Core Insights - SwissBorg experienced a significant breach resulting in the loss of approximately $41 million worth of Solana, primarily affecting its SOL Earn product where users lock up their SOL for rewards [1] - The breach was traced back to Kiln, a third-party staking provider, which allowed attackers to access and move 193,000 SOL through a compromised API [2] - SwissBorg has committed to fully reimbursing affected users using its own Solana holdings, ensuring that no other parts of the platform were compromised [3] Financial Impact - The total amount lost represents about 2% of SwissBorg's overall assets, with around 1% of user accounts directly impacted by the breach [1] - Despite the loss, SwissBorg maintains that it is financially sound and that covering the stolen SOL will not affect other services [6] Response and Recovery - SwissBorg has engaged forensic experts to trace the stolen funds, and several crypto exchanges have frozen suspicious transactions related to the attack [4] - The company is collaborating with white-hat hackers to monitor wallet movements in an effort to track the stolen funds [4] User Reactions - User responses have been mixed, with some expressing gratitude for SwissBorg's quick action and transparency, while others raised concerns about the depth of integration with external providers [7] - The company's transparent response has helped alleviate some user anxiety following the breach [7] Operational Stability - SwissBorg has confirmed that its platform operations remain stable, with no indication of wider fallout from the breach [6] - The company is treating the incident as a top priority while ensuring that services continue to run normally [3]

RT SALT (@SALTConference)Thank you to the Wyoming Blockchain Symposium Presenting Sponsor: @krakenfxKraken is one of the world’s longest-standing and most secure crypto platforms. Founded in 2011, Kraken offers spot trading, staking, regulated derivatives, tokenized assets, and more to millions of clients in over 190 countries. In 2025, Kraken relocated its headquarters to Cheyenne, Wyoming, solidifying its long-term commitment to U.S.-based crypto innovation.After fantastic debut event in 2024, Kraken is r ...

Sanctions Evasion - TRM Labs reports Russian entities are using Kyrgyzstan-based crypto platforms to bypass sanctions [1] - These platforms, including Grinex, Meer, and EVDE, facilitate the conversion of rubles to crypto via stablecoins like A7A5 [1] - The platforms are linked to the banned Russian exchange Garantex [1] Cryptocurrency Activity - The use of these platforms is driving most of Kyrgyzstan's crypto activity [1]

Market Performance - The S&P 500 and Nasdaq reached all-time highs at the end of Q2 and the first half of 2025, with the S&P 500 closing above 6200 for the first time [1] - The Dow gained +4% in June, while the S&P 500 and Nasdaq increased over +6% [2] Company Highlights - NVIDIA (NVDA) saw a +15% increase over the past month, indicating strong performance in the AI sector [2] - Robinhood (HOOD) experienced a +12% rise in June, reflecting positive trends in the crypto platform market [2] - JPMorgan (JPM) reported a +1% gain following the successful completion of stress tests by all major banks [3] Economic Indicators - The Chicago Business Barometer fell to 40.4, indicating continued contraction for the 19th consecutive month, as any reading below 50 suggests [4] - A significant 90% of business leaders anticipate less than +5% growth, with 45% expecting flat or declining growth in the second half of the year [5] Upcoming Economic Data - The upcoming jobs report is expected to show a decrease in job openings to 7.3 million, reflecting potential softening in the labor market [6] - Final manufacturing results for June and various reports on construction spending and auto sales are anticipated, which may provide further insights into economic conditions [7]