Today in crypto, the Ethereum Foundation has allocated 45,000 Ether (approximately $120 million) to various decentralized finance (DeFi) protocols in response to community concerns about the foundation’s reliance on selling ETH for funding. Specifically, 4,200 ETH was deposited into Compound, 10,000 ETH into Spark, and 30,800 ETH into Aave. Aave's CEO noted this as their largest allocation in DeFi. Meanwhile, US Federal Reserve Governor Christopher Waller advocated for banks to issue stablecoins, emphasizing their potential to enhance retail and cross-border payments, while acknowledging the need for clear regulations. He expressed concerns about the risks associated with stablecoins, referring to past failures that affected the crypto market. Lastly, the co-founders of HashFlare pleaded guilty to wire fraud, admitting to defrauding users of over $550 million and misrepresenting a failed digital banking project.

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