The U.S. Department of Justice (DOJ) has seized over $225 million in cryptocurrency, marking the largest crypto seizure in U.S. Secret Service history. This action is part of a crackdown on a global fraud network that targeted more than 400 victims through so-called “pig butchering” scams.

The Bank of Korea (BOK) remains cautious about the issuance of a won-pegged stablecoin, even after recent discussions with Circle, the issuer of USD Coin (USDC). While there is growing political and industry interest in launching a stablecoin backed by the Korean won, the central bank has expressed concerns about the potential risks to monetary policy and financial stability.

Visa and Chainlink, in collaboration with major financial institutions like ANZ, ChinaAMC, and Fidelity International, have successfully completed a pilot program that enabled a cross-border swap between Hong Kong’s central bank digital currency (CBDC), the e-HKD, and an Australian dollar stablecoin (A$DC).

Ripple’s stablecoin RLUSD has experienced rapid growth, recently surpassing the$300 million mark in circulating supply—a sixfold increase since its launch in December 2024.

Ethereum's recent Pectra upgrade introduced EIP-7702, a feature designed to enhance wallet functionality by allowing Externally Owned Accounts (EOAs) to temporarily act as smart contracts.

Taiwan-based cryptocurrency exchange BitoPro recently experienced a significant security breach, resulting in the theft of approximately $11.5 million worth of digital assets.

Russian investigators have reportedly seized approximately $8.2 million worth of cryptocurrency from a suspect accused of maintaining servers for Hydra, a notorious darknet marketplace.

In a significant development for the cryptocurrency industry, the U.S. Securities and Exchange Commission (SEC) has voluntarily dismissed its civil lawsuit against Binance, the world's largest cryptocurrency exchange, and its founder Changpeng Zhao.

Bitcoin’s market sentiment is starting to show cautious optimism. One indicator used to assess overall sentiment, the Bitcoin Combined Market Index (BCMI), has recently moved higher in its short-term trend, signaling that some traders are regaining confidence.

Despite Bitcoin maintaining a steady price above $108,000, crypto mining stocks have experienced significant declines.This downturn is attributed to investor concerns following the Federal Reserve's May meeting.

In the fourth quarter of 2024, Abu Dhabi's sovereign wealth fund, Mubadala Investment Company, significantly increased its exposure to Bitcoin by acquiring over 8.2 million shares of BlackRock's iShares Bitcoin Trust (IBIT), valued at approximately $437 million.

Institutional confidence in stablecoins has reached unprecedented levels, with over 50% of the $3 trillion in digital asset transfers processed by Fireblocks involving stablecoins like USDT and USDC.

Robinhood Markets has announced its acquisition of Canadian cryptocurrency firm WonderFi Technologies in an all-cash deal valued at approximately C$250 million (US$178 million).

Tether, the issuer of the widely-used USDT stablecoin, has introduced its gold-backed token, XAU₮, on Maxbit, a cryptocurrency exchange based in Thailand.

A recent promotional event surrounding the Trump-themed cryptocurrency, known as the $TRUMP memecoin, has drawn both attention and criticism.

Franklin Templeton has filed for the Franklin Solana Trust in Delaware.

Bitcoin is once again approaching the highly anticipated $100,000 mark, currently trading around $98,215.61.

XRP's ascent in South Korea, surpassing Bitcoin on Upbit, reflects growing investor favor, boosted by legal wins and utility.

Hong Kong’s ZA Bank now provides reserve bank services for stablecoin issuers, merging traditional banking with digital currency innovation.

Bitcoin ETFs remain controversial due to regulatory uncertainties and volatility risks, challenging investor trust and adoption.