Ripple Moves Majority of RLUSD Supply to XRP Ledger
Ripple has shifted 57% of RLUSD supply, or $871 million, to the XRP Ledger. The move follows the formal end of the SEC lawsuit in August 2025.
SK Hynix Leveraged ETF Drops 45% After Debut
The Samsung KODEX SK Hynix Single Stock Leverage ETF has fallen about 45% since its late May debut. South Korea’s regulator says the approvals were granted too hastily.
MiCAR Deadline Reshapes EU Crypto Payments Market
The MiCAR transition period has ended, requiring CASP authorization for crypto providers in the EU. Only around 230 firms secured licenses to continue operating across the bloc.
Lawson to Trial Yen Stablecoin Payments at Tokyo Store
Lawson will begin testing JPYC stablecoin payments at a Tokyo convenience store in August. The trial integrates yen-pegged digital currency directly into the POS system.
Hong Kong Bans OTP Logins for Crypto Platforms
Hong Kong’s securities regulator has banned SMS and email one-time password logins for crypto platforms. The move follows a surge in phishing-related cyber incidents.
VI3NNA Declaration 2026 Calls for European Digital Asset Infrastructure
The VI3NNA Declaration 2026 calls for a European digital asset infrastructure and outlines 12 measures. The paper cites stablecoin growth, job losses, and regulatory fragmentation.
Hyperliquid and Phantom Urge CFTC to Clarify DeFi Rules
Hyperliquid and Phantom filed a joint comment urging the CFTC to clarify that DeFi software and non-custodial wallets are not exchanges. The regulator will review responses before deciding on guidance or rulemaking.
Wyden Pushes to Keep Section 604 in Clarity Act Debate
Senator Ron Wyden is pushing to keep Section 604 in the Digital Asset Market Clarity Act. The provision clarifies that non-custodial software developers are not money transmitters solely for publishing code.
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US Judge Approves $1.5M SEC Settlement With Elon Musk
A federal judge approved Elon Musk’s $1.5 million settlement with the SEC over delayed disclosure of his Twitter stake. The case is now formally closed.
Binance Disputes DOJ Memo on US Law Enforcement Cooperation
Binance rejects claims that it will scale back cooperation with US authorities after a reported DOJ memo. The exchange cites a possible misreading of its ADGM licensing obligations.