The US GENIUS stablecoin act could open the door for a flood of Big Tech digital currencies. There are challenges though. The GENIUS Act will enable tech companies to issue stablecoins that functionally blur the boundary between public and private money. But Winston Ma, adjunct law professor at New York University, argues that private stablecoins cannot function as true currency without sovereign enforcement. Yuriy Brisov, a lawyer at Digital & Analogue Partners, contends that privately issued currencies can serve as legitimate alternatives to traditional monetary systems. To understand the legal implications of the GENIUS Act and how it fits into the global stablecoin landscape, Magazine spoke with Brisov in Europe, Ma in the US and Joshua Chu, co-chair of the Hong Kong Web3 Association. Read more
BTC price returns to retest recently reclaimed levels as Bitcoin analysis flags the 50-day moving average trendline as a "buying opportunity." Key points: Bitcoin order book liquidity remains a decisive force on low-timeframe BTC price action after a $108,000 grab. Whales show divergent behavior from smaller retail investors, choosing to up BTC exposure at current prices. Read more
Pi2Day 2025 brings key user-friendly upgrades, from a new KYC sync button solving verification roadblocks to expanded wallet access and enhanced security features. Every year on June 28, Pi Network celebrates Pi2Day, a kind of mid-year check-in that builds on the original Pi Day (March 14). It’s supposed to be a clever nod to math (3.14 → 6.28), but it’s also become a key moment for the Pi community. Since 2023, the core team has used the day to showcase progress and rally users behind major initiatives. Read more
British national Kai West, known online as “IntelBroker,” has been indicted for allegedly selling stolen data on BreachForums, causing over $25 million in damages. A British man accused of operating under the alias “IntelBroker” on cybercrime forums has been indicted for allegedly selling stolen data in a case that caused more than $25 million in damage. The US Southern District of New York Attorney’s Office announced Kai West’s indictment on Wednesday. West allegedly operated on online black markets under the IntelBroker pseudonym and caused in excess of $25 million in damage to victims. Former US Securities and Exchange Commission (SEC) Chair and attorney Jay Clayton was among the people responsible for unsealing the indictment. “This action reflects the FBI’s commitment to pursuing cybercriminals around the world,” he said. Read more