-
South Korea Stablecoin Law Takes Shape as Crypto Rules Duel
South Korea’s central bank plans to regulate stablecoins through amendments to foreign exchange law, focusing on payment use and cross-border controls rather than legal-tender status. The proposal arrives as crypto licensing and tax debates intensify.
-
Ethereum Delays Glamsterdam Test Over Contract Risks
Ethereum has delayed its planned Glamsterdam test after security developers identified potential risks to existing smart contracts. The postponement gives teams more time to investigate compatibility issues before a network upgrade.
-
JPMorgan Tokenizes Money Funds on Solana for US Investors
J.P. Morgan Asset Management has made MONY and JLTXX available on Solana for qualified U.S. investors through Morgan Money. The move marks a significant step in bringing tokenized traditional investment products to a public blockchain.
-
FINMA Approves First Swiss Spot Bitcoin ETF Fund
FINMA has approved Switzerland’s first spot Bitcoin ETF, structured as a public investment fund under Swiss law. The decision creates a new regulated route for investors seeking direct Bitcoin exposure through traditional fund structures.
-
Initia Halts Blockchain After $2.6M Token Exploit
Initia suspended its layer-1 network and rollups after researchers reported unauthorized token minting and more than $2.6 million transferred to Ethereum. The pause is intended to contain the exploit while investigators assess the vulnerability and trace the stolen assets.
-
BLOOM: Singapore, Malaysia, Thailand Unite on Digital Currencies
Singapore, Malaysia, and Thailand have joined BLOOM, an initiative exploring cross-border payments with stablecoins and tokenized deposits. The partnership could reduce transfer costs and settlement times across Southeast Asia.
-
HSBC Launches Hong Kong Dollar Stablecoin for Payments
HSBC has launched RedCoin, a Hong Kong dollar-backed stablecoin available through its PayMe wallet. The product brings blockchain payments to more than 3.3 million users and highlights Hong Kong’s push to become a digital-asset hub.
-
Wells Fargo, Intuit Join Corporate Revolt Against Tokenized Stocks
Wells Fargo, Intuit, and Arm Holdings have joined the growing list of companies opposing tokenized stock trading, bringing total holdouts to 22. Their concerns highlight the regulatory and operational hurdles facing Wall Street’s blockchain experiment.