A security vulnerability in an outdated Rain card smart contract led to approximately $1.1 million being drained from Solana-based platforms on August 28, with Avici suffering $500,800 in losses affecting 1,685 users. The exploit caused Avici's token to crash 49%.
Major payment networks Visa and Mastercard have joined Rain and Fireblocks to launch the Agentic Payments Alliance, a coalition aimed at standardizing protocols and infrastructure for AI-powered autonomous commerce where AI agents can make purchases independently.
Western Union has partnered with stablecoin infrastructure provider Rain to launch Stablecard, a digital wallet and Visa-branded card that allows users to hold and spend USDPT, Western Union's US dollar-backed stablecoin issued by Anchorage on Solana. The product is now available in 37 markets globally.
Enlivex Therapeutics has entered into a securities purchase agreement with an institutional investor for a private placement valued between $400-800 million, with the investor potentially funding the deal using RAIN tokens, raising concerns among shareholders.
