Charles Schwab Plans to Introduce Prediction Markets With Cboe for Wagering on the S&P 500's Performance: WSJ

World Liberty Financial's governance token, WLFI, faced a 14% drop to $0.08, with its market cap decreasing by $427 million to $2.58 billion. The project defended $150 million in stablecoin loans amid concerns about liquidity and debt repayment.

Tensions between BitTensor's founder and Covenant AI have caused TAO to plummet 18.5% in 24 hours. Covenant AI accused Jacob Steeves of centralized control, while Steeves denied the claims, leading to the firm's departure from the network.

Binance has offered its UAE staff the option to relocate to various Asian cities due to regional tensions, allowing flexibility and support during uncertain times. Despite the conflict, many employees have chosen to remain in the UAE, where Binance's operations continue as usual.

Hong Kong granted stablecoin issuer licenses to HSBC and Anchorpoint Financial, led by Standard Chartered. The HKMA approved the licenses under the Stablecoins Ordinance, effective since August 2025, to promote regulated stablecoins for financial and economic activities.

Japan's cabinet has approved a draft amendment to classify cryptocurrencies as financial products under the Financial Instruments and Exchange Act, a shift from treating them as payment tools. The proposed rules aim to enhance market fairness, transparency, and investor protection by banning insider trading and increasing penalties.

Nakamoto, a Bitcoin treasury firm, plans a reverse stock split to boost its share price on Nasdaq, aiming to comply with the $1 minimum bid requirement. The company recently sold 5% of its Bitcoin holdings for liquidity management, following a significant drop in share price.

Quantum computing's potential threat to blockchain security has sparked discussions, with XRP Ledger being considered better positioned than Bitcoin due to its key rotation feature and quantum-safe accounts. XRP's architecture and escrow feature provide additional defenses against quantum risks.

OKX Ventures and HashKey Capital are investing in Vietnam Prosperity Crypto Asset Exchange (CAEX) to meet the minimum capital requirement for the government's pilot program on regulated crypto trading. The partnership aims to support infrastructure, security, compliance, and liquidity for the exchange within the VPBank ecosystem.

Coinbase, Binance, the U.S. Secret Service, and the U.K.'s NCA collaborated to freeze $12 million in stolen crypto funds from over 20,000 victims of approval phishing fraud. The operation, named "Operation Atlantic," disrupted multiple fraud networks and safeguarded thousands of victims.

Bank of America's report highlights the growth of prediction markets in the U.S., with Kalshi leading in volume increase. The market is shifting due to legal disputes and regulatory clarity, with platforms like Polymarket and Crypto.com facing challenges.