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Crypto outflows from Iran’s largest exchange surged 700% to nearly $3 million on Saturday. The spike followed a U.S.- and Israeli-led airstrike that killed senior Iranian political and military figures, escalating regional tensions. Blockchain analytics firm Elliptic said the surge occurred on Nobitex, which dominates Iran’s
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South Korea will urgently review custody controls for seized crypto after an official disclosure exposed a wallet recovery phrase. The incident triggered unauthorized transfers of roughly 4 million PRTG tokens, theoretically valued at $4.8 million, raising fresh concerns about state asset security. Deputy Prime Minister and Finance Minister Koo
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Minnesota recorded $540,000 in crypto kiosk-related losses last year across 70 complaints. Lawmakers now want to eliminate the machines entirely, arguing prior safeguards failed to protect vulnerable residents. Representative Erin Koegel introduced HF 3642 this week, proposing a statewide ban on the placement or operation of any virtual currency
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South Korea’s ruling party has proposed mandatory asset disclosures for cryptocurrency influencers. The bill would require social media promoters to reveal personal holdings and compensation tied to digital asset recommendations. According to local outlet Herald Business, Democratic Party lawmaker Kim Seung-won introduced amendments to the Capital Markets Act and
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Hong Kong will approve its first fiat-referenced stablecoin issuer licenses in March. The move formalizes a regulatory track that could position the city as Asia’s most structured hub for compliant digital dollar issuance. Financial Secretary Paul Chan announced the timeline in his 2026–27 budget speech. He said the
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Federal prosecutors seized more than $61 million in Tether’s USDT tied to a cryptocurrency romance investment scheme. The action signals continued U.S. enforcement focus on stablecoin rails used to move illicit proceeds. The U.S. Attorney’s Office for the Eastern District of North Carolina announced the seizure
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A Trump-chaired initiative is exploring a dollar-pegged stablecoin to facilitate digital transactions in Gaza, according to the Financial Times, citing five people familiar with the discussions. The proposal would introduce blockchain-based payments into a territory where access to physical cash has largely collapsed. The effort is being examined under the
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The U.S. Securities and Exchange Commission will permit broker-dealers to apply a 2% haircut to certain proprietary stablecoin positions. The shift lowers capital friction and moves dollar-backed tokens closer to treatment historically reserved for money market instruments. In guidance issued Thursday, the SEC’s Division of Trading and Markets
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Hyperliquid Foundation committed roughly $29 million in HYPE tokens to launch a Washington advocacy group for decentralized finance. The donation signals that DeFi-native platforms are preparing for a more direct role in shaping U.S. crypto legislation. The foundation said it will contribute 1 million HYPE tokens to establish the
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Two spot SUI exchange-traded funds began trading Wednesday, giving investors direct token exposure plus staking yield. The dual structure expands institutional access to proof-of-stake income within a regulated ETF wrapper. Canary Capital listed the Canary Stake SUI ETF under ticker SUIS on Nasdaq. The fund tracks the spot price of
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The United States is moving closer to a sweeping overhaul of cryptocurrency regulation, with President Donald Trump signaling that comprehensive market structure legislation could soon reach his desk. The proposed bill, introduced as S. 3755 and H.R. 3633, would establish clear lines of authority between the two primary financial
Politics
A crypto-backed super PAC is launching a $1.5 million campaign to oppose Representative Al Green in Texas’s upcoming Democratic primary, marking one of the digital asset industry’s first major spending moves ahead of the 2026 midterm elections. Protect Progress, a federal super PAC affiliated with the crypto