NY Fed, Singapore Regulator Verify CBDC Interoperability, Payment Speeds in Latest Test

Central bank digital currency (CBDC) systems operating on different types of networks can be used for cross-border and cross-currency payments, a new report published by researchers with the New York Federal Reserve and Monetary Authority of Singapore late Thursday said.Source

Bitcoin Drops Below $27K as Investors Continue to Weigh Debt Ceiling Talks, Regulatory Actions

BTC reversed its morning gains, declining below $26,500 before recently rebounding.Source

Ledger Continues to Defend Recovery System, Says It’s Always ‘Technically’ Possible to Extract Users’ Keys

“Technically speaking it is and always has been possible to write firmware that facilitates key extraction. You have always trusted Ledger not to deploy such firmware whether you knew it or not,” Ledger said on Twitter.Source

ApeCoin DAO Approves Proposal to Boost Bored Ape NFTs, APE Ecosystem Growth

The Ape Accelerator will incubate and launch new projects that strengthen the Bored Ape Yacht Club and ApeCoin ecosystems.Source

Ripple Starts Platform for Central Banks to Issue Their CBDCs

The firm will also showcase a real estate tokenization product as part of Hong Kong Monetary Authority’s e-HKD pilot.Source

G-7 Must Take Charge in Ending ‘Lawless’ Crypto Space, FATF Chief Says

President of the global financial crimes watchdog, T. Raja Kumar, urged G-7 leaders to “effectively” implement FATF’s crypto anti-money laundering norms ahead of their meeting this weekend.Source

U.S. Bitcoin Corp to Host 150K Crypto Mining Rigs

The contracts are the latest in a series of moves indicating the mining industry is getting back on its feet.Source

FTX Units Sue Embed Shareholders, Seek to Retrieve $6.9M

Alameda alleges that Bankman-Fried and other insiders paid Embed misappropriated FTX funds in late September 2022, only weeks before the crypto exchange filed for bankruptcy.Source

Lido Community Members Propose LDO Token Staking and Buyback Plan

The proposal includes a revenue-sharing parameter that would redirect 20-50% of “future Lido DAO revenue from the protocol treasury to stakers of $LDO.”Source

Crypto Observers Decode Large Block Trade in Ether Options

Debate rages on whether the large ether options flow witnessed on Tuesday represents a bet on return of volatility or a rollover of a “covered call” strategy.Source