India Arrests Alleged Kingpin in Myanmar Crypto Cyber-Fraud Trafficking Network

Native Markets won the bid to use the USDH ticker on Hyperliquid's network, pre-minting over $15 million worth of the stablecoin before its launch. The stablecoin is backed by cash and "U.S. treasury equivalents" managed by Bridge, compliant with U.S. and European regulations.

Bastion, a stablecoin infrastructure startup, secured $14.6 million in funding led by Coinbase Ventures. The company offers white-label stablecoin systems for easy digital dollar issuance. With support from Sony, Samsung, a16z, and Hashed, Bastion aims to expand globally.

The audit of the US Strategic Bitcoin Reserve, ordered by Donald Trump, is now 172 days overdue. Despite no announcements from relevant authorities, the US Treasury redirected inquiries to other agencies for information on the audit's status.

Seedify Fund's token bridge infrastructure was exploited by North Korean state-affiliated hackers, resulting in a $1.2 million theft and a 35% drop in SFUND token value. The hackers minted unauthorized tokens and drained liquidity pools across various networks before converting the proceeds on BNB Chain.

Ian Calderon, former California Assembly majority leader, announced his gubernatorial candidacy, vowing to prioritize Bitcoin in state policies. He plans to hold Bitcoin on the state's balance sheet and support crypto payments for programs.

Elliptic, a blockchain analytics firm, has received a strategic investment from HSBC, becoming the only company in the sector backed by four globally systemically important banks. With HSBC's support, Elliptic plans to increase hiring and expand its presence in financial services.

Kraken announced a $2 million donation to a pro-Trump crypto group, emphasizing the fight for digital rights. The company pledged $1 million to the Freedom Fund PAC and increased its commitment to America First Digital.

The divergence between gold and Bitcoin is driven by macroeconomic uncertainty, leading investors to reassess risk appetites. Gold's strength is attributed to sovereign and central bank demand, while Bitcoin is in early institutional adoption stages.

Sam Bankman-Fried's recent "gm" greeting on social media from prison has sparked speculation about its authenticity due to restrictions on inmate social media access. FTT token, once tied to FTX exchange, has seen a surge in trading volume despite losing its core utility.

The Swarm Oracle concept proposes using a collective of autonomous robots to gather real-world data and reach consensus through a Byzantine fault-tolerant protocol, enabling the data to be published on a blockchain for smart contracts to access. The robots host a local permissioned blockchain to store and verify data independently.