Polygon said businesses can also move the world’s largest stablecoin USDT between TRON and EVM networks without connecting to a wallet provider, bridge or fiat-ramp operator.

Cybersecurity consultant Jonathan Spalletta has been found guilty by a New York jury for stealing nearly $55 million in assets from Uranium Finance and faces up to 20 years in prison. Law enforcement agencies seized over $3 million worth of cards and approximately $31 million worth of encrypted assets from his residence. He also spent over $600000 on Roman coins and $137000 on Wright Brothers aircraft components. (Source: Bloomberg)

Cryptography researcher Justin Drake suggests that large holders transfer their funds to a new address where the transaction has never been signed and the public key is still hidden after hashing, and suggests transferring the remaining funds to the new address after each signature. Justin Drake believes that ECDSA may be cracked by classical algorithms before quantum computing Q-Day, and in the worst case, it could happen within a few months. Binance, Bitbank, Robinhood, Bitfinex, and Tether can reinforce cold wallets.

[French Hill: SEC and CFTC Regulations Fall Short of Clarity Bill Expectations] Chairman of the House Financial Services Committee, French Hill, pointed out that the regulatory measures of the SEC and CFTC fall short of the expectations set by the Clarity Bill. He plans to push for the bill's passage during the lame-duck session. (Source: Bloomberg)

French Hill, Chairman of the U.S. House Financial Services Committee, stated that the regulatory actions of the SEC and CFTC fall short of the stability provided by congressional legislation, and that the CLARITY Act still needs to be passed to ensure the United States' leading position in digital assets and blockchain technology. French Hill hopes that Congress will pass the bill during the session after the midterm elections. (Source: Fox Business)