South Korea has launched its first won-backed stablecoin, KRW1, on the Avalanche blockchain, fully backed by Woori Bank with real-time reserve verification. The coin is aimed at payments, remittances, and public programs, as regulators prepare rules to safely govern stablecoins in the country.
AnaisAustralia’s ASIC has exempted intermediaries from needing extra licences to distribute stablecoins from licensed issuers until June 2028. Catena Digital’s AUDM stablecoin is the first to benefit, allowing easier trading, advice, and custodial services.
WeatherlyChina has launched AxCNH, the first offshore yuan stablecoin, to simplify cross-border payments along the Belt and Road Initiative. South Korea followed with KRW1, a won-backed stablecoin, aiming to digitise its currency and improve international trade settlements.
WeatherlyLondon has seen a rise in street-level crypto thefts, with criminals targeting mobile phones to steal tens of thousands of pounds from wallets. Some victims have been refunded by exchanges like Coinbase, but many losses remain unrecovered as police investigations struggle to keep up.
AnaisArthur Hayes sold all his HYPE tokens, making about $823,000 profit and saying the money will help buy a Ferrari. He had recently predicted big gains for HYPE but warned that a large token release soon could push prices down.
WeatherlyEU finance ministers agreed on a framework giving them more control over the proposed digital euro, including limits on individual holdings. The project still needs European Parliament approval, with full issuance unlikely before 2028 amid concerns over privacy, stability, and regulatory burdens.
WeatherlyA teenage hacker and an accomplice accessed a Crypto.com employee account, exposing personal information of a small number of users. No customer funds were stolen, but the breach has raised questions about the exchange’s security and transparency.
AnaisFutu Securities and Tiger Brokers have tightened rules, now only allowing mainland Chinese residents with permanent overseas residency to open new accounts. This change limits access to offshore trading after regulators cracked down on cross-border brokerage activity.
AnaisA game on Steam called Block Blasters secretly contained malware that stole over \$150,000 in cryptocurrency from players. The attack hit hundreds of users, including a streamer raising funds for cancer treatment, and raised concerns about Steam’s platform security.
WeatherlySouth Korean police broke up a fraud ring in Pattaya, Thailand, accused of stealing about $15 million from nearly 900 victims. Twenty-five suspects were arrested, while the alleged ringleader and others remain in Thai custody as extradition continues.
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