market structure
Broad market trends across regulation, stablecoin supply, exchange security and settlement infrastructure.
39 reports
The Treasury Department has issued the first substantial rulemaking under the GENIUS Act, defining core terms, extending due-diligence duties to exchanges and other intermediaries, and setting out a timetable after which US providers could be barred from offering non-compliant offshore payment stablecoins to American customers.
Priya Nair · 2026-08-25
The Securities and Exchange Commission has proposed its first purpose-built rules for crypto asset offerings, including exemptions that would allow token fundraising with tailored disclosure obligations instead of full registration, a marked shift from the enforcement-led posture of the past decade.
Lena Whitfield · 2026-08-25
Hong Kong's stablecoin licensing regime has produced its first live bank-backed Hong Kong dollar token, with supervised reserves and redemption obligations, and a very small number of approved issuers behind it.
Yuki Sato · 2026-08-13
The SEC is advancing a purpose-built framework for digital-asset issuance, custody and trading, moving ahead of stalled market-structure legislation and raising the question of how durable agency-made rules can be.
Priya Nair · 2026-08-13
Russia's central bank has proposed permitting trading of major digital assets on licensed domestic exchanges, with access weighted heavily towards qualified investors and strict limits for everyone else.
Priya Nair · 2026-08-13
As Japanese firms experiment with paying staff and contractors in stablecoins, industry bodies are forming tax committees to address unresolved questions on withholding, valuation timing and reporting obligations.
Yuki Sato · 2026-08-13
Aggregate stablecoin supply reached a new high in August 2026, with a growing proportion of transfer volume coming from settlement and treasury use rather than exchange trading.
Sofia Marchetti · 2026-08-10
Rulemaking at the CFTC covering leveraged spot crypto products is setting margin, customer segregation and default-management expectations that will shape how US venues structure retail accounts.
Priya Nair · 2026-08-09
The UK regulator's retail crypto regime pairs wider access to crypto exchange-traded notes with appropriateness testing, prescribed risk warnings and cooling-off requirements for platforms.
Priya Nair · 2026-08-09
With MiCA authorisations in place, several credible euro-denominated stablecoins are competing for a market whose main limitation is now trading liquidity rather than regulatory uncertainty.
Sofia Marchetti · 2026-08-08
A cross-chain bridge lost a substantial sum to a compromise of its validator set, repeating a failure pattern documented in most major bridge incidents of the past five years.
Hiroshi Tanaka · 2026-08-07
Investigators report that laundering pipelines linked to sanctioned actors have shortened conversion times and increased cross-chain hops, while remaining traceable at the off-ramp.
Hiroshi Tanaka · 2026-08-07
Six of the nine stablecoins in our tracker publish attestations rather than audits, and one publishes neither. Here is a repeatable, six-step method for checking reserve quality using nothing but public documents and a block explorer.
Sofia Marchetti · 2026-08-06
Stablecoin-based remittance routes into several African markets have matured through licensed local partners and mobile-money integration, though ramp spreads still absorb a large share of the theoretical saving.
Kwame Osei · 2026-08-04
Japan's plan to supervise crypto assets under its Financial Instruments and Exchange Act would introduce issuer disclosure requirements and insider-trading prohibitions absent from the current payments-law treatment.
Yuki Sato · 2026-08-04
Privacy protocol developers are shipping selective-disclosure features such as view keys and exclusion proofs, in an attempt to reconcile transaction confidentiality with supervisory expectations.
Priya Nair · 2026-08-02
Restaking allows one pool of staked collateral to secure multiple services, creating correlated slashing exposure that current risk disclosures largely fail to quantify.
Emma Lindqvist · 2026-08-02
Integration between instant local payment systems and stablecoin settlement is accelerating everyday crypto use across Latin American markets, ahead of settled regulatory frameworks in several countries.
Rafael Duarte · 2026-08-01
The EU's Markets in Crypto-Assets regulation has consolidated stablecoin issuance around passported e-money token licences, pushing exchanges to delist non-compliant tokens for European users.
Sofia Marchetti · 2026-07-22
The US SEC published generic listing standards for spot crypto exchange-traded products, ending the case-by-case 19b-4 process that has slowed altcoin ETF approvals for years.
Priya Nair · 2026-07-20
The Hong Kong Monetary Authority issued its first batch of stablecoin issuer licences under the 2025 Stablecoins Ordinance, formally launching one of Asia's most detailed fiat-token frameworks.
Sofia Marchetti · 2026-07-19
South Korea's Financial Supervisory Service referred around 30 suspected crypto market-manipulation cases to prosecutors, signalling active enforcement under the Virtual Asset User Protection Act.
Priya Nair · 2026-07-19
Reports valuing President Trump's crypto-linked income at roughly $1.4 billion are fuelling ethics questions as the Senate debates the CLARITY Act, sharpening scrutiny of political influence over digital-asset rulemaking.
Priya Nair · 2026-07-19
The CLARITY Act, the leading US market-structure bill for digital assets, is moving through the Senate with backing from Senator Cynthia Lummis, who says it clarifies federal oversight and hardens consumer protection.
Priya Nair · 2026-07-18
A large on-chain lending protocol was drained for roughly $120 million in a July 2026 oracle-manipulation exploit, underscoring persistent smart-contract risk even as DeFi TVL climbs to multi-year highs.
Hiroshi Tanaka · 2026-07-16
Federal regulators missed the first statutory deadline under the GENIUS Act, pushing back the operational rollout of the landmark US stablecoin regime and frustrating issuers ready to apply.
Sofia Marchetti · 2026-07-15
Tether's Q4 2025 attestation, prepared by BDO, reported more than $10 billion in annual profit, $6.3 billion of excess reserves and a record $141 billion of US Treasury exposure, alongside sizeable gold and bitcoin holdings.
Sofia Marchetti · 2026-01-31
Do Kwon, creator of the failed TerraUSD stablecoin, was sentenced to 15 years in prison over a collapse that erased an estimated $40 billion, with the judge rebuking him for repeatedly misleading investors.
Priya Nair · 2025-12-11
After receiving a pardon, Binance founder Changpeng 'CZ' Zhao addressed the 'delicate question' of whether the firm might seek a refund of its $4.3 billion fine.
Priya Nair · 2025-11-17
The FTX Recovery Trust continued repaying creditors in 2025, distributing more than $5 billion in May and roughly $1.6 billion in a third distribution in September under its Chapter 11 plan.
Tomas Reyes · 2025-09-30
Senator Elizabeth Warren pressed the Justice Department on whether Binance was adhering to its 2023 money-laundering settlement, as reports alleged hundreds of millions flowed through suspicious accounts.
Priya Nair · 2025-09-18
The SEC and Ripple agreed to end their multi-year court battle, abandoning appeals and leaving intact the ruling that XRP sold on exchanges was not a security. Ripple paid a $125 million fine.
Priya Nair · 2025-08-08
A New York jury found Tornado Cash co-founder Roman Storm guilty of conspiracy to run an unlicensed money-transmitting business, while deadlocking on money-laundering and sanctions-evasion counts.
Priya Nair · 2025-08-06
On 18 July 2025 the GENIUS Act was signed into law, establishing the first federal regulatory framework for payment stablecoins with reserve, disclosure and consumer-protection requirements.
Priya Nair · 2025-07-18
Coinbase revealed that criminals bribed overseas support staff to steal customer data, refused a $20 million ransom, and warned remediation could cost up to $400 million.
Hiroshi Tanaka · 2025-05-21
Alex Mashinsky, founder of the bankrupt lender Celsius, was sentenced to 12 years in prison for fraud and market manipulation, one of several crypto executives held to account in 2025.
Priya Nair · 2025-05-08
As the Trump family took control of crypto venture World Liberty Financial while it raised hundreds of millions, Democratic lawmakers asked the SEC to preserve records and probe potential conflicts of interest.
Priya Nair · 2025-04-29
In February 2025 Bybit lost nearly $1.5 billion of Ethereum in the largest crypto heist on record. Investigators tied it to a breached Safe{Wallet} developer machine, and the FBI blamed North Korea's Lazarus Group.
Hiroshi Tanaka · 2025-02-26
Stripe closed its $1.1 billion acquisition of stablecoin platform Bridge, its largest deal to date, and quickly rolled out stablecoin features, a strong signal that stablecoins are moving into mainstream payments.
Sofia Marchetti · 2025-02-05
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