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Senate Democrat Opens Probe Into Tether's $6.3M Nxum Deal
Senator Richard Blumenthal opened a probe into a reported $6.3 million deal between Tether and Nxum, a firm co-founded by ex-Trump crypto adviser Bo Hines.

PayPal Says It Can Pay $1B in Dividends With Its Own Stablecoin
PayPal executive Steve Everett says the company can distribute $1B in dividends using its PYUSD stablecoin, pushing stablecoins toward corporate treasury rails.

Central Bank of Ireland Fines Coinbase's Irish Arm $3.6M
The Central Bank of Ireland fined Coinbase Ireland EUR3.25M ($3.6M) for safeguarding and outsourcing breaches tied to underfunded customer accounts from 2020 to 2025.

South Korea's Digital Asset Basic Act Enters Final Talks
South Korea's top financial regulator says the Digital Asset Basic Act is in final-stage talks, covering exchange licensing and stablecoin issuance rules.

HSBC Launches HKD Stablecoin RedCoin for 3.3M PayMe Users
HSBC is rolling out RedCoin, a Hong Kong dollar-backed stablecoin, to the 3.3 million people already using its PayMe app, per WuBlockchain. Here is what it means.

UAE-Led INTERPOL Operation Hits $39B Crypto Scam Network
A 30-country operation led by the UAE and INTERPOL identified over $39B in funds and crypto tied to scams, with 960+ arrests and raids on 29 fraud centers.

Tokenized Stocks and ETFs Hit $37B in Q3 Onchain Volume
Tokenized stocks and ETFs cleared over $37B in onchain trading volume in Q3, with monthly activity up nearly 18x since January, per Dune Analytics.

Starknet Holders Vote 93% to Study Leaving Ethereum as Post-Quantum L1
Starknet holders voted 93% to research becoming an independent post-quantum Layer 1 instead of an Ethereum L2, a rare move for a major ZK rollup.

JPMorgan Brings Money-Market Tokens to Solana via Morgan Money
JPMorgan is issuing tokenized money-market products MONY and JLTXX on Solana through its Morgan Money platform, with balances sent to client blockchain addresses.

SoFi Launches FDIC-Insured Tokenized Deposits Paying 4.4% APY
SoFi's new SOFIE token represents $1 on deposit at SoFi Bank, earns 4.40% APY with FDIC insurance, and converts to a stablecoin. A look at what that means.
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