21Shares Launches TCAN ETF on Nasdaq, Providing Exposure to Canton Coin

The Central Bank of the United Arab Emirates has approved the country's first USD-backed stablecoin, managed by Universal Digital and regulated by the Financial Services Regulatory Authority of Abu Dhabi Global Market. The USDU token is backed 1:1 by reserves held in safeguarded onshore accounts at Emirates NBD, Mashreq, and Mbank.

The Australian Federal Court fined BPS Financial $14 million for misleading consumers about the usability of its Qoin Wallet token. The court found the company operated without a license and engaged in deceptive conduct regarding the digital asset.

Brave Games, a multi-week "vault heist competition," aims to engage users in Web3 gaming through strategic thinking and social challenges. Players can sign up, choose factions, solve clues, and unlock a digital vault across different platforms.

The SEC's Divisions of Corporation Finance, Trading and Markets, and Investment Management clarified that tokenized securities must adhere to federal securities laws, regardless of being on-chain or off-chain. The statement emphasized that the format of issuance does not alter the application of securities laws.

Gemini introduced a Zcash-themed credit card, joining their Bitcoin, Solana, and XRP cards, offering crypto rewards. Cardholders opting for ZEC rewards for a year saw over 900% appreciation. The Zcash Edition provides up to 4% back in crypto rewards on purchases with no annual fee.

Some members of the crypto industry are distancing themselves from the Trump administration following a fatal shooting in Minneapolis. Bruce Fenton criticized the White House for infringing on civil liberties, while Vitalik Buterin warned about the implications of ICE's actions.

Strive, a financial services company, increased its Bitcoin holdings to over $1.1 billion, becoming one of the top 10 publicly traded holders of the cryptocurrency. The firm acquired 333.89 Bitcoin at an average price of $89,851, paying off 92% of debt from acquiring Semler Scientific.

Tether, the largest stablecoin issuer, has been steadily increasing its gold reserves, aiming to become one of the world's largest gold central banks. With around 140 tons of gold worth $24 billion, Tether plans to continue its gold acquisitions, which are held in a high-security Swiss vault.

Russian crypto regulation, set to be implemented in July 2027, will cap retail investors' annual crypto purchases at $4,000. The central bank will determine which coins investors can buy, with unregistered exchanges facing penalties.

South Korean investors are turning to gold-pegged stablecoins to avoid high taxes on physical gold trading. Crypto trading remains tax-free until 2027, while gold trading incurs a 10% VAT and capital gains tax.