In today's crypto news, the Ethereum Foundation has deployed 45,000 Ether (approximately $120 million) to various decentralized finance (DeFi) protocols including Aave, Spark, and Compound, responding to community concerns about the foundation's funding methods. Notably, Aave's CEO confirmed this as their largest allocation in DeFi, aiming to support liquidity and reduce the need for ETH sell-offs. Meanwhile, US Federal Reserve Governor Christopher Waller advocated for allowing banks to issue stablecoins, suggesting they could enhance the US dollar's reach and improve payment systems. He emphasized the importance of regulatory frameworks to mitigate stablecoin risks but acknowledged existing challenges with regulations. Additionally, the co-founders of HashFlare have pleaded guilty to wire fraud, admitting to defrauding users of over $550 million between 2015 and 2019. They agreed to return funds and forfeit assets to mitigate financial harm to affected users.

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