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‘Happy Ending’ to DeFi’s Largest Hack
The attacker who hacked more than $600 million from the China-based Poly Network platform has released the private key for the remaining $141 million of the stolen cryptocurrency, putting a "happy ending" to the weeks-long saga. "The Hash" hosts discuss the key takeaways from the largest hack in decentralized finance (DeFi) history as it comes to an end.

Most Executives Reportedly See Digital Assets as Strong Fiat Alternative in Next 5–10 Years
76% of executives around the world think digital assets will be a “strong alternative to or replacement for” fiat in the next five to 10 years, according to a new survey by Deloitte. Cybersecurity, regulation and privacy were seen as the biggest obstacles to global crypto adoption.

Circle: USDC to Be Backed 100% by Cash, US Treasurys by September
By September, Circle announced its stablecoin USDC would be 100% backed by cash and short-term U.S. government Treasurys. This following the USDC developer revealing in July only 61% of tokens were backed by cash and money-market funds, amid plans to go public via a SPAC deal that would value the firm at $4.5 billion.

House Returns to Washington to Forge Ahead With Infrastructure Bill
The House of Representatives is expected to return to Washington Monday to hold a procedural vote to advance the Senate’s $1 trillion bipartisan infrastructure legislation. CoinDesk’s Nikhilesh De discusses what to expect as it seems the bill is likely to be formally introduced without a crypto amendment.

Why Bitcoin Topped $50K for First Time in 3 Months
Bitcoin is again trading above the $50,000 price tag, hitting the key psychological mark for the first time in over three months. Rachel Lin, CEO of DeFi derivatives platform SynFutures, discusses the potential factors driving the surge. Plus, her take on institutional demand for stablecoins and insights into the Asian crypto markets.

How Do Bear Market Cycles Impact NFTs?
Unique CEO Alexander Mitrovich and IAAI GloCha Executive Director Miroslav Polzer associated with the United Nations have teamed up to create non-fungible tokens (NFTs) to help engage the masses in the fight against climate change. They discuss the potential impact of bear and bull market cycles on the NFT market. Plus, their take on the outlook for a more eco-friendly NFT scene as part of a wider conversation about the crypto industry's environmental concerns.

Mastercard Partners With Paxos to Simplify Payments Card Offerings for Cryptocurrency Firms
Mastercard’s Raj Dhamodharan and Paxos’ Walter Hessert discuss their partnership enabling more banks and crypto companies to offer card programs, helping crypto holders spend their digital assets anywhere Mastercard is accepted.

Upbit Submits Compliance Report, China’s E-CNY Trials Broaden
South Korea’s Upbit first to submit a compliance report to the Financial Intelligence Unit. Crypto market on a roll as Bitcoin breaks US$50,000 mark, and China’s e-CNY trials continue to broaden. We’ll have more on those stories and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”

This United Nations-Associated NFT Project Is Helping Fight Climate Change
Proof-of-stake non-fungible token (NFT) platform Unique Network has been selected by the United Nations’ accredited organization International Association for the Advancement of Innovative Approaches to Global Challenges (IAAI GLOCHA) as the host of the DigitalArt4Climate initiative, which aims to inspire greater environmental awareness via NFTs.

Bitcoin Breaks $48K for First Time Since May
Bitcoin is up 6% over the last 24 hours and has broken the $48,000 mark for the first time since May. "All About Bitcoin's" Week in Review panel discusses this watershed moment, Bitcoin's Lightning Network passing new milestones, the potential impact of the global Blockstream Satellite network on mining, and Japan's Liquid Global exchange hack.
