US SEC Blocks $1B Solana DeFi Project, S-3 Filing Withdrawn
The SEC blocked DeFi Development’s $1B Solana investment filing due to missing internal controls documentation. The company plans to refile after addressing SEC requirements, maintaining its Solana-focused strategy.
GENIUS Act Nears Approval as Stablecoin Market Could Hit $2T
The US Senate is nearing approval of the GENIUS Act, a major crypto law regulating stablecoins. The bill has bipartisan support and could bring clarity to the $218B stablecoin market, potentially allowing non-financial firms to issue stablecoins.
Central Bank of Brazil Hints at Credit-Focused CBDC Pilot Phase – Crypto News Bitcoin News
The Central Bank of Brazil plans a CBDC pilot phase focused on credit solutions, using tokenization to enhance collateral visibility and streamline onchain credit processes.
Jack Ma’s Ant International eyes stablecoin licenses in Singapore, Hong Kong
Ant International, a Jack Ma-backed fintech firm, plans to apply for stablecoin licenses in Singapore and Hong Kong, aiming to use them for cross-border payments and treasury management services.
Ant International To Launch Stablecoin in HK, Singapore
Ant International, the overseas arm of China’s Ant Group, plans to launch a stablecoin in Hong Kong and Singapore, leveraging its blockchain platform Whale to enhance cross-border payments and treasury services.
Bitcoin is booming in Kenya’s largest slum – Here’s why
Bitcoin adoption is growing in Kenya’s Kibera slum due to its safety, low cost, and speed. However, a proposed 3% crypto tax could hinder this progress, potentially driving users to P2P platforms.
$124M Crypto Laundering Scheme Exposed in Australia—Authorities Charge Four – Legal Bitcoin News
Australian authorities charged four individuals in a $124M crypto laundering scheme, freezing $13.7M. A security firm allegedly converted cash to cryptocurrency to hide illicit funds.
Philippines Enacts Sweeping Crypto Rules, Mandates Licensing and Capital Requirements – Decrypt
The Philippines has enacted strict crypto regulations requiring licensing, ₱100M capital, physical offices, asset disclosures, and local data storage. Experts see short-term challenges but long-term adoption benefits.
Syrians to Gain Full Access to Binance Products, Services
Binance resumes full crypto services for Syrians after US sanctions ease under General License 25, offering trading, staking, and educational support to 270M+ users.
US Senators Probe Stablecoin Plans by Facebook Parent Meta – Decrypt
US Senators Warren and Blumenthal demand details from Meta about its stablecoin plans, citing risks to competition, financial privacy, and economic power consolidation.
