Weekly Article Recap: 5/12-5/16

The Stories that You Can’t Afford to Miss This Week

As the DeFi and crypto space continues to evolve at a rapid pace, it's essential to stay informed 

about the latest developments and trends. Our weekly recap provides a concise yet comprehensive overview of the most significant news and trends in the DeFi and crypto space, helping you stay informed and up-to-date with the latest happenings.

Coinbase Faces Up to $400M Loss After Cyberattack: Details

Coinbase has disclosed a cyberattack affecting a small group of users, with estimated losses ranging from $180 million to $400 million, The Guardian reports. The breach highlights ongoing security challenges in the crypto space as the exchange prepares to join the S&P 500.

Learn about the breach and its impact on customers here.

What Is the Ethereum ‘Trillion Dollar Security Initiative’?

The Ethereum Foundation has launched the Trillion Dollar Security Initiative (1TS) to bolster the network’s ability to securely handle trillions in onchain value. While Ethereum is already one of the most secure blockchains, the Foundation aims to elevate it to “civilization-scale infrastructure” — robust enough for billions to safely store over $1,000 onchain. 

The initiative targets long-term trust from institutions, corporations, and governments to hold over $1 trillion in Ethereum-based smart contracts and dApps.

Read the full story.

Injective Brings Institutional Yield with Upshift Vault Launch

Injective (INJ) has integrated Upshift, a top institutional-grade yield platform managing over $250M in deposits. The move brings advanced yield strategies to retail users and follows Injective’s recent rollout of tokenized stocks—like Meta, Nvidia, and Tesla—via its iAssets framework, which bridges traditional finance with DeFi.

Read the full details of the integration.

VanEck and Securitize Bring Tokenized Real-World Assets on BNB Chain

Asset manager VanEck has partnered with tokenization firm Securitize to roll out the VanEck Treasury Fund (VBILL) on BNB Chain. Backed by U.S. Treasuries, VBILL offers instant settlement and liquidity through support for Agora's AUSD stablecoin. The move targets institutional investors seeking efficient and transparent access to traditional assets via blockchain.

Find more information on the partnership.

Thailand to Launch $150M G-Token as State-Backed Digital Investment

Thailand's Finance Ministry will issue 5 billion baht ($150M) worth of G-Tokens within two months, Bloomberg reports. Backed by the government and approved by the Cabinet, these digital tokens aim to offer retail investors higher returns than traditional savings. Unlike bonds, G-Tokens won't count as debt but will be part of the annual budget borrowing plan.

Learn about the development here.