It would ban a future terraUSD, at least temporarily, and create licensing rules for fiat-backed stablecoin issuers.
ArkotNews
First Mover Asia: Bitcoin Rally Stalls Above $30K; Ether Hits $2.1K
ALSO: Former CoinDesk head of research Noelle Acheson writes that longer-term narratives such as bitcoin's recent store-of-value story matter but that price depends more on fleeting, often fickle sentiment.
Hong Kong’s Financial Secretary Declares Now Is the 'Right Time' for Web3 Adoption
Finance chief Paul Chan said in a blog post that despite recent volatility in crypto, now is the time to push forward Web3 technologies.
ROOK Token Surges Ahead of $50M Treasury Split Between Community and MEV Tech Builders
A proposal would divvy up Rook’s nearly $50 million crypto treasury between Rook Labs, which builds MEV technology, and the new Incubator DAO.
Sybil Millionaires: How Airdrop Hunters Trick Projects and Snatch Fortunes
They maintain multiple accounts for the same project, stay undetectable and maximize profits from airdrops like those of Arbitrum, Aptos, Sui and others.
Crypto Exchange Zipmex Files for Two-Month Moratorium Extension
The request comes after an investor failed to maintain payments to the exchange.
Trump Drops Second Series of Digital Trading Card Collection
Earlier this month, the floor price on the original Trump NFT collection jumped after the news of his indictment, but the new Series 2 release has sent the first collection’s price downward.
S. Korean Crypto Exchange Gdac Hacked for Nearly $13M
The exchange said hackers transferred the crypto assets from a hot wallet to an unidentified wallet.
LI.FI and InsurAce Pitch Protection for Moving Crypto Between Blockchains
LI.FI partnered with risk cover protocol InsurAce to provide protection for users who are bridging their cryptoassets from one blockchain to another.
If Crypto OGs Are Being Hacked, Where Does That Leave the Rest of Us?
Highly skilled crypto users have reportedly lost an estimated $10 million in stolen funds since December, MyCrypto founder Taylor Monahan said.