Category: crypto

Tether has launched its gold-backed token XAU₮ on BNB Chain and Binance, expanding its reach to over 12 blockchains through the USDt0 network. XAU₮ represents one fine troy ounce of physical gold held in Swiss vaults. The stablecoin market grew to over $4 billion in 2025, with XAU₮ holding 60% market share.

An attacker spent $1,800 on MFAM tokens to push a malicious governance proposal on Moonwell’s Moonriver deployment, putting $1.08 million in user funds at risk. Moonwell has an emergency veto mechanism and most subsequent votes oppose the proposal. This incident highlights vulnerabilities in decentralized finance governance.

The UK has sanctioned Xinbi and Cambodia’s #8 Park scam compound over a $19.9 billion fraud and trafficking network, freezing London assets before June’s Illicit Finance Summit. This action is part of a broader crackdown on crypto-enabled trafficking and aims to sever Xinbi from the legitimate crypto ecosystem to combat global fraud.

Bitwise CIO Matt Hougan believes that the recent selloff of Circle’s stock is unjustified, projecting a valuation of $75 billion by 2030. He argues that the stablecoin market is expected to reach $1.9 trillion by 2030, emphasizing USDC’s utility in B2B payments and dismissing concerns about regulatory uncertainty.

The CFTC issued its first no-action letter for a self-custodial wallet provider, granting regulatory relief to Phantom Technologies. XRP was classified as a digital commodity by the SEC and CFTC, boosting its market value. This move opens a clearer path for non-custodial XRP infrastructure into regulated derivatives markets.

Google has set a target of 2029 to implement post-quantum cryptography in its products due to advancements in quantum computing hardware. The company emphasized the need for industry-wide action as quantum computers pose a threat to current encryption standards. Ethereum and Solana are also working on quantum-resistant solutions, while Bitcoin developers are divided on the…

A Texas federal court dismissed a lawsuit filed by crypto developer Michael Lewellen seeking protection from US money-transmission laws for his software. The court referenced a DOJ memo stating developers are not targeted for user actions. Coin Center urges Congress to pass a bill clarifying exemptions for non-custodial developers.

The UK government is implementing a temporary ban on political donations made through cryptocurrencies due to concerns about foreign interference in British politics. The ban will remain until stronger safeguards are approved by Parliament and the Electoral Commission. The move follows a review of foreign financial interference and aims to protect the political system.

Former MoneyGram CEO Alex Holmes has been named the new CEO of Bitcoin Depot as the crypto ATM operator faces regulatory pressure in the US. The company’s previous CEO, Scott Buchanan, stepped down after less than three months. Bitcoin Depot is under scrutiny in multiple states for alleged excessive fees and weak compliance controls. Holmes…

The Reserve Bank of Australia is considering real-world asset tokenization as part of its market strategy, estimating potential annual gains of $24 billion for the financial system. Project Acacia aims to improve market efficiency and infrastructure. RBA plans to test tokenized assets and CBDC integration in a sandbox environment.