The bankrupt crypto lending platform BlockFi has announced that it will start its first interim crypto repayments via Coinbase in July, initially for U.S. customers only. The asset distribution will be processed over the next few months, and eligible customers will receive an email notification regarding their BlockFi account.

According to a released statement, Gnosis Pay was affected by a data breach at customer verification service Fractal ID. Fractal ID was connected to at least eight crypto protocols, including Polygon, Ripple, and Near. The data indicates that approximately 0.5% of its one million users were impacted by the attack.

State Street, one of the largest asset managers, has announced plans to introduce its own stablecoin and a deposit token representing customer deposits on the blockchain. This move aims to participate in blockchain-based payment settlements through tokenization.

The U.S. Securities and Exchange Commission (SEC) has approved Grayscale’s mini Ethereum ETF, which will be deployed with assets supporting the larger Ethereum fund. Grayscale’s initial proposal was to convert the long-standing Grayscale Ethereum Trust into a spot Ethereum ETF. Currently, this crypto fund operates as a closed-end fund, making it more challenging to redeem shares. The mini fund may help alleviate some of the outflows expected from the larger fund’s conversion.

Polygon has announced that on September 4, 2024, it will undergo a mainnet upgrade, transitioning from the MATIC native token to a new token, POL. After the upgrade, POL will take over the role previously held by MATIC on the blockchain. Current MATIC holders on the Polygon PoS network will automatically transition to POL without user intervention. However, tokens on other networks and centralized exchanges (CEXs) will require a published migration procedure.

WazirX, one of India’s largest crypto trading platforms, has fallen victim to a hacking attack. Over $230 million worth of crypto assets were stolen from the platform’s multisig wallet on the Ethereum network. In response, the broker has suspended all withdrawals and is investigating the outflows. On-chain data indicates that the stolen assets include 5.43 trillion SHIB ($102 million), 15,298 ETH ($52.5 million), 20.5 million MATIC ($11.24 million), 640 billion PEPE ($7.5 million), 5.7 million USDT, 135 million GALA ($3.5 million), and $4.7 million worth of FLOKI.