Hi huys hope you enjoy your daily dose of crypto news.
Morgan Stanley to consider Bitcoin for $150 billion investment wing
According to a report from Bloomberg news this morning, Morgan Stanley is the latest major financial institution to consider an investment in Bitcoin.
Citing “people with knowledge of the matter,” the report says that Cointerpoint Global, a subsidiary of Morgan Stanley Investment Management with $150 billion in assets under management, “is exploring whether the cryptocurrency would be a suitable option for its investors.”
In Janurary, Cointelegraph reported that Morgan Stanley had purchased a 10% stake in Microstrategy, whose stock has been on a tear and whose CEO has become a Bitcoin icon since announcing a strategic investment in Bitcoin last year.
Alpha Homora loses $37 million following Iron Bank exploit
In one of the largest exploits of the DeFi era, this morning an attacker successfully drained over $37 million from Alpha Homora by leveraging Cream’s Iron Bank protocol-to-protocol lending platform.
Alpha Finance Lab, announced on Twitter this morning that they were aware of an attack, that the “loophole” that allowed it had been patched, and that the team had a “prime suspect”:
tweet link
The attacker used Alpha Homora to borrow and lend repeatedly with Iron Bank, which allows for leveraged lending. Some analysts have speculated that a faked “spell” (Alpha’s branded term for a smart contract) is what enabled the exploit:
tweet link
This “fake spell/contract” exploit conceptually echoes the “evil jar” attack on Pickle Finance that netted an attacker $20 million late last year. In both cases, the exploited protocols errantly responded to faked contracts.
Intrepid chain activity monitors noticed that Three Arrows Capital sent over $3 million in ALPHA tokens to BINANCE this morning, possibly with the intention of selling:
Other news you can check:
Deutsche Bank Quietly Plans to Offer Crypto Custody, Prime Brokerage
How long will Bitcoin’s bull run last?
TOP 10 STONKS CRYPTOCURRENCIES LAST 24 Hours
image via coinmarketcap
TOP 10 UNSTONKS CRYPTOCURRENCIES LAST 24 Hours
image via coinmarketcap
It's all for today guys see you tomorrow with more news.
