Thailand’s SEC opened consultations on local Bitcoin and Ether ETF rules and qualification standards for foreign digital asset custodians. Thailand’s Securities and Exchange Commission (SEC) has advanced its framework for locally listed spot Bitcoin and Ether exchange-traded funds (ETFs) from proposed principles to draft regulations while revising its approach to foreign digital asset custodians. The regulator said Monday it is seeking feedback on two consultation papers. One contains draft regulations for Thai crypto ETFs, while the other proposes principles governing the qualifications of foreign digital asset custodians engaged by mutual and private funds investing in digital assets. During the initial stage, asset managers could establish passive ETFs tracking Bitcoin (BTC) or Ether (ETH), the only two eligible crypto assets. Read more
The bank plans tokenized money market fund settlements in the fourth quarter as HKDAP expands its phased rollout into conventional banking. Standard Chartered Bank (Hong Kong), or SCBHK, has become the first bank authorized to distribute HKDAP, a regulated Hong Kong dollar-backed stablecoin issued by Anchorpoint Financial. On Monday, the bank said it is engaging eligible institutional clients and partners on uses including tokenized fund settlements, treasury operations and cross-border payments during a phased rollout. Standard Chartered’s addition expands HKDAP distribution into conventional banking nearly two weeks after Anchorpoint began beta access through HashKey Group and OSL. SCBHK said it expects to introduce new commercial applications over the coming months. Read more
Galaxy Research’s latest tally shows that more than half of 221 Coldcard hack victim reports involved individual losses exceeding 1 Bitcoin. The vast majority of Bitcoin stolen in the Coldcard hack remains unmoved, according to researchers tracking one of the largest hardware wallet exploits. Galaxy Research has attributed the theft of 1,789.28 Bitcoin from 8,865 addresses to the Coldcard hack, according to a Monday X post by Alex Thorn, Galaxy’s head of research. The funds were worth $114.7 million at the time of theft. Thorn said attackers have not spent 1,561 Bitcoin, or 87.3% of the attributed losses. The funds remain in attacker-controlled collection or holding addresses, including all Bitcoin stolen during the first three attack waves. Read more
A federal jury convicted Brent Kovar of wire fraud, mail fraud and money laundering after he took $24 million from at least 400 investors. A business owner in Las Vegas faces a statutory maximum sentence of 280 years in prison after a federal jury convicted him of running a $24 million crypto Ponzi scheme that defrauded at least 400 investors. The US Justice Department said Monday that Brent Kovar was found guilty of 11 counts of wire fraud, two counts of mail fraud and two counts of money laundering following a nine-day trial. Kovar owned Profit Connect from late 2017 to July 2021. The company purportedly used artificial intelligence software on a supercomputer to mine crypto and verify other crypto transactions. Read more
Bitcoin ETFs have drawn $2.26 billion over six trading days, while year-to-date net outflows have narrowed to about $2.57 billion. US spot Bitcoin exchange-traded funds (ETFs) recorded $337.6 million in net inflows on Monday, marking their sixth consecutive trading day of inflows totaling $2.26 billion. The new inflows have cut the Bitcoin ETFs’ year-to-date net outflows to about $2.57 billion, according to SoSoValue data. Last week alone, the funds recorded $1.92 billion in net inflows, their strongest week since October 2025. Cumulative net inflows since launch rose to $54 billion, with total net assets reaching $98.56 billion. Read more