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Ava Labs President: Curve Finance Exploit 'Highlights the Need for Better Security Audits' in DeFi

Ava Labs president John Wu reflects on Curve, a stablecoin exchange at the heart of decentralized finance (DeFi) on Ethereum, becoming the latest victim of an exploit. Wu notes it's another unfortunate setback for the space and highlights the need for better security audits in the space. "Hopefully, one day, maybe even artificial intelligence can be used to more efficiently review their contracts and make it more secure," Wu added.

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Market 'Trying Hard' to Get Through Regulatory Scrutiny to Offer Spot Bitcoin ETF: Analyst

The clock is ticking this week for the U.S. Securities and Exchange Commission's (SEC) decision on whether to approve or reject six applications – including BlackRock's – to list a spot bitcoin exchange-traded funds (ETFs). Cinthia Murphy, ETF Think Tank research director, sheds light on understanding the spot bitcoin ETF race in the U.S.

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BlackRock Entering Spot Bitcoin ETF Race Is an Important Signal: Bitwise CIO

Matt Hougan, Bitwise Asset Management Chief Investment Officer, joins "First Mover" to discuss the entrance of major TradFi players applying for a spot bitcoin ETF in the U.S., saying "you have to listen when BlackRock comes to the market, they're the largest ETF issuer in the world."

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Constructing CoinDesk’s Crypto Hubs 2023 Rankings

In creating CoinDesk’s Crypto Hubs 2023 list, Iomob CEO Boyd Cohen said, "we specifically sought out people in more, less obvious places...to get a more holistic approach." Cohen also details the multi-step methodology behind the rankings.

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Outlook for Singapore's Crypto Industry After Terraform Labs, 3AC Implosions

Zhuling Chen, founder and CEO of RockX, discusses the lessons learned after the collapse of crypto darlings Terraform Labs and Three Arrows Capital. “It was an alert to everyone, both to the government and also to people that were embracing the innovations,” Chen said.

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MidChains Chooses Abu Dhabi: A Strategic Embrace of Early Regulations

In CoinDesk's 'Crypto Hubs 2023' series, MidChains CEO Basil Al Askari shares the straightforward reason for their Abu Dhabi base: "The regulation came out several years before Dubai at a state level." The presence of sovereign wealth funds like Mubadala and Kew also heavily influenced this strategic decision.

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The Politics of a Spot Bitcoin ETF Approval in the U.S.

The Chamber of Digital Commerce's founder and CEO Perianne Boring, weighs in on the SEC's handling of spot bitcoin ETF filings in the U.S., noting "The SEC keeps moving the goal posts of what the industry needs to do." Boring also adds there's "no reason to continue to hold this up" and expresses optimism for the forthcoming round of applications.

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Fed Chair Powell Says Stablecoin Regulations Need Central Bank Oversight

Federal Reserve Chair Jerome Powell testified on Capitol Hill Wednesday, saying "we do see payment stablecoins as a form of money." Powell further underscored the significance of central banks as the "ultimate source of credibility in money" in all advanced economies. He also argued for the need for strong central bank oversight in stablecoin regulations being crafted by lawmakers in the House Financial Services Committee.

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Blockchain Association Asking SEC for Information on Prometheum

Ron Hammond, Blockchain Association's director of government relations, joins "First Mover" to discuss why the trade group had filed a Freedom of Information Act request with the SEC seeking records relevant to Prometheum, a crypto broker. Hammond said that "there's a lot of suspect questions" and "suspicious timing" connected to the company's recent regulatory approval.

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Ripple's Legal Chief on Why SEC Case is Important for the Crypto Industry

Ripple Chief Legal Officer, Stuart Alderoty, affirms their commitment to the defense of the entire U.S. crypto industry amid the ongoing SEC lawsuit in a recent 'State of Crypto' discussion. Alderoty asserts, "We've actually been benefited by the SEC suing us when they did," highlighting how this case has catalyzed industry-wide understanding and solidarity concerning regulatory issues.

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