New York sues Polymarket, alleging it is running an illegal gambling operation
The state wants to block Polymarket from operating without a gambling license and recover allegedly illegal gains. Source：CoinDesk
U.S. Federal Reserve moves on proposals to implement GENIUS Act for stablecoins
The Fed proposed rules on putting last year's GENIUS Act into place with regulations, including those governing stablecoin yield programs. Source：CoinDesk
Crypto exchange Bitget loses $352 million in hack, claims user funds are 'safe'
Bitget CEO Gracy Chen announced the hack shortly after independent researchers flagged unusual wallet movements. Source：CoinDesk
Someone was trying to sell Ondo Finance after founder Nathan Allman's death
The company has vehemently denied that it was shopping for buyers. Allman’s estate declined to comment. Source：CoinDesk
Bullish, Alpaca and Apex Fintech form coalition to push issuer-backed tokenized stocks
The group aims to link onchain shares to official shareholder records following the U.S. SEC's innovation exemption for tokenized stock trading. Source：CoinDesk
U.S. commodities firms can invest in tokenized assets, use blockchain records: CFTC
The U.S derivatives regulator is grinding away at further guidance that welcomes tokenization and blockchain recordkeeping as regular industry elements.…
The stock token debate, and the gap nobody can close alone
The argument over Robinhood’s AMC token has been about which tokenization model is legitimate, and the SEC has drawn a line. The question to ask now is what…
Bitcoin’s bear markets are getting milder. Bull markets may be next
Bitcoin’s latest bear market was milder than past crashes as ETFs, institutional investors and a maturing market reshape its cycles. Source：CoinDesk
UK’s largest banks complete world’s first interbank transactions using tokenized deposits
Barclays, NatWest, and HSBC and others used tokenized deposits for remortgages and a marketplacepayment test, taking bankissued digital cash beyond a single…
Crypto for Advisors:The hidden costs of holding your own bitcoin
Source：CoinDesk
European stablecoin issuer Qivalis sees transformation of global trade finance
JanOliver Sell, the CEO and founder of Qivalis, said the entire trade finance supply chain is moving into stablecoins. Source：CoinDesk
Cathie Wood's ARK teams with Securitize to tokenize venture fund with OpenAI, Anthropic stakes
The ARK Venture Fund is bringing exposure to soughtafter private tech companies onchain through Securitize, first on Ethereum then potentially expanding to…