Franklin Templeton expands blockchain fund to Avalanche network
Franklin Templeton, a global asset management firm, has expanded its Franklin OnChain US Government Money Fund to the Avalanche.
According to a press release shared with Cointelegraph, the expansion to the layer-1 blockchain will be the âfirst-of-its-kind onchain money market fundâ on Avalanche.
The fund, which launched in 2021, allows institutional investors access to Franklin Templetonâs blockchain-integrated record-keeping system, Benji Investments.
â[Investors] may hold their wallets on the Avalanche network upon request and subject to eligibility.â
Crypto phishing attack drains $55 million from whaleâs wallet
A crypto holder who signed an unverified transaction lost $55 million in crypto to malicious actors who employed a phishing attack to steal the whaleâs stablecoins.Â
On Aug. 20, a crypto wallet owner signed a transaction that changed the ownership of 55.47 million DaiÂ
DAI
$1.00
 in the decentralized finance (DeFi) protocol Maker. Because of the signed transaction, a phishing address took ownership of the walletâs stablecoins.Â
The whale seemed to realize the mistake and attempted to withdraw the funds to a new address. However, the transaction failed because of the owner change that had already happened.
Polychain leads $6.7 million investment in new Bitcoin-centric yield network Corn
Polychain Capital has announced a $6.7-million investment into a new Bitcoin-centric, yield-generating network.
The $6.7 million investment was received by Corn, a new Ethereum layer-2 network that uses a tokenized version of Bitcoin for gas fees and economic incentives on the network, tickered BTCN.
Corn launched on Aug. 19 with the goal of enhancing the utility of the worldâs first cryptocurrency and introducing new yield-generating opportunities, according to Chris Spadafora, founder of Corn and BadgerDAO.
DeFi Market overview
According to data from Cointelegraph Markets Pro and TradingView, the majority of the 100 largest cryptocurrencies.
