Bridge security returned to the spotlight this week after the KelpDAO exploit triggered one of the first large-scale L2 interventions on record. 

Meanwhile, stablecoins continued their quiet expansion into mainstream payment infrastructure, and TradFi convergence moved forward in small but structurally meaningful steps.

🔎 Recent Updates & Developments

– KelpDAO was exploited via a forged LayerZero bridge message, releasing $292M in rsETH due to a validator flaw

– Arbitrum froze 30K ETH from the exploit, executing a rare L2-level intervention in bridge infrastructure

– Tether froze $344M USDT with U.S. authorities, reinforcing its compliance role in financial enforcement

– Japan's JSCC tested government bond settlement on blockchain with Mizuho and Nomura, advancing onchain collateral in TradFi

– MoneyGram expanded its Stellar partnership, scaling stablecoin adoption across cross-border payment rails

– DoorDash integrated stablecoin payouts via Tempo, extending blockchain payments into large-scale commerce

– GSR launched a multi-asset ETF covering BTC, ETH, and SOL, enabling active institutional crypto exposure

– Gensyn launched its mainnet for decentralized AI compute, enabling trustless execution of ML workloads