Hackers used Gmail’s dot handling trick and a flaw in Robinhood’s account setup to send fake login alert emails that looked real. The emails came from Robinhood’s own system and tricked some users into clicking phishing links and entering sensitive details on fake websites.

Israeli authorities has approved the launch of its first shekel-pegged stablecoin, issued by virtual exchange Bits of Gold in a move that could reshape how the country’s fiat currency interacts with the global digital asset economy.

KuCoin has launched its KuCard in Australia, letting users spend crypto directly at Mastercard merchants with automatic conversion to fiat at checkout. The service, built with Immersve, supports USDC and 37 trading pairs and works with Apple Pay and Google Pay for everyday payments.

Robinhood has received in-principle approval from Singapore’s MAS to move closer to offering brokerage services, including trading, custody and investment products. It still needs to meet regulatory conditions before it can officially launch in the country.

Russia has passed the first reading of a bill to regulate crypto under strict state control, allowing trading only through licensed platforms and banning everyday use. It sets tight limits for retail investors and approved tokens, with criminal penalties still under review.

Thailand has proposed letting crypto firms offer derivatives like futures under existing licences without creating new companies. The plan also adds stricter rules and is open for feedback until 20 May 2026.

Avenir’s trading team linked to the Huobi founder is being moved into Bitfire, which is acquiring it for US$1.6 million. Bitfire plans to use it to launch a regulated Bitcoin product targeting up to 10,000 BTC from investors in Hong Kong.

Bybit led an $8 million funding round in Malaysia-based Hata, joined by global family offices. The money will support user growth, liquidity, and new crypto products under local licences.

Grinex halted trading after hackers stole around $13–15 million from its wallets in a coordinated attack involving 54 addresses. The stolen funds were quickly moved across multiple blockchains and converted into other assets to make them harder to trace.

Kraken has confirmed it filed confidentially for a US IPO, even as its valuation fell to about $13.3 billion after a new investment from Deutsche Börse Group. The listing plans were previously delayed by weak market conditions, but the company appears to be keeping the IPO option open while markets recover.