Banking
Existential threat? Why some banks are anxious about CBDCs
The prospect of a retail CBDC has some major banks anxious over their revenue streams.
Cointelegraph·2023/07/26 06:01
PacWest stock flash crash recovers after rescue merger with Banc of Cali
PacWest shares crashed 27% before recovering on a rescue acquisition by the smaller Banc of California.
Cointelegraph·2023/07/25 23:23
Binance's Euro Banking Partner to Halt Support of the Crypto Exchange in September
The exchange recently announced retreats from the U.K., Netherlands and Cyprus.
Coindesk·2023/06/29 18:05
BCB Group's Deputy CEO Departs After Failed German Bank Acquisition
The crypto banking firm said last week that it had ended its planned acquisition of Germany’s Sutor Bank, citing regulatory delays and market conditions.
Coindesk·2023/06/23 11:25
Flash
- 03:11Loan Protocol Loopscale Hit by Attack, Approximately 5.7 Million USDC and 1,200 SOL StolenOn April 27, it was reported that the Solana-based lending protocol Loopscale disclosed on platform X that at 11:30 AM EST (UTC+8, April 26, 11:30 PM), the RateX PT token pricing function of Loopscale was manipulated, leading to the theft of approximately 5.7 million USDC and 1,200 SOL from Loopscale's USDC and SOL vaults. Currently, all markets of Loopscale have been temporarily halted for the team to conduct further investigation. The funds involved in this security breach constitute about 12% of Loopscale's total funds and only affect depositors who have funds in Loopscale's USDC and SOL vaults. Borrowers and revolving loan users are unaffected. Efforts are underway to restore the repayment function as soon as possible to avoid unforeseen liquidation scenarios. The team is working closely with law enforcement officials, security experts, and investors to recover the funds. An update will be released immediately upon receiving more information and a complete technical analysis report.
- 03:11Market News: IMF States El Salvador Has Stopped Using Public Funds to Invest in BitcoinApril 27 News, according to a post and screenshot by crypto KOL Crypto Rover, the International Monetary Fund (IMF) states that El Salvador has stopped using public funds to invest in Bitcoin.
- 03:10U.S. Bond Funds See Record Inflows Last Week, Bond Market StabilizingAccording to The Kobeissi Letter, U.S. bond funds experienced record inflows last week, reaching about $19 billion. This surpasses the previous record of approximately $14 billion set during the pandemic in 2020. Meanwhile, the 30-year U.S. Treasury yield is down nearly 30 basis points from its peak in April. The U.S. bond market is stabilizing.