Headlines

▌Google Now Supports Search to Display Ethereum Wallet Balance

Google now supports data about Ethereum addresses directly when searching. When searching for an Ethereum address on Google, the search engine now shows the wallet's ETH balance. The data comes from the Ethereum block explorerEtherscan.

Policy

▌US CFTC Chairman:Don’t Expect Crypto Innovation to Become a “Free Pass” for Regulation

Don’t expect crypto innovation to be a “free pass” for regulation,Rostin Behnam, chairman of the U.S. Commodity Futures Trading Commission (CFTC), said in a speech at DC Fintech Week on October 12.

▌International Monetary FundReleases "Global Financial Stability Report"

The International Monetary Fund released a new issue of the "Global Financial Stability Report" on October 11, stating that since April 2022, global financial stability risks have increased, and the risk balance has tilted significantly downward. The report analyzes central bank policy responses to high inflation, the risk of a disorderly tightening of financial conditions, and debt crises in emerging and frontier markets. It explores how to close the climate financing gap in emerging and developing economies, and the contribution of investment funds to asset market vulnerabilities. The report recommends that central banks must act decisively to restore inflation to target levels. Some emerging market economies that are dealing with a global tightening cycle should reduce financial stability risks and maintain appropriate monetary policy transmission. Sovereign borrowers in developing economies and frontier markets should do more to contain the risks posed by high debt vulnerabilities. Policymakers should curb further accumulation of financial vulnerabilities.

Cryptocurrency

▌GoogleChooses Coinbase for Cryptocurrency Cloud Payments and will use its Hosting Tool

Early next year, Google will begin allowing some customers to use digital currency to pay for cloud services. Additionally, Google said it would explore using Coinbase Prime, a service for storing and trading cryptocurrencies. Coinbase will move some of its applications from Amazon Web Services to Google's cloud.

▌US SEC Rejects WisdomTree's Spot Bitcoin ETF Application

The U.S. Securities and Exchange Commission (SEC) has rejected WisdomTree’s spot Bitcoin ETF on the grounds of investor protection.

▌US SEC Investigates Bored Ape’s Yuga Labs Unregistered Digital Assets Sales

As per a Bloomberg report, Yuga Labs is facing an investigation from the SEC on the legality of the sales of its high-value NFT offerings. Most notably, that includes pieces from the renowned Bored Ape Yacht Club collection that’s turned PFP NFTs into a Web3 household name. This investigation has not been spurred on by wrongdoing on the part of Yuga Labs. Instead, it is meant to serve as a way for policymakers and regulators can “learn more about the novel world of Web3,” as a Yuga Labs spokesperson mentioned in the report.

▌Temple DAO Hacked for over $2.3M

DeFi protocol Temple DAO lost over $2.3 million to a hack and confirmed by blockchain analytical firm Peckshield. According to Peckshield, the hacker funded the attack from SimpleSwap and has transferred 1,831 ETH to a new address. It was revealed that the hacker exploited a “missing onlyMigrator check” function in the StaxLPStaking contract. Meanwhile, TempleDAO has taken down the dApp to avoid accidental usage. The team urged the hacker to return the funds, offering him a legal bounty for the exploit.