News linked to this event type.
Coinbase officially stated it is cooperating with the Brooklyn District Attorney's Office in New York to assist in investigating a long-term impersonation scam targeting platform users and supporting victims in recovering funds.According to the Brooklyn District Attorney's Office, a Brooklyn man has been charged with long-term impersonation of Coinbase customer service. Using social engineering tactics, he tricked users into believing their accounts had been compromised and instructed them to transfer funds to a "secure wallet," subsequently moving and stealing the funds. The case involves approximately 100 victims, with the total amount involved nearing $16 million. Over $600,000 has been recovered so far.Coinbase stated that this type of scam does not stem from platform security vulnerabilities but is a social engineering attack exploiting user trust and a sense of urgency. Common methods include identity forgery, impersonating customer service, and creating panic over account risks. The company stated it has cooperated with law enforcement agencies to complete various investigative tasks, including identifying suspects, assisting with victim notifications, providing data support for legal requests, and conducting on-chain fund tracing. It emphasized that blockchain traceability helps law enforcement track the flow of funds.Coinbase also reminded users that the platform will never ask them to transfer funds to a "secure wallet" or request 2FA codes, seed phrases, or password reset links. It recommends that users only contact customer service through official in-app channels. The company will continue to strengthen its anti-fraud mechanisms, user education, and cooperation with law enforcement agencies to address increasingly sophisticated crypto asset fraud activities.
Carlos San Basilio, Chairman of the Spanish securities market regulator (CNMV), stated that no extensions or exemptions will be granted for the transition period for licenses under the EU's Markets in Crypto-Assets Regulation (MiCA). This applies to platforms such as Binance that have not yet obtained MiCA authorization. Unlicensed crypto companies must exit the EU market by the end of June. The CNMV stated that it is communicating with relevant platforms regarding their exit arrangements to ensure an orderly transfer of client assets and protect investor interests. It also reminded investors that, after the transition period ends, new transactions on unauthorized platforms will no longer be protected under the MiCA framework. (Reuters)
According to Cointelegraph, the Australian Securities and Investments Commission (ASIC) announced it has extended the temporary regulatory relief period for digital asset businesses applying for an Australian Financial Services (AFS) license to 30 September 2026—three months beyond the previous deadline of 30 June. This extension also broadens the scope of the relief, now covering digital asset businesses operating via authorized representatives or through intermediary arrangements with licensed firms. ASIC stated that since updating its digital asset regulatory guidance in October 2025, it has received approximately 30 license applications. Notably, this extension is independent of Australia’s Digital Asset Framework, which passed Parliament in April this year and is scheduled to take effect on 9 April 2027. ASIC warned that businesses licensed under the current guidance may still require additional authorizations once the new framework comes into force.
Coinbase Chief Legal Officer Paul Grewal stated that former U.S. Acting Solicitor General Prelogar, representing the Coalition for Prediction Markets, has submitted an amicus brief supporting Kalshi to the U.S. Court of Appeals for the Sixth Circuit, describing it as a “masterpiece.” Paul Grewal pointed out that the document not only outlines the historical background of the Commodity Futures Trading Commission's exclusive regulatory authority over prediction markets but also presents three key arguments:1. Prediction markets can uniquely aggregate market information and convert it into simple price signals, collectively aggregated by market participants.2. Users of prediction markets trade at prices that market participants are willing to accept. They cannot control contract prices and bear the legal obligation to provide users with fair access to contracts.3. The laws of various U.S. states are unsuitable for regulating prediction markets because their core objectives are not to maintain fair markets, price discovery, information aggregation, risk hedging, or prevent market manipulation.
According to market sources: Prediction market platform Polymarket’s annualized revenue has surpassed $1 billion, with daily trading volume soaring from $50 million to $200 million. (Sina Finance)
Odaily, Cardano wallet service provider SecondFi has released an update on the security incident, stating that the team has completed the final balance snapshot of affected user assets. Several rounds of snapshots were continuously recorded during the incident response period to serve as the basis for subsequent asset recovery and reconciliation. SecondFi stated that the engineering and security teams are advancing the asset recovery plan. It is estimated that asset repayment can begin in approximately two weeks — one week allocated for finalizing a viable technical solution and another week for testing and review. The specific timeline may be subject to minor adjustments as progress unfolds. The platform will resume operations only after passing a comprehensive security review. Currently, users only need to submit a support request via the official website's ticketing system, with no additional action required.
the Galaxy Research Director posted on platform X, stating that the Commerce Department has "crossed the Rubicon" in AI policy through a private directive to Anthropic; the government is effectively asserting its ability to ban models, and everyone is tacitly assuming the issue will be resolved, referring to it as "THE LAST MODEL PROBLEM."
According to an official announcement, Hyperliquid stated that it has been added to the Monetary Authority of Singapore’s (MAS) Investor Alert List (IAL). Hyperliquid clarified that inclusion on this list does not constitute a ban, enforcement action, or a determination of misconduct; rather, the list serves primarily to alert the public that certain entities may be mistakenly perceived as licensed, authorized, or regulated by MAS.
According to the UK’s Financial Times, Binance will cease serving certain customers in the European Union starting next week due to its failure to obtain a license under the EU’s Markets in Crypto-Assets Regulation (MiCA), and has already notified customers in Poland, Italy, Spain, and France to withdraw their funds.
Binance CEO Richard Teng announced that Daniel Acosta has been appointed Head of Latin America, where he will lead the region’s strategic initiatives—with a focus on addressing local user needs, engaging with regulators, and advancing cryptocurrency adoption. Binance stated that Latin America remains a key market for cryptocurrency adoption, and under Daniel Acosta’s leadership, the company will further strengthen its business presence and influence in the region.
According to Cointelegraph, the U.S. Commodity Futures Trading Commission (CFTC) is seeking public comment on new data reporting requirements for fully collateralized event contracts. The proposal aims to replace the CFTC’s long-standing fragmented regulatory framework—comprised of multiple “no-action letters.”
Federal Reserve's Williams stated the current monetary policy stance is in a favorable position to bring inflation back to the Fed's 2% target level, while also acknowledging that risks remain in achieving its dual mandate. Williams said: "Given that inflation is at a high level, we must persistently bring it back to the long-term target of 2%. The current monetary policy stance is fully capable of achieving this goal." Williams noted that inflation is "undoubtedly at a high level" and far above the committee's 2% target. He expects inflation data to edge down slightly in the coming quarters, although significant risks remain.
the Ethereum Layer 2 network Base mainnet experienced a "major failure," leading to unstable production of new blocks. According to the Base status page, the issue began around 16:03 UTC.Base resumed operations after approximately two hours of downtime. This failure previously halted block production and transaction processing.The Base team stated that an invalid block triggered the related issue. They are currently investigating the root cause and recommend that node operators restart their nodes. This incident marks another network interruption for Base following its previous downtime in August 2025.
the US Senate is attempting to advance the crypto market structure bill, the "Clarity Act," in July. However, with multiple priority agendas piling up, including the National Defense Authorization Act, the Farm Bill reauthorization, and a housing bill, the time window for the bill's passage is narrowing.The Senate's agenda is packed for the coming weeks. In addition to the annual defense and farm bills, Trump stated on Wednesday that he would not support a major housing bill unless Congress first passes legislation requiring proof of citizenship for federal election voters. The housing bill also includes provisions to ban central bank digital currencies.As lawmakers will leave Washington before the August recess, if the relevant bills fail to advance before then, the political focus will shift to the November election upon their return, further reducing the floor time available for crypto legislation.Republican Senator Cynthia Lummis stated that she expects a new version of the text to be released around July 4th for final review by lawmakers, with a vote pushed forward in July. A Senate aide also noted that the "Clarity Act" will become one of the bipartisan priorities when the Senate returns in July.However, the bill still faces multiple uncertainties, including the level of Democratic support, controversy over Trump's crypto-related conflicts of interest, the priority of other major bills, and the Senate's limited agenda scheduling.
asset management giant Invesco is planning to launch a new money market fund designed for stablecoin reserves. According to a revised filing submitted to the U.S. SEC, Invesco intends to add the "Invesco Stablecoin Reserves Onchain Fund" to its Short-Term Investments Trust product portfolio.The fund has not yet announced its ticker symbol. It will primarily invest in high-quality short-term assets, including U.S. Treasuries, repurchase agreements, and cash equivalents, aiming to maintain a stable net asset value of $1 per share and provide daily liquidity.This product is designed for stablecoin issuers, enabling them to hold compliant reserves within the framework of the GENIUS Act reserve requirements while also generating yield. As of May 31, Invesco managed approximately $2.45 trillion in assets.The fund will also introduce blockchain infrastructure company Superstate as a secondary transfer agent for tokenized shares, recording fund shares on a designated public blockchain that has yet to be disclosed. Recently, several Wall Street institutions, including State Street, have also launched similar products, indicating that traditional asset management giants are accelerating their competition for the stablecoin reserve and tokenized money market fund market.
a federal judge in Boston, Massachusetts, has blocked the implementation of U.S. President Trump’s executive order aimed at tightening mail-in voting regulations, preventing the order from taking effect before the November elections that will determine control of Congress. U.S. District Judge Indira Talwani supported the claims of a coalition of Democratic-led states, which argued that Trump is unlawfully attempting to interfere with state administration of federal elections.The judge noted that the President lacks the authority to compile state voter rolls, and the U.S. Postal Service also has no statutory authorization to establish binding mail-in voting rules. Under the U.S. Constitution, the responsibility for administering federal elections lies with the states. (CCTV)
blockchain IP project Story Protocol has announced its transition into the DATA Foundation, shifting its core focus from general intellectual property (IP) infrastructure to an AI training data network. This move addresses the rapidly growing demand for "licensable and traceable training data."Alongside this transition, the project launched a new product called Trace. As an on-chain AI training data registration and auditing system, Trace generates verifiable on-chain "contribution certificates" for each piece of data. These certificates record the source, licensing terms, user consent, and payment information, helping AI model trainers confirm data compliance and traceability. (The Block)
OKX CEO Star posted on X, stating that OKX began its European expansion in 2018 and has collaborated continuously with regulators and the crypto community over the past eight years, gradually transforming from a technology company into a regulated fintech firm. He emphasized that OKX consistently corrected mistakes and rapidly optimized its operations throughout this evolution. OKX is the world’s first institution to obtain an MiCA license and also holds both a Payment Institution (PI) license and an MiFID license. It now offers euro deposit and withdrawal channels in Europe, zero-fee stablecoin payments powered by the Mastercard network, hundreds of spot trading pairs, and derivatives services covering cryptocurrencies, commodities, and equities.
Kraken's parent company Payward has filed a request with the U.S. federal court, seeking evidence disclosure from multiple U.S. financial institutions related to crypto derivatives company PowerTrade and its co-founders. Kraken stated in the announcement that the requested evidence disclosure will help Payward identify additional assets that can be frozen, ensuring that relevant parties such as PowerTrade cannot continue to cause harm to other industry participants. (CoinDesk)
: OKX CEO Star stated on X that OKX has been operating in Europe since 2018. Over the past eight years, it has continuously collaborated with regulators and the crypto community, gradually transitioning from a technology company to a regulated fintech firm. Star emphasized that the company constantly corrects mistakes and rapidly optimizes during its development. OKX is the first institution globally to obtain the MiCA license, and also holds a Payment Institution (PI) license and a MiFID license. It currently provides Euro fiat on-ramp and off-ramp channels, zero-fee stablecoin payments via the Mastercard network, hundreds of spot trading pairs, and derivatives services covering crypto, commodities, and equities in Europe.On the product front, OKX has built Agentic infrastructure, enabling users to interact with the platform through AI Agents, and is continuously developing new products for the next generation of financial experiences. Star also mentioned that OKX is the first global platform to publish Proof of Reserves (PoR) for over 40 consecutive months, and has its group financial statements audited by a Big Four accounting firm to enhance transparency and financial governance.