Venus Protocol suffers suspected $30 million loss from attack

As the crypto market navigates a period of consolidation, many traders have their charts focused on XRP. The veteran altcoin is being closely watched for a decisive move, with some analysts cautioning a bearish retest could be in the cards. While XRP holders wait in anticipation, a different kind of story is unfolding in the [...] The post Traders Watch XRP This Week for Bearish Retest, This New ETH L2 Token Just Hit an All-Time High appeared first on Blockonomi.

TLDR: Yunfeng Financial Group purchased 10,000 ETH worth $44M from internal cash reserves. The Ethereum investment supports Web3 growth, RWA tokenization, and client financial autonomy. ETH inclusion allows Yunfeng to explore new models in insurance and digital asset innovation. Company will monitor market and regulatory changes to adjust strategic reserve assets as needed. Yunfeng Financial [...] The post Jack Ma-Linked Yunfeng Stashes $44M in Ethereum for Web3 Push appeared first on Blockonomi.

PANews reported on September 2nd that, according to Jinshi, many prominent economists have voiced their support for Federal Reserve Governor Lisa Cook, following President Trump's move to fire her over allegations of mortgage fraud. Nearly 600 economists signed an open letter supporting Cook, arguing that the bar for removing a Fed governor is high and that elected officials should avoid actions and rhetoric that undermine the Fed's independence. The letter, published on Tuesday, was signed by Nobel laureates Claudia Goldin and Paul Romer, Christina Romer, former Chair of the Council of Economic Advisers under President Obama, and Trevon Logan, a professor at Ohio State University and a co-author of a paper with Cook.