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US Senate Targets Stablecoins in Gulf: Compliance Risks Rise
U.S. Senate findings linking stablecoins like USDT to Iran’s shadow banking are raising sanctions compliance risks for crypto businesses across the Gulf. Merchants and VASPs are warned that liability can arise at multiple transaction points, even when receiving local fiat currency.
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Quantum Threat to Crypto: Europol Sounds the Alarm
Europol has issued a stark warning: while blockchains may hold strong, crypto wallets are vulnerable to future quantum attacks. The agency urges Europe to prepare for the ‘harvest now, decrypt later’ threat and transition to post-quantum cryptography before it’s too late.
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Vitalik Buterin: AI Will Become Ethereum’s New Interface
At the OKX NOW event in Singapore, Vitalik Buterin predicted that AI will become the primary interface for Ethereum applications within two years. Combined with falling transaction fees, this shift could finally bring blockchain technology to mainstream users.
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Hyperliquid Singapore: 3 Months After MAS Warning, Still No Regulator in Charge
Three months after Singapore’s MAS warned the public about Hyperliquid, the decentralized exchange has confirmed its Singapore headquarters to the Financial Times, yet no regulator has stepped in to oversee it. This case highlights the ongoing gap between DeFi innovation and traditional financial regulation.
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Sberbank Approved as Crypto Custodian in Russia: What It Means
Russia’s largest bank, Sberbank, has been approved as a crypto custodian for Bitcoin, Ethereum, and USDT. This landmark decision signals growing institutional adoption and could reshape the global crypto landscape.
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Stripe Expands Crypto Cards to 100+ Countries by December
Stripe is set to bring stablecoin-powered bank cards to over 100 countries by December 2025, up from 30 in April. The stablecoin card market has tripled in a year, signaling a major shift in how people spend crypto worldwide.
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Spark Savings USDT Vault Surges to $600M in Two Weeks
The Spark Savings USDT vault has nearly doubled its deposits in just two weeks, surpassing $600 million. The growth signals strong demand for stablecoin yield products in DeFi, though yield compression may soon slow new inflows.
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Why Is the Crypto Market Going Down Today? Key Reasons
The crypto market dropped 3% to $2.85 trillion as Bitcoin slid toward $83,716, driven by rising oil prices, climbing Treasury yields, a stronger dollar, and forced liquidations of leveraged positions.