Stablecoins move trillions each year but mostly sit unused, leaving a widespread inefficiency across crypto markets.
South Korea plans to use AI for crypto tax enforcement
The National Tax Service has opened a procurement bid for a platform to analyze crypto trading data and flag potential tax evasion.
Chinese fraud victims challenge UK redress plan for 61,000 seized Bitcoin: FT
Chinese investors defrauded in the Zhimin Qian case are asking the UK High Court to reject a redress plan for 61,000 seized Bitcoin, saying it could deprive them of the assets’ gains.
Bitcoin buyers ‘in control’ but trend won’t change until this level breaks
Bitcoin analysts said buyers were regaining control, but reclaiming $78,000 as support was key to reversing the overall downtrend.
JPMorgan sued over alleged role in $328M crypto Ponzi scheme
Investors allege JPMorgan helped facilitate fund flows in a $328 million crypto Ponzi scheme, while a parallel federal case targets Goliath Ventures’ founder.
Utah set to block prediction markets as state-federal tensions rise
CFTC Chair Michael Selig has said that the agency has authority over prediction markets like Kalshi and Polymarket and warned it will defend that jurisdiction in court if challenged.
US prosecutors urge judge to deny Sam Bankman-Fried retrial bid: Report
Prosecutors say testimony from two former FTX executives cited by the defense does not qualify as newly discovered evidence, Bloomberg reported.
Bonk.fun warns hackers hijacked domain in wallet-drainer attack
Bonk.fun warned users not to use its site after attackers hijacked the domain and pushed a fake wallet-draining prompt.
New Zealand regulator says NZDD stablecoin not a financial product
Law firm MinterEllisonRuddWatts, which acted on behalf of the stablecoin’s issuer, says the designation of the token is an important step for regulatory clarity.
AI agent payment volumes lower than reported, but adoption is growing: a16z
Andreessen Horowitz partner Noah Levine says AI agents made $1.6 million in payments in the past month, which “is not a big number, but the infrastructure being built around it is.”