Category: crypto

The U.S. initiated a naval blockade of Iranian ports to prevent extortion of the global community. President Trump warned of destroying Iranian vessels attempting to breach the blockade. Commercial ships can still transit the Strait of Hormuz. The blockade resulted from failed nuclear negotiations and has led to increased oil prices.

The American Bankers Association has warned that allowing stablecoins to offer interest could lead to a significant exodus of deposits from traditional banks, potentially shifting funds from smaller banks to larger institutions. Industry discussions are ongoing regarding a Senate bill on crypto oversight, with stablecoin yield restrictions being a key point of debate.

A federal compensation program funded by seized assets is now open for victims of the OneCoin fraud, allowing them to apply for reimbursement. The Justice Department has set aside $40 million to compensate investors who lost money in the Ponzi scheme, which defrauded millions of people of billions of dollars.

The Digital Asset Market Clarity Act is making progress in the U.S. Senate with bipartisan support for stablecoin regulations. Negotiators are close to finalizing provisions on illicit finance rules for decentralized finance and ethics restrictions for senior government officials, with hopes for a durable compromise on stablecoin yield.

Former CFTC Chairman Chris Giancarlo is retiring from his legal practice to focus on advising fintech and cryptocurrency startups. Known as “Crypto Dad,” Giancarlo played a key role in launching the first Bitcoin futures markets. He plans to provide guidance on navigating the digital economy while advocating for regulatory modernization.

Senator Thom Tillis is set to release a draft agreement this week to settle the dispute between banks and digital asset firms over stablecoin interest payments. The proposed Clarity Act aims to regulate the crypto sector and address concerns about deposit drains. The bill faces challenges in the Senate committees before a final vote.

Nigel Farage is being investigated by the Financial Conduct Authority for his involvement with cryptocurrency firm Stack BTC. Concerns have been raised about potential market abuse and conflict of interest as Farage has a stake in the company. This comes as the UK government tightens rules on cryptocurrency donations to political parties.

Senhwa Biosciences has partnered with a global investment group to accelerate its AI-related drug development. The company received $16 million from GEM to advance its clinical pipeline and AI-driven drug discovery platform. Senhwa is focusing on oncology programs and using AI technology to identify combination cancer therapies quickly, positioning itself as a leader in the…

An exploit on the Polkadot-Ethereum Hyperbridge allowed an attacker to mint 1 billion fake DOT-equivalent tokens, resulting in a $237,000 profit. The incident exposed flaws in cross-chain verification processes, highlighting the vulnerability of bridges in multi-chain architecture. This breach is part of a trend of similar attacks in 2026.

Anchorpoint Financial Technology, backed by Standard Chartered Bank, HKT, and Animoca Brands, has obtained a licence to issue a regulated Hong Kong dollar stablecoin called HKDAP. The token will be backed 1:1 by Hong Kong dollar reserves and will be launched in Q2 2026. In Europe, the ECB supports transferring supervision of systemic crypto firms…