Malaysia, Thailand join Singapore’s cross-border stablecoin push ━━━━━━━━━━━━━━━━━━━━
Bank Negara Malaysia and the Bank of Thailand joined Singapore’s BLOOM initiative on Friday as policymaker members.
BLOOM, short for Borderless, Liquid, Open, Online, Multi-currency, is a public-private initiative that intends to help financial institutions use stablecoins and tokenized deposits for cross-border payments. According to the Monetary Authority of Singapore, BLOOM aims to cut costs and help institutions bring services to market faster by reducing the need for institutions to set up arrangements with each counterparty or market.
$ETH : Ethereum’s long-awaited Glamsterdam upgrade hits another roadblock as 13 security risks em ━━━━━━━━━━━━━━━━━━━━
• Developers cancel a crucial testnet activation after ChainSecurity identifies 13 real-world examples of smart contracts affected by proposed gas changes. • Ethereum developers have postponed the Glamsterdam upgrade on a major test network after identifying potential security risks affecting existing smart contracts. • The Ethereum Foundation confirmed on Oct. • 26 on the Hoodi testnet, would no longer proceed as planned. • Developers agreed to investigate how a proposed change to Ethereum's gas-accounting system could affect applications already operating on the blockchain.
$SOL $BTC : New DeepSeek ban in US, Swiss-Asia crypto ties deepen: Asia Express ━━━━━━━━━━━━━━━━━━━━
• Singapore firm behind Europe’s first spot Bitcoin ETF, as Switzerland partners with Vietnam on crypto tech. • The US Treasury has proposed new rules that would block investment in artificial intelligence projects (sorry, ‘Super Intelligence’ projects) and certain high risk semiconductors in some foreign countries. • The blocks have been mainly aimed at geopolitical rival China, but will now also encompass other adversaries including Russia, Iran, North Korea and Cuba. • The rules would implement the COINS Act from December 2025 and expand the Outbound Investment Security Program that went into effect in January 2025.
• Railway says an attacker may have decrypted customer variables. • On-chain investigator @tayvano_ separately reports roughly $371,000 drained across at least 19 EVM chains. • Railway, a cloud deployment platform, has urged every user to replace stored secrets after disclosing on Oct. • 21 that an attacker may have accessed encrypted customer environment variables and read some of their contents. • Railway said those variables may contain API keys, database credentials and private registry credentials.
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Source - CryptoSlate
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