Crypto Lender Abra Secretly Pauses Withdrawals, Customers Fear $700M Platform Collapse

Crypto lender Abra has quietly paused withdrawals for international customers without public announcement, sparking fears of another major platform collapse similar to Celsius and BlockFi as desperate users flood social media demanding access to their frozen funds.
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Hong Kong Monetary Authority Releases Stablecoin Licensing Framework – CBDCs Coming Soon?

Hong Kong has formalized oversight of stablecoins, issuing licensing and AML guidelines effective Aug 1. Issuers must seek HKMA feedback by Aug 31 and file full applications by Sept 30, while existing operators have a transition period to meet new governance standards.
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