The credit behind XRPL’s collateral total Maple’s syrupUSDC disclosure listed 142,766,086.05 $XRP valued at $177.7 million, and its syrupUSDT disclosure listed 82,314,668.8 …
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Finance
Treasury yields at 5% threaten extending Bitcoin’s best quarter since 2017
by shayaanby shayaanBitcoin has so far managed to overcome the hurdle, helped in part by growing interest in the so-called debasement trade, or the …
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That estimate includes an independent control report but leaves out some potentially significant technology costs. For clients, the consequence could be that …
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Markets
Revolut hackers demand $3 million in Monero, threaten to sell customer data
by shayaanby shayaanThe group gave Revolut 24 hours to pay and said it targeted customers with significant crypto holdings. www.coindesk.com
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DeFi
Rising Aave borrow rates threaten to flip Ethena’s USDe yield loops into negative carry
by shayaanby shayaanLlamaRisk has proposed increasing borrowing costs for Ethena’s $USDe across five Aave V3 markets, tightening the economics for positions that borrow the …
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Markets
Bitcoin enters ‘Rektember’ as rate-hike risk combines with seasonality to threaten rally
by shayaanby shayaanSeptember has historically been a poor month for risk assets in general, and bitcoin, in particular. www.coindesk.com
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Smart Contracts
Clarity Act on the Ropes as Ethics Fight and Shrinking Calendar Threaten Passage
by shayaanby shayaanIn short Majority Leader John Thune says he doesn’t expect the Clarity Act to gain enough momentum before the August recess. The …
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Markets
UK's bold new crypto rules promise to unlock global trading, but huge compliance hurdles still threaten the rollout
by shayaanby shayaanThe U.K. FCA’s crypto framework has been praised for prioritizing global liquidity and institutional adoption, but the authorization process is expected to …
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Smart Contracts
Federal AI Use Soars, But Bottlenecks Threaten Momentum Amid Public Skepticism: Brookings
by shayaanby shayaanIn short Federal use of AI has grown rapidly, but adoption remains heavily concentrated among a handful of large agencies. Key bottlenecks …
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Regulation
Bankers rebuff White House claim that stablecoin yield doesn’t threaten deposits
by shayaanby shayaanThe crypto industry’s chief effort in U.S. policy — the Digital Asset Market Clarity Act — has remained held up on a …