Meta Enables Content Creators to Receive USDC Stablecoin Earnings via Solana, Polygon

The NFT market saw significant gains this week, with CryptoPunks and Bored Apes leading the way. Various collections like Azuki, BAKC, and Meebits also experienced notable increases. The recovery fund for the Kelp DAO exploit has reached its target, with major contributors including Aave founder Stani Kulechov.

French authorities have charged 88 suspects, including minors, in 12 investigations related to violent crypto "wrench attacks." The charges involve offenses like kidnapping, extortion, and money laundering by organized criminal groups targeting crypto holders.

The European Union imposed extensive sanctions on Russia, including a total ban on crypto providers and platforms based in the country. This ban also extends to Russia's central bank digital currency and stablecoin, with measures against various financial institutions and entities connected to the Russian banking network.

Western Union will launch its Solana-based stablecoin USDPT next month, designed for settling with its global agent network. The company's Digital Asset Network aims to bridge cryptocurrency wallets with physical locations for easy conversions.

The Department of Justice concluded its investigation into Jerome Powell, clearing the way for Kevin Warsh's potential nomination as the next Federal Reserve Chair. Senator Thom Tillis had delayed the confirmation vote pending the investigation's closure, which has now shifted prediction market bets in favor of Warsh.

Chainlink's data standard is now available on the AWS Marketplace, offering services like data feeds, data streams, and proof-of-reserve for enterprise developers. AWS has also developed reference architectures for proof-of-reserve monitoring and real-time prediction market trading.

Morgan Stanley has introduced a money market fund tailored for stablecoin issuers, allowing them to invest reserves in assets like notes, bonds, and overnight repurchase agreements. The product complies with the GENIUS Act, a federal framework mandating reserve requirements for stablecoins.

A researcher successfully cracked a 15-bit elliptic curve cryptography key using a quantum computer, demonstrating a potential threat to cryptocurrencies like Bitcoin and Ethereum. The quantum attack, using a variant of Shor's algorithm, marks progress towards the day when quantum computers could jeopardize billions in cryptocurrency.

Jane Street has filed a motion to dismiss a lawsuit alleging insider trading during the Terra collapse. The firm argues that trades were made after information became public, refuting the claim of profiting from non-public information.

Aave and DeFi protocols are coming together under the "DeFi United" banner to address the KelpDAO exploit, with commitments from platforms and individuals including Aave founder Stani Kulechov. Mantle proposed a credit facility, while Lido, Tydro, and others confirmed participation in the relief effort.