KPMG Audits Tether, 40 Wall Street Giants Test Tokenization

KPMG has conducted its first complete financial audit of Tether, revealing a surplus of $6.81 billion. Forty Wall Street giants, including JPMorgan, Goldman Sachs, and Citadel, have tested tokenization in real-world conditions. The SEC is preparing rules for on-chain listed stocks. A manager of a Korean platform has been sentenced to 15 years in prison for embezzling $50 million while promising a 10% return. Bitcoin has fallen back below $63,000, with $227 million liquidated in just a few hours. The volume of crypto cards has reached a new record of $759 million, doubling in a year. A data leak at Trezor exposed 13,689 customers without compromising their private keys. The United Arab Emirates will tokenize ships worth $500 million. Bybit is suing North Korea for a $1.5 billion hack. The $15 billion raise by Strategy results in annual interests of $1.76 billion.