News linked to both this project and an event.
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, the UK’s Liberal Democrats have written to the Financial Conduct Authority (FCA) requesting an investigation into Nigel Farage—the leader of Reform UK—and his ties to the bitcoin company Stack BTC. The party questions whether Farage’s appearance in the company’s promotional video, while holding shares in Stack BTC, violates market rules and constitutes a conflict of interest. Stack BTC recently disclosed that it purchased 37 bitcoins—valued at approximately $2.7 million—as corporate reserves; Farage holds a 6.31% stake in Stack BTC through his media company. This incident comes as the UK government advances a proposal to ban cryptocurrency political donations, aiming to prevent external funding from interfering with elections. The FCA stated it will review the letter and respond accordingly.
According to Cointelegraph, South Korea’s Financial Supervisory Service (FSS) stated that API-based cryptocurrency trading currently accounts for approximately 30% of market buy/sell volume. The FSS noted that some traders are using automated tools to inflate trading volumes and manipulate prices—for example, by repeatedly submitting small orders to create a false impression of market activity or placing high-limit buy orders to artificially boost prices. The regulator announced it would launch a targeted investigation into accounts suspected of abnormal API trading and urged investors to remain vigilant toward assets exhibiting sudden, unexplained spikes in price and trading volume. Previously, South Korea mandated that exchanges reconcile asset balances every five minutes and has been continuously tightening anti-fraud regulations; however, certain regulatory measures remain constrained by an incomplete legal framework.
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, Denis Beau, First Deputy Governor of the Bank of France, stated at the EUROFI High-Level Seminar that the Bank of France is advocating for the European Union to strengthen payment restrictions under the Markets in Crypto-Assets Regulation (MiCA) on non-euro stablecoins—particularly U.S. dollar–pegged stablecoins. Beau noted that existing regulatory measures may be insufficient to address the risks posed by widespread stablecoin adoption. Meanwhile, on April 7, the French National Assembly passed an anti-fraud bill that would require annual reporting of self-custodied crypto wallets with a value exceeding €5,000; however, the bill has not yet completed the legislative process.
According to Cointelegraph, U.S. Treasury Secretary Scott Bessent published an op-ed in The Wall Street Journal urging Congress to swiftly pass the Crypto Asset Market and Regulatory Clarity Act (CLARITY Act) to clarify regulatory rules for cryptocurrencies, tokenized assets, and decentralized exchanges. He warned that the global cryptocurrency market has reached $3 trillion, challenging America’s leadership in financial innovation, and stressed that with limited time remaining on the Senate’s legislative calendar, delaying action is not an option. The bill passed the House of Representatives in July 2025 but has remained stalled in the Senate over disagreements regarding how to regulate stablecoin yield. A report by the White House Council of Economic Advisers found that banning stablecoin yield would have a negligible impact on bank lending—increasing it by only about $2.1 billion—while costing users approximately $800 million annually in lost welfare. Additionally, under the GENIUS Act, the Treasury Department has proposed new rules requiring stablecoin issuers to establish anti-money laundering (AML) compliance programs and granting them authority to freeze or intercept specific transactions.
According to Cointelegraph, the Dubai Virtual Assets Regulatory Authority (VARA) released its Virtual Asset Issuance Guidance on Thursday, establishing clear requirements for the structural design, disclosure, and distribution of stablecoins and tokenized real-world assets (RWAs). The guidance categorizes token issuances into three pathways: Category 1 covers fiat- and asset-backed virtual assets; Category 2 requires distribution through licensed intermediaries, which are responsible for conducting due diligence and ongoing compliance verification; and Category 3 comprises functionally limited exempt virtual assets. Ruben Bombardi, VARA’s General Counsel, stated that the framework enhances transparency through whitepapers and independent risk disclosure statements, providing issuers with “greater regulatory certainty” and market participants with a “single, dedicated reference point.” This guidance serves as an interpretive document clarifying VARA’s existing Virtual Asset Issuance Rules Handbook—not as newly enacted legislation.
According to Cointelegraph, blockchain analytics firm Chainalysis released a report stating that stablecoin-adjusted transaction volume is projected to reach $719 trillion by 2035—marking a substantial increase from $28 trillion in 2025. If two major macro catalysts align, this figure could double further to $15 trillion, surpassing the current annual global cross-border payment volume of approximately $10 trillion. The two catalysts are: (1) the transfer of over $100 trillion in wealth from the Baby Boomer generation to younger, crypto-native generations; and (2) stablecoins fully replacing traditional payment rails as the default payment infrastructure. Rachael Lucas, an analyst at Australian crypto exchange BTC Markets, noted that strategic moves—including Stripe’s acquisition of Bridge and Mastercard’s partnership with BVNK—are concrete steps forward. Coupled with regulatory clarity provided by the GENIUS Act, institutional participation is expected to expand significantly.