Latest news

06:56 Infrastructure

Solana Validators Vote on SGP-0003 Fee Change With Potentially Higher SOL Burns

Solana validators open vote on fee proposal that could sharply raise SOL burns Solana validators have begun voting on SGP-0003, a proposal to replace a flat fee for affected resources with a variable, resource-based transaction fee that would be burned in full. The vote opened on Aug. 23 and runs through Epoch 1023, expected to end on Aug. 27; if approved, projected daily SOL burns would rise from about 650 SOL to 7,500-9,000 SOL. The change is not active yet, and Solana’s supply dynamics have not changed.

06:41 Court

Block Bits Capital Co-Founder Convicted in Federal Crypto Fund Fraud Case

Block Bits Capital co-founder convicted in $1M crypto fund fraud A federal jury convicted Block Bits Capital co-founder Japheth Dillman of wire fraud and conspiracy after prosecutors said he helped defraud more than 20 investors out of nearly $1 million by falsely marketing an “Autotrader” crypto bot as functional. Trial evidence showed the algorithm did not work as represented, while investor money was diverted to personal payments and risky crypto bets; sentencing is set for Dec. 8.

05:41 Mining

Tether Exits $120M Uruguay Bitcoin Mining Project After Power Supply Dispute

Tether drops $120M Uruguay Bitcoin mining project after power dispute Tether abandoned a roughly $120 million Bitcoin mining investment in Uruguay after a dispute with state utility UTE over electricity supply escalated into unpaid bills, a July 25, 2025 power cutoff and layoffs, Reuters reported. The stablecoin issuer had put about $60 million into each of two sites; by November 2025 it told labor authorities it would cease operations, eliminating 30 of 38 local jobs.

04:16 Infrastructure

BNB Smart Chain activates Pasteur hard fork with bridge and validator security changes

BNB Chain activates Pasteur hard fork on BSC BNB Smart Chain has activated the Pasteur hard fork on mainnet, rolling out three BNB Evolution Proposals aimed at fixing bridge verification and validator authorization gaps while raising transaction capacity without changing the 450-millisecond block time. The upgrade blocks duplicate validator counts in bridge approvals, removes authority from old validator keys, restricts certain addresses from voting, and adds a new block-submission route that lifted test throughput by about 88% to 2,324 TPS.

04:15 Security

Cosmos Labs urges Cosmos EVM chains to halt after attacks hit multiple networks

Cosmos Labs urges Cosmos EVM chains to halt after attacks hit MANTRA, TAC and KiiChain Cosmos Labs told affected Cosmos EVM chains on Aug. 25 to coordinate validator halts as it responds to a security incident that has already hit MANTRA, TAC and KiiChain. KiiChain said 148.3 million KII were drained on Aug. 22 before validators stopped the network, while TAC said one account was drained and MANTRA said no user funds were affected. Cosmos Labs has not yet published the root cause or total losses and is preparing a patch and restart guidance.

04:13 Regulation

Philippine Civil Society and Web3 Groups Press House to Advance CADENA Budget Bill

Philippine groups launch push for House to pass CADENA budget bill Civil society and Philippine web3 groups have launched a joint petition urging the House of Representatives to pass the CADENA Act, which would create a tamper-proof digital ledger to track all national budget allocations, procurements and disbursements. The bill has cleared the Senate 17-0 and was named a priority by President Ferdinand Marcos Jr. under LEDAC, but remains stalled in the House during budget season.

01:41 Stablecoins

Standard Chartered Hong Kong to distribute HKDAP, the city’s first regulated HKD stablecoin

Standard Chartered Hong Kong becomes first bank to distribute HKDAP Standard Chartered Bank (Hong Kong) said it is the first bank authorized to distribute HKDAP, Hong Kong’s first regulated HKD stablecoin, moving access beyond crypto exchanges to eligible institutional and corporate clients. The bank plans to use HKDAP for tokenized money market fund settlement from Q4 2026, as well as internal transfers and cross-border payments.

23:11 Regulation

US Treasury Proposes Stablecoin Licensing Timeline Under GENIUS Act

US Treasury proposes stablecoin licensing timeline under GENIUS Act The US Treasury on August 18 proposed rules under Section 3 of the GENIUS Act that would require payment stablecoin issuers to hold a federal or state license from January 18, 2027. The proposal, published August 21, would also bar digital asset service providers from offering unlicensed stablecoins to US persons from July 18, 2028. Comments are open until October 19, 2026, and the rule is not yet law.

22:12 Court

Soldier in Polymarket case challenges CFTC bid to intervene in criminal proceeding

Van Dyke opposes CFTC bid to weigh in on Polymarket criminal case Gannon Ken Van Dyke, the soldier charged with fraud over allegedly using nonpublic information to make more than $400,000 trading Polymarket contracts tied to Nicolás Maduro’s removal, is fighting the CFTC’s attempt to file an amicus brief in his criminal case. His lawyers told a New York federal court the regulator is advancing its own interests, after a judge stayed the CFTC’s parallel civil case pending the criminal trial.

21:11 Regulation

US Expands Iran Sanctions to Five Sectors, Including Crypto, Without Naming New Firms

US opens Iran sanctions campaign, adds crypto sector but names no new firms The US launched “Operation Economic Outcast,” expanding Iran sanctions to five sectors — including digital assets — in what Treasury says is the first time any country’s crypto sector has been designated. Treasury Secretary Scott Bessent warned any entity laundering money for Iran could be cut off from the US dollar system, but no firm was designated under the new sectors on Monday.

20:42 Court

Block Bits Co-Founder Convicted in $960,000 Crypto Bot Fraud Case

Block Bits co-founder convicted in $960,000 crypto trading bot fraud A federal jury convicted Block Bits co-founder Japheth Dillman on four wire fraud counts and one conspiracy count after prosecutors said he helped raise about $960,000 from roughly 22 investors for a crypto fund built around a proprietary trading bot that never existed. Prosecutors said investors were also told 40% of assets sat in low-risk cold storage, but the money was instead put into risky loans and an AML ICO; losses were estimated at about $508,000 by 2022.

20:12 Security

TAC Protocol Rebounds After Exploit, Says Shared Cosmos EVM Code Was at Fault

TAC says exploit came from shared Cosmos EVM code, not its own chain TAC Protocol said the August 22 exploit that forced validators to halt the chain was caused by a vulnerability in the shared Cosmos EVM precompile layer, not TAC’s own code. The attacker drained a single account before transactions were stopped at block 24,671,475, and TAC said only the native $TAC token was stolen. The token has since rebounded about 53% from its all-time low, but remains roughly 97% below its June 30 peak.

19:41 ETF & Funds

CME Group launches ENA dollar reference rates for London, New York and APAC

CME Group adds ENA dollar reference rates for London, New York and APAC CME Group has added Ethena’s ENA token to its single-asset crypto benchmark suite, launching U.S. dollar reference rates and real-time indices for the London, New York and APAC market closes from Aug. 24. The benchmarks, calculated by CF Benchmarks from eligible spot exchange trades, will be published daily at 4 p.m. in each region, including weekends and holidays, giving firms standardized ENA pricing across trading hours.

16:42 Court

Illinois Faces New Court Challenge Over 0.2% Digital Asset Transaction Tax

CCI and Blockchain Association sue Illinois over 0.2% crypto tax The Crypto Council for Innovation and Blockchain Association filed suit Friday in Illinois state court to block the state’s new 0.2% tax on digital asset transactions, set to take effect in January 2027. The groups argue the “privilege tax,” signed by Gov. JB Pritzker in June, is unconstitutional, violates federal and state due process rules, and could lead to duplicative taxation of interstate crypto activity.

14:27 Regulation

Hyperliquid urges SEC and CFTC to treat some equity perpetuals as security futures

Hyperliquid urges SEC and CFTC to classify equity perps as security futures Hyperliquid Policy Center asked the SEC and CFTC to let qualifying cash-settled equity perpetuals be listed in the U.S. as security futures, putting them under the agencies’ existing joint framework. The Aug. 24 filing says HIP-3 markets have already processed more than $480 billion in notional volume in 10 months, and argues products with the same futures-like structure should be classified consistently across asset classes.

11:42 Stablecoins

Standard Chartered to distribute Hong Kong-regulated HKDAP stablecoin

Standard Chartered becomes first bank to distribute Hong Kong-regulated HKDAP Standard Chartered said it will distribute Anchorpoint Financial’s Hong Kong dollar-backed HKDAP to eligible institutional clients and partners, becoming the first bank to offer one of Hong Kong’s two regulated stablecoins. The bank plans to add HKDAP use cases over the next month, including fund subscriptions, asset-manager settlements, intragroup transfers across its global network, and cross-border payments.

11:41 Regulation

ECB Says Digital Euro Payments Would Not Be Visible to the Central Bank

ECB says digital euro payments will not be visible to the central bank ECB Executive Board member Piero Cipollone said the Eurosystem will not be able to identify who sends or receives digital euro payments, pushing back on surveillance concerns around central bank digital currencies. He said only banks involved in a transaction could identify the parties for anti-money laundering checks, while offline payment data would be visible only to the payer and recipient. The ECB says the project could be launched as early as 2029 if legislation passes and technical work is completed.

11:26 Regulation

Germany widens MiCA lead after six more banks join ESMA’s crypto register

Germany widens MiCA lead with six new crypto licenses ESMA’s latest MiCA register added six German cooperative banks, lifting Germany’s total number of authorized crypto-asset service providers to 79, more than double France’s 35 and ahead of the Netherlands’ 29. The EU-wide CASP count rose to 331, while ESMA’s token registers and list of non-compliant entities were unchanged.

10:56 Infrastructure

BNB Chain schedules Pasteur hard fork on BSC mainnet for Aug. 25

BNB Chain sets Pasteur hard fork for Aug. 25 on BSC BNB Chain will activate the Pasteur hard fork on BNB Smart Chain at 02:30 UTC on Aug. 25, 2026, making client v1.7.7 mandatory for all mainnet nodes and requiring operators to remove EnableBAL from config.toml. The upgrade adds stricter bridge block verification, closes validator key-rotation and governance gaps, and introduces a new builder-submitted block path that lifted tested throughput on QANet to 2,324 TPS from 1,237, though no mainnet gain is confirmed yet.

09:26 Regulation

South Korea Pushes to Finish Digital Asset Framework Act in Fall Session

South Korea speeds up work on Digital Asset Framework Act South Korea’s Financial Services Commission will accelerate consultations on the Digital Asset Framework Act after Chairman Kim Byoung-hwan told lawmakers on Aug. 24 he would “do his best” to meet a fall timetable for the bill. The second-phase crypto law is expected to set rules for stablecoin issuance, VASPs, disclosures and internal controls, as lawmakers push to avoid delays into 2027.

08:56 Altcoins

Solana validators open stake-weighted vote on constitution, inflation path and fee changes

Solana validators vote on constitution, inflation and fee overhaul until Thursday Solana validators and delegators began stake-weighted voting on Aug. 23 on three governance proposals that stay open until epoch 1023 ends, expected around Thursday 15:30 UTC. The package would ratify a network constitution, speed SOL disinflation from 15% to 30% annually toward the 1.5% terminal floor, and split transaction fees into a fixed 2,500-lamport inclusion fee plus a resource fee burned by the protocol. Approval needs one-third participation and two-thirds of participating stake.

08:26 Security

Fake Google ad for Hyperliquid linked to Inferno drainer in $550,000 USDC theft

Hyperliquid user loses $550,000 USDC in phishing attack tied to Inferno drainer A Hyperliquid user lost about 550,019 USDC after clicking a Google sponsored ad that led to a fake version of the trading platform, while Salus linked the theft infrastructure to the Inferno drainer ecosystem. Salus said the phishing group bought the ad and spoofed the site, while the backend service handled the drain and automatically split proceeds, with one address receiving 80%.

07:41 Regulation

Laser Digital Secures Japan’s First New Crypto Exchange Registration in Four Years

Laser Digital wins Japan’s first new crypto exchange license in four years Nomura-backed Laser Digital said on Aug. 21 that its Japan unit was registered as a Crypto Asset Exchange Service Provider under the Financial Services Agency framework, the first new approval of its kind in four years. The company said it will initially provide liquidity services to domestic virtual asset service providers and later plans to expand into direct digital asset trading for institutional investors.

07:27 Security

Sandbox bridge exploit minted 329 trillion fake SAND on Base, but losses stayed near $675,000

Sandbox exploit mints 329T fake SAND on Base, drains about $675,000 An attacker abused the approveAndCall function in The Sandbox’s SAND omnichain token on Base to seize LayerZero delegate permissions and mint 329.24 trillion unbacked SAND across 703 events on Aug. 21-22. Despite a nominal face value near $49 billion, the attacker extracted about 14.75 million SAND from the Ethereum OFT Adapter and converted it to roughly 80 ETH, or around $675,000, before Sandbox disabled bridging on Base and BNB Smart Chain.

06:42 Security

Besu Discloses Five Fixed Security Flaws After Releasing Urgent Node Update

Besu fixes five security flaws in Ethereum client update 26.7.1 Ethereum client Besu said five security vulnerabilities found by Certik were fixed in version 26.7.1, released July 27, with detailed advisories published on Aug. 14. Certik said the delayed disclosure was intentional: releasing the patch first gave node operators time to upgrade before attack details became public. The flaws could have let attackers exhaust node memory or threads, affecting availability and consensus processing.

05:55 Regulation

Pakistan launches crypto licensing portal and orders existing firms to apply by Sept. 5

Pakistan opens crypto licensing portal, sets Sept. 5 deadline for existing firms Pakistan’s Virtual Assets Regulatory Authority has opened its licensing portal and told existing virtual asset service providers to apply for a no-objection certificate by Sept. 5 or stop operating. Firms that keep operating after the deadline without applying will be committing an offense under the new framework, which sets rules for exchanges, custody, lending, token issuance and mining-related services, plus asset segregation and AML/CFT controls.

04:25 Security

Term Finance Shuts Meta Vaults After Estimated $8.5 Million Governance Exploit

Term Finance closes Meta Vaults after $8.5M governance exploit Term Labs permanently closed its Term Meta Vaults after an attacker allegedly used majority control of a thinly held governance token to seize the strategy vaults and drain about $8.5 million, including 2,843 ETH and 1.68 million USDC swapped to DAI. The loss was roughly 68% of the vault product’s $12.45 million pre-attack holdings; deposits are now blocked, withdrawals remain open, and Term said its core borrowing and lending markets were unaffected.

04:11 Security

Estonia Revokes Zondacrypto License as Missing Executives and Frozen Funds Deepen Crisis

Estonia revokes Zondacrypto license as users stay locked out of funds Estonia’s Financial Intelligence Unit revoked BB Trade Estonia OÜ’s license on June 29, effectively shutting down Zondacrypto days before the EU’s July 1 MiCA deadline, while customers remained unable to access deposits and the platform had been offline since April. Recoveris said the exchange’s main Bitcoin hot wallet fell 99.7% to 0.086 BTC by April 1 and traced about $21 million sent to Kraken; Polish prosecutors have since folded the case into an organized-crime probe.

23:10 Regulation

HMRC Sends 81,000 Crypto Tax Warning Letters as UK Tightens Scrutiny

HMRC sends 81,000 crypto tax warning letters in UK crackdown HM Revenue and Customs sent more than 81,000 warning letters to UK crypto holders in the 2025-2026 tax year over suspected unpaid tax, nearly triple the 27,714 sent in 2024, the BBC reported from a freedom of information request. HMRC linked much of the gap to gains from the 2022-2025 bull run and warned that unpaid tax can trigger penalties of up to 100% plus interest.

14:42 Court

Kalshi blocks Washington users as injunction dispute over prediction markets widens

Kalshi blocks Washington users as court fight over prediction markets escalates Kalshi has blocked customers in Washington and asked a King County judge to reconsider an injunction that forces it to add IP and residency checks by Aug. 19 and a broader GeoComply system by Sept. 2. The order covers sports, election, politics, entertainment, culture, technology, science and some “mentions” contracts, with penalties of up to $120,000 a day for delays; Kalshi says Washington’s agreement with rival exchange OG creates unequal treatment.

13:40 Security

Term Labs Says Governance Attack Drained About $8.5M From Term Finance Vaults

Term Labs says governance exploit drained $8.5M from Term Finance vaults Term Labs said a governance exploit hit several Term Finance vaults, with initial data showing the attacker used protocol rules rather than a code bug to withdraw about $8.5M in ETH and DAI. On-chain data cited in the report shows the attacker controlled four of the five drained vaults after converting share tokens into governance tokens, then used an Aug. 17 proposal and a six-day delay to change vault parameters and move the funds.

11:41 Stablecoins

Stablecoin Supply Falls From May Peak as Past Depegs Highlight Ongoing Peg Risks

Stablecoin market shrinks $14.6B from May peak as depeg risks stay in focus The stablecoin supply fell about $14.6 billion from its May 2026 peak of $322 billion to roughly $307.6 billion by early August, while USDT and USDC still make up about 83% of the market. The pullback follows new US federal stablecoin rules that reduced interest payments on digital dollars, underscoring how reserve, banking, and counterparty shocks can still break $1 pegs, as seen in USDC, USDT, UST and xUSD.

05:40 Regulation

BPI Presses FinCEN to Extend Stablecoin ID Rules Beyond Issuers

BPI urges FinCEN to extend stablecoin ID checks to secondary markets The Bank Policy Institute, which represents major U.S. banks, asked FinCEN to apply Customer Identification Program rules not just to permitted payment stablecoin issuers but also to exchanges and other platforms with direct retail customer relationships. BPI said much illicit stablecoin activity happens in secondary markets; FinCEN’s proposal notes broader data collection there would be “practically challenging,” especially on pseudonymous blockchain trading and decentralized venues.

22:25 ETF & Funds

Franklin Templeton Gets SEC Staff Relief for Onchain Money Fund Use in Mutual Funds and ETFs

SEC staff clears Franklin to hold tokenized money fund in mutual funds, ETFs Franklin Templeton is preparing to place tokenized assets in conventional mutual funds and ETFs after SEC staff on Aug. 12 cleared it to hold its $720.9 million Franklin OnChain U.S. Government Money Fund (FOBXX) in those portfolios, Bloomberg reported. Franklin called it the first US regulatory clearance for digitally native products inside conventional funds, though the staff said the position has “no legal force or effect.”

21:40 Court

BitMart studies partial restart and creditor payouts as restructuring plan develops

BitMart weighs partial restart and creditor payouts after shutdown plan BitMart said it is considering restarting some operations and making payouts to creditors less than a month after announcing plans to wind down its exchange. The company has hired White & Case to review restructuring options, with any restart subject to legal, financial and regulatory checks, and expects to present a roadmap by Sept. 9.

20:25 Court

CZ Says He Refused to Use UAE Citizenship to Avoid US Binance Case

CZ says he chose not to use UAE citizenship to avoid US case Binance founder Changpeng Zhao said at the Wyoming Blockchain Symposium on Aug. 19 that he could have stayed in the UAE, which he said granted him citizenship about six months before the Binance case became public and has no extradition treaty with the US, but chose to face prosecutors because avoiding the case “didn’t feel honorable.” Zhao said he did not expect prison for what he described as a single Bank Secrecy Act violation, but received four months.

16:56 Court

Illinois Faces Lawsuit Over New 0.2% Tax on Digital Asset Activity

Crypto groups sue Illinois over 0.2% digital asset tax The Blockchain Association and Crypto Council for Innovation filed suit in Sangamon County Circuit Court on Aug. 21 to block Illinois’ new 0.2% tax on digital assets before it takes effect on Jan. 1, 2027. The groups say the levy could apply to trades, transfers and custody, is too vague on taxable events and valuation, and may push firms to cut off Illinois users rather than risk penalties.

11:55 Security

MANTRA Chain Restarts Mainnet After 30-Hour Halt Triggered by Cosmos-EVM Flaw

MANTRA Chain restarts after 30-hour mainnet halt MANTRA Chain resumed block production around 5:30 a.m. UTC on Aug. 22 after deploying v8.4.0 to patch a Cosmos-EVM vulnerability that had halted mainnet transaction processing for about 30 hours. The team said two MANTRA-managed wallets were affected, but user balances were unchanged, no rollback was needed, and token holders did not need to take action.

10:11 Companies

BitMart shifts from full shutdown plan to restructuring review

BitMart explores restructuring instead of full shutdown BitMart said on August 22 it is considering a restructuring as an alternative to closing the exchange, replacing its earlier plan to wind down trading by January 31, 2027. The company said a potential plan could include a phased resumption of some operations and payouts to creditors, has hired White & Case as restructuring counsel, and plans its next update by September 9, 2026.

09:11 Infrastructure

TON Validators Update Nodes Ahead of Vote on New Collator Configuration

TON validators told to update software ahead of collator vote TON validators were instructed to update node software to commit 140320b and mytonctrl to commit 7e90e26 before a configuration switch vote tied to the network’s new collator architecture, scheduled for Aug. 21 at 08:00 UTC. The move is still in the preparation and voting stage, not confirmed full activation, with final status depending on the vote and any subsequent switch execution.

08:40 Tokenization

Avalanche Tokenized Real-World Asset Value Passes $3 Billion

Avalanche tokenized RWA value tops $3 billion Avalanche’s tokenized real-world asset value has crossed $3 billion, marking a new milestone in its push into regulated and institutional finance. The aggregate figure includes Progmat’s $1.2 billion securities migration, plus about $190 million from OpenTrade and roughly $260 million from Grove Finance. The total reflects combined deployments and migrations on the network, not $3 billion in new assets or an AVAX price signal.

07:41 Web3

Optimism Approves 546.9M OP Reallocation From Airdrop Reserve to Strategic Fund

Optimism approves 546.9M OP shift from airdrop reserves to strategic fund Optimism governance approved reallocating 546.9 million OP, previously reserved for user airdrops, into a Strategic Ecosystem Fund managed by the Optimism Foundation. The proposal, backed by core development delegate Test in Prod, redirects roughly $49 million in tokens toward strategic partnerships and ecosystem incentives rather than generalized future airdrops.

06:10 Infrastructure

Arbitrum’s Elara Upgrade Goes Live With Optional Orbit Compliance Filters

Arbitrum activates Elara upgrade with optional Orbit compliance filters Arbitrum’s ArbOS 61 “Elara” upgrade went live on August 20, adding an optional protocol-level compliance filtering feature for Orbit chains aimed at private or enterprise deployments, not public Arbitrum One or Nova. The release also raises the Stylus contract size limit from 24 KB to 96 KB, and node operators must update to Nitro v3.11.3.

05:10 Security

BounceBit to End Standalone Layer 1 and Move BB to BNB Chain After $3M Exploit

BounceBit to shut standalone Layer 1 after $3M BB token exploit BounceBit said it will wind down its standalone Evmos-based Layer 1 and migrate BB to BNB Chain after an attacker exploited an authorization flaw to move about 286.5 million BB tokens, worth roughly $3 million, across nine wallets. The team halted block production about 40 minutes after detecting the attack and said it will use a pre-attack snapshot to reverse unauthorized transfers and work with exchanges to restore customer balances.

04:41 Regulation

HMRC Sends 81,000 Crypto Tax Warning Letters as UK Reporting Rules Tighten

HMRC sends 81,000 crypto tax warning letters as UK scrutiny ramps up The UK tax agency sent 81,000 warning letters to crypto investors over suspected unpaid taxes, up 25% from a year earlier, offering recipients a chance to disclose liabilities before a formal investigation. HMRC’s reach is set to widen further in 2027, when UK and overseas crypto platforms begin reporting user and transaction data under the Cryptoasset Reporting Framework.

03:41 Security

Two Binance Employees Detained at UAE Airports During Fraud Inquiry

UAE police briefly detained Binance staff in fraud probe Police in the United Arab Emirates stopped two Binance employees at airports and questioned a third in July as part of a fraud inquiry into funds moving through the exchange. All three were released, and Binance said the staff were asked for standard statements in routine inquiries tied to third-party fund flows, were not targets, and were promptly cleared.

03:11 ETF & Funds

US Spot Solana ETFs Post $15 Million Inflow, Strongest Daily Session in Three Weeks

US spot Solana ETFs log biggest daily inflow in three weeks US spot Solana ETFs took in $15 million in net inflows on August 20, their strongest single-session haul in three weeks. The figure reflects one day of fresh demand for SOL exposure through regulated ETF products, rather than a cumulative total, making it a cleaner read on near-term institutional buying.

01:40 Regulation

Grayscale Says SEC Crypto Fundraising Proposal Could Benefit ETH, SOL and BNB

Grayscale says SEC fundraising proposal could favor ETH, SOL and BNB Grayscale Head of Research Zach Pandl said the SEC’s proposed Regulation Crypto Assets could boost Ethereum, Solana and BNB Chain by making token-based fundraising easier, potentially bringing more U.S. issuers and investors onchain. The Aug. 18 proposal would create two exempt offering paths: up to $5 million over four years or up to $75 million in 12 months with added disclosure and reporting requirements.

23:41 Regulation

South Korea FSS Launches AI Surveillance System for Real-Time Crypto Market Monitoring

South Korea FSS rolls out AI system for real-time crypto market surveillance South Korea’s Financial Supervisory Service has deployed an AI-powered system to monitor crypto trading across exchanges in real time, targeting price manipulation, wash trading and coordinated group trades. The platform uses generative AI and machine learning to flag tactics like “racehorse” and “cage” schemes, scan digital channels for front-running or misinformation, and lets investigators request detailed exchange trade data before any enforcement action.

22:43 Stablecoins

Ripple, Clearpool and Cicada Plan RLUSD Lending Market on XRP Ledger

Ripple, Clearpool and Cicada plan RLUSD lending market on XRPL Ripple, Clearpool and Cicada Partners are building an institutional lending market on the XRP Ledger where fintechs, payments firms and crypto companies could borrow RLUSD for working capital. Clearpool is testing the setup on Devnet, Cicada will manage credit, and Ripple will invest in the fund, but a mainnet launch still depends on XRPL governance approving the XLS-66 Lending Protocol and XLS-65 Single Asset Vaults.