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Kingdom is a collection of AMMs that each serve as the central liquidity hub for their ecosystems. Combining the secure and battle-tested superiority of Uniswap v3 with a custom incentive engine, dynamic fee engine, vote-lock governance model, and streamlined user experience, the Kingdom DEXs deliver best-in-class capital efficiency.
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Grinex Ceases Operations, Potentially Delivering a Heavy Blow to Russia’s Sanctions-Evasion Shadow Financial System
According to DL News, Russian cryptocurrency exchange Grinex announced last Wednesday that it would cease operations after suffering a cyberattack that resulted in the theft of over 1 billion rubles—approximately $13 million. The report states that Grinex had processed nearly $100 billion in trading volume for the sanctioned stablecoin A7A5 in 2025. Its shutdown is expected to weaken Russian companies’ ability to convert rubles into usable international currencies and deliver a severe blow to Russia’s shadow financial system designed to circumvent sanctions. Grinex was viewed as the successor to Garantex, which had previously been sanctioned and shut down. Both Grinex and Old Vector—the issuer of A7A5—were sanctioned in August 2025 by the United States, the European Union, and the United Kingdom.
The Kingdom of Bhutan may have halted Bitcoin mining activities and shifted to selling electricity to neighboring India.
According to CoinDesk, following the sale of 70% of its Bitcoin holdings, the Kingdom of Bhutan may have halted or slowed down its Bitcoin mining operations—a stark contrast to other major institutions and sovereign nations that are increasing their allocations to cryptocurrencies and gold (El Salvador currently holds over 7,618 BTC). Reportedly, due to economic pressures, Bhutan’s hydropower is now being directed more toward electricity exports to neighboring India rather than Bitcoin mining. Additionally, falling Bitcoin prices, rising network difficulty, and halving-related pressures are all squeezing mining profitability. To date, Druk Holding and Investments—the national sovereign wealth fund managing the Kingdom of Bhutan’s Bitcoin assets—has not issued any public statement regarding the fund transfers or the status of its mining operations.