News linked to both this project and an event.
Iron Fish stated that the team is investigating the anomalous issuance of wIRON on the Base network and has requested cross-chain bridge provider ChainPort to conduct an emergency review. Until further notice, users should avoid purchasing wIRON on Base or using related cross-chain bridges. Iron Fish warned that wIRON currently cannot be guaranteed to be 1:1 fully backed by assets, and stated that further updates will be released after verifying additional details.
According to CryptoSlate, Microsoft and the cybersecurity organization Health-ISAC have obtained a U.S. court order to seize and redirect the domains supporting three services: YAM Store, CoGUI, and Iron Man. These three services sell stolen accounts and phishing tools to fraudsters. Since January this year, they have assisted in sending over 1 billion phishing messages, targeting more than 75,000 institutions across over 150 countries, generating tens of millions of dollars in revenue for operators. Microsoft has disabled more than 20,000 accounts associated with YAM Store and continues to block over 100,000 spoofing and fraudulent domains. According to Microsoft's investigation, these services accept payments in USDT (Tron network) and ETH, with Cloudflare noting that buyers can also pay using USDC. Blockchain analytics firm TRM Labs assisted investigators in locating and freezing related assets, though the frozen amount was not disclosed.
This issue's futures highlights cover a slight rise in shipping indices, the implementation of coke price cuts, and rising iron ore inventories. It also covers downward revisions to China's soybean production, detailed regulations on sugar import quotas, and Malaysia's edible oil subsidy policy.
According to The Block, Ethena Labs has officially launched the beta version of its self-custody payment app, Ethena Pay, built on Avalanche, which is now available in 48 countries including Brazil, Japan, Singapore, and Kenya. Users can receive funds via IBAN or cryptocurrency, hold balances in USDe, and benefit from fee-free instant global transfers. The app features three membership tiers: Standard (free), Pro (requires locking $2,000 worth of ENA or inviting 10 users), and VIP (requires locking $10,000 worth of ENA or inviting 50 users), offering respective annual yields of 5%, 6%, and 6%, with balance caps of $5,000, $15,000, and $50,000. The Ethena Pay card provides a 4%–5% base cashback (settled in AVAX), while Pro and VIP users enjoy up to 10% exclusive cashback at brands such as Uber, Spotify, and Claude. The backend infrastructure is powered by Iron, a subsidiary of MoonPay. Markets including the United States and the European Union were not part of the initial launch and will be progressively rolled out once regulatory compliance is achieved.
MoonPay, a cryptocurrency payment network, announced that its Iron platform has officially launched virtual account services in New York State, enabling fintech companies, crypto platforms, neobanks, and financial institutions to integrate compliant fiat-to-stablecoin infrastructure. This launch follows MoonPay’s 2025 acquisition of Iron, an enterprise-grade stablecoin infrastructure platform. Users can receive funds via ACH, wire transfer, SWIFT, and other channels, with automatic conversion into stablecoins settled directly into non-custodial wallets. In the same year, MoonPay obtained New York State Department of Financial Services (NYDFS) licenses—including a BitLicense, a money transmitter license, and a limited-purpose trust charter.