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- Coinbase CEO Brian Armstrong claims U.S. crypto legislation enjoys 90% bipartisan support, with key bills like CLARITY Act nearing Senate approval by year-end. - Political tensions persist over DeFi regulation and stablecoin oversight, with Senate deadlines looming and Trump-backed crypto projects facing scrutiny from Warren and Tillis. - Coinbase partners with Citi to expand stablecoin-driven institutional payments, aiming to modernize global finance through cross-border digital asset solutions. - Stabl

- dYdX proposes $462,000 compensation from its insurance fund for traders impacted by a 10 October chain outage caused by oracle and validator failures. - The outage triggered $19B in liquidations, exposing DeFi vulnerabilities in oracle dependencies and validator coordination during high-volatility periods. - Binance separately offered $728M in relief measures for affected traders, emphasizing market stability without accepting liability for losses. - Experts highlight 20-30% amplified losses during outag

- China's Ministry of Finance issues $4B USD-denominated sovereign bonds in Hong Kong, boosting offshore liquidity and yield curve reliability for global investors. - Sany Heavy Industry raises $1.59B via Hong Kong listing, contributing to a 3x surge in year-to-date capital raisings ($23B) as firms leverage relaxed cross-border investment rules. - Hong Kong's dual role as China's offshore capital gateway is reinforced through sovereign bond sales and corporate listings, signaling confidence in attracting f

- S&P assigns B- rating to Strategy Inc., citing heavy bitcoin reliance, limited liquidity, and structural debt risks despite $73.7B BTC holdings. - Company's "currency mismatch" exposes it to liquidity strain as volatile bitcoin backs USD debt and dividends, with $8B in convertible debt maturing by 2028. - Sharp BTC price drops could force asset sales or debt restructuring, though stable outlook depends on maintaining capital access and avoiding prolonged price stress. - Rating aligns Strategy with high-r