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The Federal Reserve has put forward proposed rules for stablecoins under the GENIUS Act, the US legislation establishing a federal framework for dollar-pegged digital tokens. The proposal would set requirements for issuers operating under US oversight. The move marks a key step in implementing the new stablecoin law and is being closely watched by banks, crypto firms, and regulators assessing how the market will be supervised.

The open-source Shotcut video editor has released version 26.9, bringing improvements to the VA-API HEVC hardware encoder on Linux and adding support for FFmpeg 9. Linux and open-source communities are sharing the update, which should appeal to users doing hardware-accelerated video encoding on free software platforms.

Verona has launched verUSD, described as the first stablecoin designed specifically for AI agents, enabling automated systems to hold and transact in a dollar-pegged digital currency. The announcement is drawing attention from crypto and AI communities, who see it as a step toward machine-to-machine payments and autonomous commerce infrastructure.

Swedish singer and TV personality Peg Parnevik has spoken out after rumours that she could take part in Idol. Speaking to Swedish celebrity outlet Hänt, she dismissed the speculation, saying the rumours only make her angry. Her reaction is drawing attention among Swedish entertainment fans following the recent reports.

Winnipeg police have seized 26.5 kilograms of cocaine along with cash in a major drug bust, the Winnipeg Sun reports. Separately, CTV News Winnipeg reports that two people are in hospital and two others arrested following an alleged assault, according to city police. The seizures and assault case are keeping Winnipeg police activity in the news in Manitoba's capital.

The Winnipeg Jets have picked up a new goaltender through waivers ahead of their final pre-season roster cuts. With decisions looming on the team's roster, adding another netminder changes the competition in goal and could influence who stays with the club heading into the NHL season.

Turkish low-cost carrier Pegasus has bought an airline company, according to a report circulating on financial news sites. The claim is that this is the company's second airline acquisition, though details about the target, price and timing have not been confirmed in the available reporting.

Egyptian President Abdel Fattah Al Sisi met General Abdel Fattah Al Burhan, leader of Sudan's armed forces, as Cairo says it is working for a political solution to Sudan's crisis. The talks underline Egypt's role as mediator in the conflict that has devastated Sudan since fighting broke out between the army and the Rapid Support Forces.

Formula 1 is in Singapore for the next round of the championship, run on the demanding Marina Bay street circuit. Ferrari team principal Frederic Vasseur called free practice sessions fundamental and predicted a challenging weekend ahead. Attention is on how teams set up their cars for the tight, bumpy streets in typically hot and humid conditions.

Red5 published a blog post arguing that the MPEG-2 Transport Stream, a decades-old broadcasting format, remains relevant in modern streaming, including in emerging Media Over QUIC (MOQ) architectures. The piece contends that MPEG-TS's mature multiplexing and delivery capabilities continue to serve live streaming workloads alongside newer protocols. Engineers are weighing how legacy formats fit into next-generation media transport discussions.

TwelveLabs has released Pegasus 1.6, a video understanding model aimed at physical AI applications such as robotics. The company says the model can analyze video input to help machines and robots interpret real-world visual environments, extending multimodal AI beyond screen-based tasks into embodied systems operating in physical spaces.

Pegasus 1.6, a video-understanding AI model, is being highlighted as a tool for transforming raw video footage into actionable insights. Coverage across financial outlets focuses on its potential in the growing market for video analysis, which intersects with demand for specialized AI chips and infrastructure. The attention reflects investor and industry interest in AI models that analyze multimedia data at scale.

The chair of the House committee on China is calling on the Federal Reserve to review Hong Kong's access to the dollar, a lifeline underpinning the city's currency peg and its role as a global financial centre. The appeal raises questions about how US-China tensions could extend into monetary and banking arrangements between the two economies.

A city staffer at the center of Richmond's solar panel controversy has spoken publicly for the first time, saying he is being used as a scapegoat. The comments shed little new light on how the disputed panel installation was approved, but they put a personal face on a story that has been building locally and raise questions about who in city government is actually responsible.

France is highlighting its Pégase 26 military deployment and growing defense ties with Indonesia, with the armed forces ministry pointing to shared capabilities, aerospace partnership and wider cooperation in the Indo-Pacific. The mission underscores France's effort to strengthen military links with Indonesia through joint exercises and industrial cooperation.

Magic Internet Money (MIM), a crypto asset pegged to the US dollar, is seeing renewed tracking of its interactive price chart on financial data platforms. The token, originally issued by the Abramac-based lending protocol Abracadabra.Money, is designed to maintain a one-to-one value with the dollar. Traders are watching its price movements for signs of stability or depegging as interest in stablecoin health continues across global markets.

The head of Dunamu, the operator of South Korea's largest cryptocurrency exchange Upbit, is calling on the government to move quickly in issuing a won-backed stablecoin. He argues the country should act before falling behind rivals in digital currency innovation. The push comes as Korean policymakers weigh legislation for won-pegged tokens, and it fuels debate over how fast Seoul should regulate stablecoins.

A new Dev News Digest for 7 October 2026 offers a quick roundup of developer news since the previous edition, covering software releases and platform updates across web development and AI. It is tagged for news, programming, webdev, AI, software, coding, development and engineering, and is aimed at the broader inclusive developer community.

American tennis star Jessica Pegula says she could one day help her family run the Buffalo Bills, the NFL franchise owned by her parents, Terry and Kim Pegula. Her comments spotlight the growing overlap between athletes and sports ownership, and follow her mother's health struggles in recent years.

El Salvador is reportedly moving toward stablecoins for everyday payments as actual bitcoin use among consumers and merchants declines. The country, which made bitcoin legal tender in 2021, is seeing lower-than-hoped transaction volumes in bitcoin, and dollar-pegged stablecoins are emerging as the more practical digital payment option, prompting fresh debate about the future of the country's crypto policy.