CryptoEconomy

A hacker is exploiting misconfigurations in DeFi lending protocols, resulting in losses of about $3.5 million. The recent attack on Ploutos Money, due to an oracle error, caused a loss of nearly $400,000.

Crypto.com Research notes improving stablecoin distribution but declining total value locked (TVL) in DeFi, especially on Ethereum. While some networks show resilience, most DEXs face liquidity decreases.

Indiana lawmakers passed House Bill 1042, which supports Bitcoin by safeguarding the right to use and hold it, recognizing cryptocurrency in legal terms, and allowing digital assets in retirement plans. The bill now awaits the governor's decision.

The South African government will soon propose regulations to integrate cryptocurrencies into capital flow management, following a court ruling on their legal status. This aims to enhance control over digital assets, focusing on anti-money laundering measures and defining responsibilities for investors.

TRON DAO adds Dartmouth, Princeton, Oxford, and Cambridge to its TRON Academy program, enhancing its network to 11 elite universities. This initiative aims to provide students with blockchain development experience through partnerships with student clubs, signaling a commitment to long-term talent growth in Web3.

The UK is advancing to controlled experimentation in the digital asset sector, with Revolut chosen for the FCA's stablecoin regulatory sandbox. This initiative aims to assess real-world applications before final regulations are established.