Crypto Weekly Roundup: DoJ Says Code Isn't Crime, DBS Tokenizes on Ethereum, & More
Ethereum made strides this week as DBS issued tokenized structured notes on Ethereum, and SharpLink boosted its ETH holdings. Regulators made headlines as the DoJ clarified developers won’t face charges for unintended protocol misuse, while the EU accelerated its digital euro plans and the Fed ended its crypto oversight program.
Ethereum
DBS, Singapore’s largest bank, has advanced its blockchain adoption by issuing tokenized structured notes on the Ethereum public blockchain as a part of the bank’s digital asset strategy to move beyond its own private clients, giving accredited and institutional investors broader access to sophisticated financial instruments.
SharpLink Gaming has significantly boosted its Ethereum holdings with a $667 million acquisition, strengthening its position as one of the largest corporate holders of the cryptocurrency.
DeFi
PulseChain, the scalable Layer 1 blockchain solution, has garnered significant traction among developers and users seeking relief from Ethereum’s constraints, primarily because of its proven ability to offer faster transactions and minimal fees.
Technology
Thailand has launched an 18-month pilot program that will allow international tourists to convert cryptocurrencies into the local currency, part of a broader push to revitalize its tourism sector.
Business
Prosecutors in Taiwan brought charges against 14 individuals in connection with the $41 million BitShine crypto fraud that allegedly defrauded over 1,500 victims of over NT$1.27 billion ($41 million).
MicroStrategy has reversed recent guidance on stock issuance, signaling more flexibility in shareholder dilution while continuing to expand its Bitcoin reserves.
Web3
BTCC, the world’s longest-operating cryptocurrency exchange, has launched a major $500,000 USDT trading competition, following the announcement earlier this month that NBA All-Star Jaren Jackson Jr. has joined the platform as its new global brand ambassador.
With MAG and Multibank backing Mavryk, the $10 billion initiative could set a global benchmark for how real-world assets are brought to blockchain.
Wilder World has announced the Super Early Access launch of its first-person shooter (FPS) mode, marking a significant milestone in the project’s evolution.
Regulation
The European Union (EU) is accelerating efforts to introduce a digital euro, spurred by recent regulatory moves in the United States that have strengthened the position of dollar-pegged stablecoins.
The US Department of Justice has clarified it will no longer pursue charges against developers for the unintended misuse of decentralized protocols, following the Tornado Cash verdict that convicted co-founder Roman Storm on a money transmission charge.
The Federal Reserve has shut down its crypto-focused oversight program, which monitors crypto dealings by major banks.
Federal Reserve Governor Christopher Waller signaled strong support for digital assets, calling stablecoins a vital tool for sustaining the dollar’s international dominance.
SEC Chairman Paul Atkins has signaled a decisive shift in the regulator’s approach to cryptocurrencies, pledging a clear framework for digital asset oversight and distancing the agency from its earlier reliance on enforcement actions.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice
