News linked to both this project and an event.
According to Odaily, Korean prosecutors have formally requested the court to sentence Jeong Sang-ho, the former CEO of crypto platform Delio, to 20 years in prison, charging him with large-scale economic fraud.During the closing arguments at the Seoul Southern District Court, prosecutors cited the local Act on the Aggravated Punishment of Specific Economic Crimes, accusing the defendant of long-term deliberate deception and false advertising, which resulted in approximately 2,800 investors having their funds locked and facing difficulty with withdrawals. Prosecutors stated that the defendant had clear fraudulent intent, the losses involved were massive, and he subsequently refused to cooperate with the investigation and deliberately shifted blame, continuously exacerbating the losses and hardships of the victims. Therefore, they sought the maximum penalty in accordance with the law. (Cointelegraph)
According to Cointelegraph, Stable Sea, an enterprise treasury management platform, has integrated WisdomTree’s tokenized U.S. Treasury money market fund WTGXX onto its platform, enabling corporate clients to allocate idle funds into the fund to generate returns. As of April 28, WTGXX’s total assets under management stood at $857.6 million, with a daily yield of 3.43%. WTGXX primarily invests in short-term U.S. Treasury securities; its shares are recorded on-chain, supporting faster settlement and automated trading. Stable Sea’s core functionality automatically sweeps corporate cash balances into yield-bearing instruments—and this integration extends that capability to tokenized funds. Clients remain subject to standard compliance review processes. Tokenized money market funds are now accelerating institutional adoption. WisdomTree has received SEC approval for 24/7 trading of WTGXX; Franklin Templeton is collaborating with Binance to promote tokenized fund shares as over-the-counter (OTC) collateral; and Standard Chartered has launched a framework enabling BlackRock’s tokenized Treasury fund to serve as collateral for trading on OKX.
Polymarket is in communication with the U.S. Commodity Futures Trading Commission (CFTC), seeking to reopen its main platform to users in the United States. If approved, this could mean the lifting of restrictions on U.S. users that have been in place since its 2022 settlement with the CFTC.According to the report, Polymarket had already made a limited return to the U.S. market through the regulated QCEX structure. A full return would further intensify the competitive landscape of the U.S. prediction market. (Cointelegraph)
According to Cointelegraph, Aptos recently launched its privacy token, Confidential APT, on the mainnet. Confidential APT is pegged 1:1 to APT and uses zero-knowledge proofs to conceal token balances and transfer amounts, while preserving wallet address visibility and transaction verifiability. Sherry Xiao, founding engineer at Aptos Labs, stated that the token aims to resolve the long-standing tension between blockchain privacy and regulatory transparency, and can mitigate sensitive on-chain information exposure—such as payroll distributions, treasury operations, and trading strategies. From a compliance perspective, enabling audit keys requires approval via on-chain governance voting. The launch of Confidential APT follows a governance proposal that passed with near-unanimous support. Xiao expects individual users to adopt the token more rapidly than enterprises; if the mainnet operates stably for six months and demonstrates strong trading volume, it could help shorten the sales cycle for enterprise adoption.
According to Cointelegraph, Israel’s Authority for Capital Markets, Insurance, and Savings has approved the virtual asset trading platform Bits of Gold to launch BILS, a stablecoin pegged to the Israeli shekel. BILS previously completed a two-year pilot on the Solana blockchain. Per the announcement, BILS reserve assets will be held in designated, segregated accounts within Israel. This initiative is also part of the Israel Tax Authority and Ministry of Finance’s efforts to establish a regulatory framework for the crypto industry, specifically covering certain stablecoin activities.
The Canadian House of Commons has passed the second reading of Bill C-25, which proposes to ban political parties and candidates from accepting cryptocurrency political donations. Introduced on March 26 as part of electoral law reforms, the bill aims to enhance transparency, strengthen enforcement, and reduce the risk of foreign interference. It will proceed to committee review and may still be subject to amendments. No fixed review date has been set yet.Meanwhile, Canada is advancing a regulatory framework for stablecoins and refining rules related to crypto investment funds, custody, and cold storage. (Cointelegraph)
According to Cointelegraph, Vanessa Perrée, France’s National Prosecutor for Organized Crime, stated that French law enforcement has charged at least 88 individuals—including 10 minors—in connection with 12 “crypto heists” targeting cryptocurrency holders; 75 of those charged are currently in pre-trial detention. Such incidents typically involve violent methods—including home invasions and kidnappings—to coerce victims into surrendering assets stored in their crypto wallets. Perrée noted that some suspects are linked to multiple cases, and investigations have uncovered an organized criminal network behind these crimes. Official records from French authorities indicate 18 such cases in 2024, rising to 67 in 2025, and reaching 47 thus far in 2026.
: The U.S. Department of Justice (DOJ) announced that a 22-year-old California man, Evan Tangeman, has been sentenced to 70 months (approximately 5 years and 10 months) in prison, followed by 3 years of supervised release, for his involvement in a criminal organization that stole approximately $263 million in crypto assets through social engineering fraud and home invasions.According to court documents, Tangeman pleaded guilty in December 2025, admitting to helping the criminal network launder at least $3.5 million in illicit funds.The criminal group allegedly used the stolen funds for lavish spending, including multi-million dollar nightclub bills, Lamborghini sports cars, and high-end assets like Rolex watches.U.S. District Attorney for the District of Columbia, Jeanine Pirro, stated in a release that the organization "built a criminal system based on nearly absurd greed," emphasizing that Tangeman not only participated in money laundering but also destroyed evidence after his accomplices were arrested, demonstrating clear criminal intent.This sentencing comes as data shows that the crypto industry suffered $482 million in losses from scams and hacks in the first quarter of 2026, with social engineering fraud and physical violent robberies on the rise. (Cointelegraph)
According to Cointelegraph, Flying Tulip—a decentralized finance platform founded by Andre Cronje—has implemented a withdrawal circuit breaker mechanism. This mechanism delays or queues withdrawals during abnormal capital outflows, thereby limiting potential losses and buying time for the team to investigate. The mechanism operates differently across products: for the Perpetual PUT product, withdrawals may be reverted, requiring users to retry later; for ftUSD, withdrawals are queued and can be claimed after a delay. Flying Tulip states that this mechanism follows a “fail-open” design—meaning transactions continue to execute even if the safety mechanism fails.
According to Cointelegraph, Coinbase Chief Legal Officer Paul Grewal stated that the company has removed the lawsuit filed against it by New York Attorney General Letitia James—regarding its prediction markets business—from state court to federal court, citing a substantial federal legal question concerning the regulation of event contracts. The lawsuit also involves Gemini Titan. New York alleges that the relevant prediction market products violate the state’s gambling laws and seeks penalties, disgorgement of alleged illegal profits, user compensation, and an injunction prohibiting the offering of similar products in New York without compliance with state law.
According to Cointelegraph, bipartisan U.S. lawmakers jointly unveiled the “PACE Act,” which proposes to establish a unified national payment license for fintech and cryptocurrency companies, to be regulated by the Office of the Comptroller of the Currency (OCC).
According to Cointelegraph, Poland’s parliament has yet to pass the domestic legislation aligning with the EU’s Markets in Crypto-Assets (MiCA) regulatory framework, making Poland the last EU member state to complete this legislative process. With the MiCA transition period set to end on July 1, continued delays in enacting the bill could pose greater compliance challenges for local crypto businesses operating in the European market; some companies are already considering relocating to countries such as Latvia and the Czech Republic. Previously, Polish President Karol Nawrocki vetoed the bill twice, citing its overly burdensome regulatory requirements and potential adverse impact on small enterprises.
Odaily News A consortium of 12 European banks, led by Qivalis, has selected Fireblocks to provide infrastructure for the joint development of a euro stablecoin compliant with the MiCA regulatory framework. The stablecoin is scheduled to launch in the second half of 2026, pending approval from the Dutch central bank. It will be backed 1:1 by euro reserves and issued as electronic money under Dutch regulation, primarily targeting scenarios such as institutional settlement, fund management, and asset tokenization. Fireblocks will provide support for tokenization, wallets, and compliance tools, including identity verification and sanctions screening features. (Cointelegraph)
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, Malaysian digital asset exchange Hata has completed an $8 million Series A funding round led by Bybit, with participation from multiple global family offices. Previously, Bybit also participated in Hata’s $4.2 million seed funding round. Hata holds licenses issued by the Securities Commission Malaysia and the Labuan Financial Services Authority, enabling it to provide digital asset trading and custody services in the country.
Odaily News U.S. Senator Thom Tillis is urging the Senate Banking Committee to postpone the deliberation of the crypto market structure bill until May, in order to secure more time for finalizing a regulatory compromise on stablecoins between banks and the crypto industry.This move aims to provide additional negotiation space for key disagreements surrounding stablecoins and to promote the formation of a more feasible regulatory framework. (Cointelegraph)
According to Cointelegraph, the Monetary Authority of Singapore (MAS) has urged banks to strengthen their cybersecurity defenses amid heightened regulatory attention triggered by the spread of Anthropic’s Mythos AI model across Asia.
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, 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.