IMF approves $120M payout to El Salvador after loan review, requiring limits on Bitcoin holdings and ending government involvement with Chivo wallet by July.
World
Stablecoins in Hong Kong: New Licensing Rules Set to Protect Investors
Hong Kong Legislative Council gave the Stablecoins Bill its approval on May 21, making FRS issuers subject to a licensing system. The purpose is to improve the city’s rules for virtual-asset activities, ensure financial stability, and promote innovation in the digital asset sector. Under the Ordinance, everyone who issues stablecoins pegged to the Hong Kong […]
SEC Slams America’s First Crypto Company in Explosive $100 Million Scam
The U.S. Securities and Exchange Commission (SEC) has filed charges against crypto startup Unicoin and its top executives, alleging massive fraud involving the sale of fake rights certificates tied to its digital token. According to the SEC, the New York-based company misled thousands of investors by falsely promoting Unicoin tokens as backed by billions of […]
Robinhood Proposes SEC Framework to Tokenize $30T Real-World Assets
Key Takeaways: Robinhood Markets has officially put forth a new regulatory framework to the U.S. Securities and Exchange Commission, presenting a 42-page document that imagines one day tokenized real-world assets being accepted as legal, transferable, and tradable financial instruments. It’s not merely about keeping up with fintech but about revolutionizing how securities such as bonds, […]
France Launches Crypto Security Measures After Targeted Kidnapping Surge
Key Takeaways: Following a recent string of targeted crimes, French authorities have implemented enhanced security measures designed to protect leading figures in the world of cryptocurrencies and their families in response. The move is taken in the wake of two confirmed kidnappings and an attempted abduction of high-profile crypto professionals and their loved ones. These […]
Tornado Cash Co-Founder Hit with DOJ Charges in Crypto Crackdown
The U.S. Department of Justice has formally announced it will proceed with serious criminal charges against Roman Storm, co-founder of the Ethereum-based cryptocurrency mixer Tornado Cash. The charges include conspiracy to commit money laundering, sanctions evasion, and transmitting criminal proceeds. This decision, confirmed through official filings, marks a pivotal moment in the federal government’s evolving […]
MetaComp Launches StableX: Next-Gen Cross-Border FX Platform Solution
Key Takeaways In the increasingly digitalized world of financial infrastructure, MetaComp launched StableX, an intelligent foreign exchange payment platform specifically designed for the needs of cross-border enterprises. Regulated by Singapore’s Monetary Authority, StableX was conceptualized by MetaComp with the aim of solving long-standing inefficiencies of the $7-trillion-a-day FX market. Unlike fragmented systems stuck in the […]
GDC to Invest $300 million in Bitcoin and TRUMP Tokens
Key Takeaways: Nasdaq-listed GD Culture Group Limited (GDC), in collaboration with its subsidiary AI Catalysis Corp., has finalized a significant financing arrangement aimed at repositioning its treasury structure. The company has signed a common stock purchase agreement with an accredited investor registered in the British Virgin Islands, paving the way for up to $300 million […]
Amber Premium Launches $100M Reserve for Crypto Growth
Key Takeaways: Amber International Holding Limited, operating under the Amber Premium brand, has formally announced the launch of a groundbreaking $100 million Crypto Ecosystem Reserve. This initiative is not simply a traditional investment fund; it is a strategically designed reserve, enhanced by artificial intelligence, with the objective of dynamically investing in and supporting high-potential blockchain […]
Trump Targets 20 Nations in New Tariff Deal Talks
Key Takeaways: The Trump administration has initiated trade talks with an unconventional blend of major exporters and smaller economies, aiming to create a set of agreements that could serve as models for future negotiations. The early-phase trade strategy includes approximately 20 countries, ranging from economic heavyweights like Japan and South Korea to smaller players such […]