Rakuten Pay's 44 Million Users in Japan Can Now Use XRP

Dogecoin, the eighth-largest cryptocurrency by market cap, surged 6% to over $0.23 in the last 24 hours, outpacing Bitcoin's 4% rise. The SEC's delay on a DOGE-based ETF proposal by Grayscale may have contributed to the altcoin's recent gains.

Coinbase reported a data breach affecting over 69,000 users, with 217 from Maine, involving sensitive information accessed by cyber criminals. The breach was discovered in May, months after abnormal behavior was noticed among customer service representatives.

Bitcoin reached a new all-time high above $109,000, driven by recent positive market conditions and increased institutional interest. The cryptocurrency has surged nearly 25% in the last month, with growing optimism about its long-term potential as a macro asset.

VanEck plans to launch the PurposeBuilt fund focusing on Avalanche, managed by the Digital Assets Alpha Fund. The fund will invest in liquid tokens and projects across various sectors, with a long-term outcomes strategy.

Festo Ivaibi, founder of Mitroplus Labs, was abducted in Uganda by armed individuals posing as security operatives, who forced him to transfer $500,000 in crypto to their controlled wallet. The incident is part of a series of coordinated attacks targeting crypto holders.

A recent data breach at crypto exchange Coinbase affected 69,461 customers, according to a filing with the Office of Maine's Attorney General. Exposed data included names, dates of birth, and masked bank account numbers, though access to funds was not affected. The breach involved overseas support staff accessing customer data, prompting concerns about potential social engineering attacks.

The Iowa Supreme Court ruled that money deposited into a Bitcoin Depot ATM as part of scams must be returned to the company, not the victims, due to a contract between the victims and Bitcoin Depot. The victims were coerced into transferring Bitcoin worth $14,000 in separate incidents, leading to a legal battle.

Crypto.com has secured a MiFID licence, allowing the exchange to offer a variety of financial instruments, including securities, across Europe. This acquisition follows their previous MiCA licence, expanding their product offerings in the EEA.

In a recent speech, SEC Commissioner Hester Peirce stated that NFTs with royalty mechanisms may not be considered securities under federal laws. She clarified that NFTs allowing creators to earn resale revenue do not automatically qualify as securities, as they function similarly to streaming platforms compensating artists.

South Korea's Financial Services Commission (FSC) will allow nonprofits and crypto exchanges to sell their crypto holdings starting in June, following new rules to enhance oversight and operational flexibility. Nonprofits must meet strict conditions, including audited operations and vetting donations, while exchanges can only sell to raise capital with daily limits.