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Tether CEO backs stablecoins over tokenized deposits as BIS raises risks

Tether CEO Paolo Ardoino has challenged the Bank for International Settlements’ preference for tokenized bank deposits, arguing that fully reserved stablecoins give users a stronger alternative to money held under fractional reserve banking. The Bank for International Settlements laid out…

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More Markets suffers $9.3m WFLOW exploit on Flow EVM

More Markets has suffered an exploit on Flow EVM that drained about 15.5 million WFLOW from the lending protocol, with blockchain security firm Blockaid estimating the impact at roughly $9.3 million. Blockaid said in an Aug. 31 X post that…

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Revolut begins EURR rollout as ECB details digital euro privacy safeguards

The European Central Bank has strengthened its privacy commitments for a potential digital euro as Revolut has begun rolling out its first euro-backed stablecoin, EURR, to selected customers across three European markets. Forbes reported that the two projects are developing…

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Polygon fixes validator security flaws with Austin and Kyoto forks

Polygon Labs has patched several security flaws across its proof-of-stake network through two coordinated hard forks, including a vulnerability that could have forced the full validator set to perform costly processing from a single crafted transaction. Polygon’s Validators Support Team…

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CFTC fines former White House operator $172K over prediction market bets

A former White House teleprompter operator has agreed to pay $172,539 after U.S. regulators found he used advance access to President Donald Trump’s speeches to make more than $107,500 trading prediction market contracts. The Commodity Futures Trading Commission said on…

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Kalshi secures exclusive US Open prediction market partnership

Kalshi has secured an exclusive partnership with the U.S. Tennis Association to become the US Open’s prediction market platform partner as the tournament’s main draw gets underway in New York. Front Office Sports reported on Aug. 30, citing two people…