Express News | Golden Midday Report | Key Developments as of October 12

7:00-12:00 Keywords: Lighter, IREN, FLOP Testnet, Ethereum Foundation 1. Arthur Hayes: The FLOP testnet will launch within weeks; 2. Lighter: Completed the burn of 2,452,017 LIT tokens today; 3. Anthropic has signed a cloud services agreement with cloud provider IREN; 4. XRP Ledger Foundation clarifies security patch concerns: No new XRP issued; supply remains fixed; 5. Wallets affiliated with the Ethereum Foundation transferred 4,393 ETH to Kraken, valued at $11.13 million; 6. Former Acting Chairman of the U.S. CFTC: Cryptocurrency does not require congressional legislation; progress can be made through rulemaking by regulatory agencies.

Latest12:00

Bypassing Voting to Patch Vulnerability: XRPL's Decentralization Under Scrutiny

XRPL has released an emergency patch to address a vulnerability that allowed for the unlimited creation of XRP, bypassing the standard two-week voting process. This move has sparked a heated debate

Zhitong Finance10:56

Express News | Analysis: Failure to Pass the Clarity Act May Create Opportunities for DeFi

According to CoinDesk, executives in the crypto industry believe that the failure to pass the Clarity Act will create opportunities for decentralized finance (DeFi), although established exchanges are likely to maintain their competitive advantage. Related initiatives by the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) may drive the expansion of regulated on-chain trading and increase institutional participation. Legal experts indicate that while the regulatory framework is expected to advance gradually, there remain gaps that require resolution by the U.S. Congress.

Latest02:58

XRP, Bitcoin, Ethereum Prices Fall as ETF Inflows Slow Ahead of US Inflation Data

Top cryptocurrencies have pulled back this month as investors booked profits following the rallies seen in August and September. Bitcoin (CRYPTO: BTC) retreated to $83,350 on Sunday, down from its

Benzinga00:11

Bitcoin, XRP Get the Spotlight—Could These 5 Altcoins Be Next?

Solana (CRYPTO: SOL), Chainlink (CRYPTO: LINK) and three other altcoins are picking up real adoption signals, according to Altcoin Daily, as institutions look beyond Bitcoin (CRYPTO: BTC) and XRP (

BenzingaOct 11 22:00

Express News | Central Bank of Argentina: No Short-Term Push for Crypto-Banking Integration; 2022 Ban Remains in Place

On October 11, Bitcoin.com reported that Juan Curutchet, Head of Financial Institutions and Foreign Exchange at the Central Bank of Argentina (BCRA), stated that cryptocurrencies and digital assets would not be integrated into the banking and payment systems in the short term. He noted that there would be "no changes this year," but viewed integration as a possibility during a potential "second Milei term." This statement contradicts earlier rumors suggesting a potential relaxation of regulations on digital assets, with some banks claiming that a draft allowing banks to offer crypto services is being prepared. This implies that the BCRA's 2022 regulation prohibiting financial institutions from providing crypto services will remain in effect, with its repeal contingent on economic conditions prior to the general election. Curutchet acknowledged that current economic vulnerabilities limit the scope for progress but considered these issues part of a "pending agenda." Despite the ongoing ban, several banking groups are advancing their own stablecoin projects through independent entities, offering programmable money functions such as treasury management, payments based on on-chain events, and collateralized credit management to circumvent current restrictions. According to Chainalysis, Argentina received over $88.5 billion in cryptocurrency value in the 12 months ending June 30, making it the second-largest crypto hub in Latin America.

LatestOct 11 19:35