ChainCatcher news, according to Cointelegraph, the founder of the decentralized lending platform Curve Finance, Michael Egorov, believes that the potential risks of over-collateralized stablecoins are not necessarily the reserve-related risks commonly noted by investors, but rather the geopolitical risks brought about by government regulation.In an interview, Egorov stated that the underlying assets supporting collateralized stablecoins, including cash deposits from financial institutions and government securities such as U.S. Treasury bonds, are easily susceptible to asset freezes and seizures.

According to ChainCatcher news, as reported by DL News, Ethena has launched a new feature that allows traders to use their USDe as collateral when trading derivatives. It also pointed out that allowing traders to use partially derivative-backed assets for more derivative bets poses potential risks. Conor Ryder, the research director of Ethena Labs, explained: "We have taken this risk into account, which is why Ethena operates on more than five different platforms."Guy Young, the founder of Ethena Labs, stated that the company and its partners have taken adequate precautions. Among the five trading platforms collaborating with Ethena, the company will diversify short bets supported by USDe, with 48% on Binance, 23% on ByBit, 20% on OKX, 5% on Deribit, and 1% on Bitget.Through this initiative, Ethena aims to minimize the impact of unforeseen events on any one exchange. The same theory applies to spreading risk across different supporting assets: 50% of USDe is backed by Bitcoin, 30% by Ethereum, 11% by Ethereum liquid staking tokens, and 8% by USDT.

ChainCatcher news, according to a report by the Hong Kong Economic Times, the Deputy Secretary for Financial Services and the Treasury, Chen Haolian, stated in a speech at the Asian Financial Forum that the authorities are proactive participants in promoting the development of virtual assets and the third-generation internet ecosystem, and plan to amend regulations to bring the trading activities of virtual asset over-the-counter exchanges under regulatory oversight. Chen Haolian pointed out that the government will ensure that the regulatory framework manages and mitigates the actual and potential risks of virtual assets while providing a transparent and predictable regulatory environment for industry development. Web3, built on a solid foundation of blockchain technology, is a rapidly developing field; Hong Kong has always emphasized the resilience of financial markets, and the same applies to virtual assets.He mentioned that there are over 20 economies and more than 170 entities related to the third-generation internet established in Hong Kong; the licensing system for virtual asset trading platform operators was implemented last June, and two virtual asset trading platform operators have already been licensed, while the Securities and Futures Commission is also reviewing applications submitted by over 10 platform operators. The consultation on the proposed regulatory framework for stablecoins released last December has engaged the public, and the Monetary Authority will launch a sandbox arrangement to facilitate exchanges of views between regulatory bodies and the industry.

ChainCatcher message, UniSat Wallet posted on platform X stating that the official Atomicals node has experienced delays across multiple blocks. It is recommended to wait for 3 more confirmations when operating assets to avoid potential risks. If a user's wallet contains ARC20 assets, do not import them into wallets that do not yet support ARC20 assets to avoid the risk of asset loss. When interacting with different applications and signing transactions, please pay attention to the assets involved in the pop-up interface to ensure that unrelated assets are not mistakenly included in the current transaction.

ChainCatcher news, Coinbase's Head of Institutional Research David Duong and Senior Sales Trader Greg Sutton stated that the introduction of a spot Bitcoin ETF in the U.S. could lead to a "regulated" Bitcoin shortage. Once these ETFs begin trading, two key risks may arise: the first risk is that the launch of a spot Bitcoin ETF could create issues for institutional procurement of BTC, as issuers need to purchase enough Bitcoin to hold in the ETF; the second risk involves a more popular institutional trading strategy known as "basis trading," which refers to exploiting the price difference between the spot price of Bitcoin and Bitcoin futures contracts.According to data from Velo, potential profits from basis trading have surged by 20% over the past two weeks due to a significant increase in trading volume of both spot and futures contracts for Bitcoin. However, as institutional investors increasingly invest directly in Bitcoin (through spot ETF products), the basis will narrow, leading to a substantial decrease in the profitability of the trades.

According to ChainCatcher's message, the blockchain security agency Supremacy has monitored a potential risk in Binance's proposal to add wBETH to the Gauge Controller initiated by Curve. There is a feature in the WrapTokenV1BSC contract on the BNBChain platform that allows the transfer of all ETH Reserve, which is a single-signature EOA account. This means that a private key leak or internal malfeasance could lead to very serious consequences.Binance's feedback indicated that the private key of this account is controlled by the finance department, which provides a certain level of security and thus reduces the risk. However, Supremacy still believes there is a centralization risk at the code level. (Source link)

ChainCatcher news, the acting head of the Intermediaries Division of the Hong Kong Securities and Futures Commission, Choi Chung-fai, stated that the SFC understands the opportunities brought by Web 3.0 and fully supports the use of new technologies to provide financial services and products in Hong Kong. However, it will also be vigilant about potential risks and steadfastly protect investors and market integrity to establish Hong Kong as a primary hub for Web 3.0 and virtual assets. (Source link)

ChainCatcher news, according to Cointelegraph, a survey conducted by the Federal Reserve Bank of New York (one of the 12 Federal Reserve Banks in the U.S.) shows that in 2022, 10 risk factors surpassed cryptocurrencies to become the most pressing financial risks to the U.S. economy, including geopolitical tensions, the COVID-19 pandemic, and more. (Cointelegraph)