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Israel’s Blockchain Plan for Banking Sanctions Explained
Benjamin Netanyahu has requested a contingency plan that uses blockchain if international banking sanctions restrict Israel’s ability to transfer funds. The proposal could strengthen financial resilience, but compliance, liquidity, and bank cooperation remain major obstacles.
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Bybit Gets Dubai License for Spot Crypto Trading
Bybit has secured Dubai’s first full license for spot cryptocurrency trading services. The VARA approval is a major milestone, though the exchange must complete additional regulatory requirements before launching.
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Phantom Launches Kalshi Prediction Markets in the US
Phantom is bringing Kalshi prediction markets to US users with CASH stablecoin funding, despite legal uncertainty. The rollout includes restrictions in Michigan, Nevada, and Washington.
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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.
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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.
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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.
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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.
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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.