Coinbase revealed in a recent regulatory filing that a data breach exposed the personal information of nearly 70,000 users and went undetected for six months, highlighting serious flaws in the platform’s security systems. New stablecoin regulations are advancing in both the US and Hong Kong, with lawmakers passing key measures that could accelerate institutional involvement in digital assets and drive broader adoption in global markets.
Crypto.com has acquired Allnew Investments to obtain a MiFID license, enabling the exchange to offer derivatives across the European Economic Area. This move expands its regulatory footprint and product offerings in Europe.
Yield-bearing stablecoins have rapidly grown to $11 billion in circulation, now representing 4.5% of the total stablecoin market, up from $1.5 billion and 1% at the start of 2024. This marks a significant increase in both value and market share.
Crypto hedge fund Temple Capital has strengthened its senior management by hiring executives from Hilbert Capital, BlueCrest, and Brevan Howard, signaling growing institutional interest in the crypto sector.
US lawmakers are advancing two major crypto bills despite political divisions. A Democratic representative has reintroduced a blockchain bill to clarify rules for non-custodial crypto service providers and protect developers, even as some left-leaning lawmakers resist crypto legislation due to concerns over Donald Trump's crypto ties. Meanwhile, the GENIUS Act is progressing in the Senate, aiming to regulate stablecoins and encourage institutional adoption. Industry leaders and lawmakers praise the GENIUS Act, predicting it could trigger a multi-trillion dollar crypto boom if enacted.
Hong Kong's legislature has passed a stablecoin bill, establishing a licensing regime for fiat-referenced stablecoin issuers and providing regulatory clarity for upcoming issuers. The move is seen as a significant step toward the issuance and adoption of stablecoins in the region.
SEC Commissioner Hester Peirce stated that many NFTs, even those with creator royalty mechanisms, likely fall outside federal securities laws. This clarification could provide regulatory relief for NFT creators and marketplaces.
Pakistan's Ministry of Finance has reportedly approved the creation of the Pakistan Digital Assets Authority (PDAA), a dedicated body to regulate blockchain-based financial infrastructure in the country.
South Korea is strengthening digital asset transaction regulations as it prepares to open its crypto market to institutional investors. The government will introduce tougher listing standards and new guidelines for nonprofit crypto sales. Starting in June, non-profit organizations and virtual asset exchanges will be allowed to sell their crypto holdings, gaining operational flexibility under these updated rules. These changes aim to balance enhanced oversight with greater market participation.
Michigan legislators have proposed four new bills that would allow Bitcoin pension investments, prohibit state support for CBDCs, and provide tax incentives for crypto mining at oil sites, signaling a comprehensive approach to state-level crypto regulation.
Cointelegraph reported on 21 May that NYU professor Austin Campbell says America’s banking lobby is “panicking” over the disruptive potential of yield-bearing stablecoins—which could threaten traditional banking models—but the outlet took the article down soon after publication.
Banco Industrial, Guatemala's largest bank, has integrated SukuPay's blockchain technology into its mobile app, streamlining cross-border remittance services for locals. This move aims to make receiving international payments easier and more efficient using blockchain infrastructure.
A regulatory filing revealed that almost 70,000 Coinbase users were impacted by a data breach that went undetected for nearly six months, raising concerns over the exchange's security and incident response.
New York prosecutors argue that the FinCEN opinion on Samourai Wallet is irrelevant in the case against Tornado Cash developer Roman Storm, aiming to avoid disclosing evidence that could support Storm's defense.
Jeremy Jordan-Jones, founder of the now-defunct crypto startup Amalgam, has been charged with fraud for allegedly swindling investors out of more than $1 million through a 'sham blockchain' scheme.
Braden Karony, ex-CEO of SafeMoon, was found guilty on all charges of crypto fraud after misappropriating the project's liquidity pool for personal gain while assuring investors it was locked. He faces up to 45 years in prison following the US trial.
Mitroplus Labs reported its founder was abducted in Uganda by men posing as military officers and compelled at gunpoint to transfer $500,000 in crypto from multiple wallets. The incident highlights ongoing security risks in the crypto sector.
The SEC has filed a lawsuit against Unicoin and several executives, alleging they made false and misleading statements, faked a billion-dollar fundraise, and committed a $100 million securities fraud through an alleged asset-backed token scheme.
The digital assets market has evolved from a niche experiment to a global force, with a valuation of $3.05 trillion in May 2025. Crypto is rapidly reshaping finance, commerce, and technology, signaling a tipping point in mainstream adoption.
Industry leaders emphasize that stablecoins are becoming central to the future of money, with 2027 anticipated as a pivotal year for their adoption and influence. Bitwise CIO Matt Hougan highlights a new stablecoin bill as potentially the most significant regulatory development for crypto since spot Bitcoin ETF approval. He suggests this legislation could pave the way for a multi-year bull market. The convergence of rapid stablecoin growth and regulatory progress signals a transformative period for the crypto sector.
The tokenization of real world assets is accelerating, with institutions seeking greater collateral mobility and issuers aiming to make private assets more accessible to retail investors. Crypto enthusiasts are also engaging with this trend, though infrastructure development is ongoing.
While market sentiment often drives volatility, the real strength of crypto lies in ongoing developer activity and innovation, according to Markus Levin, co-founder of XYO. This perspective highlights the importance of fundamentals over price charts during periods of uncertainty.