• bitcoinBitcoin (BTC) $ 87,524.00
  • ethereumEthereum (ETH) $ 1,617.78
  • tetherTether (USDT) $ 1.00
  • xrpXRP (XRP) $ 2.12
  • bnbBNB (BNB) $ 602.52
  • solanaSolana (SOL) $ 137.85
  • usd-coinUSDC (USDC) $ 0.999928
  • dogecoinDogecoin (DOGE) $ 0.160869
  • cardanoCardano (ADA) $ 0.642017
  • tronTRON (TRX) $ 0.241979
  • staked-etherLido Staked Ether (STETH) $ 1,617.37
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 87,549.00
  • chainlinkChainlink (LINK) $ 13.41
  • avalanche-2Avalanche (AVAX) $ 20.39
  • leo-tokenLEO Token (LEO) $ 9.02
  • stellarStellar (XLM) $ 0.256744
  • the-open-networkToncoin (TON) $ 3.01
  • shiba-inuShiba Inu (SHIB) $ 0.000013
  • suiSui (SUI) $ 2.23
  • usdsUSDS (USDS) $ 0.999928
  • hedera-hashgraphHedera (HBAR) $ 0.169866
  • wrapped-stethWrapped stETH (WSTETH) $ 1,941.79
  • bitcoin-cashBitcoin Cash (BCH) $ 338.09
  • litecoinLitecoin (LTC) $ 79.98
  • hyperliquidHyperliquid (HYPE) $ 18.01
  • polkadotPolkadot (DOT) $ 3.90
  • bitget-tokenBitget Token (BGB) $ 4.46
  • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 0.998725
  • ethena-usdeEthena USDe (USDE) $ 0.999379
  • wethWETH (WETH) $ 1,618.62
  • pi-networkPi Network (PI) $ 0.635364
  • whitebitWhiteBIT Coin (WBT) $ 28.14
  • moneroMonero (XMR) $ 215.31
  • wrapped-eethWrapped eETH (WEETH) $ 1,724.24
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 87,677.00
  • pepePepe (PEPE) $ 0.000008
  • uniswapUniswap (UNI) $ 5.42
  • aptosAptos (APT) $ 5.15
  • daiDai (DAI) $ 0.999789
  • okbOKB (OKB) $ 51.05
  • gatechain-tokenGate (GT) $ 22.97
  • ondo-financeOndo (ONDO) $ 0.874671
  • nearNEAR Protocol (NEAR) $ 2.29
  • bittensorBittensor (TAO) $ 312.67
  • tokenize-xchangeTokenize Xchange (TKX) $ 32.63
  • susdssUSDS (SUSDS) $ 1.05
  • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
  • ethereum-classicEthereum Classic (ETC) $ 16.05
  • internet-computerInternet Computer (ICP) $ 4.95
  • crypto-com-chainCronos (CRO) $ 0.083025
  • render-tokenRender (RENDER) $ 4.39
  • mantleMantle (MNT) $ 0.661301
  • aaveAave (AAVE) $ 143.31
  • kaspaKaspa (KAS) $ 0.082849
  • ethena-staked-usdeEthena Staked USDe (SUSDE) $ 1.17
  • vechainVeChain (VET) $ 0.024202
  • cosmosCosmos Hub (ATOM) $ 4.24
  • fasttokenFasttoken (FTN) $ 4.23
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 87,401.00
  • filecoinFilecoin (FIL) $ 2.68
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.199841
  • algorandAlgorand (ALGO) $ 0.199132
  • official-trumpOfficial Trump (TRUMP) $ 8.41
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 0.635989
  • ethenaEthena (ENA) $ 0.297454
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.999813
  • celestiaCelestia (TIA) $ 2.59
  • sonic-3Sonic (prev. FTM) (S) $ 0.481696
  • arbitrumArbitrum (ARB) $ 0.310639
  • jupiter-perpetuals-liquidity-provider-tokenJupiter Perpetuals Liquidity Provider Token (JLP) $ 3.90
  • solv-btcSolv Protocol SolvBTC (SOLVBTC) $ 87,328.00
  • kucoin-sharesKuCoin (KCS) $ 10.01
  • optimismOptimism (OP) $ 0.725173
  • binance-staked-solBinance Staked SOL (BNSOL) $ 144.03
  • makerMaker (MKR) $ 1,375.59
  • jupiter-exchange-solanaJupiter (JUP) $ 0.398273
  • xdce-crowd-saleXDC Network (XDC) $ 0.071850
  • blockstackStacks (STX) $ 0.706289
  • flare-networksFlare (FLR) $ 0.016314
  • nexoNEXO (NEXO) $ 1.03
  • worldcoin-wldWorldcoin (WLD) $ 0.790865
  • story-2Story (IP) $ 3.78
  • eosEOS (EOS) $ 0.646052
  • binance-peg-wethBinance-Peg WETH (WETH) $ 1,617.34
  • bonkBonk (BONK) $ 0.000013
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 1,685.97
  • sei-networkSei (SEI) $ 0.182081
  • usdt0USDT0 (USDT0) $ 1.00
  • immutable-xImmutable (IMX) $ 0.492155
  • fartcoinFartcoin (FARTCOIN) $ 0.882178
  • injective-protocolInjective (INJ) $ 8.93
  • binance-bridged-usdc-bnb-smart-chainBinance Bridged USDC (BNB Smart Chain) (USDC) $ 0.998860
  • tether-goldTether Gold (XAUT) $ 3,446.09
  • paypal-usdPayPal USD (PYUSD) $ 1.00
  • polygon-bridged-usdt-polygonPolygon Bridged USDT (Polygon) (USDT) $ 0.999835
  • dexeDeXe (DEXE) $ 14.24
  • the-graphThe Graph (GRT) $ 0.085130
  • curve-dao-tokenCurve DAO (CRV) $ 0.609839
  • pax-goldPAX Gold (PAXG) $ 3,449.24
  • wbnbWrapped BNB (WBNB) $ 601.96
  • rocket-pool-ethRocket Pool ETH (RETH) $ 1,822.72
  • solv-protocol-solvbtc-bbnSolv Protocol xSolvBTC (XSOLVBTC) $ 86,778.00
  • jasmycoinJasmyCoin (JASMY) $ 0.014756
  • galaGALA (GALA) $ 0.016188
  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 87,511.00
  • the-sandboxThe Sandbox (SAND) $ 0.280048
  • usual-usdUsual USD (USD0) $ 0.997850
  • coredaoorgCore (CORE) $ 0.672720
  • jupiter-staked-solJupiter Staked SOL (JUPSOL) $ 152.19
  • raydiumRaydium (RAY) $ 2.30
  • theta-tokenTheta Network (THETA) $ 0.660744
  • lido-daoLido DAO (LDO) $ 0.733718
  • msolMarinade Staked SOL (MSOL) $ 177.16
  • iotaIOTA (IOTA) $ 0.171295
  • kaiaKaia (KAIA) $ 0.108535
  • mantle-staked-etherMantle Staked Ether (METH) $ 1,722.35
  • usdx-money-usdxStables Labs USDX (USDX) $ 0.999264
  • heliumHelium (HNT) $ 3.44
  • bittorrentBitTorrent (BTT) $ 0.00000061
  • ondo-us-dollar-yieldOndo US Dollar Yield (USDY) $ 1.10
  • flowFlow (FLOW) $ 0.375473
  • chain-2Onyxcoin (XCN) $ 0.017559
  • pancakeswap-tokenPancakeSwap (CAKE) $ 1.97
  • decentralandDecentraland (MANA) $ 0.310072
  • clbtcclBTC (CLBTC) $ 87,744.00
  • bitcoin-svBitcoin SV (BSV) $ 29.03
  • flokiFLOKI (FLOKI) $ 0.000059
  • movementMovement (MOVE) $ 0.231849
  • walrus-2Walrus (WAL) $ 0.431629
  • mantra-daoMANTRA (OM) $ 0.567595
  • jito-governance-tokenJito (JTO) $ 1.68
  • pendlePendle (PENDLE) $ 3.31
  • tezosTezos (XTZ) $ 0.508556
  • pyth-networkPyth Network (PYTH) $ 0.145519
  • zcashZcash (ZEC) $ 32.02
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 1,692.56
  • ethereum-name-serviceEthereum Name Service (ENS) $ 15.11
  • true-usdTrueUSD (TUSD) $ 0.998632
  • telcoinTelcoin (TEL) $ 0.005347
  • beldexBeldex (BDX) $ 0.068214
  • pumpbtcpumpBTC (PUMPBTC) $ 85,096.00
  • sonic-bridged-usdc-e-sonicSonic Bridged USDC.e (Sonic) (USDC.E) $ 0.999843
  • dydx-chaindYdX (DYDX) $ 0.605172
  • bridged-usdc-polygon-pos-bridgeBridged USDC (Polygon PoS Bridge) (USDC.E) $ 0.999894
  • kavaKava (KAVA) $ 0.423569
  • grassGrass (GRASS) $ 1.66
  • ubtcuBTC (UBTC) $ 88,321.00
  • bitcoin-avalanche-bridged-btc-bAvalanche Bridged BTC (Avalanche) (BTC.B) $ 87,546.00
  • solayerSolayer (LAYER) $ 2.09
  • dogwifcoindogwifhat (WIF) $ 0.437202
  • thorchainTHORChain (RUNE) $ 1.24
  • reserve-rights-tokenReserve Rights (RSR) $ 0.007621
  • apenftAPENFT (NFT) $ 0.00000042
  • spx6900SPX6900 (SPX) $ 0.450806
  • ecasheCash (XEC) $ 0.000021
  • binance-peg-dogecoinBinance-Peg Dogecoin (DOGE) $ 0.160803
  • stakewise-v3-osethStakeWise Staked ETH (OSETH) $ 1,688.02
  • hashnote-usycHashnote USYC (USYC) $ 1.08
  • usdbUSDB (USDB) $ 0.998383
  • elrond-erd-2MultiversX (EGLD) $ 14.37
  • starknetStarknet (STRK) $ 0.138542
  • neoNEO (NEO) $ 5.65
  • tbtctBTC (TBTC) $ 87,438.00
  • ousgOUSG (OUSG) $ 110.75
  • ether-fi-staked-ethether.fi Staked ETH (EETH) $ 1,616.77
  • virtual-protocolVirtuals Protocol (VIRTUAL) $ 0.588020
  • berachain-beraBerachain (BERA) $ 3.50
  • apecoinApeCoin (APE) $ 0.474726
  • axie-infinityAxie Infinity (AXS) $ 2.36
  • conflux-tokenConflux (CFX) $ 0.073715
  • arweaveArweave (AR) $ 5.74
  • chilizChiliz (CHZ) $ 0.038332
  • compound-governance-tokenCompound (COMP) $ 40.85
  • olympusOlympus (OHM) $ 22.23
  • l2-standard-bridged-weth-baseL2 Standard Bridged WETH (Base) (WETH) $ 1,619.31
  • wormholeWormhole (W) $ 0.078610
  • resolv-usrResolv USR (USR) $ 1.00
  • based-brettBrett (BRETT) $ 0.035666
  • mantle-bridged-usdt-mantleMantle Bridged USDT (Mantle) (USDT) $ 1.00
  • arbitrum-bridged-weth-arbitrum-oneArbitrum Bridged WETH (Arbitrum One) (WETH) $ 1,619.48
  • super-oethSuper OETH (SUPEROETHB) $ 1,618.08
  • mantle-restaked-ethMantle Restaked ETH (CMETH) $ 1,721.93
  • usddUSDD (USDD) $ 1.00
  • matic-networkPolygon (MATIC) $ 0.199680
  • beam-2Beam (BEAM) $ 0.006576
  • plumePlume (PLUME) $ 0.172427
  • terra-lunaTerra Luna Classic (LUNC) $ 0.000062
  • aerodrome-financeAerodrome Finance (AERO) $ 0.417105
  • trust-wallet-tokenTrust Wallet (TWT) $ 0.784190
  • sun-tokenSun Token (SUN) $ 0.016923
  • saros-financeSaros (SAROS) $ 0.123310
  • binance-peg-busdBinance-Peg BUSD (BUSD) $ 1.00
  • aioz-networkAIOZ Network (AIOZ) $ 0.274783
  • pudgy-penguinsPudgy Penguins (PENGU) $ 0.005103
  • fraxFrax (FRAX) $ 0.999785
  • roninRonin (RON) $ 0.516458
  • amp-tokenAmp (AMP) $ 0.003647
  • justJUST (JST) $ 0.030893
  • wemix-tokenWEMIX (WEMIX) $ 0.716066
  • ripple-usdRipple USD (RLUSD) $ 0.999947

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

0 6

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

Leave A Reply

Your email address will not be published.