Another week, another crypto recap. Here are the five stories that mattered most this week, in short and clear form.
US SEC Unleashes New Era of Innovation With All-Republican, Pro-Crypto Commission. The U.S. Securities and Exchange Commission entered a new phase after forming an all-Republican commission seen as more open to crypto innovation. The shift signals a softer regulatory tone and renewed dialogue with the digital asset industry.
49 Crypto Exchanges Under Strict Oversight in India. Indian authorities placed 49 crypto exchanges under tighter regulatory monitoring, reinforcing compliance with anti-money laundering and reporting rules. The move shows India’s intent to control risks without fully banning crypto activity.
Crypto User Loses $50 Million USDT in Address Poisoning Scam. A crypto user lost $50 million in USDT after sending funds to a spoofed wallet address in an address poisoning attack. The case highlights how simple transaction errors can lead to massive losses.
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US to Ban Insider Trading on Prediction Markets. US regulators moved to block insider trading on prediction markets, aiming to protect market integrity. The decision could limit how sensitive political and economic data is used in crypto-linked betting platforms.
Nike Quietly Exits Digital Assets With Sale of RTFKT Unit. Nike sold its digital assets subsidiary RTFKT, marking a quiet exit from the NFT space. The move reflects a broader pullback by major brands from experimental Web3 projects.
Overall, this week showed regulators asserting control while large corporations reassess their crypto exposure, signaling a more cautious phase for the industry.
