Tag: Crypto

Circle Foundation Backs UN Stablecoin Payment Trials For Humanitarian Aid

TL;DR Circle Foundation has announced grants supporting digital-payment projects at the United Nations Development Programme and World Food Programme. The initiatives will examine how regulated payment stablecoins can improve the speed, cost and transparency of aid distribution. WFP plans to test two to three payment corridors over three years,...
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Tether Says EQIBank Exposure Is Below 0.034% After US Asset Seizure

TL;DR Tether says assets held with offshore banking partner EQIBank represent less than 0.034% of its total group assets. U.S. authorities are seeking forfeiture of tens of millions of dollars tied to EQIBank payment processor Capstone. Tether says it had no knowledge of the conduct alleged by prosecutors and...
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Lido Vote #214 Passes As Dual Governance Moves Onto Ethereum Mainnet

TL;DR Lido DAO Vote #214 has passed with 58.2 million LDO participating in favor. The vote implements Dual Governance V1 parameters, giving stETH holders a new mechanism to contest certain governance actions. The associated emergency governance delay has been extended to 14 days. Lido’s long-running effort to give stETH...
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Ethena Expands USDe Backing Strategy Into Tokenized US Equities

TL;DR Ethena is expanding the basis-trade strategy behind USDe into tokenized U.S. equities. Binance bStocks can be used as tokenized spot assets while equity perpetual futures hedge the market exposure. The strategy broadens USDe’s backing model beyond crypto-native basis trades, but it also introduces equity-market and venue-specific risks. Ethena...
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Magic Eden Says Legacy Approvals Exposed $5.7M In NFTs To Exploit

TL;DR Magic Eden says old EVM marketplace approvals left more than $5.7 million worth of NFTs exposed to an exploit in Limit Break’s Payment Processor V2. A whitehat rescue operation moved 23,155 vulnerable NFTs before they could be stolen. Magic Eden says no live listings were affected, but users...
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