China 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.
WeatherlyHong Kong has set up a new task force to tackle the rise in crypto and virtual asset scams. Authorities have already made over 70 arrests and are pushing for stronger rules to help platforms stop suspicious transactions quickly.
WeatherlyBolivians are increasingly using Tether (USDT) for purchases, with a recent Toyota sale completed entirely in cryptocurrency. Stablecoins are gaining ground as a practical alternative to scarce US dollars amid rising inflation and limited cash access.
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