Crypto World
XRP Captures $119M as Digital Asset Funds Post $224M Weekly Inflows
Key Highlights
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XRP attracts record $119M, dominating weekly digital asset investment flows
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Ethereum suffers continued decline with $52M withdrawal amid policy concerns
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Bitcoin records $107M inflows while bearish positioning expands significantly
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Swiss markets dominate global flows as American investor appetite weakens
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Economic data triggers late-week reversal in cryptocurrency investment momentum
Cryptocurrency investment products attracted $224 million in fresh capital over the past week, representing a short-lived bounce following previous withdrawals. However, macroeconomic headwinds dampened enthusiasm as the week concluded. XRP emerged as the clear winner while Ethereum’s outflow streak extended.
XRP Commands Investment Flows with Record Weekly Performance
[[LINK_START_0]]XRP[[LINK_END_0]] captured the lion’s share of investment activity, pulling in $119.6 million during the week. This represented the digital asset’s most impressive showing since late December 2025. The momentum persisted even as broader cryptocurrency markets displayed vulnerability. Year-to-date, XRP has accumulated $159 million in net inflows.
The impressive performance followed sustained investor interest after the introduction of spot XRP exchange-traded products in American markets. These investment vehicles enhanced accessibility and facilitated continuous capital movement into the asset. Consequently, XRP now represents approximately seven percent of aggregate assets managed across cryptocurrency funds.
European financial centers played a significant role in driving XRP’s success. Switzerland emerged as the top contributor with more than $157 million in capital inflows, while Germany and Canada also participated strongly. This geographic distribution indicated evolving capital deployment strategies across international cryptocurrency markets.
Bitcoin Displays Conflicting Trends as Investor Sentiment Splits
Bitcoin attracted $107.3 million in new investments, demonstrating modest revival following earlier capital withdrawals. However, monthly performance remained in negative territory, with cumulative outflows reaching $145 million. This divergence underscored persistent indecision regarding the asset’s trajectory.
Inverse bitcoin products drew $16 million in capital, revealing heightened pessimistic positioning among certain market participants. Simultaneously, American spot bitcoin exchange-traded funds contributed minimally to overall flows. These contradictory indicators exposed a fundamental divide in investor outlook.
Meanwhile, Solana accumulated $34.9 million in inflows, extending its positive momentum throughout the current year. Its aggregate inflows now constitute roughly ten percent of total managed assets. This reliable performance reinforced broader portfolio diversification trends within digital asset investment products.
Ethereum Suffers Substantial Withdrawals Amid Legislative Uncertainty
Ethereum maintained its negative trajectory, experiencing $52.8 million in weekly capital flight. This followed an even larger $222 million exodus the preceding week. The asset’s year-to-date outflows have now reached $327 million.
Legislative ambiguity surrounding the Digital Asset Market Clarity Act continued exerting downward pressure on Ethereum-focused investment vehicles. The proposed legislation remained gridlocked in the Senate due to disputes regarding stablecoin yield components. This impasse negatively impacted sentiment toward Ethereum’s ecosystem positioning.
Ethereum’s fundamental importance to stablecoin infrastructure heightened its vulnerability to regulatory developments. This strategic exposure amplified pressure on capital movements during periods of policy ambiguity. Ethereum stood out as the poorest performer among leading cryptocurrency assets.
Broader economic conditions also shaped overall investment product activity throughout the period. Robust American retail sales figures reinforced projections of continued restrictive monetary policy. This evolution diminished risk tolerance and prompted modest withdrawals as the week closed.
Simultaneously, rising crude oil valuations and receding interest rate reduction expectations intensified market headwinds. These dynamics interrupted early-week positive momentum across digital asset investment vehicles. Ultimately, the weekly recovery proved incomplete and varied substantially across geographic regions and individual assets.
A South Korean court has canceled the Financial Intelligence Unit’s (FIU) three-month partial business suspension of Dunamu, the operator of crypto exchange Upbit, according to local reports.
Yonhap News Agency reported on Tuesday that the Seoul Administrative Court sided with Dunamu in its lawsuit against the FIU, overturning the sanction tied to alleged Anti-Money Laundering (AML) violations.
The court said clear rules existed for transactions above 1 million won (about $675), but found that regulations for smaller transfers were not specific enough, weakening the basis for enforcement within the case.
The ruling narrows the FIU’s ability to impose major AML sanctions on crypto exchanges where the underlying compliance standards are not spelled out clearly enough in practice. It also ends a dispute that began after FIU imposed the sanction in February 2025, and that was later paused by the court while Dunamu’s challenge was under review.
Court cites lack of guidance in Dunamu decision
Addressing the FIU’s claim that Dunamu failed to take adequate measures, the court said the regulator had not provided specific guidance on what actions were required. In that context, the court found that the company had taken its own measures.
The court said that even if those measures appear insufficient in hindsight, it is difficult to conclude that Dunamu failed to fulfill its obligations due to intent or gross negligence, undermining the basis for the sanction.
Related: Bithumb launches legal action to recover 7 Bitcoin from payout error
FIU sanction triggered a legal challenge from Dunamu
On Feb. 25, 2025, the FIU imposed a three-month partial suspension on Dunamu, restricting new Upbit users from transferring digital assets.
The regulator said the measure followed an on-site inspection that found Dunamu had facilitated transactions with unregistered overseas virtual asset providers (VASPs) and failed to meet customer due diligence requirements.
The FIU previously said it identified over 600,000 suspected Know Your Customer violations during a review of Upbit’s exchange business license.
In response to the sanction, Dunamu filed a lawsuit and requested an injunction to halt its enforcement shortly after the penalty was announced. On Feb. 28, 2025, Dunamu said it had submitted the case seeking to overturn the partial suspension order.
On March 27, 2025, the court granted the injunction, allowing Upbit to continue onboarding new users while the case was under review.
Magazine: Asia Express: Phantom Bitcoin checks, China tracks tax on blockchain
The crypto market remains pinned just below its early-February ceiling, with bitcoin hovering at $71,200 and ether (ETH) trading at $2,185. The sideways crawl comes despite a risk-on boost from the recent US-Iran ceasefire, leaving analysts sharply divided on the next leg.
Bloomberg’s Mike McGlone said this week that BTC needs to reclaim $75,000 or risk a meltdown to $10,000. Fundstrat Tom Lee has taken a contrasting view, claiming that the “bottom is in” on Wednesday, although it’s worth noting that his fund holds $10.4 billion worth of ETH.
BTC is up by around 0.3% since midnight UTC while ETH is flat having outperformed the broader market on Wednesday, and while BTC has posted a modest gain, all eyes remain on whether this range-bound stability is a launchpad or a trap.
Derivatives positioning
- Bitcoin’s futures open interest (OI) has increased to 726,000 BTC, a one-week high, bouncing sharply from 693,000 BTC over the weekend. The tally has increased by over 1% in the past 24 hours, a sign of continued capital inflows despite spot price’s stalled ascent.
- BTC’s 24-hour cumulative volume delta (CVD) remains positive for the second straight day and perpetual funding rates hover just above zero. These datasets, coupled with OI increase, suggests a persistent bias for bullish plays.
- OI in ether, XRP and solana futures has also increased by 1% to 2%. However, CVD and funding rates for these tokens are slightly negative, which suggests growing demand for bearish bets.
- CVD readings for top meme coins like DOGE and SHIB remain negative – a signal some see as constructive for the broader market, as heavy bullish positioning in speculative tokens is often viewed as a sign of excess froth.
- Bitcoin and ether volatility indices continue to decline in a sign of market calm. 10x Research said the market is pricing just 2.5% swing in either direction on the back of Friday’s inflation data.
- On Deribit, BTC and ETH continue to show a mild bias for put options, which offer downside protection, although its much weaker than a week ago. Speaking of flows, the $80,000 bitcoin call has seen the biggest increase in number of open positions in the past 24 hours followed by the $82,000 call.
Token talk
- The altcoin market continued to impress on Thursday with the likes of MANA and AERO rising by 6% apiece, while decentralized finance (DeFi) tokens MORPHO and PENDLE rose by 3.7% and 2.7% respectively since midnight UTC.
- It’s worth noting that MANA’s move comes alongside a 25% increase in open interest, suggesting the move was backed by leverage as opposed to spot buying.
- The CoinDesk Computing Select Index (CPUS) and CoinDesk Smart Contract Platform Select Capped Index (SCPXC) were the best performing benchmarks on Thursday, posting gains between 0.4% and 0.5% while the broader CoinDesk 100 (CD100) is unchanged.
- Traders will be keeping a close on on whether bitcoin can break above $75,000 and establish a level of support, which would likely lead to a period of capital rotation into altcoins, many of which are still oversold following a selloff in February and subsequent period of consolidation.
The United States Treasury Secretary Scott Bessent has urged Congress to pass the CLARITY Act without further delay, as Senate floor time is limited.
Summary
- Scott Bessent has urged Congress to pass the CLARITY Act quickly, warning that limited Senate floor time could stall progress.
- Debate over stablecoin yields has delayed the bill with banks warning of lending risks.
In an op-ed for The Wall Street Journal, Bessent stressed the importance of the legislation, especially as crypto use was rising across the United States. He highlighted that the crypto market had reached $3 trillion and that nearly one in six Americans now hold digital assets.
“To preserve it and rise to the challenge before us, Congress must pass the Clarity Act. Senate floor time is scarce, and now is the time to act,” he wrote.
Since passing in the House of Representatives in July last year, progress around the CLARITY Act has been delayed in the Senate as industry participants and bankers debated over how stablecoin yields should be treated.
Proponents of stablecoin yield argue that without such incentives, there would be reduced user participation and slower innovation. Bankers, meanwhile, are concerned that the practice could draw deposits away from traditional institutions and impact lending capacity.
White House economists have challenged these concerns in a recent report, where they assessed the impact on traditional lending. The economists found that banning yields on stablecoins could result in an $800 million annual welfare loss for users.
On the other hand, banks would see total US bank lending increase by only $2.1 billion, or just 0.02% of the $12 trillion market.
U.S. President Donald Trump has also backed the legislation, warning that delays risk pushing innovation to China and other jurisdictions.
He also accused banks of trying to hold the CLARITY Act “hostage” and undercut what he described as a “powerful Crypto Agenda.”
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
Crypto gifting emerges as new trend blending digital assets with real-world experiences.
Summary
- Custom crypto gifts are gaining popularity by turning digital assets into tangible items that build identity and connection
- Personalized physical gifts like mugs, apparel, and coins offer utility, sentiment, and long-term value
- Demand grows for crypto-themed collectibles and wearables as users seek unique, meaningful gift options
In the era of information technology, the world of cryptocurrency is becoming more alluring with its own charm and possibilities. As people exchange and create value in the form of digital assets, the emotional power of crypto gifts is not replaceable.
The fusion of crypto and physical gifts is a sure way to please a gift recipient and make real the connection between the virtual and physical worlds.
Why custom physical gifts work better
Creating a tangible connection to the crypto world
Many of us experience crypto spaces in the virtual, intangible realm of our screens only. Custom physical gifts are a way to bridge that gap by making digital elements tangible. Bitcoin personalized keychains or Ethereum T-shirts, for instance, can help it to build real emotional connections that boost a sense of identity and community.
Personalization and uniqueness
One of the finest benefits of custom physical gifts is the level of personalization, which ensures that someone can give something that meets the personal needs or tastes of the gift recipient. When a gift is personalized, the recipient’s favorite crypto details can be added. Such a present is unique not only in design, but it also shows that someone cares for their loved ones, and the recipient feels truly appreciated and respected.
Practical use and long-term value
Unlike virtual gifts, bespoke physical gifts can be used in daily life. A crypto mug or hat, for instance, is utilitarian and fashionable. Certain products like custom lapel pins and coins can also be collectible and increase in value over time, allowing the owner to have instant use and long-term sentimental and investment value.
Types of custom physical gifts
Custom gifts can be categorized based on purpose and style to better match different recipient needs:
Everyday Practical Items
Mugs
The classic mug is an everyday essential. A custom mug with crypto designs or symbols is functional and thoughtful.
Personalized Keychains
Personalized Keychains are mini space-capable items that can be carried around to show love for crypto and blockchain. They can be made out of metal or plastic, and they can have different shapes. The products can be engraved with crypto symbols and messages, in case someone wants to have a permanent and discreet reminder of the world of crypto.
Stickers
Stickers are versatile, and they can be stuck to laptops, phones, notebooks, and much more. They tend to be popular with younger crypto fans, and are fairly cheap to mass customize, hence really good for community events or promotions.
Wearable and Display Items
Hats
Custom hats like baseball caps or beanies can include embroidered or printed crypto logos and catchphrases. Practical for sun or warmth protection, they also allow us to express ourselves through fashion.
Clothing
Important for everyday life, the likes of T-shirts and hoodies – or jackets – can be personalized with designs and wording. These comfortable and multifaceted pieces allow recipients to take daily life with a touch of crypto culture, or simply appeal to the fashion-savvy.
Socks
While it is niche, custom socks are practical and can even have someone’s crypto token icons, a simple meme, or the recipient’s favorite color.
Cufflinks
Perfect for professionals and detail-oriented receivers, cufflinks may be made of metal with engraved crypto logos, simple blockchain designs, or even a recipient’s initials. They work well with dress clothes while making a subtle statement about crypto interest, fusing usefulness and sophistication.
Collectible and decorative items
Custom lapel pins
Custom lapel pins come with collectible value and can be engraved with the recipient’s name, a wallet address abbreviation, or important dates. Custom lapel pins may be added to articles of clothing or backpacks, or they can be collected in albums or frames as mementos of crypto coin memories.
Custom Coins
Custom Coins make great keepsakes. A coin with crypto-related designs can commemorate notable occasions in the crypto world.
Medals
Ideal for community recognition, event prizes, or individual accomplishments. Custom medals can be engraved with award titles, recipient names, and crypto-themed designs. Together with sophisticated packaging, they recognize accomplishment and build enduring crypto memories.
Neon sign
A Neon sign is a one-off decoration item. A neon sign will perfectly complement any home or office environment. With crypto logos or patterns, or words, neon signs bring a colorful mood that best shows the charm of the crypto world.
How to choose the right crypto gift
Choose Based on Recipient Type
Levels of interest people have in cryptocurrency influences cryptocurrency gifting. Beginners in cryptocurrency can be gifted functional and easy-to-understand items that can be used in everyday life, like mugs or keychains with cryptocurrency logos, which help them to slowly understand the cryptocurrency area and bring it into their everyday lives.
For experienced investors or developers, a collectible or unique token of affection is ideal. These can be custom lapel pins or luxury items that speak to their identity and accomplishments.
Choose based on usage scenario
Take into account the usage environment of the recipient who will be using or wearing the gift. If the recipient is working in an office, they can always be delighted with an office-friendly gift like cryptographically themed notebooks or mugs.
For the one who likes to attend the crypto meetings or clubs, get them items that let them do so more, such as customizable t-shirts, hats, pins, and help them stand out.
If they’re a household fan, choose a gift that doubles as a collector’s item and is household-friendly, like a neon sign for a cozy corner, giving them yet another one of those unique tools they get to play with whenever they transform their own living space.
Choose based on budget
Crypto gift shopping should also consider the budget. Various personalized physical gifts keep changing their prices, be it stickers that cost a few dollars or precious metal commemorative coins that are worth thousands of dollars. For tight budgets, a practical little gift can still be a memorable one; for heftier budgets, luxurious wearable accessories or collectibles can provide a stronger buzz of delight and value.
Conclusion
As the world of crypto keeps on growing, physical custom gifts provide a novel and heartfelt way to show affection and support for the culture surrounding crypto. As they bridge the digital world by catering to personal tastes and providing practical and long-term utility, these gifts are gaining recognition in the crypto community.
Whether as birthday presents, holiday gifts, or collector’s items, these customized crypto gifts work as a connection between the virtual and real worlds, capturing feelings and financial worth. They’re more than just a gift – they’re experiences that bring the crypto universe to life, make it unforgettable, and personal.
Disclosure: This content is provided by a third party. Neither crypto.news nor the author of this article endorses any product mentioned on this page. Users should conduct their own research before taking any action related to the company.
Dubai’s Virtual Assets Regulatory Authority has published a detailed guidance document detailing how token issuers should operate.
Summary
- VARA has published detailed guidance clarifying how virtual assets should be structured, disclosed, and distributed in Dubai.
- The framework defines three issuance categories and assigns clear responsibilities to issuers and licensed intermediaries.
- Stablecoins and asset-referenced tokens now face specific requirements on reserves, disclosures, and investor protections.
Rather than introducing new legislation, the document interprets VARA’s existing Virtual Asset Issuance Rulebook, offering clearer direction on how different types of tokens should be handled in practice.
The update comes as the regulator continues to refine its bespoke framework for digital assets, distancing itself from jurisdictions that rely on traditional securities or payments laws to govern token launches.
Classifications based on risks
At the core of the guidance is a three-part classification system that separates token issuances based on their structure and risk profile.
Category 1 covers fiat-referenced and asset-referenced virtual assets, including stablecoins and RWA-style tokens, while Category 2 applies to issuances that must be distributed through VARA-licensed intermediaries. A third group carves out exempt virtual assets with limited functionality, reducing compliance burdens for simpler use cases.
Each pathway comes with clearly defined responsibilities. In Category 2 issuances, licensed distributors are tasked with conducting due diligence and ensuring ongoing compliance, placing accountability not just on issuers but also on entities involved in distribution. The framework moves away from treating all tokens as uniform products, instead aligning oversight with how each asset functions in the market.
The framework includes specific provisions for stablecoins and asset-referenced tokens, setting expectations around reserve assets, redemption rights, and legal structuring.
Speaking to crypto media, Ruben Bombardi, general counsel at Virtual Assets Regulatory Authority, said the regime offers “greater regulatory clarity,” as many virtual assets do not map neatly onto existing categories.
Bombardi said the framework is designed to support “informed decision-making” by improving how risks and asset characteristics are disclosed to users.
The update builds on a series of recent moves by the regulator to expand its rulebook in line with market activity. Earlier this month, VARA expanded its framework for exchanges to cover crypto derivatives.
Brent crude futures dropped 19.24% on April 8 after the US-Iran ceasefire removed the war premium from oil price in a single session. Then violations, and a loaded threat from Trump, pulled it 8.45% back up.
The whiplash created the widest two-day range since the conflict began in February. Meanwhile, a hidden bullish divergence on the daily chart and a short-covering pattern in open interest suggest the bounce may have more room to run. Whether oil price reclaims $100 or rolls back toward $90 depends on which force wins between diplomacy and escalation.
A 19% Drop, an 8% Bounce, and a President Who Says the Guns Stay Loaded
Brent crude futures fell from roughly $111 on April 7 to a low of $90.34 on April 8, a 19.24% single-day decline triggered by the Pakistan-brokered US-Iran ceasefire. The market priced in an end to the Strait of Hormuz disruption within hours.
That pricing lasted less than a day. Gulf nations reported attacks during the first 24 hours of the truce, and Iran attached conditions to its commitment to reopen the strait. Oil price responded immediately, bouncing 8.45% from the low as the ceasefire’s credibility crumbled.
Then Trump weighed in. Late on April 8, the President posted on Truth Social that all US military assets, including ships, aircraft, and personnel, will remain in place around Iran until a final agreement is fully complied with. He added that if compliance fails, the response would come back “bigger, and better, and stronger than anyone has ever seen before.”
Beneath the geopolitical whiplash, the daily chart carries a technical signal. Between March 10 and April 8, Brent crude made a higher low while the Relative Strength Index (RSI), a momentum indicator measuring the speed of price changes, made a lower low. This is a hidden bullish divergence, a signal that the underlying uptrend may continue despite the surface-level chaos.
Open interest tells a similar story. Since late March, open interest has been declining during price rallies, a pattern consistent with short covering rather than fresh buying. The previous rallies between March 2-9 and March 19 onward both coincided with falling open interest. The current bounce fits the same template.
The technical signals lean bullish. But technical signals in a war-driven market need confirmation from positioning data. The options market provides that next layer.
BNO Options Still Lean Bullish but Hedging Activity Rises
The United States Brent Oil Fund (BNO) put-call ratio, which compares bearish put options to bullish call options, shows that bulls still dominate but with slightly less conviction than before the crash.
On April 6, before the ceasefire, the volume ratio sat at 0.15 and the open interest ratio at 0.29. Both readings were extremely bullish, meaning call activity outpaced puts by a wide margin. By April 8, after the crash and bounce, the volume ratio had doubled to 0.32 while the open interest ratio edged down to 0.27.
The doubling of the volume ratio suggests some traders added hedges via puts after the 19% drop. However, 0.32 remains well below 1.0, meaning calls still dominate puts by roughly 3 to 1. The open interest ratio dipping from 0.29 to 0.27 also hints that some long positions may have been liquidated during the crash.
Implied volatility sits at 90.58% with an IV percentile of 91%, meaning options are pricing in more turbulence ahead. The market expects more large moves. The direction of those moves depends on whether the ceasefire holds or fractures further.
With the RSI divergence, short covering, and options positioning all leaning bullish, the oil price chart becomes the final decider.
Oil Price Levels That Determine the Next Move
Brent crude trades at $96.86 inside an ascending channel that has been intact since late February. The April 8 crash touched the lower trendline near $90.34 and the 50-day EMA at $89.81. Both held. The channel survived its deepest test since formation.
The key level on the upside is $100.45 at the 0.382 Fibonacci level. This zone aligns closely with the 20-day EMA at $100.29. The last time oil price properly reclaimed the 20-day EMA was January 8, and the rally that followed did not lose steam until the ceasefire announcement. A daily close above $100.45 would signal that the bounce has graduated from short covering to renewed trend strength and could push prices toward $112.34 at the 0.618 level and $120.82 at the 0.786 level.
On the downside, $93.08 at the 0.236 level is the first support. Below that, $90.34 at the April 8 low is the floor. A break below $90 would take Brent outside the ascending channel, turning the structure from bullish to neutral. That would expose $81.18.
The broader implications extend beyond oil. If Brent reclaims $100 and pushes higher, the petrodollar effect strengthens as oil-importing nations need more dollars to pay for crude. A stronger dollar would pressure gold, silver, and risk assets including crypto. If oil falls below $90 on a successful ceasefire, the reverse could play out.
$100.45 separates a 20-day EMA reclaim with a path back toward $112.34 from a failed bounce that retests $90 and the channel’s lower boundary.
The post Trump Reloads as Oil Price Claws Back From a 19% Ceasefire Crash appeared first on BeInCrypto.
Strategy’s (MSTR) perpetual preferred stock “Stretch” (STRC) traded roughly $333 million in volume on Wednesday, marking its seventh highest daily volume since debuting in July 2025.
Despite the heavy activity, STRC remained tightly anchored around its $100 par value throughout the session. This stability prompted executive chairman Michael Saylor to remark, “one penny of volatility, $330 million of liquidity, closed at par.”
STRC is designed to function as a short-duration, high-yield credit instrument, offering an 11.5% annual dividend paid monthly. Its structure incentivises trading close to par, allowing Strategy to efficiently utilise its at the market (ATM) issuance program to raise capital for additional bitcoin purchases.
The company may have acquired more than 2,000 BTC on Wednesday via the STRC ATM, according to STRC.live estimates.
The broader objective of STRC is to deliver double-digit returns with minimal price volatility, effectively combining income generation with capital stability.
In pre-market trading, Strategy shares were slightly lower at around $127, while STRC continued to trade at par near $100.
Six Swiss banks have joined forces with Swiss Stablecoin AG to test a Swiss franc-pegged stablecoin. UBS, PostFinance, Sygnum, Raiffeisen, Zürcher Kantonalbank, and BCV announced the initiative on April 8.
The sandbox runs on Ethereum using ERC-20 and will operate throughout 2026.
No Regulated CHF Stablecoin Exists Yet
Stablecoins have grown rapidly in international importance, but the market remains dominated by USD-pegged tokens like USDT and USDC. Switzerland currently lacks a regulated Swiss franc stablecoin with broad application. The sandbox aims to address that gap.
The participating institutions will test selected use cases in a controlled live environment with defined safeguards, including transaction limits and a restricted participant pool. Swiss Stablecoin AG provides the technical infrastructure for issuing the stablecoin.
Two Systemically Important Banks Involved
The consortium includes two of Switzerland’s four systemically important banks: UBS and the Raiffeisen Group. The combination of traditional banking institutions like UBS and Raiffeisen alongside digital-first players like Sygnum signals that Switzerland’s financial establishment is taking stablecoin infrastructure seriously.
Several participants are not new to tokenized finance. UBS, BCV, Raiffeisen Switzerland, and Zürcher Kantonalbank already participated in the Swiss National Bank’s Project Helvetia pilot, which tested wholesale CBDC on six Digital Exchange for settlement. The new sandbox is a private stablecoin test rather than a central bank project, but the operational experience carries over.
Stablecoin Sandbox Open to Additional Participants
The sandbox remains open to other interested banks, companies, and institutions. This positions the project as a framework that could expand rather than a closed pilot. The focus is on building a Swiss ecosystem for digital money, developing capabilities in digital payments, and gaining practical insights for the industry.
The initiative follows similar efforts in Europe. A consortium of 12 banks, including BBVA, ING, and UniCredit, announced Qivalis, a digital euro stablecoin set to launch in the second half of 2026. A separate group of 10 banks, including Bank of America, Deutsche Bank, Goldman Sachs, and UBS, is also exploring stablecoin issuance.
What This Means for Switzerland
The sandbox represents Switzerland’s largest multi-bank collaboration on digital finance infrastructure. While MiCA-compliant Swiss franc stablecoins like AllUnity’s CHFAU already exist, the Swiss banking consortium aims at the institutional settlement layer.
The test runs through 2026. A sandbox interim report is expected in the second half of the year. For the broader market, access terms and specific use cases remain undisclosed. For banks and tokenization platforms watching the Swiss stablecoin infrastructure, this is the first multi-bank live test of its kind in the country.
The post 6 Swiss Banks Launch Swiss Franc (CHF) Stablecoin Sandbox appeared first on BeInCrypto.
South Korean crypto exchange Bithumb has filed for a provisional attachment to freeze assets tied to users who have yet to return 7 BTC that remain missing after a February payout error, a move aimed at supporting a civil lawsuit to recover the funds. The court-backed measure was reported by Chosun Biz on Thursday and marks the latest chapter in a highly visible post-mortem of the incident.
On February 6, the exchange intended to distribute a total of 620,000 won ($420) to 249 event winners. Instead, a system input error sent out 620,000 BTC, briefly valuing the mistaken transfers at roughly 62 trillion won ($42 billion). Bithumb reversed the transactions within minutes, but a portion of the funds had already moved, prompting the recovery effort that continues to this day.
Following the incident, Bithumb announced it had recovered 99.7% of the funds on the same day. The remaining 0.3%, or 1,788 BTC, had already been sold, with the company covering that shortfall from its reserves. As of the latest reporting, the exchange has been contacting affected users individually and recouping most of the proceeds from those sales, though a small number of recipients have refused to return the balance, arguing they are not responsible for the erroneous transfers, according to Chosun Biz’s account.
Cointelegraph reached out to Bithumb for comment but did not receive an immediate response at the time of publication.
Key takeaways
- The provisional attachment targets users who have not returned 7 BTC missing from a February payout error that briefly distributed 620,000 BTC.
- The incident involved a mistaken transfer valued at about 62 trillion won ($42 billion) after an input error in the payout process.
- Bithumb says it recovered 99.7% of the funds on the same day; 1,788 BTC were sold, with reserves used to cover the remaining shortfall.
- Some recipients have refused to return the remaining funds, but South Korean law generally treats mistaken transfers as unjust enrichment and expects return of the assets.
- Regulators have moved quickly to tighten controls, with the Financial Services Commission ordering exchanges to reconcile ledgers with actual holdings every five minutes after the incident.
Provisional measures and the legal path forward
The filing for provisional attachment underscores Bithumb’s intent to press claims ahead of a civil case. By freezing assets tied to non-compliant recipients, the exchange aims to secure a path to full recovery while the broader dispute unfolds in court. The approach reflects a cautious, rule-driven stance common in asset recovery efforts involving mistaken transfers, where the balance between user rights and corporate accountability is tested in real time.
From rapid reversal to regulatory tightening
The February payout debacle prompted broader scrutiny beyond the immediate recovery efforts. In response, South Korea’s Financial Services Commission ordered exchanges to reconcile their internal ledgers with actual holdings at five-minute intervals to accelerate detection of discrepancies and prevent delays in addressing errors. Earlier assessments had found that three of the five major domestic exchanges performed reconciliations on a daily cadence, creating a potential lag between misentries and corrective action.
The rapid regulatory nudge comes as the industry continues to digitize, complicate, and democratize access to crypto markets in a densely regulated environment. While the Bithumb incident centered on a single promotional payout, the reforms are framed as systemic safeguards to minimize spillover risk across exchanges and users alike.
What readers should watch next
Market participants and retail users will want to monitor the court’s handling of the provisional attachment and any subsequent rulings on the remaining unreturned funds. The case could shape how exchanges structure payout processes, how aggressively they pursue mistaken transfers, and how the legal framework delineates responsibility when automated systems misfire. In the near term, observers should also track how the five-minute reconciliation rule influences incident responses and the speed at which authorities and firms close gaps in asset verification and recovery.
TLDR:
- Oceanus and HashKey signed an MOU to deploy stablecoin settlement across Asian trade finance corridors.
- The partnership integrates AI-driven ODIN platform with regulated infrastructure to improve settlement efficiency.
- Stablecoin settlement enables faster, secure transactions for commodity trades including seafood, meats, and wines.
- The initiative targets the $2.5 trillion trade finance gap affecting SMEs in global markets.
Stablecoin settlement is advancing into global trade finance as Oceanus Group Limited and HashKey Group formalize a strategic partnership.
The two firms signed a Memorandum of Understanding to deploy regulated infrastructure across Asian trade corridors.
The collaboration aims to reduce inefficiencies in cross-border transactions while addressing the persistent funding shortfall affecting small and medium enterprises engaged in commodity trade.
Building Infrastructure for Trade Finance Efficiency
The agreement is executed through Oceanus Digital Intelligence Network Pte. Ltd and HashKey Technology Services Pte Ltd.
Both entities will integrate their platforms to enable stablecoin settlement across commodity transactions. This structure is designed to support faster settlement cycles and reduce counterparty risks in international trade flows.
Oceanus is transitioning from its origins in aquaculture into a technology-focused enterprise. Its ODIN platform uses artificial intelligence to manage trade finance workflows.
By enabling stablecoin-based payments, ODIN connects buyers and sellers through a unified digital system that supports compliance requirements.
Adrian Teo, CEO of ODIN, stated that the partnership marks a shift in Oceanus’s strategic direction. He said it moves beyond a conventional vendor relationship into a peer-level collaboration. He added that Oceanus is strengthening how food trade operates through digital asset integration.
HashKey will serve as the institutional settlement layer within the partnership. Its regulated infrastructure is expected to provide the necessary safeguards for digital asset transactions.
This setup allows stablecoin settlement to function within established financial frameworks while maintaining operational reliability.
Expanding Stablecoin Use in Real-World Asset Markets
The initiative focuses on deploying digital assets into real-world asset transactions. Commodity trades involving seafood, meats, and wines are included in early use cases. These trades demonstrate how stablecoin settlement can handle high-value transactions in traditional industries.
Oceanus is adopting compliant processes to accept and issue payments in stablecoins globally. This transition supports faster settlements compared to conventional banking channels. As a result, trading partners can operate with improved efficiency and reduced transaction delays.
Jason Tay, Managing Director at HashKey Technology Services Pte Ltd, described the partnership as part of a broader strategy.
He stated that HashKey is working to connect traditional finance systems with digital asset infrastructure. He also noted that regulated settlement rails are necessary for institutional adoption.
He added that the collaboration enables stablecoin capital to move into real-world trade environments. This approach supports broader financial access while maintaining security standards.
Through this structure, stablecoin settlement is positioned as a functional tool for modern trade finance systems.
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