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Wrapped XDAI news
U.S. Private Debt Hits Record Defaults, Increasing Pressure on Markets
The default rate for private credit borrowers in the United States rose to 6.3% in the 12 months ending in August, according to Fitch Ratings. This figure marks a new historical high and reveals particularly intense pressure on small companies in the health and industrial sectors, whose variable-rat...
Tether Blocks $52 Million in Operation with FBI and DOJ
"We should never touch the protocol again. The experimentation phase was 10 years ago," says Cobra about Bitcoin
Cobra, the owner of Bitcoin.org, reiterates his defense of Bitcoin's ossification and warns against the use of AIs in the development of the project.
$55 million Aave stablecoin pool sees just $4.4 million available for withdrawals
Aave stablecoin yields can rise as deposits leave. The Monad USDT0 pool shows why unborrowed liquidity and reward incentives matter for withdrawals.
EU Tightens Rules for Cryptocurrency Wallet Manufacturers
In the European Union, providers of hardware and software cryptocurrency wallets must now report any vulnerabilities found within 24 hours of their discovery. This requirement is enshrined in the EU Cyber Resilience Act (CRA), with the new provisions coming into effect on September 11.
Cyberattacks: Banks Have No Time to Lose Against AI
The BIS warns: autonomous AI reduces the time between discovery and exploitation of a flaw to just a few minutes. Banks must adopt crypto reflexes.
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