ChainCatcher news, according to Unchained, Saga founder Rebecca Liao stated that the "Web3 Financial Compensation Report" shows that women in the Web3 finance sector earn an average of 46% less than men, a gap significantly higher than the 39% (U.S.) and 28% (U.K.) in Web2 finance.In 2024, over 90% of blockchain venture capital funding is directed towards male-dominated projects, and in 2023, women held only 26% of positions in the crypto industry, with only 6% in leadership roles.Although an earlier report from Pantera indicated that women in the crypto field earned 14.6% more than men, this study also showed that women in the industry had an average experience level of 5.3 years, compared to 4.5 years for men.Rebecca Liao stated that these two studies do not present a contradictory picture but rather emphasize the fact found by McKinsey in its 2023 Women in the Workforce report: women are not hindered by a lack of opportunities for C-suite promotions, but rather face a "leakage." This means that women progress from junior to mid-level positions at a slower rate than men, thereby hindering their chances of advancing to senior levels.

ChainCatcher news, according to Bloomberg, Swedish central bank governor Erik Thedeen stated: "I hope to see as little Bitcoin as possible in the Swedish financial system, as it is an unvalued tool that is essentially based on pure speculation. While Bitcoin does not pose a threat to financial stability, it remains a risk for consumers."

ChainCatcher news, according to the Financial Times, cryptocurrency and digital payment companies paid $5.8 billion in fines last year (2023) due to deficiencies in customer checks and anti-money laundering controls, as well as failures to comply with sanctions and other financial crime issues. This includes the $4.3 billion fine imposed by U.S. prosecutors on the cryptocurrency exchange Binance. The total amount of fines for the cryptocurrency sector exceeded that of the entire traditional financial system for the first time, as the traditional financial sector only paid $835 million in fines last year.

ChainCatcher news, the Hong Kong Monetary Authority today released a research report titled "Assessing Volatility Spillovers from Cryptocurrencies to Traditional Financial Assets: The Role of Asset-Backed Stablecoins." The report states that asset-backed stablecoins play a key role in the crypto ecosystem due to the stable value provided by the backing of traditional financial assets. However, these stablecoins share similar liquidity mismatch risks with money market funds, which may expose them to fire sales of reserve assets during periods of instability in the crypto ecosystem, thereby increasing the volatility of these reserve assets. In extreme cases, the failure of stablecoins or other crypto assets could lead to massive redemptions of asset-backed stablecoins and the liquidation of their reserve assets, potentially having a significant impact on the traditional financial system.The report states that, in light of the international regulatory community's consideration of establishing appropriate frameworks to regulate stablecoins, the research summarizes two recommendations that regulators may consider: 1. Requiring issuers of asset-backed stablecoins to standardize and regularly disclose their held reserve assets, which may help regulators assess and compare their liquidity positions and potential liquidity mismatch risks. This would enable regulators to more timely consider taking appropriate measures to reduce spillover risks during market turbulence; 2. Strengthening the liquidity management of asset-backed stablecoins, possibly by limiting the composition of reserve assets and requiring clear redemption rights, which may also help reduce spillover risks. (source link)