Hong 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.
AnaisA US court has rejected Justin Sun’s attempt to stop Bloomberg from reporting his crypto holdings worth over $3 billion. The judge ruled there was no confidentiality agreement and dismissed his security concerns, allowing the details to be published.
AnaisThe Trump brothers spoke at Korea Blockchain Week 2025, highlighting opportunities in Korea’s crypto market. Executives explored partnerships with local stablecoin projects, showing rising international interest in Korean digital assets.
WeatherlyMeta added an AI assistant to Facebook Dating to help users find matches and suggest profile ideas. It is also testing a weekly surprise match feature called Meet Cute to cut down on endless swiping.
AnaisCoinbase 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.
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