U.S. jobs report, Russia’s digital ruble rollout: Crypto Week Ahead
Your look at what’s coming in the week starting Aug. 31.
Crypto
A $1.1 million crypto card hack crashed a neobank's token 49%
The exploit caused the neobank’s AVICI token to drop 49% from a 24-hour high, hitting a record low before paring some of the losses.
Kraken users briefly locked out after a flood of sanctioned crypto transactions
The activity, appearing to spread sanctioned funds to trigger account restrictions, occurred between Aug. 17 and Aug. 24.
SEC resurrecting U.S. crypto custody rule the previous administration failed to land
In 2023, the regulator tried to narrowly restrict the places investment advisers could park clients’ crypto assets, but the new approach is still shrouded in secrecy.
LayerZero unveils trading infrastructure for crypto and tokenized markets, ZRO surges
The trading infrastructure runs on LayerZero’s Zero blockchain, backed by Citadel Securities with DTCC and ICE exploring institutional market applications.
Crypto political group details list of U.S. congressional allies its backing this year
Stand With Crypto, a member group that rates the crypto friendliness of politicians, is supporting 32 U.S. House incumbents, with more endorsements coming.