Tag: infrastructure

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Dems win non-federal statewide offices in Georgia for first time in 20 years

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Democrats were projected to score a major victory on Tuesday night by winning a pair of statewide offices in Georgia the first time in 20 years Democrats have won in a non-federal office in that state. The candidates, Alicia Johnson and Peter Hubbard, were elected to seats on the Georgia Public Service Commission, defeating incumbent Republican commissioners Tim Echols and Fitz Johnson. The Georgia Public Service Commission is a body that oversees utilities in the state, including electricity, natural gas, and telecommunications infrastructure. Democrats’ victory comes at a time when energy prices around the country have surged. President Donald Trump campaigned on a platform of abundant energy, but almost immediately after taking office, his administration worked to roll back approval for clean energy projects and create new regulatory hurdles for additional ones. While Georgia has become a battleground state in recent years, voting for former President Joe Biden in 2020 before flipping to Trump in 2024, while in multiple elections choosing Democrats for the Senate, Republicans have, for over a decade, held a monopoly on non-federal state-level offices. The Public Service Commission victory precedes a high-profile midterm election year in which Democrats hope to compete for the governor’s mansion and a number of other row offices. In particular, Geoff Duncan, the former Republican lieutenant governor, defected to the Democratic Party after years of opposition to Trump and has launched a gubernatorial campaign.

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Balancer Exploit Drains $100M: What It Means for Ethereum Price

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The post Balancer Exploit Drains $100M: What It Means for Ethereum Price appeared com. Key Insights: Ethereum price came under pressure after attackers drained over $100 million in ETH-linked assets in the Balancer hack. BNB Chain said its projects were unaffected and urged forks to check exposure. On-chain trackers recorded large WETH, osETH, and wstETH transfers to new wallets. On November 3, 2025, the Balancer hack made headlines. The DeFi protocol suffered a coordinated exploit that drained more than $100 million in digital assets from its vaults. The event immediately put Ethereum price and DeFi security back in the spotlight as on-chain analysts traced ETH-linked flows across multiple wallets. Ethereum Price in Focus Amid $100M Balancer Hack Ethereum price comes into focus as Balancer’s frontend and vaults were compromised in a targeted exploit that redirected users to a malicious interface. The attack resulted in significant outflows of WETH, osETH, and wstETH, all tied to Ethereum staking and liquidity network. The breach affected multiple vaults, and early data suggested nine-figure losses. Attackers automated withdrawals from Balancer’s V2 pools, which limited the team’s ability to intervene in real time. Community alerts circulated within minutes, warning users not to interact with Balancer until the platform confirmed containment. Screenshots shared across X showed wallets receiving thousands of ETH-denominated tokens within rapid block intervals. The scale of the exploit made it one of 2025’s largest DeFi incidents. Analysts said the event highlighted the ongoing risk of front-end vulnerabilities that expose users even when smart contracts remain secure. Ethereum price drew market focus because most of the stolen assets were ETH derivatives, linking the hack directly to Ethereum’s liquidity ecosystem. Analysts said the exploit might influence short-term sentiment around the Ethereum price as traders tracked outflows. As of press time, ETH price traded near $3700, down 4. 2% over the past 24 hours.

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Indonesia Plans Phased Launch of Digital Rupiah by 2030

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The post Indonesia Plans Phased Launch of Digital Rupiah by 2030 appeared com. Key Points: Bank Indonesia to implement digital Rupiah, shaped by blockchain. Project led by Perry Warjiyo with phased rollout by 2030. Digital assets backed by government securities tokenize transactions. The Central Bank of Indonesia plans to launch a digital rupiah by 2030, beginning phased testing in 2025 for digital securities, monetary operations, and advanced cryptocurrency features. This initiative positions Indonesia at the forefront of digital finance innovation, potentially reshaping the country’s financial infrastructure through distributed ledger technology and tokenized government bonds. Bank Indonesia Targets 2030 for Digital Rupiah Completion Bank Indonesia revealed its plan to launch a digital version of the Rupiah under a phased roadmap. The project involves extensive testing between 2025 and 2028, focusing on digital securities issuance and advanced features by 2030, utilizing distributed ledger technology. This initiative is led by Governor Perry Warjiyo. The phased rollout starts with digital securities and will expand to broader financial transactions. The initiative aims to integrate programmability and tokenization into the monetary framework, potentially influencing the financial market’s operation and efficiency. “We will issue Bank Indonesia securities in digital form the digital rupiah with underlying SBN, Indonesia’s national version of a stablecoin.” Perry Warjiyo, Governor, Bank Indonesia Indonesia Joins Asian CBDC Movement, Spurring Blockchain Utilization Did you know? Indonesia’s decision mirrors other Asian nations like China and Hong Kong, which have also developed CBDC trials to strengthen local currency infrastructure while reducing reliance on USD-pegged assets. Ethereum (ETH) trades at $3,879. 52 with a market cap of $468. 25 billion as of November 2, 2025. Recent activity shows a 0. 74% 24-hour increase, amidst a 60-day downtrend of 10. 54%, per CoinMarketCap. Ethereum(ETH), daily chart, screenshot on CoinMarketCap at 03: 01 UTC on November 2, 2025.
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