Category: decrypt.co

Shenzhen Warns of Stablecoin Scams as Neighboring Hong Kong Pushes Ahead Mainland officials have urged public caution amid a rise in crypto fraud as Hong Kong prepares to roll out rules for stablecoin issuers. Callan Quinn Go to decrypt.co

Sweden Orders Police to Increase Seizures of Criminal Crypto Profits Sweden’s Minister of Justice has called on the authorities to make greater use of forfeiture legislation to seize cryptocurrency. Simon Chandler Go to decrypt.co

UK and Singapore Forge New AI and Tokenization Pact in London Talks Officials are exploring cooperation in digital finance, ranging from asset tokenization to artificial intelligence. Callan Quinn Go to decrypt.co

Detroit Sues Crypto Real Estate Platform Over Safety, Health Violations The city alleges the asset tokenization platform left hundreds of properties in disrepair, even as it promised significant returns. Vince Dioquino Go to decrypt.co

House GOP Declares ‘Crypto Week’ to Advance Landmark Digital Asset Bills House Republicans are coordinating a legislative blitz to reshape U.S. crypto regulation and block future state-issued digital currencies. Jason Nelson Go to decrypt.co

Scammer Posed as Trump-Vance Official to Steal $250K in Crypto, DOJ Says The FBI has traced some of the stolen crypto through blockchain analytics and recovered over $40,000 with help from Tether. Vismaya V Go to decrypt.co

Arizona Governor Yet Again Rejects Bitcoin Reserve Using Seized Crypto Mounting crypto-related vetoes point to the state’s cautious approach, but a future governor could hold an opposing view, Decrypt was told. Vismaya V Go to decrypt.co

OFAC Sanctions Russian Hosting Provider for Enabling Crypto Theft The U.S. Treasury has targeted a Russian firm linked to ransomware, infostealers, and darknet drug markets involving crypto. Callan Quinn Go to decrypt.co

Rex-Osprey Solana ETF to Debut ‘First-Ever’ US Crypto Fund With Staking Rex Shares and Osprey Funds is set to launch the first U.S. ETF offering direct Solana exposure with staking rewards. James Rubin Go to decrypt.co

DOJ Charge Fake North Korean Devs ‘Embedding’ In Crypto Startups Federal prosecutors claim DPRK agents infiltrated a blockchain startup under false identities, pushing code to drain funds. Vince Dioquino Go to decrypt.co

Hong Kong’s Upcoming Stablecoin Rules to Shake Up US Dollar Dominance, Deter Bigger Players The city has aligned its fintech push with China’s de-dollarization efforts as new stablecoin laws take effect in August. Callan Quinn Go to decrypt.co

Bybit Ethereum Heist Propels Record $2.1 Billion in Crypto Stolen by Hackers So Far in 2025 Around 70% of the $2.1 billion in crypto stolen by hackers in the first six months of 2025 was traced back to North Korea, a new report says. Mathew Di Salvo Go to decrypt.co

Ripple to Drop Appeal in SEC Case Over XRP Sales, Ending Case ‘Once and for All’ Ripple says it’ll drop its appeal in the long-running SEC case over XRP sales, finally putting the legal battle to bed. Mathew Di Salvo,James Rubin Go to decrypt.co

Trump Blames Biden for Banks Blocking Crypto: ‘There Is a Lot of Debanking’ President Trump unloaded on the issue of crypto debanking Friday, but stopped short of committing to issuing an executive order on the subject. Sander Lutz Go to decrypt.co

Bitwise Dogecoin, Aptos ETF Filing Updates Suggest Path to Approvals: Analyst Amended Bitwise prospectuses for Dogecoin and Aptos ETFs are a good sign for their eventual approvals, a Bloomberg analyst told Decrypt. James Rubin Go to decrypt.co

ASIC Appoints Panel to Probe ASX Following Failed Blockchain Project The inquiry will assess the ASX’s governance, capability, and risk management frameworks across its group operations. Sebastian Sinclair Go to decrypt.co

Kraken Becomes Latest to Win a License Under Europe’s New Rules Approval from Ireland’s central bank gives Kraken the ability to operate across 27 EU states as it races to catch up to rival Coinbase. Callan Quinn Go to decrypt.co

Solana, Pudgy Penguins ETF Filings Added to SEC’s Crypto To-Do List A proposal for a Solana ETF and a new fund tied to Pudgy Penguins tokens have joined a growing list of products offering crypto exposure. James Rubin Go to decrypt.co

US Housing Chief Orders Fannie Mae, Freddie Mac to Prepare for Crypto Assessment in Mortgages Under a directive from the FHFA, Fannie Mae and Freddie Mac were ordered to prepare for crypto mortgage payments. Jason Nelson Go to decrypt.co

Stablecoin Issuance Should Begin With Banks, Says BOK Official The Bank of Korea deputy governor said the move would create a “safety net” and reduce risks as the nation advances its crypto policies. Vismaya V Go to decrypt.co

Arizona House Clears Bitcoin Reserve Bill Funded by Seized Crypto The bill directs the first $300,000 from seized crypto to the Attorney General, with the remaining funds split between the state and reserve. Vismaya V Go to decrypt.co

US Housing Regulator to Study Crypto Holdings in Mortgage Qualification Process FHFA Director Bill Pulte, a longtime crypto supporter, said the agency will examine how digital assets factor into home loan qualification. Callan Quinn Go to decrypt.co

Israeli Man Accused of Spying for Iran in Exchange for Crypto A Tel Aviv resident allegedly photographed sensitive sites and received thousands in crypto, authorities say. Vince Dioquino Go to decrypt.co

Coinbase Secures MiCA License, Expanding Crypto Services Across EU Approval from Luxembourg grants Coinbase access to 27 EU countries, raising questions about regulation shopping in smaller member states. Callan Quinn Go to decrypt.co

‘Public Good’: Wyoming Plots August Debut for WYST Stablecoin The Wyoming Stable Token Commission is targeting an August launch for its state stablecoin following years of preparation. Mathew Di Salvo Go to decrypt.co

Bitcoin, Dogecoin Targeted as Norway Eyes Ban on New Crypto Mining Operations The government said it will “explore the possibility of temporarily prohibiting the establishment of new data centers in Norway that extract cryptocurrency.” Mathew Di Salvo Go to decrypt.co

South Korean Regulators Prepare for Spot Crypto ETFs This Year The country’s financial regulator has submitted plans to launch crypto ETFs and won-based stablecoins by the second half of this year. Vince Dioquino Go to decrypt.co

SEC Thailand Opens Public Consultation on Crypto Listing Criteria Thailand’s SEC has opened public feedback on new rules letting exchanges list self-issued tokens, with stronger disclosure requirements. Vismaya V Go to decrypt.co

Arizona Senate Passes Bitcoin Reserve Bill for Seized Crypto, Heads to House For Debate The bill seeks to establish a state-managed digital asset fund using crypto seized through criminal forfeiture. Callan Quinn Go to decrypt.co

Civil Rights Group Gives Elon Musk’s xAI 60 Days to Fix Alleged Clean Air Act Violations The NAACP has threatened xAI with a lawsuit over unpermitted gas turbines at Memphis AI data center, citing pollution concerns. Vince Dioquino Go to decrypt.co

Bitcoin Scandal Fails to Topple Czech Government in No-Confidence Vote A $45 million Bitcoin donation from a convicted darknet operator set off a political crisis and brought the Czech government to its knees. Vince Dioquino Go to decrypt.co

Treasury Secretary Bessent Says Stablecoins Can Bolster US Dollar ‘Supremacy’ Bessent framed stablecoins as a strategic asset for U.S. influence, as lawmakers weigh whether politics will stall key legislation again. Vismaya V Go to decrypt.co

Trump Pushes House to Pass GENIUS Act as Lawmakers Debate Crypto Oversight The President has called on the House to approve the stablecoin bill, despite concerns over conflicts of interest and tech sector influence. Callan Quinn Go to decrypt.co

Gemini Files Complaint Against CFTC, Alleges 7-Year ‘Lawfare’ Campaign Gemini flagged a whistleblower tied to fraud who may still receive a $1.5 million award, despite an arbitrator ruling he lied to regulators. Vismaya V Go to decrypt.co

Thailand Exempts Crypto Capital Gains to Boost Global Hub Ambitions Deputy Finance Minister Julapun Amornvivat said Thailand aims to become “one of the world’s financial hubs” with its crypto tax exemption. Vismaya V Go to decrypt.co