Olivier Janssens’ Destiny project offered Nevis residents $100 a month if the government approves the development, triggering sharp local criticism, the Financial Times reported. Belgian-born crypto millionaire, Olivier Janssens, reportedly offered to pay Nevis residents $100 per month if the government approves his development plans for a tech-friendly libertarian community on the Caribbean island. Jannsens’ Destiny, a project aiming to buy and restructure about 2,400 acres of land on the Caribbean island, said it will begin paying residents $100 per month, “immediately once the final agreement with the government is approved,” according to an email seen by the Financial Times. The monthly $100 figure is an increase from the initial 30 East Caribbean dollars (US$11) announced by the project in November 2025. Read more
Law enforcement agencies seized 34 domains, 23 servers and froze $3.5 million in crypto linked to SocksEscort, a proxy service that hijacked 369,000 devices. US and European authorities said Thursday they had disrupted SocksEscort, a malicious proxy service used by cybercriminals to hide their identities while carrying out fraud, including cryptocurrency account takeovers. The DOJ said the service compromised at least 369,000 routers and other internet-connected devices in 163 countries, giving cybercriminals control over proxies that hid their true IP addresses. The platform reportedly enabled crimes, including bank fraud and cryptocurrency account takeovers, since 2020. In one case cited by prosecutors, a victim in New York lost roughly $1 million in cryptocurrency. Read more
Yield-bearing stablecoins are growing faster than the broader market as US lawmakers remain divided over how crypto yield should be regulated. Yield-bearing stablecoins are growing faster than the broader stablecoin market, according to Messari, as Washington remains divided over how crypto-linked yield should be treated under US law. Yield-bearing stablecoins have outpaced the growth of the broader stablecoin market 15-fold over the past six months, according to a Messari research report published on Thursday. The increase was driven by a 198% rise in the market cap of Circle’s USYC (USYC), a 169% increase in Paxos’ Global Dollar (USDG), a 114% rise in the value of the Tron DAO-linked Decentralized USD (USDD), and a 91% rise in Ondo Finance’s Ondo US Dollar Yield (USDY). The overall stablecoin market capitalization rose 9%. Read more
The Bank of England is open to fixes on its proposed stablecoin framework, but one official said it needs better feedback from crypto industry participants. The Bank of England’s (BOE) position on stablecoins is evolving to a more friendly stance, but according to the bank’s deputy governor, constructive dialogue with the industry is still lacking. The UK’s central bank launched a consultation on stablecoins in November last year. Some of the proposed requirements drew the ire of crypto industry representatives, who claimed they could stifle innovation. Over the past few months, the bank has been working with industry groups to develop its stance on stablecoins. These include revising backing requirements and rethinking account limits. Read more
Prediction market volume scales every month, as resolution infrastructure becomes a bottleneck. Opaque outcomes drive capital to headline markets only. Opinion by: David Azubike, lead analyst at Blocksquare Prediction markets are no longer an experimental corner of crypto. Data now shows something durable: a financial category with sustained volume, diversified participation and increasing institutional attention. Prediction markets are emerging as a new “arbitrage arena” for crypto traders. Monthly notional volume in prediction markets scaled to more than $13 billion by late 2025 from less than $100 million in early 2024 as markets diversified across verticals, according to a joint research report from Dune and Keyrock. Read more
XRP’s technical and onchain signals hint at a significant breakout, with bulls eyeing an “explosive” rally toward $2.55. XRP’s (XRP) price was up 3% on Friday to trade above $1.40 as several technical and onchain indicators suggested it was due for a “significant” upward breakout. Key takeaways: XRP’s Bollinger Bands indicator now sees the potential for a massive price breakout. Read more
Hong Kong is set to issue its first stablecoin issuer licenses, with HSBC and Standard Chartered likely among a “very small number” of initially approved issuers, local media reported. HSBC Holdings and a joint venture led by Standard Chartered are reportedly set to become the first authorized stablecoin issuers in Hong Kong. The Hong Kong Monetary Authority (HKMA) is expected to issue stablecoin licenses to HSBC and Standard Chartered, the South China Morning Post reported Thursday, citing people familiar with the matter. HSBC and Standard Chartered are set to be in the first batch as authorities reportedly prioritize institutions already authorized to issue banknotes in the city. The Hong Kong government, through the HKMA, authorizes banknote issuance to three commercial banks, including local branches of HSBC, Standard Chartered and the Bank of China. Read more