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July 26, 2026

Market

Upbit Adds MORPHO and EUL to KRW Market, Delays Euler Trading Start

Upbit lists MORPHO and EUL on KRW market, delays Euler launch Upbit added MORPHO/KRW and EUL/KRW, expanding direct won trading for two Ethereum-based lending tokens, but pushed EUL trading on July 26 from 12:00 p.m. to 2:00 p.m. KST. Deposits and withdrawals for both assets are limited to Ethereum, and Upbit imposed opening controls on EUL including a five-minute buy block and limit-only orders for about two hours. EUL rose about 74% before launch.

Court

Poolin Seeks Chapter 11 Sale of Texas Mining Assets for $52 Million

Poolin files Chapter 11, seeks court approval for $52M Texas asset sale Singapore-based Bitcoin miner Poolin and its US affiliates Lonestar Dream and Lonestar Taproot filed for Chapter 11 in New Jersey on July 22, listing about $173.1 million in prepetition obligations and 10,001-25,000 creditors. Roughly $163.7 million of the debt is tied to unsecured IOUs issued to Poolin Wallet users after withdrawals were frozen in 2022, while the case is centered on a proposed $52 million stalking-horse sale of its Texas mining assets to Thor CALAP LLC.

Security

Coinbase launches Bitcoin consortium with $15M to prepare for future quantum risks

Coinbase forms Bitcoin quantum security consortium with $15M funding Coinbase unveiled a post-quantum security plan for Bitcoin and launched the Bitcoin Security Consortium with BlackRock, Fidelity Digital Assets, Block, Strategy, Anchorage Digital, ARK Invest, Blockstream and Galaxy, which committed $15 million over three years for developers and researchers. CEO Brian Armstrong said quantum computing is not an immediate threat, but Coinbase has already begun upgrading its custody and key management systems ahead of any migration.

Security

FBI alleges malware hidden in eight games led to theft from 80 crypto wallets

FBI says malware in eight video games stole at least $220,000 in crypto Federal investigators allege malware hidden in eight downloadable games infected about 8,000 devices, harvested credentials and led to at least $220,000 being taken from roughly 80 cryptocurrency wallets. Court filings say the campaign used Discord, Telegram, X and LinkedIn to target crypto holders, and the FBI is now seeking potential victims as the case against Wilkins moves forward.

July 25, 2026

Regulation

Sberbank aims to launch regulated crypto trading infrastructure by Dec. 1, 2026

Sberbank targets Dec. 1, 2026 launch for regulated crypto platform Russia’s Sberbank said it plans to launch the infrastructure for licensed cryptocurrency trading, including a digital depository, by Dec. 1, 2026. First Deputy Chairman Alexander Vedyakhin said the system will record clients’ crypto rights, process transfers and account for off-chain transactions, as Russia moves toward a new legal framework for crypto exchanges, brokers, custodians and depositories.

Regulation

Mirae Asset Completes Korbit Takeover and Rebrands Exchange as Digital X

Mirae Asset takes 97.15% of Korbit, rebrands exchange as Digital X Mirae Asset Consulting has closed its 141.4 billion won acquisition of a 97.15% stake in Korbit after South Korea’s Fair Trade Commission approved the deal on July 9, making it the first affiliate of a major Korean financial group to control a domestic crypto exchange. Korbit, which holds about 0.5% market share, is being rebranded as Digital X to link stablecoins, tokenized real-world assets and traditional securities under Mirae Asset’s “3.0” strategy.

ETF & Funds

US spot Bitcoin ETF turnover sinks to lowest full week since October 2024

US spot Bitcoin ETF volume falls to weakest full week since October 2024 US spot Bitcoin ETFs traded about $8.05 billion over five sessions through Friday, down 14% from the prior week and the lowest full-week turnover since October 2024, while net inflows slowed to $33.8 million after late-week withdrawals erased most earlier gains. Spot Ether ETFs added $103.9 million, outdrawing Bitcoin for a second straight week and extending their winning streak to three weeks.

Regulation

Massachusetts Senate Backs Crypto ATM Ban After Nearly $6.8M in Reported 2025 Losses

Massachusetts Senate backs crypto ATM ban in economic bill The Massachusetts Senate voted Thursday to prohibit crypto ATMs by adding the measure to an omnibus economic development bill, after the FBI logged 296 kiosk-scam complaints and $6,834,561 in reported losses statewide in 2025. The ban is not law yet: similar House language failed twice before, and its fate now depends on House-Senate negotiations over the final bill.

Companies

Satsuma wins approval to sell remaining Bitcoin and leave London market

Satsuma shareholders approve full Bitcoin exit and LSE delisting UK-listed Satsuma Technologies has won shareholder approval to sell its remaining 668 BTC, return most of the proceeds to shareholders, delist from the London Stock Exchange and effectively wind down its Bitcoin treasury vehicle. The company had already sold 579 BTC for about $50 million in December to meet convertible loan obligations, underscoring a broader shift from corporate BTC accumulation to restructuring and sales.

Crypto Brief

World Foundation Raises $52.5M in Locked WLD Sale as Token Drops 10%

World Foundation raises $52.5M in locked WLD sale led by Pantera World Foundation sold about 217.4 million WLD to raise $52.5 million in a token round led by Pantera Capital, with all tokens locked for 12 months until July 2027. The nonprofit said it will use the funds to push World ID into enterprise platforms, consumer apps, and AI agents, while WLD fell about 10% in 24 hours amid continued price pressure.

Security

Across relayer loses less than $4M after fake Solana deposits trigger payouts

Across says a Risk Labs-operated relayer lost under $4 million in a July 17 Solana attack after an attacker forged 1,627 fake deposit events worth $41.7 million. The relayer paid out about $4.5 million across 581 requests before Solana operations were halted, while roughly $500,000 of the attacker’s funds remained trapped, cutting the net loss below $4 million. Across said user funds were unaffected and Solana transfers resumed via Circle’s CCTP.

Security

Optimism says critical pre-Lagoon refund bug was fixed before any production exploitation

Optimism discloses patched critical pre-Lagoon refund bug Optimism said a critical vulnerability in its pre-Lagoon SDM verify path could accept forged refund payloads without recomputation, creating a risk in refund verification. The issue was disclosed on the governance forum after being patched before the Lagoon upgrade reached any production chain, and Optimism says no funds were lost.

Court

Chinese court jails five Sifang operators over $428M USDT-linked gambling network

Chinese court jails five Sifang operators over $428M USDT gambling network Chinese courts sentenced five operators of the Sifang payment platform to three to six years in prison for illegal business operations tied to an online gambling network that moved 2.95 billion yuan ($428 million) through USDT, bank cards and third-party payment accounts. The court upheld Ma’s 4.5-year term and 3 million yuan fine; Zhu got five years, Zhang six years, and investigators used Tether wallet data and OKX records to trace the flows.

Security

Australian police say AI is fueling fake crypto investment scams as losses top $31.4 million

Australian police warn AI is powering fake crypto investment ecosystems The AFP-led JPC3 said transnational criminal networks are using AI to build end-to-end scam operations, including fake trading platforms, news articles, landing pages and chatbots, as losses from investment scams in Australia topped $31.4 million so far this year. The warning came as JPC3 expanded its national “Clickfit” campaign urging people to scrutinize online investment offers before sending money.

Security

OKX says crypto incidents jumped 50% in H1 2026 while disclosed losses fell to $956 million

OKX: Crypto security incidents rose 50% in H1 2026 as losses fell to $956M OKX’s H1 2026 Web3 security report, produced with SlowMist and OtterSec, logged 182 publicly disclosed incidents with $956 million in losses, up 50% in case count from H1 2025 but down about 60% in value. The report says attackers shifted from major smart contract exploits toward supply-chain breaches, social engineering, cloud key theft, single-point failures and AI-driven attacks, making users and AI agents the main targets.

Regulation

India finance panel backs interim self-regulatory body for crypto oversight

India finance panel proposes interim SRO for crypto oversight India’s Parliamentary Standing Committee on Finance has proposed a temporary Self-Regulatory Organisation to oversee cryptocurrencies and virtual digital assets until a full law is passed, weeks after the RBI renewed its warnings on crypto risks. In Report No. 36 filed on July 23, 2026, the panel said the SRO should be supervised by the RBI or SEBI and enforce investor protection, disclosures, customer fund segregation and complaint handling.

Regulation

Naver-Dunamu merger clears FIU rule issue, but antitrust review remains

Naver-Dunamu merger clears FIU rule hurdle but faces antitrust review South Korea’s Regulatory Reform Committee recommended easing a proposed major-shareholder rule under the Special Financial Transactions Act, potentially reducing concerns over Naver Financial’s eligibility in a merger with Dunamu. But the Korea Fair Trade Commission said that change is separate from its review and it will closely examine whether combining Naver’s platform, payments and data with Upbit operator Dunamu could restrict competition or create a monopoly.

Regulation

Fraternal Order of Police Endorses Revised CLARITY Act After Law Enforcement Changes

Fraternal Order of Police backs revised CLARITY Act The 382,000-member Fraternal Order of Police endorsed the latest CLARITY Act after lawmakers added protections for criminal investigations, suspicious transaction holds, and digital asset seizures. The revised bill also shields certain digital asset entities from liability for voluntarily delaying suspicious transactions and includes support for state and local crypto crime enforcement, even as Senate Democrats withheld support and negotiations continue.

July 24, 2026

Mining

Poolin files Chapter 11 as $52 million bid sets floor for Texas mining asset sale

Poolin files Chapter 11 with $163.7M owed to 11,700 wallet users Poolin Technology PTE. Ltd. and its US affiliates filed for Chapter 11 on July 22 in New Jersey, opening an orderly wind-down centered on a proposed $52 million stalking-horse sale of its Pyote and Tarbush mining sites in West Texas. The company lists $173.1 million in prepetition liabilities, including $163.7 million in unsecured IOUs owed to roughly 11,700 Poolin Wallet users after withdrawals were frozen in 2022.

Regulation

EU adds crypto exchange HTX to sanctions package tied to Russia restrictions

EU adds crypto exchange HTX to Russia sanctions list The European Union has sanctioned HTX, formerly Huobi Global, adding it to a list of 18 non-EU entities accused of providing crypto-asset or payment services that undermine the bloc’s restrictions on Russia over the war in Ukraine. The move bars transactions between EU operators and the listed entities under the amended measures adopted Thursday. The package also includes a ban on Belarusian nationals and residents owning, controlling or managing crypto exchanges and digital asset service providers under the EU’s MiCA framework.

Security

Kenya Freezes $888,030 in Cash and USDT in Expanding Alleged Laundering Probe

Kenya freezes $888,030 in cash and USDT in alleged laundering probe Kenya’s Assets Recovery Agency has frozen at least $888,030 in cash and USDT tied to two residents in an alleged money-laundering scheme that investigators say moved more than $2.32 million through shell firms, bank accounts, remittance services and crypto wallets. The ARA said the network used small transfers below reporting thresholds and multiple Binance accounts to obscure the funds’ origin; investigations are ongoing, and Kenya sent a mutual legal assistance request to the US in May 2026.

Infrastructure

Stacks clears SIP-045 Bitcoin staking upgrade with 99% support before July 29 fork

Stacks approves SIP-045 Bitcoin Staking upgrade ahead of July 29 hard fork Stacks holders approved SIP-045 with more than 99% support, clearing the way for a hard fork around July 29 at roughly Bitcoin block 907,740. The PoX-5 upgrade will let users lock BTC in a timelocked Bitcoin L1 contract under their own keys and pair it with locked STX to earn BTC yield; companion proposal SIP-044, adding Clarity 6 and new staking post-conditions, also passed.

Regulation

OCC rejects Wise’s US trust bank charter application, sending shares down 11%

OCC rejects Wise’s US trust bank charter application Wise said the Office of the Comptroller of the Currency denied its US national trust bank charter application on July 23, citing anti-money-laundering deficiencies, a 2025 Multi-State Consent Order and concerns over fiduciary experience. The London-based payments firm’s shares fell 11% in under 24 hours, and Wise said it plans to refile under the GENIUS Act while continuing US operations under money transmitter licenses.

Regulation

MiCA deadline forces unauthorised crypto firms to leave or restructure in the EU

MiCA transition ends, forcing unauthorised crypto firms out of the EU Europe’s final MiCA transition period expired on July 1, 2026, meaning crypto-asset service providers that had operated under national regimes now need MiCA authorisation or must wind down EU activities. The deadline has already cut the number of firms serving European users, increased the value of an EU licence and pushed customers to check ESMA’s register as some platforms restrict services, transfer clients or leave the region.

Court

Wisconsin files criminal charges against Circle over disputed USDC seizure order

Wisconsin files criminal charges against Circle over USDC seizure order Wisconsin authorities have filed criminal charges against Circle, alleging it refused to comply with a Walworth County court warrant to seize about $381,000 in fraud-linked USDC and reissue the funds to the sheriff’s department. Circle says its current USDC design cannot invalidate or transfer tokens from a third-party wallet, while regulators argue the company could enable that through contract upgrades.

Crypto Brief

Augur Sets August 1 Deadline for Mandatory REP Migration in Moon Fork

Augur sets August 1, 2026 deadline for mandatory REP migration Augur has opened the final window for REP holders to migrate tokens 1:1 into outcome-specific REP by August 1, 2026, as phase two of its Moon Fork nears completion. The move is irreversible, and REP left in the legacy universe after the deadline will no longer track the active protocol and is likely to lose economic value. Kraken has confirmed exchange support; other platforms have not.

Regulation

Seoul court says stablecoin exchange services need VASP registration in South Korea

Seoul court backs FIU on stablecoin exchange registration A Seoul court ruled that companies cannot offer exchange services for stablecoins or other cryptocurrencies in South Korea without registering as a virtual asset service provider, siding with the FIU in its case against fintech firm Darwin KS. The court said Darwin KS’s ATM business, which exchanged BTC, ETH and USDT from foreign tourists into won for a fee, qualified as virtual-asset exchange activity even though customer assets were held by registered custodian KODA. Darwin KS plans to appeal.

Security

Drift exploit wallet sends $44.4M in ETH to Tornado Cash after months of silence

Drift exploiter moves $44.4M in ETH into Tornado Cash after 3 months A wallet tied to the Drift Protocol exploit sent 23,095 ETH, worth about $44.4 million, into Tornado Cash after roughly three months of inactivity, with researcher JL saying the attacker resumed 100 ETH batch deposits several times per minute. ZachXBT said he would not continue solo tracking work, citing the resources needed to monitor and freeze a nine-figure theft linked to North Korea.

Tokenization

BNB Chain Takes Largest Share of Franklin Templeton’s Benji Assets

BNB Chain becomes top host for Franklin Templeton’s Benji assets Validated Benji data shows about $1.5 billion of Franklin Templeton’s tokenized money market fund assets now sit on BNB Chain, equal to 61.7% of the platform’s $2.44 billion total. That puts BNB Chain ahead of Stellar at roughly $573 million and Ethereum at about $159 million, though Benji remains a multi-chain platform rather than a full migration from either network.

Payments

Lambda256 wraps up stablecoin payments pilot with Korean card industry group and nine issuers

Lambda256 completes stablecoin payment pilot with Korea card issuers Lambda256, Dunamu’s blockchain unit, said July 24 it finished a joint proof of concept with the Korea Credit Finance Association and nine card issuers to test whether existing card payment infrastructure can connect to stablecoin payments. The pilot covered issuance, approvals, refunds, settlements, card points and on-chain AML/fraud checks, with Lambda256 saying the results reduced technical uncertainty for issuers and showed a standardized integration model is feasible.

Security

Three DeFi Security Breaches Drain $35.5 Million in Six Hours

Three DeFi hacks drain $35.5M in six hours Three security incidents hit AFX Trade, Verus Ethereum Bridge and B² Network on July 23, draining about $35.5 million in six hours. The biggest loss was AFX Trade at $24.15 million, followed by Verus Ethereum Bridge at $7.54 million and B² Network at $3.86 million. The attacks targeted bridge and supporting infrastructure, not Bitcoin, Ethereum or Arbitrum themselves, underscoring growing risks in cross-chain and off-chain systems.

Mining

Poolin files Chapter 11 in US to sell West Texas mining sites

Poolin files Chapter 11 to sell Texas mining assets Poolin, once the world’s largest bitcoin mining pool, filed for Chapter 11 on July 22 with two U.S. affiliates to sell its West Texas mining sites and wind down operations. Court filings show about $173.1 million in prepetition obligations, including roughly $163.7 million in unsecured IOUs tied to Poolin Wallet customers after 2022 withdrawal freezes, while Thor CALAP LLC set a $52 million stalking-horse bid for the Pyote and Tarbush assets.

Court

Thailand SEC files criminal complaint against Bitkub over alleged false post-hack reports

Thai SEC files criminal complaint against Bitkub over 2021 hack reporting Thailand’s SEC has filed a criminal complaint against Bitkub Online and former directors Sakolkorn Sakavee and Thaweesap Rawan, alleging they filed false net capital reports after a May 2021 hack that stole 16 digital assets worth about 1.7 billion baht ($48 million). The case now goes to the Economic Crime Suppression Division; Bitkub said it withheld disclosure to prevent a bank run and later replaced the assets.

Mining

Kazakhstan ties strategic mining power access to contributions for a state crypto reserve

Kazakhstan links mining power access to state crypto reserve contributions Kazakhstan approved new rules on July 18 that give “strategic” crypto miners regulated electricity access only if they contribute part of their mined digital assets to a state-backed reserve managed by a National Bank investment company. The rules take effect August 1 and limit eligibility to large operators with at least 150 MW of installed capacity, designated power purchases, and full tax compliance.

Stablecoins

BPI tests stablecoin settlement rail for inbound cross-border payroll in the Philippines

BPI pilots stablecoin settlement for cross-border payroll in the Philippines Bank of the Philippine Islands has teamed up with Meridian to test a stablecoin-based settlement rail for inbound payroll payments, starting with freelancers and virtual assistants paid by overseas clients. BPI said the pilot will run with Bangko Sentral ng Pilipinas oversight under existing rules, with broader rollout planned before the 49th ASEAN Summit in November if consumer protection and stablecoin reserve transparency requirements are met.

Security

Robinhood confirms CEO Vlad Tenev’s X account was hacked in fake VLAD token scam

Robinhood confirms breach of CEO Vlad Tenev’s X account Hackers used Vlad Tenev’s compromised X account to promote a fake VLAD memecoin and post a fraudulent contract address, falsely claiming the token would be listed on Robinhood. The post was removed in under 20 minutes after drawing more than 175,000 views, and on-chain monitors estimated wallets tied to the scam extracted about 650 ETH, or roughly $1.2 million-$1.3 million.

Regulation

OKX exchange app disappears from Google Play in the Philippines amid SEC crackdown

OKX trading app removed from Google Play in the Philippines OKX’s main exchange app is no longer available on Google Play in the Philippines, the latest fallout from the SEC’s campaign against unlicensed crypto platforms. The SEC flagged OKX and nine other exchanges on Aug. 1, 2025, and said it would seek website blocks and takedowns from companies including Google and Meta over licensing, investor-protection, and AML concerns.

Regulation

South Korea set to publish security token rules as broader market reforms continue

South Korea to issue security token rules this month South Korea’s Financial Services Commission plans to release subordinate regulations and guidelines for security tokens this month, setting standards for eligible fractionalized assets, disclosures, OTC exchange licensing and investor trading limits. The move is a key step in the country’s STO rollout ahead of the revised Electronic Securities Act and Capital Markets Act taking effect in February 2027.

July 23, 2026

Regulation

EU sanctions 14 crypto platforms and 94 banks in new Russia measures

EU sanctions 14 crypto platforms in new package against Russia The EU’s 21st sanctions package adds 14 crypto service platforms and 94 banks and financial institutions to its Russia blacklist, targeting providers in Georgia, Panama, the UAE, the Marshall Islands, Kyrgyzstan and Belarus that the Council says helped Russia-linked transfers. Adopted on July 23, the package also gives the bloc power to ban crypto-asset services tied to an entire third country if local platforms are used to evade sanctions.

Regulation

SEC’s Peirce says some crypto vaults and onchain lending products may face securities rules

SEC’s Peirce warns some crypto vaults may fall under securities laws SEC Commissioner Hester Peirce said July 22 that crypto vaults and onchain lending products can trigger U.S. securities rules depending on how they are structured, operated and managed. She said products where developers or managers choose investments, rates, loan-to-value ratios or liquidation thresholds may face closer scrutiny, and urged builders to engage with the SEC instead of assuming onchain activity sits outside federal law.

ETF & Funds

Japan’s Crypto Law Overhaul Extends Timeline for Any Future Spot Bitcoin ETFs

Japan lays legal groundwork for future spot Bitcoin ETFs Japan’s Cabinet has submitted amendments to the Financial Instruments and Exchange Act and the Payment Services Act to the 221st National Diet, moving crypto assets toward treatment as financial assets under the FIEA rather than only payment instruments. The shift could give the FSA a clearer basis to build rules for investment products such as spot Bitcoin ETFs, but no such ETFs are approved or trading in Japan, and 2028 is described only as a target window, not a launch date.

Payments

Ripple Invests in Notabene to Expand RLUSD Use in Institutional Stablecoin Payments

Ripple invests in Notabene to expand RLUSD institutional payments Ripple has invested in regulated on-chain transaction network Notabene as the companies move to widen RLUSD use in institutional stablecoin payments. RLUSD will be integrated into Notabene Flow, its B2B stablecoin payments platform, while the two also plan to explore using Notabene’s transaction authorization and compliance infrastructure with Ripple Payments. Notabene says its network connects more than 2,300 institutions across 100+ jurisdictions.

Regulation

Goldman Sachs CEO Backs Clarity Act as Senate Crypto Vote Nears

Goldman Sachs CEO David Solomon backs Clarity Act ahead of Senate vote Goldman Sachs CEO David Solomon said he supports moving the Clarity Act forward, breaking with JP Morgan CEO Jamie Dimon and banking trade groups as the crypto market-structure bill nears a possible Senate floor vote. Solomon told Politico the bill would help create market structure and a “level playing field,” while bank critics warn its stablecoin-yield provisions could pull deposits from traditional lenders.

Security

Bitcoin Security Consortium launches with $15 million from Coinbase, BlackRock, Strategy

Bitcoin Security Consortium launches with $15M backing from Coinbase, BlackRock, Strategy A group of major financial institutions and Bitcoin companies including Strategy, Coinbase, BlackRock, ARK Invest, Anchorage Digital, Block, Blockstream, Fidelity Digital Assets and Galaxy has launched the Bitcoin Security Consortium, committing $15 million over three years to support Bitcoin’s long-term security. The group will focus on research and development aimed at future quantum computing threats while funding independent developers and researchers.

Tokenization

Mubadala Capital Brings Tokenized Fund to Solana, Base and Sui

Mubadala Capital tokenizes Alternative Solutions Fund across Solana, Base and Sui Mubadala Capital has tokenized its Alternative Solutions Fund via KAIO, with the product launching across Solana, Base and Sui and securing $75 million in commitments from traditional and digital investors. The move, made with Coinbase and KAIO, puts part of the Abu Dhabi sovereign wealth fund arm’s private markets strategy onchain and is aimed at broadening access for qualified investors through regulated crypto infrastructure.

DeFi

Uniswap adds Permissioned Pools to let regulated tokenized assets trade on v4

Uniswap launches v4 Permissioned Pools for regulated token trading Uniswap Labs on July 23 rolled out “Permissioned Pools,” a new Uniswap v4 feature that lets issuers of tokenized funds and securities limit trading and liquidity provision to approved wallets. Built with a v4 hook, the standard is designed to bring regulated assets onto an automated market maker without requiring issuers to build separate trading systems; Superstate, Securitize and Dowgo launched with the standard.

Regulation

US freezes $130M IRGC crypto wallet as Iran financial crackdown widens

US freezes $130M IRGC crypto wallet in wider Iran crackdown The US Treasury Department has frozen a crypto wallet worth $130 million that officials say is controlled by Iran’s Islamic Revolutionary Guard Corps, as Washington steps up efforts to disrupt Iran’s financial network. Treasury Secretary Scott Bessent said the move is part of a broader push to track and block crypto tied to Iran, with investigators also tracing more accounts and other assets linked to the country’s leadership, including Ayatollah Ali Khamenei.

Regulation

EU approves new Russia sanctions package targeting 11 crypto platforms

EU agrees sanctions on 11 crypto platforms tied to Russia EU governments on Thursday approved a 21st sanctions package against Russia that targets 11 crypto platforms, most of them outside Russia, alongside 94 Russian banks and the Moscow Exchange. Officials have not named the platforms, but the move widens pressure beyond Russia’s domestic crypto sector while BTC and other cryptocurrencies remain legal to own and trade.

Regulation

FATF says crypto enforcement trails legislation as stablecoin and AI risks grow

FATF warns crypto enforcement is lagging behind new laws FATF’s 7th update on virtual asset rules found jurisdictions are passing crypto measures faster than they enforce them: 83% now have Travel Rule legislation, but 60% of those have taken no supervisory or enforcement action. The watchdog also flagged “freeze-resistant” stablecoins and AI-driven fraud as emerging risks, while saying wallet screening, blockchain analytics, and freezing or blocking tools should now be standard AML/CFT controls.