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The U.S. Senate Banking Committee Advances the "Financial Transparency and Regulatory Compliance Act"

2025.03.14 02:24:20

On March 14th, the U.S. Senate Banking Committee advanced the "Financial Integrity and Regulation Management Act" by a 13 - 11 vote this Thursday. This act will disallow federal regulatory agencies from employing "reputational risk" as an assessment element in financial regulation. Furthermore, the committee made a series of amendments to the act, such as adjusting regulatory approaches through "management schemes" to guarantee that bank regulation is "tailored" according to their risk profile and business model.
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Cardano experienced a brief chain split on Friday due to an old code vulnerability, which went unnoticed possibly due to its "dormant" nature.

On November 23rd, as reported by Cointelegraph, due to a "format error" in a delegation transaction, the Cardano network experienced a temporary chain split on Friday. Delegation transactions refer to transactions where ADA is delegated to a staking pool. Although these transactions are valid at the protocol level, they can potentially lead to a code fault that affects network functionality. According to an incident report released by the Cardano ecosystem organization Intersect, this "format error" transaction exploited an old code vulnerability in the underlying software library of the Cardano blockchain, causing nodes to diverge in transaction processing and ultimately resulting in a network split. This vulnerability was caused by a staking pool operator named Homer J, who used AI-generated code to drive the transaction and has admitted responsibility for the network split. The staking pool operator was required to download the latest version of the node software to fix the issue a

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Coinbase: BTC and ETH Wallet Migration Completed

On November 23rd, Coinbase Platform declared that the wallet migration for BTC and ETH had been successfully accomplished. Previously, Coinbase officially announced that an internal wallet migration for BTC and ETH was going to be carried out. The funds would be transferred from the internal old wallets to the new ones. Many wallets had already been marked on most blockchain analytics platforms. It is anticipated that this migration would not lead to any interruptions in product services, and the deposit addresses for recharging would not be affected. Nevertheless, users should be cautious of phishing scams.

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The market remains in a state of "Extreme Fear," with a weekly average of only 10.

On November 23rd, based on alternative data, the current cryptocurrency Fear and Greed Index today is at 13 (yesterday it was 11), with a weekly average of 10, suggesting that the market sentiment is in an "extreme fear" state. Note: The Fear Index ranges from 0 to 100 and encompasses the following indicators: Volatility (25%) + Market Volume (25%) + Social Media Hype (15%) + Market Surveys (15%) + Bitcoin's Market Dominance (10%) + Google Trends Analysis (10%).

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Monad: Mainnet is scheduled to launch next Monday

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A whale address shorted 4,574.87 ZEC after the market rebound, while simultaneously entering a 20x long position on BTC.

On November 23rd, as per the monitoring of LookOnChain, trader 0x152e closed his long position in ZEC yesterday, resulting in a loss of $846,000. Just when ZEC was on the rise, within the past 40 minutes, the trader reversed his position: shorting 4,574.87 ZEC with a 5x leverage (valued at $2.66 million). Simultaneously, he established a 20x leveraged long position in BTC, with a position size of 367.36 BTC (worth $31.63 million).

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A whale address transferred 8920 ETH to Binance at a loss-making price 1 hour ago

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