Key facts
- Franklin Templeton established a new crypto division called Franklin Crypto.
- Franklin Templeton acquired 250 Digital.
- Binance faces potential licensing issues in the EU.
- The Taiko bridge protocol was exploited.
- The Taiko bridge exploit resulted in a loss of $1.7 million.
- Taiko advised users to withdraw funds after the exploit.
Franklin Templeton has officially entered the cryptocurrency market with the establishment of a new division named Franklin Crypto. This strategic move follows the firm's acquisition of 250 Digital, indicating a significant commitment to the digital asset sector. The creation of Franklin Crypto suggests a growing trend of traditional financial institutions building out dedicated cryptocurrency capabilities.
Meanwhile, Binance, a major global cryptocurrency exchange, is facing potential hurdles related to its licensing within the European Union. The specifics of these licensing issues were not detailed, but they could impact Binance's operations or expansion plans in the EU market.