Today in crypto, Sky is entering the bidding process to assist Hyperliquid in launching its stablecoin, USDH. Co-founder Rune Christensen proposed a customizable stablecoin that promises a 4.85% return while complying with U.S. regulations. This bid follows several others from major projects such as Frax and Paxos. Meanwhile, hackers have executed what may be the largest supply chain attack to date, targeting JavaScript libraries. The malware, injected into popular packages, swaps wallet addresses to steal crypto, posing a significant risk to users who might unknowingly approve bad transactions. Experts advise extreme caution while using crypto websites until the affected packages are secured. Additionally, Nasdaq has submitted a request to the SEC to allow trading of tokenized stocks, seeking to amend existing rules to facilitate this modern approach to securities trading. The request, which has substantial implications for stock issuance and settlement, aims to align tokenized and traditional stock trading processes.

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