Morning News Update #Web3 🌅

💵 LayerZero Foundation proposes a $110M acquisition of @StargateFinance cross-chain bridge & $STG token, aiming to consolidate interoperability infra.

🏛️ Fed Governor Michelle Bowman backs rate cuts starting in September—expects three cuts this year.

🕵️ @trmlabs reports ransomware group Embargo moved over $34M in crypto since April.

⚠️ Crypto execs warn: at least one BTC user is kidnapped every week, with incidents spiking during bull markets.

🛑 Russian hacker group GreedyBear stole $1M+ in crypto via fake wallet extensions.

#CryptoNews #LayerZero #DeFi #Bitcoin #CyberSecurity #Ransomware #Web3Update