PANews reported on October 27th that, according to Bloomberg, Citigroup and Coinbase announced a partnership to explore providing Citi's institutional clients with more convenient two-way conversion and cross-border settlement between crypto assets and fiat currencies, with plans to advance on-chain stablecoin payment solutions in the coming months. Citi cited client demands focused on "programmability, conditional payments, 24/7 speed, and cost efficiency." Coinbase stated that it provides infrastructure to over 250 financial institutions globally, with services covering spot and derivatives trading, custody, staking, and payments. Citigroup has previously launched a blockchain-based tokenized deposit platform. The stablecoin market is expected to exceed $1 trillion within five years.PANews reported on October 27th that, according to Bloomberg, Citigroup and Coinbase announced a partnership to explore providing Citi's institutional clients with more convenient two-way conversion and cross-border settlement between crypto assets and fiat currencies, with plans to advance on-chain stablecoin payment solutions in the coming months. Citi cited client demands focused on "programmability, conditional payments, 24/7 speed, and cost efficiency." Coinbase stated that it provides infrastructure to over 250 financial institutions globally, with services covering spot and derivatives trading, custody, staking, and payments. Citigroup has previously launched a blockchain-based tokenized deposit platform. The stablecoin market is expected to exceed $1 trillion within five years.

                                                                               The eight-hour outage occurred during the largest liquidation event in crypto history, prompting dYdX to propose community-governed reimbursements from its insurance fund.                     Decentralized exchange dYdX released a post-mortem and community update detailing plans to compensate traders affected by a chain halt that paused operations for roughly eight hours during last month’s market crash.The exchange said on Monday that its governance community will vote on compensating affected traders with up to $462,000 from the protocol’s insurance fund.DYdX wrote that the Oct. 10 outage stemmed “from a misordered code process, and its duration was exacerbated by delays in validators restarting their oracle sidecar services.” According to the DEX, when the chain resumed, “the matching engine processed trades/liquidations at incorrect prices due to stale oracle data.”Read more