Hong Kong's Eastern Magistrates' Court adjourned the JPEX fraud case to June 1 after a March 16 mention. 10 defendants, including influencers Lin Zuo and Chen Yi, face conspiracy to defraud and money laundering charges. One suspect remanded.
Hong Kong-based stablecoin payment firm RedotPay plans a New York IPO aiming to raise over $1 billion at a valuation exceeding $4 billion. The company has hired JPMorgan, Goldman Sachs, and Jefferies as underwriters.
Vitalik Buterin outlines Ethereum's quantum defense roadmap, shifting to STARK verification and hash-based signatures over four years, cutting some verification costs by over 10x and targeting 100TB state storage by 2030.
The US Senate's Banking Committee released the Digital Asset Market Clarity Act of 2026, splitting SEC and CFTC oversight, allowing stablecoin interest, and blocking CBDC monetary policy use. Markup vote set for Jan 15.
The CLARITY Act faces a tighter Senate timetable and heavier banking-industry lobbying, with unresolved disputes over stablecoin yield, ethics, and DeFi provisions pushing a markup decision closer to May.
SecondFi says its recovery plan remains on track after a Cardano wallet exploit drained 16 million ADA. Engineers are testing secure return methods, and a wallet checker tool is due next week.
Elliptic said the $285 million Drift Protocol theft shares blockchain patterns, laundering methods, and technical signals seen in past attacks tied to North Korean actors. Funds moved from Solana across multiple chains, making tracing harder.
A joint Artemis-McKinsey report cited by BVNK shows monthly stablecoin settlements surged from $5 billion to over $30 billion since early 2024, with B2B payments dominating. Near-instant settlement and lower costs drive corporate adoption, while new use cases like tokenized assets and GPU financing emerge.
