Jul 19, 2024

"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines in the crypto industry today, as tokens on WazirX were trading at a steep discount following the exploit of the exchange. Plus, Galaxy Digital has acquired substantially all the assets of blockchain node operator CryptoManufaktur LLC and Italy’s top banks CDP and Intesa Sanpaolo completed a digital bond issuance using blockchain rails.

Video transcript

Tokens on Wrx trade at a discount. And Italy's top bank participates in a digital bond issuance on Polygon. You're watching coin desk daily. I'm your host, Jen Sani, the North Korea linked Exploiter that drained $230 million from Indian crypto exchange. Walzer X has converted most of those funds to Ether. According to Blockchain Tracker, look on chain and the Exploiter holds more than 59,097 E as of this morning worth around $200 million and another $15 million in various ALTs as of Friday morning, almost all tokens listed on the exchange traded at steep discounts to their global and local prices. A sign of poor liquidity and immense selling pressure. The Bitcoin Rupee dominated trading pair was down 22% in the past 24 hours. And the Shiba Inu Rupee pair was down 30%. Galaxy Digital has acquired substantially all the assets of Blockchain node operator crypto manufacture LLC in a deal that will increase the company's Ethereum assets under stake by about 43%. CMF started in 2020 was originally launched to build structure for the Blockchain oracle project chain link and later expanded into running automated proof of stake node deployment infrastructure on Ethereum. The deal comes with about a billion dollars of Ethereum assets under stake rising Galaxies total to $3.3 billion. And Italy's top bank CD P and in Tessa Sao Paulo, the largest lender in the country completed a digital bond issuance using Blockchain rails on Thursday. The first such transaction under the country's new digital asset rules, the €25 million bond with a four month maturity was issued by CD P on the Polygon Network. That's it for coin desk daily, get more updates on Coin desk.com and we'll see you next time.

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