Issuer of First U.S. Spot XRP ETF Files for New MOG Fund

South Korea's government and ruling party have reportedly agreed to cap major shareholders in cryptocurrency exchanges at 20%, with narrow exceptions for newly established platforms. The move is pitched as a way to limit concentration of control and reduce systemic risk.

Polymarket shut down a market on nuclear detonation after public outcry and regulatory scrutiny. The move follows insider trading allegations and a wave of foreign bans putting the platform under pressure.

Morgan Stanley has named Coinbase and BNY Mellon to custody and administer its proposed Bitcoin Trust; BNY Mellon will act as administrator, transfer agent and cash custodian. The move pairs a major bank with a leading crypto custodian as Morgan Stanley advances a spot-Bitcoin offering for clients.

Kraken is the first digital-asset firm granted direct access to the Federal Reserve’s primary payments system, enabling direct USD settlement and faster bank-grade transfers. The move marks a milestone in institutional integration and could reduce settlement friction for crypto markets.

Russian authorities are considering legalizing payments with fiat‑pegged stablecoins while moving to prohibit traditional cryptocurrencies for payment use. Stablecoin transactions could be governed by a dedicated legal framework to follow broader crypto legislation.