (USDE) $ 1.00
  • whitebitWhiteBIT Coin (WBT) $ 31.85
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 109,142.00
  • aaveAave (AAVE) $ 259.27
  • bittensorBittensor (TAO) $ 443.34
  • uniswapUniswap (UNI) $ 6.20
  • daiDai (DAI) $ 0.999896
  • nearNEAR Protocol (NEAR) $ 2.93
  • aptosAptos (APT) $ 5.60
  • jito-staked-solJito Staked SOL (JITOSOL) $ 216.69
  • okbOKB (OKB) $ 52.40
  • ondo-financeOndo (ONDO) $ 0.978661
  • kaspaKaspa (KAS) $ 0.111890
  • crypto-com-chainCronos (CRO) $ 0.097627
  • internet-computerInternet Computer (ICP) $ 5.46
  • ethereum-classicEthereum Classic (ETC) $ 19.12
  • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
  • official-trumpOfficial Trump (TRUMP) $ 13.35
  • tokenize-xchangeTokenize Xchange (TKX) $ 33.37
  • gatechain-tokenGate (GT) $ 21.45
  • render-tokenRender (RENDER) $ 4.96
  • ethena-staked-usdeEthena Staked USDe (SUSDE) $ 1.17
  • vechainVeChain (VET) $ 0.029268
  • mantleMantle (MNT) $ 0.745524
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 0.911052
  • worldcoin-wldWorldcoin (WLD) $ 1.52
  • ethenaEthena (ENA) $ 0.394919
  • cosmosCosmos Hub (ATOM) $ 5.05
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.243130
  • usd1-wlfiUSD1 (USD1) $ 0.999885
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 109,090.00
  • algorandAlgorand (ALGO) $ 0.233511
  • arbitrumArbitrum (ARB) $ 0.411062
  • filecoinFilecoin (FIL) $ 2.96
  • susdssUSDS (SUSDS) $ 1.05
  • fasttokenFasttoken (FTN) $ 4.41
  • bonkBonk (BONK) $ 0.000023
  • celestiaCelestia (TIA) $ 2.75
  • jupiter-exchange-solanaJupiter (JUP) $ 0.594632
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.998694
  • jupiter-perpetuals-liquidity-provider-tokenJupiter Perpetuals Liquidity Provider Token (JLP) $ 4.69
  • sonic-3Sonic (prev. FTM) (S) $ 0.499553
  • binance-staked-solBinance Staked SOL (BNSOL) $ 190.93
  • binance-peg-wethBinance-Peg WETH (WETH) $ 2,564.96
  • fartcoinFartcoin (FARTCOIN) $ 1.53
  • blockstackStacks (STX) $ 0.956038
  • kucoin-sharesKuCoin (KCS) $ 11.45
  • quant-networkQuant (QNT) $ 96.47
  • virtual-protocolVirtuals Protocol (VIRTUAL) $ 2.10
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 2,688.80
  • optimismOptimism (OP) $ 0.787829
  • injective-protocolInjective (INJ) $ 13.50
  • sei-networkSei (SEI) $ 0.237359
  • nexoNEXO (NEXO) $ 1.25
  • story-2Story (IP) $ 4.48
  • immutable-xImmutable (IMX) $ 0.675867
  • flare-networksFlare (FLR) $ 0.018944
  • rocket-pool-ethRocket Pool ETH (RETH) $ 2,922.40
  • dogwifcoindogwifhat (WIF) $ 1.19
  • usdt0USDT0 (USDT0) $ 1.00
  • eosEOS (EOS) $ 0.755561
  • curve-dao-tokenCurve DAO (CRV) $ 0.828151
  • xdce-crowd-saleXDC Network (XDC) $ 0.070554
  • the-graphThe Graph (GRT) $ 0.114597
  • solv-btcSolv Protocol BTC (SOLVBTC) $ 108,754.00
  • makerMaker (MKR) $ 1,660.04
  • flokiFLOKI (FLOKI) $ 0.000106
  • msolMarinade Staked SOL (MSOL) $ 232.97
  • raydiumRaydium (RAY) $ 3.34
  • mantle-staked-etherMantle Staked Ether (METH) $ 2,738.77
  • theta-tokenTheta Network (THETA) $ 0.921573
  • jupiter-staked-solJupiter Staked SOL (JUPSOL) $ 199.96
  • binance-bridged-usdc-bnb-smart-chainBinance Bridged USDC (BNB Smart Chain) (USDC) $ 0.999422
  • jasmycoinJasmyCoin (JASMY) $ 0.018337
  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 109,015.00
  • galaGALA (GALA) $ 0.019908
  • paypal-usdPayPal USD (PYUSD) $ 0.999488
  • pudgy-penguinsPudgy Penguins (PENGU) $ 0.013700
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 2,694.13
  • spx6900SPX6900 (SPX) $ 0.915710
  • clbtcclBTC (CLBTC) $ 109,073.00
  • polygon-bridged-usdt-polygonPolygon Bridged USDT (Polygon) (USDT) $ 1.00
  • iotaIOTA (IOTA) $ 0.219521
  • tether-goldTether Gold (XAUT) $ 3,364.41
  • wbnbWrapped BNB (WBNB) $ 667.77
  • pyth-networkPyth Network (PYTH) $ 0.143341
  • coredaoorgCore (CORE) $ 0.819632
  • lido-daoLido DAO (LDO) $ 0.901315
  • pax-goldPAX Gold (PAXG) $ 3,365.24
  • stakewise-v3-osethStakeWise Staked ETH (OSETH) $ 2,693.01
  • the-sandboxThe Sandbox (SAND) $ 0.323617
  • zcashZcash (ZEC) $ 48.43
  • pancakeswap-tokenPancakeSwap (CAKE) $ 2.38
  • ethereum-name-serviceEthereum Name Service (ENS) $ 22.80
  • bitcoin-svBitcoin SV (BSV) $ 37.89
  • walrus-2Walrus (WAL) $ 0.571128
  • heliumHelium (HNT) $ 4.06
  • bittorrentBitTorrent (BTT) $ 0.00000074
  • pendlePendle (PENDLE) $ 4.43
  • thorchainTHORChain (RUNE) $ 2.02
  • dexeDeXe (DEXE) $ 12.40
  • kaiaKaia (KAIA) $ 0.119089
  • jito-governance-tokenJito (JTO) $ 2.10
  • based-brettBrett (BRETT) $ 0.069838
  • solv-protocol-solvbtc-bbnSolv Protocol Staked BTC (XSOLVBTC) $ 107,966.00
  • flowFlow (FLOW) $ 0.423294
  • tezosTezos (XTZ) $ 0.640978
  • usdx-money-usdxStables Labs USDX (USDX) $ 0.999761
  • chain-2Onyxcoin (XCN) $ 0.019264
  • grassGrass (GRASS) $ 2.33
  • ousgOUSG (OUSG) $ 111.15
  • usual-usdUsual USD (USD0) $ 0.997643
  • polyhedra-networkPolyhedra Network (ZKJ) $ 2.02
  • decentralandDecentraland (MANA) $ 0.328147
  • binance-peg-dogecoinBinance-Peg Dogecoin (DOGE) $ 0.234604
  • ondo-us-dollar-yieldOndo US Dollar Yield (USDY) $ 1.08
  • l2-standard-bridged-weth-baseL2 Standard Bridged WETH (Base) (WETH) $ 2,567.50
  • super-oethSuper OETH (SUPEROETH) $ 2,566.45
  • ketKet (KET) $ 0.553323
  • bitcoin-avalanche-bridged-btc-bAvalanche Bridged BTC (Avalanche) (BTC.B) $ 109,054.00
  • popcatPopcat (POPCAT) $ 0.552495
  • apecoinApeCoin (APE) $ 0.671910
  • elrond-erd-2MultiversX (EGLD) $ 18.75
  • mantle-restaked-ethMantle Restaked ETH (CMETH) $ 2,731.14
  • cgeth-hashkey-cloudcgETH Hashkey Cloud (CGETH.HASH) $ 2,638.59
  • aerodrome-financeAerodrome Finance (AERO) $ 0.642531
  • aioz-networkAIOZ Network (AIOZ) $ 0.444263
  • reserve-rights-tokenReserve Rights (RSR) $ 0.009063
  • dydx-chaindYdX (DYDX) $ 0.666934
  • sonic-bridged-usdc-e-sonicSonic Bridged USDC.e (Sonic) (USDC.E) $ 0.999754
  • dog-go-to-the-moon-runeDog (Bitcoin) (DOG) $ 0.005183
  • starknetStarknet (STRK) $ 0.165944
  • arbitrum-bridged-weth-arbitrum-oneArbitrum Bridged WETH (Arbitrum One) (WETH) $ 2,570.23
  • mog-coinMog Coin (MOG) $ 0.000001
  • tbtctBTC (TBTC) $ 109,032.00
  • arweaveArweave (AR) $ 7.56
  • true-usdTrueUSD (TUSD) $ 0.998776
  • movementMovement (MOVE) $ 0.193203
  • wormholeWormhole (W) $ 0.104948
  • axie-infinityAxie Infinity (AXS) $ 2.98
  • conflux-tokenConflux (CFX) $ 0.094475
  • neoNEO (NEO) $ 6.75
  • kaitoKAITO (KAITO) $ 1.96
  • aethirAethir (ATH) $ 0.052030
  • pumpbtcpumpBTC (PUMPBTC) $ 104,662.00
  • deepDeepBook (DEEP) $ 0.186193
  • roninRonin (RON) $ 0.707448
  • ecasheCash (XEC) $ 0.000023
  • kavaKava (KAVA) $ 0.422563
  • telcoinTelcoin (TEL) $ 0.004931
  • bridged-usdc-polygon-pos-bridgeBridged USDC (Polygon PoS Bridge) (USDC.E) $ 0.999722
  • beldexBeldex (BDX) $ 0.062636
  • saros-financeSaros (SAROS) $ 0.170150
  • eigenlayerEigenlayer (EIGEN) $ 1.47
  • chilizChiliz (CHZ) $ 0.045437
  • wrapped-hypeWrapped HYPE (WHYPE) $ 34.70
  • akash-networkAkash Network (AKT) $ 1.60
  • morphoMorpho (MORPHO) $ 1.58
  • apenftAPENFT (NFT) $ 0.00000043
  • syrupusdcSyrupUSDC (SYRUPUSDC) $ 1.10
  • beam-2Beam (BEAM) $ 0.008072
  • syrupMaple Finance (SYRUP) $ 0.388023
  • ether-fiEther.fi (ETHFI) $ 1.29
  • mimblewimblecoinMimbleWimbleCoin (MWC) $ 37.65
  • hashnote-usycCircle USYC (USYC) $ 1.10
  • plumePlume (PLUME) $ 0.168663
  • usdbUSDB (USDB) $ 0.991905

Institutions are looking to ‘derisk’ as they enter crypto: Ledger 

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Institutions are looking to ‘derisk’ as they enter crypto: Ledger 

This is a segment from the Empire newsletter. To read full editions, subscribe.

It’s been interesting to hear the Bybit hack mentioned more than a few times during DAS, a conference focused on the institutional adoption of crypto.

Obviously, it’s still a sore subject, and one that is still top-of-mind for industry experts like ZachXBT.

In a Telegram message yesterday, ZachXBT said that the time spent freezing funds after the hack has been “eye-opening,” and that the industry is “unbelievably cooked when it comes to exploits/hacks, and sadly [I don’t know] if the industry is going to fix this itself unless the government forcibly passes regulations that hurt our entire industry.”

That’s not exactly what you want to hear from one of the biggest onchain experts in crypto. But it shows the importance of safety as we mull what a strategic bitcoin reserve really looks like and how banks can offer services around custody and stablecoins.

Ledger CEO Pascal Gauthier told me he’s had a “number of institutions” reach out in the wake of the Bybit hack.

“Beyond custody, they’re looking for access to liquidity from self-custody or regulated custodians … Ultimately they are looking to de-risk, and we can offer them that,” he explained.

Security is, admittedly, something that the Ledger team is not only knowledgeable about, but concerned with in the Bybit aftermath.

(Remember when CTO Charles Guillemet told us that it’s been the “worst year” for cybercrime already?)

“Security isn’t static; it’s constantly evolving,” Gauthier told me. “Security vulnerabilities are emerging at an alarming rate, with attackers exploiting them rapidly, while organizations typically take months to implement fixes. Any trusted partner in crypto will continuously look for any vulnerabilities in their products so that you can have peace of mind. As a whole, industry standards for security need to be raised.”

Indeed, Gauthier is already warning institutional investors away from trying to use retail-grade products, urging them to start the right way with “true enterprise-grade self custody that has a governance layer.”

“Likewise, financial institutions must make tamper-resistant hardware, like Secure Element chips or enterprise-grade systems, [the] foundations of any security strategy, while implementing comprehensive encryption and clear transaction signing protocols to prevent sophisticated attacks.”

Going forward, protection for investors should be the highest priority. Maintaining security at scale rolls into that, but we’ll have to see whether or not the industry can grow to adapt to new security needs.

Here’s the thing: Security isn’t the sexiest conversation. But it shows a level of maturity in the industry that wasn’t even present at DAS London last year.

If conversations are evolving to the point of discussing what’s actually viable, then it shows that we’ve left the more hypothetical stage and have entered the planning stage.

Source

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