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Wall Street is now racing to control the $1.9T stablecoin shift to avoid losing its customer base

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Wall Street is now racing to control the $1.9T stablecoin shift to avoid losing its customer base
Standard Chartered estimated in January that stablecoins could pull about $500 billion from US bank deposits by the end of 2028. Regional banks looked especially exposed given how much they depend on the spread between what they pay depositors and what they earn on loans. Now, 21 major financial institutions, including Bank of America, Citi, … Read more

Cardano clears key voting thresholds for constitutional committee renewal by 0.18% margin

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Cardano clears key voting thresholds for constitutional committee renewal by 0.18% margin
Cardano’s 2026 Constitutional Committee renewal had crossed both voting thresholds in a pre-boundary snapshot on Sept. 1, but formal ratification still waited for the epoch change. The narrow margin on the stake pool side exposed how non-participation can become an effective veto in the network’s on-chain governance. Cardano divides governance authority among delegated representatives, stake … Read more

DeFi Technologies misses Nasdaq $1 deadline as DEFT faces delisting review

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DeFi Technologies misses Nasdaq $1 deadline as DEFT faces delisting review
DeFi Technologies reached its Sept. 1 Nasdaq minimum-bid deadline after its US-listed DEFT shares closed Aug. 31 at $0.6032, making it impossible to complete the required 10-business-day streak at or above $1. The threshold miss moves the company into an eligibility review, with either a second compliance window or a written delisting determination as the … Read more

Deribit already holds 96.6% of Coinbase’s derivatives open interest ahead of Sept. 9 migration

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Deribit already holds 96.6% of Coinbase’s derivatives open interest ahead of Sept. 9 migration
Nearly all the open interest displayed on Coinbase’s derivatives dashboard already sits at Deribit, its global derivatives venue, eight days before institutional positions at the much smaller Coinbase International Exchange are scheduled to move there. A Coinbase derivatives dashboard snapshot retrieved at 15:42 UTC on Sept. 1 showed $40.65 billion of daily open interest across … Read more

Stopping a blockchain doesn’t always recover stolen funds – What actually happened when 3 networks pulled the plug

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Stopping a blockchain doesn’t always recover stolen funds – What actually happened when 3 networks pulled the plug
Three blockchain networks stopped producing blocks within four days. Each blockchain halt used different emergency powers, and Cronos alone also replaced part of its canonical history. Cronos said validators halted the network by consensus after an exploit affected Tectonic, restored the chain to state from before the incident, and resumed production from block 90,896,189. The … Read more

Russia opens central bank digital currency to millions as 12 major banks and top retailers face rollout rules

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Russia opens central bank digital currency to millions as 12 major banks and top retailers face rollout rules
Russia opens digital ruble access to customers of connected banks today, Sept. 1, moving the central bank digital currency beyond restricted pilot access as major banks and the first covered retailers activate payment infrastructure. Related Reading Russia delays digital ruble CBDC launch, extends pilot phase indefinitely The Bank of Russia said on Aug. 31 that … Read more

Strategy turns MSCI’s own SEC words against its $24 billion MSTR threat

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Strategy turns MSCI’s own SEC words against its $24 billion MSTR threat
Strategy has challenged MSCI’s proposed “non-operating company” screen by tying it to a regulatory argument MSCI made four years ago in a letter shared on Aug. 31. The Bitcoin treasury company says the new methodology requires MSCI to judge whether Bitcoin belongs inside an operating business. That puts MSCI’s 2022 defense to the Securities and … Read more

Cross-chain oracle compromise triggers liquidations and frozen vaults across multiple DeFi networks

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Cross-chain oracle compromise triggers liquidations and frozen vaults across multiple DeFi networks
Switchboard, an oracle provider that supplies price data to DeFi applications, said contributors halted its deployments on Aptos, Sui, IOTA and Movement after reports of a potential Switchboard Move oracle compromise in its Move-language implementations. At least three applications reported losses, freezes or precautionary access restrictions as Switchboard advised users to migrate temporarily to alternatives. … Read more

UK is hunting the $86 billion Russia-linked crypto pipeline as it moves to double sanctions fines

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UK is hunting the $86 billion Russia-linked crypto pipeline as it moves to double sanctions fines
Britain is widening its Russia sanctions crackdown from named entities to the payment routes that keep sanctioned networks moving money. On Aug. 31, the National Crime Agency issued its first nationwide industry alert on the A7 network, directing banks, payment providers and crypto firms to examine counterparties, intermediary wallets and cross-border infrastructure linked to Russia-related … Read more