South Korea readies stablecoin framework; bill set for October
The FSC will introduce a bill that’s expected to provide guidelines on issuance, collateral management and internal control systems for…
Month: August 2025
South Korea’s Jeju City targets crypto holdings of alleged tax dodgers
The South Korean government passed laws in 2021 allowing regulators to seize crypto from accused tax delinquents. Tax officials in…
Solana hits 100K TPS milestone with stress test transaction spike
Solana briefly achieved over 100,000 transactions per second, and a developer said the blockchain could ‘theoretically’ eventually perform at 80,000…
Thailand to launch crypto payment sandbox for tourists
The Thai government will allow tourists to exchange crypto for Thai baht and make electronic payments through e-money service providers.…
Japan to approve first yen-backed stablecoins this fall
Japan’s FSA is set to approve JPYC as the country’s first yen-pegged stablecoin, a move that could reshape demand for…
Centrifuge tops $1B TVL as institutions drive tokenized RWA boom: CEO
Centrifuge joins BlackRock’s BUIDL and Ondo Finance in the $1 billion RWA club as demand grows for tokenized products. Blockchain…
US Treasury weighs digital ID verification in DeFi to tackle illicit finance
The Treasury is considering embedding digital identity checks into DeFi smart contracts as part of its GENIUS Act consultation on…
Kraken pauses Monero deposits following 51% attack
Withdrawals and trading for Monero (XMR) on the Kraken exchange remain open, and deposits will resume once it is safe,…
Basel Bank capital rules create ‘chokepoint’ for crypto — Investment exec
The current capital reserve requirements and rules make holding cryptocurrencies too costly for banks, limiting the sector’s growth. Capital requirements…
Coinbase seals Deribit acquisition in 5th deal of 2025
The crypto exchange has been steadily acquiring companies to diversify the range of services it offers to clients. Crypto exchange…
Bitcoin drops below $119K after US Treasury secretary rules out new BTC buys
Bitcoin fell below $119,000 on Thursday after US Treasury Secretary Scott Bessent said the government will not make new BTC…
Vietnam police bust billion-dollar crypto Ponzi ring behind Paynet Coin scam: Report
Vietnam’s police said they arrested 20 people in the country’s largest crypto scam, a multibillion-dollar Ponzi scheme built around Paynet…
Spar rolls out nationwide stablecoin and crypto payments in Switzerland
Spar will launch crypto and stablecoin payments across 300 Swiss supermarkets via Binance Pay and DFX.swiss, marking a retail first…
‘Expensive lesson’: Coinbase loses $300K token fees in 0x contract error
Coinbase lost $300,000 in token fees after mistakenly approving assets to a 0x swapper contract, enabling an MEV bot to…
Bitcoin briefly flips Google market cap as investors eye rally above $124K
Bitcoin briefly flipped Google parent Alphabet’s $2.4 trillion market capitalization to become the fifth-largest global asset, driving a wave of…
ARK Invest scoops $172M in Bullish shares as stock soars 84% on debut
Cathie Wood’s ARK Invest scooped $172 million worth of Bullish shares across three ETFs as the crypto exchange surged 83.8%…
Someone counter-hacked a North Korean IT worker: Here’s what they found
A team of North Korean IT operatives behind 31 fake identities has been linked to the $680,000 hack of fan-token…
Ethereum core dev’s crypto wallet drained by malicious AI extension
Ethereum core dev Zak Cole lost funds after a malicious Cursor extension stole his private key, highlighting increasing wallet drainer…
Record $37T US debt and M2 money growth set stage for $132K Bitcoin
The ballooning US deficit may lead to an increase in the money supply through quantitative easing, lining up a $132,000…
Ether climbs toward new highs as Standard Chartered ups target to $7.5K
Standard Chartered now sees ETH hitting $7,500 in 2025, fueled by record ETF and treasury buying, stablecoin growth and Ethereum…