Binance News: Nasdaq Files to List 21Shares’ Polkadot Trust

In a significant development for the cryptocurrency market, Nasdaq has taken a step towards listing a trust that will provide investors with exposure to Polkadot (DOT) without the need to directly hold or manage the cryptocurrency. Here’s a closer look at the details of this proposed listing.

Nasdaq Files to List 21Shares’ Polkadot Trust

Nasdaq has filed a rule change with the SEC to list 21Shares’ Polkadot Trust. If approved, the trust will allow investors to gain exposure to Polkadot (DOT) without directly holding or managing the cryptocurrency. The proposal falls under Nasdaq Rule 5711(d) for commodity-based trust shares. The trust aims to track the price of DOT without speculating on it. 21Shares US LLC will sponsor the trust, with CSC Delaware Trust Company as trustee and a third-party administrator handling operations.

Four.Meme Suffers Security Breach, $130K Stolen

The BNB Chain-based meme coin launch platform Four.Meme was attacked, resulting in the theft of approximately 200 BNB (worth around $130,000). PeckShield reported the attack, and the stolen funds were transferred to FixedFloat, a non-custodial exchange. Blockchain security firm SlowMist issued a security alert, revealing that an attacker manipulated a function to gain an unfair advantage before the token’s official launch. By purchasing a small number of tokens early, the attacker sent them to a PancakeSwap Pair address that hadn’t been created, allowing them to establish the Pair and add liquidity without transfer restrictions.