Tether’s recent move to partner with the Georgian government probably doesn’t sound like the biggest crypto story in the world right now, but it could end up being way more important than people realize. This week, Tether announced plans to launch GELT, an official digital token tied to Georgia’s national currency, the lari, with government
Why Is France Pressing Crypto Firms Now? France’s top markets regulator has warned crypto companies that they could be blacklisted and prosecuted if they continue seeking EU customers without a licence after the bloc’s June 30 deadline. The warning comes as the European Union moves into the full rollout of MiCA, its crypto regulatory framework.
Why Is India Expanding the Digital Rupee Now? The Reserve Bank of India plans to expand the digital rupee into more welfare payment schemes and test its use in cross-border transactions, according to its 2025-26 annual report. The move comes as India tries to give the e-rupee a clearer role beyond basic retail circulation. The
Why Did The SEC Charge Nathan Fuller? The Securities and Exchange Commission charged Nathan Fuller, a Cypress, Texas resident, with raising about $12.3 million from roughly 150 investors through a crypto fraud scheme built around fake AI trading bots. Fuller, the founder and sole member of Privvy Investments LLC, allegedly solicited investors across 9 states
Why Do Recent DeFi Exploits Matter for XRPL? Recent DeFi attacks have put flash loans back at the center of crypto market risk. The mechanism was linked to exploits involving Thorchain, Drift Protocol, and KelpDAO, while cross-chain bridges have lost more than $2.8 billion to attacks since 2021, according to Chainalysis data cited in the
Why Is Alex Mashinsky Challenging His Sentence? Alex Mashinsky, the former chief executive of collapsed crypto lender Celsius, has asked a New York court to vacate his 12-year sentence for fraud and market manipulation, months after he was sentenced in one of the largest criminal cases tied to the 2022 crypto credit collapse. In a
Why Is Jamie Dimon Opposing The Clarity Act? JPMorgan Chase CEO Jamie Dimon said banks will fight the Clarity Act in its current form, escalating a dispute between traditional finance and the crypto industry over how digital asset legislation should treat stablecoins, exchanges, and bank-like customer rewards. In an interview with Fox Business, Dimon said
Why Did Sui Stop Processing Blocks Again? Sui experienced a second major network disruption in less than 24 hours after issues tied to its latest 1.72 software release interrupted block production and forced validators to coordinate another fix. The layer-1 blockchain was offline for 5 hours and 55 minutes on Thursday after what the team
Why Is the CFTC Drawing a Line on 24/7 Markets? The U.S. Commodity Futures Trading Commission has warned derivatives exchanges and clearing firms that expanded 24/7 trading may not be suitable for every asset class, even as the agency shows greater comfort with around-the-clock crypto markets. The advisory was issued Friday, the same day the
Overview: Bitcoin is extending its weekly decline, with losses approaching 5% over the past several trading sessions as bearish sentiment continues to weigh on the market. The cryptocurrency is currently trading close to its April lows around the 73,000 level, reflecting growing selling pressure after its recent rejection from monthly highs near 82,500. The inability