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FlashLoopAdapter exploit drains $305K from Aave linked Safe wallets

A custom FlashLoopAdapter used to manage leveraged Aave v3 positions has been exploited on Ethereum, leaving two Safe wallets with losses estimated at $305,000 after an attacker bypassed the module’s access controls. Blockchain security firm SlowMist said the attacker exploited…

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African businesses turn to stablecoins to cut payment delays, Kora CEO says

African businesses have increasingly turned to stablecoins over the past five years to address cross-border payment delays, dollar access, and settlement costs, according to Kora CEO Dickson Nsofor. Dickson Nsofor, CEO of pan-African payment infrastructure platform Kora, told crypto.news that…

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Circle urges MiCA changes as only 3 of top 30 stablecoins comply

Circle has urged EU policymakers to revise MiCA’s stablecoin issuance and reserve rules after its EU policy director said only three of the world’s 30 largest stablecoins comply with the framework. Circle, in its Oct. 1 policy submission, called for…

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CLARITY Act could allow 11 crypto activities for US banks

The Congressional Research Service has identified 11 categories of crypto activities that the Senate-reported CLARITY Act would permit for U.S. banking organizations and credit unions, including digital asset underwriting and dealing. The Congressional Research Service published its analysis, “Crypto and…