Illuvium's Listing on the Epic Games Store Prompted a Jump in the Price of Its Token

President Donald Trump made a video address at the Digital Asset Summit conference in New York, expressing his desire for the U.S. to become a dominant force in Bitcoin and cryptocurrency. He called for Congress to pass legislation for stablecoins, emphasizing the importance of innovation in the technological revolution.

Pakistan plans to legalize bitcoin and crypto, aiming to attract foreign investment and boost adoption by implementing a regulatory framework aligned with international best practices. The government formed the Pakistan Crypto Council to steer the country's crypto strategy.

Victims have reported having their crypto wallets emptied by scammers distributing malware-infused versions of TradingView Premium via Reddit. The malware steals user data, including passwords and 2FA information, and targets cryptocurrency wallets and browser extensions for two-factor authentication.

The final code commit for BitSNARK, a protocol enabling zero-knowledge verification on Bitcoin, was open-sourced by BitcoinOS developers in London. This move aims to enhance Bitcoin's programmability and enable developers to experiment in new ways without modifying the core protocol.

The hackers behind the $1.4 billion Bybit theft are using various crypto mixers like Wasabi, CryptoMixer, Railgun, and Tornado Cash to launder the stolen funds. Ben Zhou, the exchange's CEO, highlighted the challenge of decoding mixer transactions as more funds enter mixing services.

South Korean authorities raided Bithumb's headquarters over allegations that the former CEO misappropriated $2 million for an apartment deposit, according to a local new report. The Financial Supervisory Service initiated the investigation, which was later taken over by Seoul's prosecutors.

Nigel Green of deVere Group believes that President Trump's tariffs will have lasting effects despite Fed Chair Powell's optimistic projections. Green warns that protectionist trade policies could lead to higher labor costs and fuel wage growth, challenging the idea that inflationary pressures will quickly subside.

Binance's global policy lead has affirmed that it is "far too early" for discussions on whether the crypto exchange "should be in or out of the US.” Binance, the top crypto exchange, withdrew from the US in 2023 due to legal issues, with recent speculation around whether it may be considering a return as the Trump administration relaxes the regulatory environment.

Crypto exchange Bitnomial has dropped its lawsuit against the SEC to launch CFTC-regulated XRP futures contracts, citing improved regulatory clarity. Elsewhere, Ripple Labs' legal battle over XRP's security classification has seen progress, with the SEC abandoning its appeal against the firm, according to CEO Brad Garlinghouse.

Australian authorities, including the Australian Federal Police and Binance Australia, are warning victims about a sophisticated crypto scam impersonating Binance. The scam involves fake messages prompting victims to transfer cryptocurrency to a "trust wallet" controlled by fraudsters. Over 130 potential victims have been alerted in a joint effort to combat the scam.