The Federal Court of Australia sanctioned BPS Financial this Monday with a fine of 14 million Australian dollars after determining it operated its Qoin Wallet product without proper authorization. For nearly three years, the firm offered services and provided advice on digital assets without holding a financial services license in Australia, undermining the transparency of the local financial market.
Author: ethan
ethan
Ethan focuses on altcoins and emerging blockchain ecosystems, covering new projects, sector expansion, and shifting narratives across the crypto landscape. His work looks at how ecosystems grow and interact, beyond short-term price movements.He regularly contributes context on Layer 1 developments and Web3 or DeFi trends connected to broader ecosystem growth.
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Dubai Insurance has launched the UAE’s first cryptocurrency-enabled digital wallet, allowing policyholders to pay premiums and receive claims settlements in digital assets. The product, developed in partnership with Zodia Custody, aims to combine regulated custody with faster and more transparent payment channels.
Citrea, backed by Peter Thiel’s Founders Fund and Galaxy Digital, launched its mainnet with a zkEVM rollup. They also introduced a native dollar stablecoin called ctUSD. The move repurposes dormant bitcoin from a passive store of value for programmable lending, trading, and settlement within a Bitcoin-secured execution layer.
Gold surpassed $5,300 per ounce, reaching an all-time high on January 28. Meanwhile, Tether became one of the largest holders of gold bars, ranking highly and exceeding the reserve capacity of several countries.
In a maneuver that redefines institutional custody, Tether has intensified its monthly precious metal purchases to a rate of two tons per week. This strategic move has allowed the firm to consolidate an inventory of 140 tons, valued at approximately $24 billion, being this one of the largest private stockpiles globally.
American asset manager WisdomTree announced this Wednesday the integration of its full catalog of tokenized funds into the Solana network, strengthening its multi-chain deployment strategy within the financial sector. This strategic expansion allows both institutional and retail investors to mint, trade, and custody regulated assets, leveraging the high-speed infrastructure that characterizes this digital ecosystem.
In an effort to bolster the integrity of the crypto ecosystem, South Korea top financial regulator has proposed limiting shareholdings in local exchanges. Financial Services Commission (FSC) Chairman Lee Eog-weon emphasized this Wednesday the need to establish ownership caps between 15% and 20% for major shareholders, aiming to align the sector with public financial infrastructure standards.
Under the shadow of a federal financial scandal, a wallet linked to the alleged theft of assets seized by the US government executed a Solana memecoin launch, suffering an immediate crash. According to on-chain investigators, the John Daghita (LICK) token lost nearly all its value after reaching a short-lived market capitalization peak near one million dollars.
Ethereum co-founder Vitalik Buterin revealed that he earned a profit of 70,000 dollars over the past year using the Polymarket platform, based on a strategy called “anti-insanity mode.” During an interview in Chiang Mai, the developer explained that his approach consisted of identifying irrational trends to systematically position himself against highly improbable events that the public perceived as possible due to pure sensationalism.
A federal court sentenced Jingliang Su, a Chinese citizen, to nearly four years in prison after being found guilty of participating in cryptocurrency money laundering. According to judicial reports issued this January 28, 2026, the criminal network defrauded more than 170 American victims through sophisticated digital investment schemes.
