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Dollar stablecoins could improve FX access but amplify currency runs: IMF paper

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An IMF working paper says dollar stablecoins can improve access to foreign currency but may also help coordinate exits from local currencies during periods of severe exchange-rate stress.

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Initia confirms second exploit in 3 weeks, $3.27M stolen in latest attack

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Initia said an attacker exploited compromised cloud credentials to move $3.27 million in crypto assets, with about $2.16 million remaining frozen on its halted network.

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Across Protocol restores website after hackers hijack domain

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The cross-chain bridge said a social engineering attack targeting domain registrar Namecheap allowed hackers to redirect users to a phishing site.

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Crypto ally Tom Emmer elected House GOP minority whip

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The Minnesota lawmaker, who helped establish the Congressional Crypto Caucus, will stay on as Republican whip after Democrats won the midterms.

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