Cubist Systematic Strategies sues former analyst for stealing code

Philadelphia Federal Reserve President Patrick Harker stated that he supports a gradual increase in interest rates, noting that current wage pressures are limited and inflation expectations are consistent with the 2% target. Harker believes that a gradual tightening of policy is appropriate, but he would act more quickly if inflation expectations rise, wage pressures increase, or underlying inflation increases. Patrick Harker points out that slowing the pace of interest rate hikes gives households, businesses, and the financial sector time to adjust and allows policymakers to assess the data. A gradual approach is most effective when the policy direction is clear. (Source: Sina Finance)

[Pavel Durov: Telegram Messages Can Be Transformed into Apps, Supporting TON Wallet Integration] Telegram founder Pavel Durov stated that any Telegram message can be transformed into an app smaller than 4KB, supporting native rendering, interactivity, built-in payments, and viral spread. The Bot API 10.4 update allows bots and AI agents to send native HTML widgets within message bubbles, supporting dynamic layouts, interactive elements, and in-place updates. Widgets can integrate with the Telegram native wallet, supporting signed transactions and notifications. Bots can read user wallet balances, NFT stickers, and recognize transfer service messages. Button clicks trigger temporary replies visible only to the clicker. Premium users can set secondary usernames for two bots ending in agent, ai, app, game, etc.

Crypto analyst Tom Wan stated that Ethereum's stablecoin market share has fallen to 46%, a record low. Over the past year, the on-chain supply of stablecoins on Ethereum has decreased by $32.5 billion, while the total supply of stablecoins across the entire market has only decreased by approximately $10 billion. During the same period, Tron's stablecoin supply increased by $16.2 billion, raising its market share to 32%; Hyperliquid and Solana each increased by $1.6 billion. In addition, newly launched blockchains this year, such as Arc, X Layer, Robinhood Chain, Tempo, and Monad, collectively added approximately $5.2 billion to the stablecoin supply.

Robinhood has offered $16.5 million to settle a class-action lawsuit over insufficient interest payments on uninvested cash. (Source: Bloomberg)

Decentralized trading platform Arcus disclosed that an accounting vulnerability was discovered on November 10th, allowing users to withdraw funds they were not entitled to. Arcus fixed the vulnerability and covered all gaps within an hour; user balances were unaffected, and trading and withdrawals continued normally. At 11:07 AM on November 10th, a newly created account exploited a vulnerability in the handling of transfers between user sub-accounts to record a balance far exceeding its actual holdings and request withdrawals. Approximately $2.234 million USDG was withdrawn before withdrawals were halted, and another $3 million in withdrawal requests were intercepted and revoked by the cross-chain bridge rate limit.