Coinbase launched XSGD, a Singapore dollar-backed stablecoin approved by MAS, for global trading and payments. It is fully backed by reserves and available on Coinbase and Base for local and cross-border use.
WeatherlySam Bankman-Fried’s X account posted a simple “gm,” sparking a sudden 30% surge in FTX’s FTT token despite him being in prison. The rally was driven by speculation and social media attention, while FTX creditors continue receiving billions in repayments.
WeatherlyMrBeast has offered a $100,000 reward to help catch scammers who tricked Erik Bergman out of $1.25 million. The fraud used fake messages and high-profile names to make Bergman transfer money to bogus crypto wallets.
AnaisAuthorities across Europe have shut down a €100 million crypto scam, arresting five people in multiple countries. The fraud tricked investors through fake crypto platforms, taking their money and disappearing with it.
WeatherlySouth Korea’s ruling party has set up a task force to create new crypto laws and aims to pass key rules by the end of 2025. The group will focus first on stablecoin regulation and plans to involve government agencies, the central bank, and private firms.
AnaisNaver will take full control of Upbit by exchanging shares with Dunamu, making it a wholly owned subsidiary. Major Dunamu shareholders will swap their stakes for Naver Financial shares, finalising the acquisition once approvals are completed.
WeatherlyCircle is exploring ways to make USDC transactions reversible in cases of fraud or hacks while keeping settlements mostly final. The plan involves its new Arc blockchain, aimed at institutions, to add fraud protection without fully breaking blockchain rules.
AnaisChina opened a digital yuan operations hub in Shanghai to oversee cross-border payments and blockchain platforms. The centre launched new systems for cross-border transactions, blockchain services, and digital assets.
WeatherlyHwang Jung-eum was given a suspended two-year prison sentence after embezzling 4.34 billion won from her own company to invest in cryptocurrency. She has fully repaid the money, and the court considered her a first-time offender when handing down the sentence.
AnaisCloudflare announced a US dollar-backed stablecoin called NET Dollar to enable instant payments for AI-driven services and global online transactions. The company plans to use it for automated micro-payments and cross-border settlements, but has not given a launch date.
Anais