WAO ART #304

The Basel Committee for Banking Supervision is proposing stricter criteria for stablecoins to be categorized as less risky than cryptocurrencies like Bitcoin. The committee wants stablecoins to meet standards of short-term maturity, high credit quality, and low volatility in their reserve assets.

The hacker behind the attack on Ledger's connector library stole at least 4.334 Ether (ETH) worth nearly $484,000, according to blockchain analysis platform Lookonchain. The security breach impacted popular decentralized applications such as Zapper, SushiSwap, Phantom, Balancer, and Revoke.cash.

The Philippines Securities and Exchange Commissionhas clarified that a ban on Binance and other unregistered crypto exchanges in the country will take effect in three months. The SEC issued an advisory against Binance, accusing the exchange of targeting Filipinos without the necessary license.

French transport consultancy SYSTRA has acquired Rail Systems Australia in order to expand its range of services. The acquisition will allow company's Australian and New Zealand branch, to introduce a larger local workforce and develop more sustainable and integrated public transportation networks.

The African Development Bank and the International Committee of the Red Cross have signed a Memorandum of Understanding to address humanitarian and development challenges in Africa. The partnership aims to scale up impact in conflict-affected settings, with a focus on conflict prevention.

Brazilian iron ore miner CSN Mineração, a subsidiary of steelmaker CSN, plans to invest $3.13bn between 2024 and 2028 to increase production and buy iron ore from third parties. The company aims to reach production levels of 43.5 million tonnes in 2024 and 68 million tonnes in 2028.

Cathie Wood's Ark Invest has sold $43 million worth of Coinbase shares and $1.6 million worth of Grayscale Bitcoin Trust (GBTC) shares as prices reached new highs. Ark Invest has been shifting its focus from cryptocurrency to the AI field, leading to the offloading of its COIN and GBTC holdings.