News linked to both this project and an event.
Although the GENIUS Act and the CLARITY Act are pushing for stablecoin compliance, stablecoins remain essentially "private money" and could introduce structural risks to the financial system.The article points out that stablecoins aim to combine the stability of the US dollar with the payment efficiency of blockchain, but because they operate on fragmented, privatized infrastructure, they lack the uniformity of the traditional dollar system. While USDT and USDC are pegged to the US dollar, their prices can still deviate from $1.Additionally, stablecoin issuers have incentives to boost yields by allocating capital to high-risk, low-liquidity assets. Should the value of these assets decline, it could trigger de-pegging and concentrated redemption risks. Citing Chainalysis data, the article states that stablecoins account for 84% of illicit crypto activity, primarily involving sanctions evasion and money laundering, while their use in real economy payments accounts for less than 1%.The Wall Street Journal argues that stablecoins are essentially repeating the path of the private money experiments seen during the "Free Banking Era" in 19th-century America. In the future, they may need to accept stricter regulation, similar to banks, and require deeper integration into the central banking system. (Wall Street Journal)
According to an official announcement, the blockchain infrastructure protocol project IOTA has named Kenya, Morocco, and Nigeria as the first countries to implement the ADAPT initiative. These three countries were selected through a rigorous evaluation process assessing their political commitment, regulatory readiness, maturity of digital infrastructure, and private-sector engagement. Launched in November 2025, the African Digital Access and Public Infrastructure for Trade (ADAPT) initiative is spearheaded by the African Continental Free Trade Area (AfCFTA) Secretariat and co-developed with the Tony Blair Institute for Global Change, the World Economic Forum, and the IOTA Foundation. ADAPT aims to build shared digital infrastructure for intra-African trade, covering digital identity, cross-border data exchange, and payment interoperability.
Crypto.com has announced that its UAE entity, Foris DAX Middle East FZE, has obtained a Stored Value Facility (SVF) license from the Central Bank of the UAE, becoming the first Virtual Asset Service Provider (VASP) in the region to receive this license.With this license, Crypto.com will officially launch a partnership with the Dubai Department of Finance, allowing UAE residents to use crypto assets to pay for government service fees. Related fund settlements will be conducted in UAE dirhams or dirham-pegged stablecoins approved by the Central Bank of the UAE.Furthermore, upon obtaining regulatory approval, Crypto.com also plans to leverage this license to advance the integration of crypto payments with Emirates Airlines and Dubai Duty Free.
Odaily Odaily PaperImperium, the head of MegaETH, disclosed on X platform that documents from the U.S. District Court for the Southern District of New York show that a U.S. court has issued an injunction against the Arbitrum DAO, prohibiting it from transferring approximately $71 million in ETH assets that were previously frozen during the KelpDAO hacking incident. In response, on-chain detective ZachXBT posted on X platform, stating that certain U.S. law firms are using his investigative work and on-chain forensics to help victims of some hacking incidents file legal claims. However, this practice may actually slow down or hinder victims from receiving compensation or recovering funds.ZachXBT added that in previous hacking incidents involving the Lazarus Group, such law firms often stepped in after on-chain fund tracking or freezing was completed, proposing subsequent legal actions that were weakly related to the crypto incidents themselves. Similar "free-riding claims" strategies were used in events like Harmony and Bybit. He called on the crypto community to establish a DAO to resist such practices.