⚖️ Russia passes crypto law with $3,800 retail cap
Russia's State Duma has passed a landmark cryptocurrency bill that creates a two-tier framework: restricted access for retail investors and an open lane for corporate cross-border trade.
Retail investors classified as "non-qualified" face a 300,000-ruble (~$3,800) annual purchase limit on crypto assets including Bitcoin, Ethereum, and USDT, accessible only through licensed intermediaries. Qualified investors face no such cap. Crucially, the law carves out unlimited crypto usage for companies settling international trade — a mechanism widely seen as a tool for bypassing Western sanctions.
The legislation formalizes a split approach: ordinary Russians gain limited, regulated exposure to digital assets, while Russian businesses gain broad crypto rails for cross-border settlements outside the traditional financial system.
Galaxy Digital has launched a Bitcoin Quantum Readiness Initiative, committing up to $5 million to prepare the Bitcoin network against the threat posed by advanced quantum computers.
The effort comes as researchers, major exchanges, and the U.S. government warn that "Q-Day" — the point at which quantum machines could break current cryptographic protections — may arrive as soon as 2030. Analysts estimate that approximately 35% of the current BTC supply could be at risk if quantum computing reaches that threshold before Bitcoin's cryptography is upgraded.
With nation-states and tech giants accelerating quantum research, the window for Bitcoin to adopt post-quantum cryptographic standards is narrowing — making industry-led initiatives like this increasingly relevant to the network's long-term security.
🔐 Wanchain Bridge Exploit Drains 515M NIGHT Tokens Worth $9M
A cross-bridge exploit hit the Wanchain Cardano-to-BNB bridge, draining 515.2 million NIGHT tokens — the native token of Cardano's privacy-focused partner chain Midnight — in under eight minutes.
On-chain analysis from BlockSec traced the transfer to a Wanchain bridge contract originally funded in December 2025. The sudden movement triggered a sharp market sell-off, with NIGHT dropping approximately 32–35% following the incident. Midnight confirmed awareness of the event but stated its core network remains secure and unaffected.
The exploit highlights ongoing risks in cross-chain bridge infrastructure, which has been a recurring target for large-scale crypto theft.
⚖️ CLARITY Act stalls in Senate as Section 604 debate heats up
The CLARITY Act, passed by the U.S. House one year ago to replace crypto "regulation by enforcement" with clear statutory rules, remains stalled in the Senate due to banking industry opposition and partisan friction.
Industry executives warn that removing Section 604 from the bill would expose it to First Amendment legal challenges and push open-source developers out of the United States. The provision is seen as a key protection for software developers who could otherwise face liability for how others use their code.
The standoff reflects the broader difficulty of advancing comprehensive crypto legislation in the Senate, where financial industry lobbying and political divisions continue to block progress on regulatory clarity that the crypto sector has long sought.
🪙 Fomo overtakes GMGN as top trading app by revenue
Fomo has surpassed GMGN to become the largest trading app by 7-day revenue across all blockchain networks.
The milestone comes as Fomo reports $4 billion in lifetime trading volume and $75 million raised in a Series B funding round.
The shift marks a notable change at the top of the mobile crypto trading app market, where competition for retail trading volume has intensified across chains.
South Korea has released a roadmap to make the Korean won a freely convertible currency, combining foreign exchange reforms with a legal framework for won-backed stablecoins and new digital payment infrastructure.
The plan pairs currency liberalization with formal regulation of won-denominated stablecoins, signaling that Seoul intends to integrate digital assets into its broader monetary reform agenda.
If implemented, the framework would position South Korea as one of the few major economies with a regulated domestic stablecoin tied directly to its national currency.