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Stablecoins could enter M1 or M2, Fed study says

Federal Reserve researchers proposed a framework on Sept. 4 for deciding how stablecoins and other blockchain-based financial products could fit within U.S. money supply statistics. Summary Federal Reserve researchers said payment stablecoins could eventually qualify for inclusion within M1 or M2. Everyday payment use would support M1 classification, while short-term value storage would point toward…

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Orionx Halts Operations After Audit Uncovers $7M Financial Hole

Key Takeaways Orionx halted withdrawals and is shutting down after a forensic audit revealed a $7M financial shortfall. Orionx filed criminal complaints against its founders for allegedly losing user funds in speculative trading. Regulators revealed Orionx operated illegally, leaving over 100,000 users with no guarantee of full refunds. Orionx Halts Customer Withdrawals Amidst $7 Million…

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Binance launches PONS and Hajimi perpetual futures

Binance Futures launched two USDT-settled perpetual contracts on Sept. 6, adding markets for Pons (PONS) and the Chinese meme coin 哈基米, commonly rendered as Hajimi. Summary Binance Futures launched PONSUSDT and HajimiUSDT perpetual contracts on September 6, settled entirely in USDT. Both contracts trade continuously, require five USDT minimum notionals and settle funding every four…

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