MAYAChain halts network after estimated $1.7M exploit
A preliminary analysis says six chained bugs let a 23message transaction drain 48.87 million CACAO, sending the token down nearly 89%. Source：Cointelegraph
US accounting board FASB proposes conditions for stablecoins as cash equivalents
The FASB said secondarymarket liquidity alone would not be enough, with holders needing direct issuer redemption rights and onetoone liquid reserves.…
SEC proposes new crypto rules in absence of CLARITY Act
The proposed rules from the US securities regulator would provide companies with a safe harbor from tokens being treated as “investment contracts” and certain…
Ripple- and Coinbase-funded PAC spends $2M in Florida race with little mention of crypto
A Florida representative not running for reelection who voted against the GENIUS and CLARITY Acts has endorsed a Democratic candidate, possibly leading to…
Kraken’s Krak debuts US debit card as Payward broadens financial services push
The multiasset card lets US customers spend crypto and fiat and earn cashback as Kraken’s parent company expands across financial services. Source：Cointelegraph
Federal prosecutors blast ex-Celsius CEO’s motion to vacate as ‘without merit’
Despite already serving a 12year sentence in federal prison, Alex Mashinsky continues to explore legal avenues to vacate his conviction related to activities…
Toyota Finance opens tokenized bonds to retail investors via mobile payment app
Retail investors can apply to buy the 1 billion yen bond without a securities account and receive perks through Toyota’s payment app. Source：Cointelegraph
MoonPay adds Cash App Pay for crypto purchases by US customers
Eligible US users can fund MoonPay crypto purchases with Cash App balances as the payments firm expands beyond its core onramp business. Source：Cointelegraph
Kraken launches US-listed stock trading for EEA customers
Eligible EEA users can trade conventional US shares alongside more than 700 tokenized xStocks through Kraken’s European entity. Source：Cointelegraph
China adds 8 banks to digital yuan network as operator count hits 30
The newly authorized lenders will begin offering eCNY services after completing operational and technical preparations. Source：Cointelegraph
South Korea moves to block Polymarket over gambling concerns
The Korea Media and Communications Commission said Polymarket’s structure and operations amount to illegal gambling despite its noncustodial design and smart…
BitBox patches ‘severe’ wallet flaws that could put funds at risk
BitBox recommended all users update to firmware version 9.26.5 and said it had received no reports of exploitation or fund losses. Source：Cointelegraph