News linked to both this project and an event.
Odaily News Coin Center released a report stating that cryptocurrency software code constitutes "functional speech" and should be protected under the First Amendment of the U.S. Constitution. The organization argues that writing and publishing code is akin to writing a book or publishing a recipe; developers are "expressers and inventors," not custodians of assets or intermediaries.The report points out that the mere act of publishing and maintaining software should be strictly protected. However, when developers directly control user assets, execute transactions on behalf of users, or make decisions for users, they may enter a realm subject to regulation.This statement comes at a time of increasing regulatory controversy. Coin Center emphasized that developers should not be treated as financial intermediaries for the convenience of law enforcement. It calls for upholding existing free speech principles in the context of new technologies, rather than expanding the boundaries of criminal liability. (Cointelegraph)
Odaily News Ripple has announced a phased roadmap, planning to advance the XRP Ledger towards a quantum-resistant upgrade by 2028. The plan includes formulating a "Quantum-Day" contingency plan to address potential sudden threats from quantum computing and will involve preliminary testing and validation in collaboration with Project Eleven. Ripple stated that this initiative aims to prepare in advance for the transition to post-quantum security, with the entire plan to be implemented in four phases:Phase 1: Q-Day Emergency Preparedness (Initiated). Establish a Quantum Day (Q-Day) emergency response mechanism. If existing classical cryptographic systems are suddenly compromised, the network will immediately stop accepting traditional public key signatures and enforce a mandatory migration to quantum-safe accounts.Phase 2: Risk Assessment & Algorithm Testing (First Half of 2026). Conduct a comprehensive assessment of the impact of post-quantum cryptography on the XRP Ledger's network performance, storage, and bandwidth. Collaborate with Project Eleven to perform validator-level testing and Devnet benchmarking, deploy the NIST-standardized ML-DSA quantum-safe signature scheme, and develop a prototype for a post-quantum custody wallet.Phase 3: Devnet Hybrid Integration (Second Half of 2026). Integrate candidate post-quantum signature schemes in parallel with existing elliptic curve signatures on the Developer Network (Devnet), allowing developers to test performance and system impact without affecting the mainnet. Simultaneously explore post-quantum zero-knowledge proof primitives and homomorphic encryption technologies for Confidential Transfers, to advance the privacy and compliance capabilities for tokenized real-world assets on the XRPL.Phase 4: Mainnet Full Upgrade (Target 2028). Submit a formal protocol Amendment. Upon approval through validator voting, natively enable full post-quantum cryptography on the mainnet. (Cointelegraph)
According to Cointelegraph, Poland’s parliament failed again on Friday to override President Karol Nawrocki’s veto of the cryptocurrency regulation bill, with 243 votes against and 191 in favor—falling short of the required 263 votes. The bill aims to align Poland with the EU’s Markets in Crypto-Assets (MiCA) regulatory framework; however, Poland remains the only EU member state yet to implement MiCA. The president rejected the bill citing excessive regulation, insufficient transparency, and undue burdens on small and medium-sized enterprises (SMEs), while the finance minister warned that regulatory inaction would turn the market into a “haven for fraudsters.” Additionally, Poland’s largest cryptocurrency exchange, Zonda, has become embroiled in political controversy: Prime Minister Donald Tusk accused it of links to Russian criminal networks. Zonda’s CEO denied the allegations and stated the company would pursue legal action.
According to Cointelegraph, X’s newly launched Cashtags feature—introduced this Tuesday—has generated approximately $1 billion in trading volume within two days. The feature allows users to select specific assets or contract addresses when posting; clicking the tag displays real-time price charts and related posts. Currently, Cashtags is available exclusively to iPhone users in the U.S. and Canada. Canadian online brokerage Wealthsimple has already integrated the feature, enabling users to jump directly to its trading platform; however, no U.S.-based brokerages have yet connected. Additionally, X’s peer-to-peer payment system, X Money, is also under development and plans to offer features including interest-bearing accounts and cashback debit cards. X Money has already secured money transmission licenses in over 40 U.S. states. These initiatives form part of Elon Musk’s strategic vision to transform X into a “super app.”
According to Cointelegraph, Tempo—a payment-focused Layer-1 public blockchain backed by Stripe and Paradigm—recently launched its new “Zones” feature, enabling enterprises to conduct stablecoin transactions within permissioned environments while maintaining interoperability with public-chain liquidity. This functionality is primarily targeted at use cases such as payroll distribution, fund management, and B2B settlements. However, the feature has drawn criticism from industry observers due to its operator-centric design. Each Zone is controlled by a single operator who can view all transaction data and has the authority to suspend users’ transfer or withdrawal privileges in accordance with compliance requirements. Critics argue that this introduces a trust assumption akin to that of centralized exchanges, thereby deviating from blockchain’s core trustless principle.
According to Cointelegraph, stablecoin issuer Circle faces a class-action lawsuit in the U.S. District Court for the District of Massachusetts for failing to freeze stolen funds during the Drift Protocol hack on April 1. Plaintiffs allege that attackers transferred approximately $230 million worth of USDC from Solana to Ethereum via Circle’s cross-chain transfer protocol (CCTP) within hours—and that Circle failed to intervene. The lawsuit accuses Circle of aiding and abetting conversion and of negligence. Cryptocurrency analytics firm Elliptic previously suspected the attack may be linked to North Korea–backed hackers; the stolen funds were subsequently converted into ETH and laundered through Tornado Cash.
According to Cointelegraph, Polish cryptocurrency exchange Zonda is mired in a withdrawal crisis. Current CEO Przemysław Kral released a video statement disclosing for the first time a cold wallet address holding approximately 4,503 BTC (currently valued at roughly $334 million), stating that the private key for this wallet was never transferred during the company’s leadership transition. Kral explained that the private key should have been handed over by Zonda’s founder and former CEO, Sylwester Suszek—but Suszek has been missing since March 2022. Kral denied allegations of fund misappropriation, asserting that Suszek’s disappearance itself proves his innocence. Earlier, blockchain platform Recoveris published an analytical report indicating a sharp decline in Zonda’s hot wallet balances—suggesting insolvency—and triggering a wave of withdrawal requests. Zonda typically processes around 100,000 withdrawals annually, yet received over 25,000 such requests within just a few hours around April 6. Kral stated that the company will pursue legal action against these false accusations and reaffirmed its commitment to fulfilling its financial obligations to customers.
According to Cointelegraph, Ukraine’s National Police and Ministry of Internal Affairs conducted a joint operation in the Zakarpattia region, arresting a suspect allegedly involved in an international cybercrime syndicate responsible for over $100 million in fraud and money laundering targeting the United States and Europe. The syndicate had previously been placed on the FBI’s international wanted list. At the time of arrest, the suspect was in possession of forged identity documents and had even fabricated a death certificate to conceal his whereabouts. The syndicate deployed malware to steal personal and corporate data, then extorted victims for ransom payments. Money laundering methods included purchasing real estate and masking fund flows through relatives’ names. Authorities seized approximately $11 million in assets, including cash, real estate, vehicles, and roughly $3 million worth of cryptocurrency. Two additional suspects were also apprehended. The arrested individual now faces charges of document forgery and money laundering.
According to Cointelegraph, Fireblocks, an enterprise-grade digital asset infrastructure platform, has launched a new feature called Earn, enabling institutional clients to allocate stablecoin balances into on-chain lending strategies supported by Aave and Morpho to improve the efficiency of idle capital utilization. The product’s initial integrations include the Morpho vaults curated by Sentora and the Aave stablecoin lending markets, and it is now available to Fireblocks customers via Early Access. Fireblocks notes that yields are generated by the underlying protocols and are variable—not guaranteed—and may be zero. Data shows that Aave and Morpho are currently the two largest decentralized lending protocols by total value locked (TVL).
According to Cointelegraph, Denmark’s central bank, Danmarks Nationalbank, published a staff paper stating that only 4% of Danish citizens hold cryptocurrency—a figure unchanged since 2023 and lower than that of other European countries such as Norway, Finland, and the UK, where ownership exceeds 10%. The survey found that most holders own less than 10,000 Danish kroner (DKK) in crypto assets, with total holdings estimated between $317 million and $847 million. The report attributes the limited adoption of cryptocurrency in Denmark to the central bank’s long-standing cautious stance, tax-related considerations, and concerns about risk. Crypto holders are predominantly young and high-income individuals, and the primary use case remains investment rather than payments.
According to Cointelegraph, publicly listed AI cloud infrastructure company CoreWeave announced a $6 billion agreement with quantitative trading firm Jane Street to provide AI cloud computing services across multiple data centers, supporting Jane Street’s trading and research operations. Per the announcement, Jane Street also purchased $1 billion worth of CoreWeave’s Class A common stock at $109 per share. CoreWeave transitioned from a cryptocurrency mining business to an AI cloud computing infrastructure company as early as 2019 and has since established itself as a leader in the “new cloud computing” space.
Odaily News The UK Financial Conduct Authority (FCA) has announced that it is seeking industry feedback on guidance for the UK's future crypto asset regulatory regime, aiming to advance the implementation of a comprehensive regulatory framework set to take effect on October 25, 2027.According to the announcement, this consultation round will last until June 3, 2026, and aims to help businesses understand the impact of the new rules on their operations, while providing compliance guidance for key areas such as stablecoin issuance, crypto trading, custody, and staking. The FCA stated its intention to establish a "competitive and sustainable" crypto market, enabling compliant firms to better serve UK users.The FCA also disclosed that the relevant crypto firm authorization application channel is expected to open in September 2026 and remain open until February 2027. All institutions providing crypto asset services will in the future need to obtain authorization under the Financial Services and Markets Act (FSMA), and those previously registered under the anti-money laundering framework will not be automatically exempt. This guidance consultation is seen as a significant step in the UK's gradual improvement of its crypto regulatory system, marking an acceleration in its transition from partial regulation to a comprehensive licensing regime. (Cointelegraph)
According to Cointelegraph, Crypto.com has reached a definitive agreement with online casino company High Roller Technologies to officially enter the prediction markets sector. This partnership will enable Crypto.com to offer event-based prediction market services to U.S. users via the CFTC-registered CDNA exchange. High Roller stated that the collaboration establishes a strong foundation for both parties in the prediction markets space. Analysts project that the prediction markets sector could reach $1 trillion by 2030, driven by growing demand for contracts tied to economic, business, and political events. Following the announcement, High Roller’s stock (ROLR) on the New York Stock Exchange doubled to $10.77. Prediction markets continue to face legal challenges in multiple jurisdictions, while relevant authorities are actively advancing regulatory compliance efforts.
According to Cointelegraph, blockchain lending platform Figure Technology and its on-chain credit platform Hastra have officially integrated auto loans into their tokenized credit market, further expanding the range of real-world assets (RWAs) accessible to decentralized finance (DeFi) investors. Democratized Prime—the decentralized lending marketplace operated by Figure Markets—has launched auto finance as a new asset class for the first time. Hastra has also announced its expansion to Ethereum Virtual Machine (EVM)-compatible chains, with plans to roll out auto loan products first on Solana and then on Ethereum in June. According to Michael Tannenbaum, CEO of Figure, the platform has generated over $22 billion in on-chain loans to date. Analysts view Figure’s tokenized lending business as experiencing significant growth and have assigned it an “outperform” rating with a $67 price target.
According to Cointelegraph, Nikita Bier, X’s Head of Product, previously posted a hint suggesting the platform may launch a product aimed at “fixing the crypto industry,” sparking widespread market attention and speculation. The market generally believes this crypto-related product will tie into X’s broader financial ecosystem strategy and is expected to involve the upcoming payment and digital wallet product, X Money—potentially incorporating Bitcoin payments, collaboration with the Solana ecosystem, stablecoin applications, and prediction markets, among other integrations. As of now, X has not issued an official statement regarding these plans. Elon Musk previously stated that the early public version of X Money will launch in April.
According to Cointelegraph, the blockchain payment network XRP Ledger (XRPL) has partnered with zero-knowledge infrastructure provider Boundless to integrate its zero-knowledge technology into the underlying network, aiming to enable confidential and compliant on-chain transactions for banks and asset management firms. Shiv Shankar, CEO of Boundless, stated that the solution protects sensitive information—including transaction size, frequency, and counterparty details—through selective disclosure and role-based access control, while ensuring regulatory authorities can audit related activities. This integration is expected to drive adoption across multiple institutional use cases on public blockchains, including cross-border corporate payments, treasury management, over-the-counter (OTC) trading, tokenized asset issuance, and decentralized finance (DeFi). Industry observers believe that striking a balance between privacy and compliance is becoming a key factor in driving institutional adoption of public blockchains.
According to Cointelegraph, Hacken, a blockchain security firm, released its Q1 2026 report revealing that Web3 projects suffered $464.5 million in losses due to hacking and scams during the quarter. Phishing and social engineering attacks accounted for $306 million—making them the primary source of losses. A hardware wallet scam in January alone caused $282 million in losses, representing 81% of the quarter’s total losses. Smart contract vulnerabilities led to $86.2 million in losses, while failures in access control—including compromised private keys and cloud services—resulted in $71.9 million in losses. The report notes that the largest security incidents predominantly occurred in off-chain operations and infrastructure layers—areas typically beyond the scope of traditional audits. Europe’s regulatory frameworks, MiCA and DORA, are increasingly imposing stricter requirements on security monitoring and incident response, and global regulators are also raising standards for real-time monitoring and emergency response.
According to Cointelegraph, researchers from the University of California recently revealed security risks in certain third-party AI large language model (LLM) routers that could lead to the theft of cryptocurrency assets. The study found that LLM routers—acting as API intermediaries—can read plaintext information; some routers were discovered injecting malicious code and stealing credentials. The research team tested 28 paid and 400 free routers, identifying nine routers that actively injected malicious code, two that deployed trigger-avoidance mechanisms, and 17 that accessed Amazon Web Services (AWS) credentials. One router even transferred ETH using the researchers’ Ethereum private key. The study notes that malicious behavior by routers is difficult to detect, and the “YOLO mode” present in some AI agent frameworks—which automatically executes commands—further increases security risks. Researchers recommend that developers avoid transmitting private keys or mnemonic phrases through AI agents and urge AI companies to implement cryptographic signing of responses to enhance security.
According to Cointelegraph, the European Central Bank (ECB) has endorsed the EU’s proposal to transfer financial market regulation—including oversight of crypto-asset service providers (CASPs)—from national regulatory authorities to a centralized EU-level regulator.
According to Cointelegraph, the joint U.S., U.K., and Canadian law enforcement operation “Operation Atlantic” concluded in March this year, led by the U.K.’s National Crime Agency (NCA). The operation froze over $12 million in assets suspected to be proceeds of fraud, identified more than 20,000 victims, and involved total fraud losses exceeding $45 million. The operation focused on authorized phishing attacks—a scam technique that tricks users into signing malicious authorizations, thereby granting attackers permission to transfer tokens from their wallets. Binance participated in the operation, providing account screening and fraud intelligence support; however, no funds were frozen from its platform.