Hot Topics
Standard Chartered's CEO believes that Hong Kong's stablecoins and tokenized deposits are changing the global trade landscape as the Hong Kong Securities and Futures Commission allows shared order books.
The US government shutdown is nearing a record high, and cryptocurrency legislation is stalled; the Senate's market structure draft is expected to be considered during Thanksgiving, while the National Defense Authorization Act (NDAA) is prioritized.
Balancer suffered a $70.9 million attack, losing 6,850 osETH, 6,590 WETH, and 4,260 wstETH. Attackers are reportedly consolidating funds, and the BAL token price fell by more than 5%. This is the third attack the protocol has suffered.
Market Dynamics
Berachain suspended its network and plans an emergency hard fork to address a vulnerability in Balancer V2 on its BEX decentralized exchange (DEX), potentially resulting in a $12 million loss for users. The BERA price fell by 6%.
Swiss crypto bank AMINA obtained a MiCA license in Austria and will launch regulated trading, custody, portfolio management, and staking services for EU professional investors.