Blockchain News page 23

Security firm Blockaid identified the drain of a lending reserve tied to wrapped FLOW tokens on the Flow EVM network. More Markets, a decentralized lending protocol operating on Flow EVM, suffered a $9.3 million exploit targeting one of its lending reserves.

The Monetary Authority of Singapore has committed fresh funding to support fintech innovation, though reports differ on the exact size of the package. The Monetary Authority of Singapore has announced a new funding commitment aimed at supporting fintech innovation in the city-state. Fintech News Singapore reported the figure as S$220 million.

Stablecoin issuer Circle becomes Chelsea Football Club's principal partner, putting USDC front and center on the team's kit. Circle has agreed to a principal partnership with Chelsea Football Club, according to reports from CryptoPotato and crypto.news. As part of the arrangement, the USDC brand will appear on the front of Chelsea's match shirts.

The Japanese firm's 1,350 BTC transfer to an exchange-linked custody address has drawn scrutiny from market watchers Metaplanet has shifted 1,350 bitcoin, valued at approximately $108 million, to Coinbase Prime, according to reports from CoinGape and Cryptopolitan.

The move follows a major breach and reflects growing pressure to track digital asset flows tied to fraud Brazil's central bank is moving to establish a monitoring system for cryptocurrency transactions. The plan follows a cyberattack that reportedly caused around $180 million in losses, according to crypto.news.

The best-supported overnight story is a custody firm buying a trading desk, not a new platform launch, and the publisher counts say so. The best-supported overnight story is a custody firm buying a trading desk, not a new platform launch, and the publisher counts say so.

The digital asset custodian expands into derivatives as institutional demand for consolidated crypto services grows. BitGo has agreed to purchase the institutional trading unit of NYDIG, a firm known for its bitcoin custody and financing services. The acquisition adds derivatives and trading capabilities to BitGo's existing lineup of custody, settlement, and prime brokerage products.

South Korea's Upbit operator and the global payments network are exploring joint work in stablecoin settlement and artificial intelligence. Dunamu, the company behind South Korea's largest cryptocurrency exchange Upbit, has entered a partnership with Visa. The collaboration focuses on stablecoin-based payments and artificial intelligence business lines, according to reports from The Block and crypto.news.

The new platform aims to let users trade both digital assets and equities through a single, simplified interface. ZMO has introduced a new trading platform that brings crypto and stock trading together under one roof.

Regulator says false filings were used to project legitimacy and attract retail investors. The Securities and Exchange Commission announced charges against 38 entities accused of submitting false filings to appear as registered U.S. investment advisers. According to the agency, the filings were designed to create an impression of legitimacy.

Two separate developments touching XRP's payments network and its exchange-traded fund landscape were reported within hours of each other. Two updates concerning Ripple and its XRP token surfaced within the same news cycle on August 27, according to CryptoPotato and Cryptonews.com. One development centers on Mastercard's involvement with the Ripple ecosystem.

Digital asset markets are positioning ahead of a closely watched address expected to shape near-term Federal Reserve policy signals. Federal Reserve Chair Kevin Warsh is set to deliver a closely watched speech at the Jackson Hole economic symposium on Friday.

The two banking regulators have tightened the standard used to justify supervisory action against banks. The Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation have completed a joint rule that redefines what counts as an 'unsafe or unsound practice' in bank supervision.

The open-source wallet shipped a patch after an AI-assisted review identified issues needing fixes. Sparrow Wallet has pushed out version 2.5.4, according to reporting from Decrypt and CryptoBriefing. The update follows a code review in which artificial intelligence tools flagged issues that developers then addressed.

The company behind XRP is reportedly building out services that could include stock and index trading for institutional clients. Ripple is reportedly preparing a new institutional trading business aimed at traditional finance clients. Two reports published on August 27 described the move differently but pointed to the same underlying shift.

The brokerage giant is broadening its digital asset lineup beyond Bitcoin and Ether. Charles Schwab is preparing to expand its cryptocurrency offerings by adding trading support for Solana (SOL), Avalanche (AVAX), and Chainlink (LINK).

Prosecutors detain Radosław Piesiewicz as investigators examine suspected crypto-linked graft tied to the exchange's collapse. Polish prosecutors have detained Radosław Piesiewicz, the head of the Polish Olympic Committee, in connection with a graft investigation tied to the Zondacrypto exchange. The arrest was reported on Thursday by multiple outlets covering the case.

Changpeng Zhao revives the long-running comparison between bitcoin and gold as stores of value. Changpeng Zhao, the founder of Binance and one of the most influential voices in cryptocurrency, said bitcoin could eventually surpass gold in total market value. Yahoo Finance reported the remarks on August 27.