Crypto hacks underscore the urgent need for CEXs and DeFi to overhaul their security, collaborate on risk management and embrace self-regulation. Opinion by: Orest Gavryliak, chief legal officer, 1inch Labs The Bybit breach in February smashed the record for the biggest hack in crypto history. More than $1.4 billion was stolen by North Korean cybercriminals in the blink of an eye, with the audacious heist making headline news around the world. Now, as TRM Labs reports, $2.1 billion worth of crypto has been lost to attacks in the first half of 2025. That’s an exorbitant amount of money, and yet, the hacks seem set to continue. Read more
Moody’s and Alphaledger’s pilot on Solana shows how traditional credit ratings can be embedded directly into tokenized bonds. Often touted as a next-gen alternative to Ethereum or Bitcoin, the Solana blockchain is now making headlines for a very different reason: onchain credit ratings. In June 2025, Moody’s teamed up with a fintech startup called Alphaledger to run a pilot program to explore how traditional credit ratings could be integrated into blockchain systems. Here’s what they did: Read more
The FATF is shaping global crypto rules from behind the scenes, with stablecoins and DeFi next in line for scrutiny. Cryptocurrency regulations are increasingly aligning with global standards; 73% of eligible jurisdictions have now passed laws to implement the Financial Action Task Force’s (FATF) Travel Rule. The Travel Rule mandates crypto service providers to collect and share users’ transaction data, similar to traditional finance requirements. On June 26, the FATF released its annual report that outlines how recent regulatory moves by jurisdictions are converging with its global Anti-Money Laundering (AML) framework. This is a direct result of a years-long campaign by the FATF to bring cryptocurrencies in line with traditional AML and Counter-Terrorist Financing (CFT) standards. Read more
Pakistan’s crypto czar, Bilal Bin Saqib, isn’t content letting the nation’s Bitcoin stash sit idle — he wants it generating returns. Pakistans crypto czar Bilal Bin Saqib burst into the headlines in late May by announcing live on stage at Bitcoin 2025 that the country will establish a Bitcoin Reserve. Saqib, Pakistans crypto minister and CEO of the Pakistan Crypto Council, tells Magazine a discussion with Strategy executive chairman Michael Saylor made him feel even more certain about the decision. Saqib said that while he was already smitten with Bitcoin before, he felt reinvigorated like hed been orange-pilled all over again. Read more
XRP remains at risk of dropping to $1 if a key support zone is lost — one that aligns with the onchain realized price level. Key takeaways: XRP is forming a descending triangle, a pattern that’s historically bearish over half the time. A breakdown below $1.80–$2.00 support could trigger a drop toward the $1 realized price level. Read more
Competition is heating up as more exchanges set up operations in Europe, where MiCA provides new “rules of the road.” Crypto exchanges are setting up shop in Europe and securing licenses with EU officials, bringing more competition to the regulated European market. So far this year, OKX, Coinbase, Bybit and Crypto.com have all secured licenses under the EU’s Markets in Crypto-Assets (MiCA) regulation. While it imposes strict requirements on various services in the crypto industry, it now means that crypto exchanges in the European Economic Area (EEA) will all be playing by the same rules. Observers anticipate that this will see Europe pull ahead of other jurisdictions like the United States, which is still in the process of developing a rudimentary framework for stablecoins. Indeed, European regulators are already discussing a second regulatory package, “MiCA 2.0,” that would fill gaps not addressed in its first iteration. Read more
Paxos launched the Global Dollar stablecoin in the EU, claiming MiCA compliance and support from Kraken, Robinhood and Mastercard under the GDN initiative. The Global Dollar (USDG) stablecoin has launched in the European Union, with issuer Paxos claiming compliance with the region’s Markets in Crypto-Assets Regulation (MiCA), as well as oversight from the Finnish Financial Supervisory Authority and Singapore’s central bank. According to a Tuesday announcement, the Paxos-issued USDG is now available in the EU through partners including major crypto exchanges Kraken and Gate. Other platforms that offer the stablecoin include Coinmetro, SwissBorg, Zodia Custody, Orbital, Hercle, CoinsPaid, Bitwyrem, Bitnet and HiFi. Paxos issues USDG in Europe through Paxos Issuance Europe OY, a Finland-based entity overseen by the country’s Financial Supervisory Authority. The stablecoin is structured to align with MiCA regulations, with a portion of its cash reserves held in European banks. Paxos said it guarantees one-to-one ...