News linked to this event type.
Odaily News A consortium of 12 European banks, led by Qivalis, has selected Fireblocks to provide infrastructure for the joint development of a euro stablecoin compliant with the MiCA regulatory framework. The stablecoin is scheduled to launch in the second half of 2026, pending approval from the Dutch central bank. It will be backed 1:1 by euro reserves and issued as electronic money under Dutch regulation, primarily targeting scenarios such as institutional settlement, fund management, and asset tokenization. Fireblocks will provide support for tokenization, wallets, and compliance tools, including identity verification and sanctions screening features. (Cointelegraph)
According to CoinDesk, custody provider Fireblocks will handle the issuance and distribution of the Qivalis consortium’s euro-pegged stablecoin. The project is expected to launch in the second half of 2026, under supervision by the Dutch Central Bank and in compliance with the EU’s Markets in Crypto-Assets Regulation (MiCA). Qivalis members include 12 European banks, such as BBVA, BNP Paribas, ING, and UniCredit. The report notes that the current stablecoin market size stands at approximately $30.5 billion, of which about 99% consists of U.S. dollar–pegged stablecoins, while euro-pegged stablecoins account for roughly $650 million. Qivalis aims to boost institutional adoption of euro stablecoins through a compliant product.
Odaily News Coin Center released a report stating that cryptocurrency software code constitutes "functional speech" and should be protected under the First Amendment of the U.S. Constitution. The organization argues that writing and publishing code is akin to writing a book or publishing a recipe; developers are "expressers and inventors," not custodians of assets or intermediaries.The report points out that the mere act of publishing and maintaining software should be strictly protected. However, when developers directly control user assets, execute transactions on behalf of users, or make decisions for users, they may enter a realm subject to regulation.This statement comes at a time of increasing regulatory controversy. Coin Center emphasized that developers should not be treated as financial intermediaries for the convenience of law enforcement. It calls for upholding existing free speech principles in the context of new technologies, rather than expanding the boundaries of criminal liability. (Cointelegraph)
Odaily News Ripple has announced a phased roadmap, planning to advance the XRP Ledger towards a quantum-resistant upgrade by 2028. The plan includes formulating a "Quantum-Day" contingency plan to address potential sudden threats from quantum computing and will involve preliminary testing and validation in collaboration with Project Eleven. Ripple stated that this initiative aims to prepare in advance for the transition to post-quantum security, with the entire plan to be implemented in four phases:Phase 1: Q-Day Emergency Preparedness (Initiated). Establish a Quantum Day (Q-Day) emergency response mechanism. If existing classical cryptographic systems are suddenly compromised, the network will immediately stop accepting traditional public key signatures and enforce a mandatory migration to quantum-safe accounts.Phase 2: Risk Assessment & Algorithm Testing (First Half of 2026). Conduct a comprehensive assessment of the impact of post-quantum cryptography on the XRP Ledger's network performance, storage, and bandwidth. Collaborate with Project Eleven to perform validator-level testing and Devnet benchmarking, deploy the NIST-standardized ML-DSA quantum-safe signature scheme, and develop a prototype for a post-quantum custody wallet.Phase 3: Devnet Hybrid Integration (Second Half of 2026). Integrate candidate post-quantum signature schemes in parallel with existing elliptic curve signatures on the Developer Network (Devnet), allowing developers to test performance and system impact without affecting the mainnet. Simultaneously explore post-quantum zero-knowledge proof primitives and homomorphic encryption technologies for Confidential Transfers, to advance the privacy and compliance capabilities for tokenized real-world assets on the XRPL.Phase 4: Mainnet Full Upgrade (Target 2028). Submit a formal protocol Amendment. Upon approval through validator voting, natively enable full post-quantum cryptography on the mainnet. (Cointelegraph)
According to Jayati Ghosh, Professor of Economics at the University of Manchester, writing in the Bangkok Post, the Trump administration has vigorously pushed for deregulation of cryptocurrencies and promoted dollar-pegged stablecoins through the GENIUS Act, while refusing to develop central bank digital currencies (CBDCs). Yet these policies are producing a self-defeating effect: in 2025, illegal cryptocurrency transaction volumes surged over 160% year-on-year, and countries including Russia, Iran, and North Korea are leveraging cryptocurrencies on a large scale to circumvent U.S. economic sanctions. Iran, for instance, has integrated cryptocurrencies into its toll-collection system for the Strait of Hormuz, with estimated daily revenues reaching as high as $36 million; Russia, meanwhile, is using cryptocurrency exchanges to bypass asset-freeze orders and finance military procurement.
According to the official announcement, Layer 1 public blockchain Pharos has unveiled the tokenomics for its native token PROS, with a total supply of 1 billion tokens. The initial supply allocation is as follows: Foundation Treasury (16%), Lab Co. Treasury (9%), Team (20%), Investors (20%), Ecosystem & Community (21%—including 6% for community airdrops: 1% unlocked at TGE and 5% reserved for future community growth and airdrop incentives), and Node & Liquidity Incentives (14%). Core team members and private-sale investors are subject to a 12-month lock-up period followed by a 36-month linear vesting schedule. Certain treasury and incentive allocations extend vesting periods to 48–60 months. PROS serves multiple functions: transaction fees, PoS staking, validator participation, governance, ecosystem incentives, and potential RWA-specific use cases. The staking issuance policy adopts a phased approach: zero inflation during the first six months following mainnet launch; starting in Month 7, annual inflation is set at 5%, subject to dynamic adjustment by the Foundation based on network operational conditions.
According to Crypto Briefing, Nik Storonsky, CEO of Revolut—the largest fintech company in Europe—told David Rubenstein in a recent interview that the company’s IPO is still at least “two years away,” meaning it would not go public before 2028 at the earliest. Prior to its IPO, Revolut will continue offering liquidity to employees and early investors via secondary share sales; a new round of such transactions is reportedly slated for 2026. The company’s latest valuation stands at $75 billion. Meanwhile, Revolut is actively expanding into the U.S. market and has completed its second application for a U.S. banking charter. If approved, it would gain direct access to the Federal Reserve’s payment systems and be able to offer loans and credit cards to U.S. customers.
According to The Block, Thom Tillis, a Republican Senator from North Carolina and a key negotiator on the Senate Banking Committee, stated that the committee does not expect to schedule hearings to revise and vote on the crypto market structure bill within April. The primary legislative disagreement currently centers on how to handle rewards associated with stablecoins: the current draft proposes banning rewards for idle stablecoin accounts while permitting returns generated from trading activity. Banking representatives fear such returns could draw deposits away from traditional banks, whereas crypto firms argue that restricting rewards would stifle innovation. Tillis suggested postponing the committee’s review to May. Previously, Senator Bernie Moreno warned that if the bill fails to pass before May, “digital asset legislation will stall indefinitely.”
Vercel has released an analysis of a security incident, stating that certain internal systems were accessed without authorization. The breach originated from a third-party AI tool, Context.ai, used by an employee, which was compromised. Attackers leveraged this to take over the employee’s Google Workspace account and access some environment configuration data. Preliminary impact assessment indicates that a small number of customers’ environment variables—unmarked as “sensitive” (e.g., API keys, tokens)—may have been exposed. Affected users have been notified and advised to immediately rotate their credentials. At present, there is no evidence that data explicitly marked as “sensitive” or the supply chain (e.g., npm packages) has been tampered with. Vercel notes that the attackers demonstrated a high level of technical sophistication. The company is collaborating with Mandiant and multiple security organizations to investigate the incident and has filed a report with law enforcement. Vercel also confirms that its platform services remain fully operational. Users are advised to enable multi-factor authentication, comprehensively rotate potentially exposed environment variables, and review account activity logs and deployment records to mitigate further risk.
Odaily News Grayscale has updated its ETF application document linked to Hyperliquid, changing the custodian to Anchorage Digital Bank, replacing Coinbase which previously served as the prime broker and custodian.This adjustment has garnered significant attention, as Coinbase has long dominated the crypto ETF custody space. Currently, almost all U.S. spot Bitcoin ETFs (except Fidelity's) rely on its custody services.The filing shows that The Bank of New York Mellon will continue to serve as the transfer agent for this ETF (proposed ticker GHYP). The fund's staking functionality still requires regulatory approval and will utilize CoinDesk's Hyperliquid benchmark pricing data.Furthermore, Anchorage Digital Bank, as the first federally chartered crypto bank in the U.S., has been continuously expanding its institutional service capabilities in recent years, including areas such as stablecoins, wealth management, and token lifecycle management. (The Block)
According to Cointelegraph, Malaysian digital asset exchange Hata has completed an $8 million Series A funding round led by Bybit, with participation from multiple global family offices. Previously, Bybit also participated in Hata’s $4.2 million seed funding round. Hata holds licenses issued by the Securities Commission Malaysia and the Labuan Financial Services Authority, enabling it to provide digital asset trading and custody services in the country.
Odaily According to Bloomberg, as the U.S. Congress considers tightening regulations, the prediction market industry is intensifying its lobbying efforts in Washington to address criticism that it fuels the expansion of gambling and poses risks of potential insider trading.Leading platforms, represented by Kalshi, are joining forces with several crypto and sports betting companies involved in prediction markets to form lobbying teams. Their aim is to influence the legislative process and alleviate regulatory pressure. Industry insiders are concerned that regulatory actions targeting this multi-billion dollar industry may accelerate. (Bloomberg)
According to The Block, Grayscale has filed a revised Hyperliquid ETF application with the U.S. Securities and Exchange Commission (SEC), naming Anchorage Digital Bank as the fund’s custodian in place of Coinbase. Anchorage is the first crypto-native bank to receive a federal banking charter in the U.S. and has recently expanded rapidly into stablecoin services, wealth management, and token lifecycle management—becoming the first institution in the U.S. to support TRON. If approved, the ETF will trade on Nasdaq under the ticker “GHYP”; staking functionality remains subject to regulatory approval.
Odaily News U.S. entrepreneur Elon Musk did not attend a hearing on the 20th where he was summoned to testify by the Paris Public Prosecutor's Office in France. As the owner of the social media platform X, Musk is under investigation for issues on the platform, including the dissemination of child pornography and deepfake content. The Paris Public Prosecutor's Office confirmed to French business news channel BFM TV that Musk and former X CEO Linda Yaccarino were absent from the hearing, stating that "their presence or absence will not hinder the continuation of the investigation work." (Xinhua News Agency)
Odaily News U.S. Senator Thom Tillis is urging the Senate Banking Committee to postpone the deliberation of the crypto market structure bill until May, in order to secure more time for finalizing a regulatory compromise on stablecoins between banks and the crypto industry.This move aims to provide additional negotiation space for key disagreements surrounding stablecoins and to promote the formation of a more feasible regulatory framework. (Cointelegraph)
Odaily News Tether disclosed in a regulatory filing that it holds 1.95 million shares in Antalpha through the company's 2025 initial public offering, representing approximately 8.2% of the post-IPO outstanding shares. Antalpha provides lending and financing solutions for the Bitcoin mining industry and is a key partner of Bitmain. Antalpha listed on Nasdaq in May 2025, raising approximately $49 million with an offering price of $12.80 per share. Tether subscribed to over half of the offered shares, becoming one of the largest investors. Its full-year 2025 revenue increased to nearly $80 million, with net profit rising to $18.5 million. However, its stock price fell over 27% this Monday, trading at around $9.30 per share.
According to Bloomberg, the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) jointly proposed scaling back hedge fund reporting requirements—specifically, eliminating reporting obligations for smaller advisers and raising the Form PF reporting threshold for private fund managers’ assets under management from $150 million to $1 billion. The two regulatory agencies stated that data collected via Form PF would be used confidentially for examinations and investigations of private fund advisers.
According to CoinDesk, KAIO, a regulated tokenization firm based in Abu Dhabi, has announced the completion of an $8 million strategic funding round, with investors including Tether. Combined with its prior funding, KAIO’s total capital raised now stands at $19 million. KAIO primarily provides infrastructure for asset management firms to distribute funds on-chain, enabling products from institutions such as BlackRock, Brevan Howard, and Hamilton Lane to be integrated into blockchain systems. KAIO stated it plans to expand into credit, structured investment products, and ETFs, and intends to launch on-chain funds in partnership with Mubadala Capital. The company reported currently managing approximately $100 million in assets and having processed over $500 million in cumulative transactions.
On-chain investigator ZachXBT questioned Kraken’s due diligence process for listing $M (Memecore) spot trading on July 3, 2025, noting that approximately 7.9 million $M were withdrawn from Kraken to 18 newly created addresses; these addresses collectively now hold roughly 11.7 million $M—valued at approximately $39.8 million at current prices. He also stated that addresses suspected to belong to the Memecore team received 200 million $M during the token generation event (TGE) and transferred 5.3 million $M to Kraken’s deposit address on July 3, 2025.
According to CoinDesk, Coinbase is exploring collaboration with Bybit on tokenization, custody, and global distribution of assets such as U.S.-listed equities and pre-IPO shares. Sources familiar with the matter said negotiations are ongoing and do not involve equity acquisition or similar transactions by Bybit aimed at entering the U.S. market. Separately, reports indicate that Bybit’s plan to enter the U.S. market will be advanced through a new entity led by former Co-CEO Helen Liu, which will bring in an undisclosed local partner to provide licensing and compliance support, while Bybit will supply technology, products, and liquidity.