News and developments from the cryptocurrency industry.
South Korea has included token securities infrastructure in a wider capital market reform plan. The country is preparing rules and systems for blockchain-based securities, with the framework expected to take effect in February 2027. The move could bring tokenized securities closer to mainstream financial market infrastructure in South Korea.
Ripple has received preliminary approval for a crypto asset service provider license in Luxembourg ahead of the European Union’s July 1 MiCA deadline. Once finalized, the license will allow Ripple to offer regulated crypto and stablecoin payment services across the European Economic Area, strengthening its position in Europe’s digital asset market.
Jaredfromsubway.eth, one of Ethereum’s most active sandwich attack bots, was drained for more than $7.5 million.
IOTrader is gaining attention in the Web3 sector as investors increasingly focus on AI-powered decentralized trading and prediction markets. Backers including Animoca Brands and ViaBTC reflect growing confidence in the future of on-chain financial infrastructure.
A New York judge has delayed a decision on Aave’s request to unfreeze $71 million in ETH linked to the Kelp DAO exploit. The court wants more legal clarification before moving forward with the case. Meanwhile, recovery efforts for affected rsETH users continue across the DeFi ecosystem.
Iggy Azalea is facing a class-action lawsuit over claims that her MOTHER memecoin failed to deliver promised utility and business integrations. Investors allege they were misled by marketing tied to the token’s ecosystem and partnerships. The lawsuit comes after MOTHER’s market value fell sharply from its 2024 peak.
Bitcoin could fall to around $57,000 by October based on historical market cycle trends. Analysts say current macro conditions and weak market sentiment may limit upside in the near term. Key resistance and technical indicators suggest further downside risk before the next major rally.
Researchers found that some AI routers can secretly inject malicious code and steal crypto-related credentials. These intermediaries can access sensitive data in plaintext, creating serious risks for developers. The study highlights the need for stronger security practices as AI tools become more widely used in crypto applications.
Bitcoin fell below $71,000 after the US announced a blockade of the Strait of Hormuz, triggering a sharp rise in oil prices. The move reflects growing geopolitical tensions between the US and Iran. Despite the dip, Bitcoin remains up overall since the conflict began and continues to show resilience compared to traditional markets.
Big Tech firms are backing the x402 Foundation to create open standards for AI-powered payments across crypto and traditional systems. The initiative aims to enable AI agents to transact autonomously online. While early activity on the protocol surged, usage has recently slowed as adoption continues to develop.
Stablecoin transaction speed has doubled, allowing more activity without increasing supply. Standard Chartered says this could limit future demand for new tokens despite rising usage. Still, the market is expected to grow significantly, with projections reaching $2 trillion by 2028.
CoinDCX is investing $11 million to combat crypto fraud after its founders were cleared in an impersonation-related case. The exchange plans to address phishing and fake websites through a new Digital Suraksha Network. The move highlights rising concerns around user safety as India’s crypto market continues to grow.
BitGo has expanded its Canton Coin services to include trading and onchain settlement alongside custody. The move reflects growing institutional demand for complete infrastructure as tokenized assets gain traction in the financial sector.
Midas has raised $50 million to build a liquidity layer for tokenized assets, focusing on faster and more reliable redemptions. The move highlights growing investor interest in solving liquidity challenges within the expanding real-world asset sector.
NizaLabs has partnered with IO Trader and backed its seed round, signaling growing interest in Web3 prediction markets. The move aims to support the development of decentralized trading tools that combine price predictions, on-chain futures, and user-friendly interfaces for broader adoption.
ICE has invested $600 million more into Polymarket, moving forward its $2 billion plan and signaling strong institutional interest in prediction markets. The move comes as regulators increase scrutiny on the sector across multiple US states.
An ECB paper found that governance in major DeFi protocols is highly concentrated, with a small number of holders controlling most decision-making power. This raises questions about whether DeFi platforms qualify as truly decentralized under MiCA rules.
A Texas court dismissed a crypto developer’s case seeking protection from money transmitter laws, citing no immediate risk of prosecution. The ruling leaves uncertainty for developers, with industry leaders calling for clearer regulations through new legislation.