Everything web3, crypto, defi, degen
In brief The U.S.’s recently passed stablecoin law has heightened pressure on Europe to accelerate digital euro plans. Deploying on Ethereum or Solana could expand global use of the currency, Decrypt was told. Yet privacy, governance and banking stability remain key concerns for officials. European officials are considering whether to issue the digital euro on…
In brief Interpol’s Operation Serengeti 2.0 resulted in arrests of over 1,200 cybercriminals across 18 African countries and the U.K., with $97.4 million confiscated. Angola dismantled 25 illegal crypto mining centers run by Chinese nationals, seizing $37 million worth of equipment and power stations. Zambian authorities broke up a massive online investment fraud scheme that…
In brief SuiPlay0X1 buyers are facing unexpected import duties on the $599 gaming handheld, some as high as nearly $350. Mysten Labs said that it will not cover the fees for buyers, in part because it sells the device at nearly cost. The firm is temporarily suspending shipments while it gains more information on the…
In brief Federal Reserve Governor Christopher Waller said stablecoins have the potential to improve retail and cross-border payments. He acknowledged some fear and skepticism toward innovation in payments. The Fed is researching tokenization, he said. Using cryptocurrencies to facilitate ordinary payments should be no more intimidating than swiping a debit card, Federal Reserve Governor Christopher…
In brief Japan’s FSA is expected to approve JPYC’s yen-backed stablecoin, making it the first regulated one in the country. Circle’s USDC entered the Japanese market earlier this year in partnership with local firm SBI. JPYC’s CEO has distanced the stablecoin from cryptocurrency, calling it a fiat-linked digital payment method. Japanese fintech firm JPYC is…
In brief On- and off-ramp companies are attractive M&A targets, according to VanEck Ventures’ Juan Lopez. They are increasingly being viewed as valuable touch points for facilitating payments through stablecoins, he said. In the past, they were viewed primarily as a way to fund crypto exchange accounts. Companies that serve as connective tissue between digital…
In brief Taiwan-listed company WiseLink has led a $10 million raise for Top Win International, a Hong Kong-based luxury watch trader and retailer adopting a Bitcoin treasury strategy. The companies say this is the first instance of a Taiwan-listed firm backing a Bitcoin treasury company. Financially, WiseLink is profitable with growing revenue; Top Win is…
In brief Illegal crypto miners in Tajikistan caused $3.52 million in damages in the first half of 2025, the country’s Attorney General said. Authorities in Kazakhstan recently cracked down on crypto miners using illegally sourced energy, pointing to a growing problem in Central Asia. Experts told Decrypt that Central Asia’s combination of cheap costs and…
In brief XRP is a cryptocurrency developed to facilitate efficient cross-border transactions, particularly for financial institutions and payment providers. The XRP Ledger employs a unique consensus protocol called the Ripple Consensus Algorithm to validate transactions. A long-running legal dispute between Ripple Labs and the U.S. SEC over whether sales of XRP constituted a unregistered securities…
In brief Kaia registered four KRW-related trademarks earlier this month; Kakao and Kakao Pay sit on its governance council. Competing bills and an administration framework would set rules on licensing, reserves, equity requirements, interest treatment, and banks’ roles. Foreign exchange controls and planned reporting for cross-border crypto flows could limit early use cases, relative to…
