Crypto World
Philippine SEC Warns Against dYdX, Crypto Platforms
The Philippine Securities and Exchange Commission (SEC) has issued a public investor alert warning Filipinos not to invest in dYdX and six other crypto trading platforms, saying they are not registered or authorized to solicit investments in the country.
In a Facebook post on Tuesday, the SEC named dYdX, Aevo, gTrade, Pacifica, Orderly, Deriv and Ostium, stating that based on its findings, the platforms appear to be offering investments to the public in exchange for promised returns, profits or interest.
The regulator said none of the listed entities are registered with the Commission or hold the required authorization under its crypto-asset service provider (CASP) framework, which requires firms offering crypto-related services in the Philippines to obtain licenses and meet capital and operational requirements.
The SEC also warned that individuals promoting any of the listed platforms in the Philippines may face criminal liability under the Securities Regulation Code. Under Sections 28 and 73 of the law, violators could be fined up to 5 million Philippine pesos (about $89,000) or imprisoned for up to 21 years, or both.
The advisory highlights a broader shift toward stricter enforcement in the Philippines, where regulators have increasingly moved from warnings to access restrictions. On Dec. 24, 2025, Philippine regulators blocked Coinbase and Gemini as part of their broader crackdown on unlicensed CASPs.
Broader crackdown on unlicensed crypto operators
The latest advisory comes as Philippine regulators continue to step up enforcement against crypto platforms operating without local authorization.
In 2024, authorities moved to block access to Binance after a compliance deadline expired, with regulators also directing app stores to remove the trading platform’s app from users’ devices in the country.
Related: Cambodian lawmakers propose severe prison time for crypto scammers
The crackdown has since expanded to include other major platforms. In August 2025, the SEC issued an advisory naming 10 exchanges, including OKX, Bybit, KuCoin and Kraken, for offering crypto services without registration, warning that their activities exposed Filipino investors to risks.
While regulators have targeted unlicensed operators, compliant firms have continued rolling out crypto products. In 2025, PDAX partnered with Toku to enable stablecoin salary payouts, while digital bank GoTyme launched crypto services with Alpaca, allowing users to buy and hold digital assets within its app.
Magazine: Telegram avoids Philippines ban, yen carry trade going onchain: Asia Express
Pi Network price has dropped 10% from its weekend high, ending even lower than where it began the week. Despite this, the token could be preparing for a turnaround as three catalysts align to support a bullish recovery.
Summary
- Pi Network price fell to $0.168 after hitting a three-week high of $0.187, but upcoming Protocol 22 upgrade and ecosystem developments could support a rebound.
- Smart contract progress and rising developer activity, along with expectations around Consensus 2026 announcements, are driving renewed interest in the token.
- A break above $0.187 could open a move toward $0.20, while failure to hold $0.165 support may push price toward the $0.15 level.
According to data from crypto.news, Pi Network (PI) price rallied to a three-week high of $0.187 on Saturday before profit-taking drove it back down to $0.168, losing all of its gains and testing local support levels.
Despite the recent pullback, the token could soon witness a strong rebound as three major fundamental factors begin to take effect.
First, the upcoming Protocol 22 mandatory upgrade deadline on April 27 is forcing a massive migration of network nodes. This technical overhaul is designed to strengthen the mainnet infrastructure, and historical trends suggest that such high-stakes network updates often lead to a tightening of available supply as holders move assets into secure wallets.
Second, the successful integration of smart contracts on the testnet has reached a critical stage. With the source code now public on GitHub, developers are flocking to the ecosystem to build decentralized applications. This shift from a simple mining app to a fully functional smart contract platform is expected to drive significant utility and demand for the token.
Third, anticipation is building for the Founders’ keynote at the upcoming Consensus 2026 conference. This high-profile appearance is expected to provide the mainstream validation the project has sought for years. Major announcements regarding the open mainnet roadmap during the event could serve as a massive spark for investor confidence.
On the daily chart, Pi Network price action shows that the next immediate resistance sits at the $0.187 mark, which coincides with the 100-day Exponential Moving Average. This level has proven to be a difficult hurdle for bulls to clear during recent attempts
A strong break above this resistance would likely confirm a bullish trend reversal and open the doors for a rally toward the $0.20 psychological level. If momentum continues to build behind the Protocol 22 upgrade, we could even see a test of the $0.214 yearly high.
Conversely, if the token fails to hold its current support at $0.165, it could trigger a deeper correction toward the $0.15 range. This would likely occur if the broader market remains under pressure from geopolitical tensions or if there are further delays in the smart contract rollout.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
Crypto scammers are exploiting Iran’s closure of the Strait of Hormuz by posing as Iranian authorities and offering stranded ships safe passage in exchange for tether (USDT) and bitcoin (BTC).
According to Reuters, the Greek maritime risk management firm MARISKS has warned shipowners that some ships stranded on the west side of the gulf have received suspicious “clearance” proposals from scammers looking to exploit confusion over the Strait of Hormuz and Iran’s crypto toll proposal.
The senders are demanding crypto, and MARISKS warned: “These specific messages are a scam.”
Iranian government officials announced that the Strait of Hormuz would be closed in early March, and threatened to “set ablaze” any ships trying to cross following the US and Israel’s attacks.
Then, on April 8, Iranian oil exporters’ union spokesman Hamid Hosseini announced that Iran’s authorities would email shipowners and arrange a BTC payment in exchange for passage.
Read more: How bombing Iran shifted oil and bitcoin prices
The statement was confusing to say the least. He claimed that BTC payments would take seconds (they take several minutes), that they would be untraceable (BTC is very traceable), and that they would circumvent sanctions (the US has already sanctioned Iranian BTC wallets).
Strait of Hormuz keeps opening and closing
Additionally, the Strait’s closure, reopening, and now second closure haven’t helped ships looking to leave the region either.
In one instance, two Indian vessels set off on April 18 to cross the Strait, believing they’d been given clearance from Iran. However, Iranian authorities opened fire on the vessels, forcing them to turn around.
Read more: US-Israeli war with Iran forces TOKEN2049 cancellation
This happened on the same day that the Strait of Hormuz was briefly reopened. Iran quickly closed it again due to the US blockade put in place on April 13.
A number of cruise ships with passengers onboard reportedly managed to flee the Gulf when it briefly reopened, and seemingly came under fire. More recently, the US seized an Iranian container ship on Sunday that attempted to pass its blockade.
Overall, there are reportedly 20,000 ships stranded in the Gulf.
Negotiations and peace talks between the US and Iran were underway last week and managed to secure a 10-day ceasefire agreement, which ends tomorrow. There are reports that more negotiations will take place this week.
Various Asian countries are allowed to pass through the Strait, including Pakistan, India, and the Philippines.
Chinese ships reportedly also passed safely, and President Xi Jinping has called for the route to remain open.
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The United Kingdom is revisiting its payments rulebook to support the adoption of new fintech and payment technologies, including stablecoins and tokenization. In a government announcement, HM Treasury and Economic Secretary to the Treasury Lucy Rigby said the consultation will reform payment services and electronic money rules to create a single framework for both traditional and tokenized payments. The move reflects an ongoing policy shift to bring digital assets more fully into the regulated financial system.
According to Cointelegraph, legislation is expected to take effect in 2027 as part of the sector’s evolving regulatory architecture.
The Treasury described the reforms as a move to establish a cohesive framework for traditional and tokenized payments, covering stablecoins and tokenized deposits. It also said it plans to reduce administrative burdens for companies seeking stablecoin payment services, signaling a push to cement the UK as a global hub for digital assets.
The Treasury also named former Financial Conduct Authority veteran Chris Woolard as digital markets champion for its Wholesale Financial Markets Digital Strategy, a move intended to bolster efforts to drive the adoption of tokenized digital assets. Woolard emphasized the importance of digitization and the value of collaboration between public authorities and industry in maintaining the UK’s competitiveness in digital markets.
The package was unveiled during UK Fintech Week in London, a cross-industry event supported by Innovate Finance and other organizations. The plan foregrounds stablecoins and tokenization as central to the payments system and frames regulatory reform as a core pillar of this effort.
The broader crypto-regulatory framework in the UK continues to develop in parallel, with authorities signaling a staged rollout of rules alongside ongoing consultations and legislative work.
Key takeaways
- Unification of traditional and tokenized payments into a single regulatory framework, including stablecoins and tokenized deposits.
- Regulatory relief intended to reduce administrative burdens for firms offering stablecoin payment services.
- Appointment of Chris Woolard as digital markets champion to guide the Wholesale Financial Markets Digital Strategy and tokenized asset adoption.
- Exploration of how AI agents executing transactions should be regulated, signaling a new regulatory dimension for automated payments.
- Legislation expected to take effect in 2027 as part of the UK’s evolving digital asset framework.
Unifying payments: tokenization, stablecoins, and deposits
According to the Treasury, the reforms seek to create a single, coherent framework that spans traditional payment rails and tokenized equivalents. By recognizing stablecoins and tokenized deposits as integral elements of the payments system, the framework aims to provide clear licensing, oversight, and prudential expectations for entities offering tokenized payment services. The move is framed as a policy instrument to reduce regulatory fragmentation and align the UK with other advanced digital markets in facilitating consumer protection and financial stability as digital money becomes more programmable.
Administrative relief for stablecoin services
The government signals that legislation will streamline processes for firms seeking to offer stablecoin services, with the objective of promoting legitimate activity while preserving AML/KYC compliance, consumer protections, and robust governance. Industry observers note that such simplifications can improve regulatory certainty, reduce time-to-market, and attract digital asset infrastructure providers to operate within the UK’s supervised framework.
Digital markets leadership and implementation horizon
Chris Woolard’s appointment as digital markets champion underscores the government’s intent to anchor digital asset strategy in wholesale market reform. His role will include support for the Wholesale Financial Markets Digital Strategy and the broader push to accelerate the use of tokenized digital assets in regulated markets. Woolard has stressed the need for ongoing dialogue between regulators and industry to ensure that the UK remains globally competitive while preserving consumer protections and market integrity.
AI agents and the future of payments regulation
As part of the package, the government is examining how payment regulations should apply when artificial intelligence agents act on behalf of consumers or businesses. This reflects a recognition that automation could alter how payments are initiated, authorized, and settled, raising questions about accountability, oversight, and consumer safeguards in a rapidly evolving payments ecosystem.
Looking ahead, the reforms will be tested in implementation, with cross-border alignment and enforcement strategies likely to shape outcomes for institutions, fintechs, and banks operating in the UK.
Crypto World
BeInCrypto 100 Institutional Awards Nomination: Visa for Best Stablecoin Infrastructure
Stablecoins are getting bigger, a $320 billion market. But real payments are still in the early innings. Last year, a massive $33 trillion was processed through stablecoins, but less than 1% of it was actually used for payments. VISA is building the bridge to fill this gap.
Visa is nominated for Best Stablecoin Infrastructure in the Tokenization & On-Chain Finance category at the BeInCrypto Institutional 100 Awards 2026.
Annualized stablecoin settlement run rate
$4.6 billion
Stablecoin-linked card programs
130+
Countries with issuance enabled
50+
Bridge card rollout
18 countries live
Monthly active stablecoin addresses tracked by Visa
47 million
The nomination reflects how the company has moved beyond pilots and built a broader stablecoin stack across settlement, card issuance, payouts, analytics, advisory work, and blockchain governance.
Visa is proving critical to the stablecoin market as it reaches a new scale. While capitalization has hit $320 billion, the activity is largely institutional.
Visa’s own analysis shows only a small share of adjusted stablecoin volume comes from transfers under $250.
That gap explains Visa’s strategy. The company is not treating stablecoins as a niche crypto product. It is treating them as new payment rails and treasury infrastructure.
“We’re still at the very early stages of stablecoin adoption. Even with $33 trillion in volume, only about 1% is tied to real payment use cases. From Visa’s perspective, stablecoins are another form of money. We’re focused on how they can improve money movement, especially through stablecoin-linked cards, where the card becomes the bridge between digital assets and everyday spending,” said Andranik Mnatsakanyan, EU Stablecoin Practice Lead at Visa.
Turning On-Chain Money Into Something You Can Spend
By early 2026, Visa’s global stablecoin settlement activity had reached an annualized run rate of about $4.6 billion. The company now supports more than 130 stablecoin-linked card programs across 50+ countries.
The core buildout started with USDC settlement and has since expanded into a wider operating model. US issuers and acquirers can settle obligations with Visa on-chain, including over Solana, with support from early participants such as Cross River Bank and Lead Bank.
That has pushed stablecoins deeper into Visa’s existing network. Instead of sitting outside traditional payments, they now connect directly to the systems that issuers and fintechs already use.
Visa’s stablecoin card strategy is especially important because it solves a practical problem. Stablecoins may move quickly on-chain, but users still need a way to spend them in everyday commerce.
“Card is becoming the bridge. This is where your crypto, when you add in the wallet, now becomes a real fund that you can spend anywhere,” said Visa’s EU Stablecoin Practice Lead.
That logic now sits behind Visa’s partnership with Bridge, the Stripe-owned stablecoin infrastructure platform.
By March 2026, Bridge-powered Visa cards were live in 18 countries, with a plan to expand to more than 100 by year-end.
Building the Stack Behind the Spend
Visa’s stablecoin work now goes well beyond cards.
In late 2025, the company launched a pilot that lets businesses using Visa Direct send payouts that recipients can choose to receive in USDC.
The product has use cases like creator payouts, freelancer earnings, and cross-border disbursements where speed and dollar stability matter.
At the same time, Visa Consulting & Analytics launched a Stablecoins Advisory Practice to help banks, fintechs, and merchants plan issuance, custody, and treasury strategies. That shows the company sees stablecoins as an infrastructure shift, not just a product feature.
Visa has also moved into the governance layer. In March 2026, it was selected as a Super Validator on the Canton Network, a privacy-enabled institutional blockchain used by major financial institutions. Visa received the highest governance weight of 10, giving it real influence over upgrades and network direction.
A Bet on Where Money Moves Next
Visa has also built infrastructure for bank-issued tokens through the Visa Tokenized Asset Platform, or VTAP. The platform allows banks to mint, burn, and manage their own stablecoins and tokenized money products.
That is why Visa stands out in this category. It has built across the full chain: settlement, cards, payouts, advisory services, validator roles, analytics, and token issuance tools.
The BeInCrypto Institutional 100 Awards recognize firms building the systems that could define the next phase of finance. Visa’s nomination reflects its role in turning stablecoins from a crypto asset into usable financial infrastructure.
The post BeInCrypto 100 Institutional Awards Nomination: Visa for Best Stablecoin Infrastructure appeared first on BeInCrypto.
Since the freeze, ZachXBT reported that the attackers had begun moving funds from Ethereum mainnet to Bitcoin.
Ethereum Layer 2 Arbitrum said that its Security Coucil has taken emergency action to freeze approximately 30,766 ETH, worth over $71 million, tied to this weekend’s KelpDAO exploit.
Arbitrum announced on X late Monday night that it acted with input from law enforcement, which had provided information about the exploiter’s identity. After what it described as significant technical diligence, the L2 said it executed an approach that moved funds without affecting any other chain state or Arbitrum users.
As of April 20 at 11:26pm ET, the funds were successfully transferred to an intermediary frozen wallet, where they can only be moved by further action from Arbitrum governance, per Arbitrum’s X post.
On-chain investigator ZachXBT reported this morning that since the Arbitrum freeze, the attackers had moved $1.5 million from Ethereum mainnet to Bitcoin via decentralized swap protocol Thorchain, as well as another $78,000 routed through Umbra.
The intervention follows what appears to be DeFi’s worst exploit this year so far. The original exploit, which struck KelpDAO’s LayerZero-powered bridge on April 18, saw an attacker mint approximately $293 million worth of unbacked rsETH and drain over $200 million in real WETH from Aave before markets could freeze — leaving the lending protocol with hundreds of millions in bad debt.
LayerZero said in a postmortem published yesterday, April 20, that the attack is likely attributable to North Korean state-sponsored hacker group Lazurus Group.
DeFi Community Response
The Arbitrum Security Council’s move marks a rare use of emergency governance powers to directly intervene in fund recovery from a public chain, with coordination from law enforcement signaling this incident has drawn regulatory attention.
YCC founder Duo Nine called the move “Good move for the users affected, bad new for decentralization,” adding:
“This sets a precedent where with good justification any assets on Arbitrum can be taken from your wallet.”
On-chain security expert Taylor Monahan had a different take, characterizing Arbitrum freezing funds as DeFi collectively “rugg[ing] DPRK of $70M.” Monahan continued:
“I want to say thank you to EVERYONE who played a role. Including those who pushed back […] DeFi fucking wins.”
White hat hacker and founder of blockchain security organization Security Alliance samczsun also had a positive take on the move, posting this morning “huge day for victims of the kelp dao hack,” and continuing:
“i hope that we can look back on today as the day our industry realized that we can simultaneously build useful products while also protecting users rather than be a consequence-free infinite money glitch for hackers.”
This article was written with the assistance of AI workflows. All our stories are curated, edited and fact-checked by a human.
Pi Crypto Network is trading at approximately $0.17, down over 85% from its all-time high, and traders are asking whether any technical catalyst exists to reverse the bleeding.
The 24-hour price change sits at roughly -1.16% to +1.42%, a range that signals indecision rather than conviction.
No confirmed smart contract integrations, mainnet upgrades, or major exchange listings have been reported for Pi Network in the last 48 hours, according to data aggregators including CoinGecko and CoinMarketCap.
The volume surge is real; the price response, so far, is not. PI underperforms both the global market (+0.50% weekly) and Layer-1 peers (+1.90% weekly), with its 7-day decline ranging from -1.40% to -9.49% across trackers.
Broader crypto sentiment remains mixed, giving PI little tailwind heading into the weekend.
Can PI Crypto Price Recover From Its 85% Drawdown?
PI is currently priced between $0.1687 and $0.1799 across major exchanges, with OKX showing $0.1733 and Coinbase at $0.1706. The all-time high of $2.98–$3.00, hit in late February 2025, now sits 85–94% above current levels.
The cycle low of $0.1312, printed on February 11, 2026, remains the line in the sand. PI is currently sitting just 32% above that floor, which is a thinner margin than it looks.
The volume spike to $23 million is the most interesting development here (and arguably the only one).
Historically, volume surges without price follow-through can precede either accumulation or distribution; the direction depends on whether buyers are absorbing sell pressure or sellers are offloading into thin bids.
PI is in that classic post-hype phase where the next move depends on whether real demand shows up, not just announcements, because reclaiming $0.20 is the level that flips momentum and opens the door toward $0.25 to $0.28, especially if volume stays strong and the roadmap actually brings attention back.
Right now, though, it looks more like a fade, with price likely settling between $0.16 and $0.18 as the volume spike cools and no new catalyst steps in, so instead of continuation, you get sideways drift.
The risk is underneath, because if $0.1312 breaks, the structure weakens fast, and $0.10 becomes the next obvious level.
And the bigger point here is simple: smart contracts alone do not move price; adoption does, and without real usage or integrations, that gap to previous highs does not close just because the feature exists.
Maxi Doge Eyes Early-Stage Upside While PI Searches for a Floor
Traders watching PI bleed against its ATH are increasingly eyeing earlier-stage plays — assets where price discovery hasn’t happened yet, rather than chasing recovery in a token already down 85%.
That psychological pivot is exactly where Maxi Doge enters the conversation.
MAXI is an ERC-20 meme token built around a single, genuinely unhinged concept: a 240-lb canine juggernaut embodying a 1000x leverage trading mentality. The tagline, Never skip leg-day, never skip a pump, is absurd on purpose, and it’s working.
The presale has raised $4,746,601.68 at a current price of $0.0002814, with dynamic staking APY available for holders looking to compound while the presale runs.
Features include holder-only trading competitions with leaderboard rewards, a Maxi Fund treasury backing liquidity and partnerships, and meme-first marketing engineered for viral reach.
The gym-bro energy is the product, but the mechanics underneath it are structured. Ethereum’s smart contract infrastructure, covered in depth in Ethereum’s memecoin ecosystem analysis, provides the rails. Presale assets carry significant risk; price discovery post-listing can go either direction.
For those allocating: research Maxi Doge here before the current presale stage closes.
The post Can Smart Contracts Save Pi Crypto Plummeting Price? appeared first on Cryptonews.
Crypto World
Ripple Just Moved $100 Million in XRP Crypto On-Chain While Exchange Reserves Hit a Bearish Signal: Which Side Wins?
Ripple has shifted $100 million worth of XRP crypto on-chain, and the timing is loaded. The $100M transfer landed as exchange dynamics turned contradictory.
Data shows XRP exchange reserves climbed to 2.76 billion tokens, a classic bearish signal pointing to potential sell pressure building on the order books.
Ripple just moved 75,000,000 XRP worth $107,000,000 on-chain — Xaif Crypto (@Xaif_Crypto) April 20, 2026
something's always cooking when Ripple moves this quietly… $XRP pic.twitter.com/W0WYXZQuRW
Yet simultaneously, US-listed XRP ETFs posted $3.32 million in fresh inflows, and institutional accumulation surpassed $200 million over the same window, actively pulling tokens off exchanges and tightening available supply. XRP has a history of bottlenecks in price before violent moves in either direction.
Trading volume surged 20% to $2.9 billion in 24 hours, and that kind of spike rarely resolves quietly.
The broader market faces headwinds from geopolitical tensions and rising oil prices, adding another variable to an already contested technical setup.
Can XRP Crypto Price Hold $2.15 Support or Is a Deeper Pullback Coming?
XRP crypto is sitting right on a pressure point, and $1.55 is the level holding everything together, because price is hovering just above it, and one weak close can flip sentiment fast.
The recent drop from $1.40 shows momentum has cooled, but volume is still strong, which means this is not a dead market, just one that is deciding its direction.
If $1.45 holds and buyers step back in, that is where the structure stays intact, and a move toward $1.50 to $1.55 comes into play, with higher targets only opening if momentum really builds again.
The risk is clear: if $1.35 breaks with volume, the uptrend is gone in the short term, and that is where price can drop toward the $1.20 to $1.10 area quickly.
So this is one of those tight setups where everything comes down to one level, hold it and structure survives, lose it and the whole tone shifts.
Bitcoin Hyper Draws Early Attention as XRP Tests Critical Support
XRP’s post-550% 2024 rally leaves it operating at an $87.96 billion market cap, the math on another 10x from here is genuinely difficult.
Traders chasing asymmetric returns are scanning earlier-stage infrastructure plays, and one is pulling serious capital right now.
Bitcoin Hyper has raised $32,466,226.06 at a current presale price of $0.0136789, and the positioning is hard to ignore.
The project is building the first-ever Bitcoin Layer 2 with Solana Virtual Machine (SVM) integration, targeting sub-second finality that the team claims outperforms Solana itself.
The pitch cuts at Bitcoin’s three core limitations: slow transactions, high fees, and zero programmability. A Decentralized Canonical Bridge handles BTC transfers, while the SVM layer enables fast, low-cost smart contract execution, all without abandoning Bitcoin’s underlying security.
Staking is live, with a high APY already attracting early participants. Presale assets carry substantial risk and no guarantee of exchange liquidity post-launch; standard caveats apply.
For traders watching XRP consolidate near resistance, researching Bitcoin Hyper’s presale terms takes about three minutes and costs nothing.
The post Ripple Just Moved $100 Million in XRP Crypto On-Chain While Exchange Reserves Hit a Bearish Signal: Which Side Wins? appeared first on Cryptonews.
A fake courier tried to steal a French crypto worker’s private keys at gunpoint, but was disarmed in a struggle, underscoring France’s surge in “wrench” attacks.
Summary
- A French crypto industry worker fought off an armed intruder posing as a delivery driver who tried to extort his private keys at gunpoint.
- Police arrested a 25-year-old suspect three days later and charged him with attempted armed robbery, as “wrench attacks” surge across France.
- With Paris positioning itself as a European crypto hub, France now leads the world in crypto kidnappings, with roughly one case every 2–5 days in 2026.
In the early morning hours of April 11, a French crypto worker and his family narrowly escaped an armed home invasion after a man posing as a delivery driver tried to force him to hand over private keys at gunpoint, in the latest example of so‑called “$5 wrench attacks” targeting digital asset holders. The incident, detailed in local reports from the Montpellier region and since echoed in national coverage of crypto crime, saw the attacker enter the family home, corral the victim, his wife, and their children into the living room, and demand wallet access while brandishing a handgun.
Fake delivery, real gun
When the victim’s answers apparently confused the intruder, the assailant stopped to call an accomplice, creating a brief opening that allowed the 40‑year‑old crypto worker to wrestle for control of the weapon. Neighbours called police as the struggle spilled out of the house, and after a three‑day manhunt, officers arrested a 25‑year‑old suspect from Hérault, who has since been charged by a Montpellier court with attempted armed robbery and remanded in custody.
The attack fits a broader pattern. France’s interior ministry and local media have tracked a sharp rise in physical robberies and kidnappings linked to cryptocurrency, with authorities estimating at least 41 crypto‑related kidnappings so far in 2026 alone — roughly one every 2.5 days, up from about 20 such cases between 2023 and 2025. A recent intelligence brief noted that 10 out of 20 global kidnapping‑for‑crypto cases recorded by mid‑2025 had occurred in France, attributing the concentration partly to Paris’ push to become a global crypto hub and host frequent high‑profile industry events.
High‑visibility figures have also been hit. In February, masked gunmen attempted a home invasion targeting Binance France president David Prinçay in Val‑de‑Marne, fleeing only after realising he was not home, while other gangs have kidnapped relatives of crypto executives on Paris streets and in satellite towns around the capital. In March, a couple near Versailles were forced at knifepoint to transfer roughly $1 million worth of Bitcoin to attackers impersonating police, underscoring how criminals now routinely exploit both social engineering and brute force to reach seed phrases and hardware devices.
French officials have begun promising “preventative measures” for crypto professionals and wealthier retail holders, including specialised police units, awareness campaigns, and enhanced security at conferences such as Paris Blockchain Week, where VIPs have recently been escorted by police motorcades. For rank‑and‑file crypto workers, though, the latest handgun incident in Montpellier is a blunt reminder that operational security now extends well beyond cold storage opsec and into basic personal safety — from home access controls and delivery protocols to how loudly they talk about their holdings in public.
Grayscale amended its Hyperliquid ETF filing on April 20, replacing Coinbase with Anchorage Digital Bank as custodian for the proposed fund, a switch that goes beyond operational logistics.
Coinbase Custody Trust Company is the primary custodian for nearly all U.S.-traded spot bitcoin ETFs, making its removal from this filing a deliberate signal rather than a routine substitution.
The core question: does swapping in a federally chartered bank custodian improve Grayscale’s regulatory positioning with the SEC on a fund tied to an asset whose underlying perps platform is currently ring-fenced from U.S. users?
- Custodian change: Anchorage Digital Bank replaces Coinbase as custodian in Grayscale’s amended HYPE ETF S-1, filed April 20, 2026.
- Anchorage’s regulatory status: First federally chartered crypto bank in the U.S., carrying OCC-granted qualified custodian designation – a distinction Coinbase does not hold.
- Coinbase’s dominance context: Coinbase Custody Trust Company serves as primary custodian for nearly every U.S. spot bitcoin ETF; its absence here is structurally notable.
- Anchorage’s recent valuation: Tether’s $100 million strategic equity investment in February 2026 valued the firm at $4.2 billion, up from $3 billion in its 2021 Series D.
- Open approval question: Staking optionality in the HYPE ETF remains subject to separate regulatory approval; the fund would trade on Nasdaq under ticker GHYP if cleared.
Discover: The best crypto to diversify your portfolio with
What the Anchorage Appointment Actually Signals About Grayscale’s SEC Strategy
Anchorage Digital Bank holds a national trust charter issued by the Office of the Comptroller of the Currency, making it the only federally chartered crypto-native bank in the United States.
That designation carries qualified custodian status under federal banking law, a credential the SEC has increasingly scrutinized in digital asset custody arrangements.
Choosing Anchorage over Coinbase signals that Grayscale is prioritizing regulatory architecture over the operational convenience of using its existing ETF custody infrastructure.
Coinbase’s exchange-affiliated model, while dominant across the bitcoin ETF landscape, raises questions about conflicts of interest in its custody arrangements, a concern regulators have raised in broader crypto market structure discussions.
Anchorage operates purely as a custodian and bank, with no retail trading platform, eliminating that conflict vector entirely. Grayscale had already added Anchorage as a secondary custodian for portions of its Bitcoin and Ethereum trusts in August 2025, so this is an escalation of a relationship already in place, not a cold introduction.
Competitor filings provide a useful benchmark: 21Shares named Anchorage Digital Bank N.A. and BitGo Bank & Trust N.A. as joint custodians in its Amendment No. 2 filed April 14, 2026, for its Nasdaq-listed THYP fund. The convergence on Anchorage across multiple HYPE ETF filings suggests a shared read among issuers that the OCC charter carries weight in SEC review.
Approval Outlook: What the SEC Weighs Next Around Hyperliquid ETF
Grayscale’s initial HYPE ETF proposal was filed March 20, 2026, following earlier filings from Bitwise, which confirmed a 0.67% sponsor fee in its amended S-1, and 21Shares.
Whether Monday’s amendment resets the SEC’s review clock as a material update is a consequential procedural question; if it does, the approval timeline extends accordingly.
The fund’s staking feature remains the largest outstanding regulatory variable; the filing explicitly conditions it on separate SEC approval, meaning the core listing decision and staking authorization are effectively two distinct regulatory events.
Discover: The best pre-launch token sales
The post Grayscale Amends Hyperliquid ETF Filing, Replaces Coinbase With Anchorage as Custodian appeared first on Cryptonews.
DoorDash is working with Stripe- and Paradigm-backed Tempo to explore paying delivery workers in stablecoins, as Visa, banks and fintechs plug into Tempo’s rails.
Summary
- DoorDash is working with Stripe- and Paradigm-backed Tempo to explore paying delivery workers in stablecoins.
- Tempo has launched a “stablecoin consulting” arm to help corporates design use cases and wire stablecoins into existing payment and banking stacks.
- Visa, Stripe, Coastal Community Bank, ARQ, OnePay, Felix, Fifth Third Bank, and Howard Hughes Holdings are all integrating payments or infrastructure with Tempo.
DoorDash is teaming up with blockchain project Tempo to explore paying its delivery couriers in stablecoins, in one of the clearest signs yet that on-chain dollars are creeping into mainstream U.S. gig work. Fortune reports that the collaboration is part of Tempo’s new “stablecoin consulting” service, which promises to help enterprises identify concrete use cases and then dispatch engineers to embed stablecoin rails into their existing products.
DoorDash pilots stablecoin paychecks
Tempo, incubated by payments giant Stripe and crypto venture firm Paradigm, is building a dedicated layer‑1 blockchain optimized for high-speed, low-cost stablecoin payments rather than trading, and raised around $500 million at a $5 billion valuation in 2025. The company pitches itself as “a payments-first blockchain” that can handle real-world payroll, remittances, and machine-to-machine payments at scale, with fees paid directly in dollar-pegged stablecoins instead of a volatile native token.
According to a note shared with Fortune, Tempo’s new advisory unit will consist of a small dedicated team that leans on the broader organization’s engineering bench to help clients scope stablecoin scenarios, design treasury flows, and integrate with core banking and payment systems. Coastal Community Bank and financial services platform ARQ are already building stablecoin infrastructure on top of Tempo, while Visa, OnePay, Felix, Fifth Third Bank, and Howard Hughes Holdings are wiring parts of their payment operations into the network.
Stripe, which has published its own guidance on how businesses can use stablecoins for global payouts, sees Tempo as the natural extension of its card and bank rails into 24/7 on‑chain settlement, particularly for cross‑border platforms, AI agents, and high-frequency micropayments. Paradigm, meanwhile, has framed Tempo as the missing piece in a crypto “stack” that has historically been tuned for speculative trading rather than predictable, regulated consumer payments.
If the DoorDash pilot and early bank integrations succeed, the Tempo model could give large platforms a template for shifting at least part of their payroll, supplier settlements, and embedded finance products onto stablecoin rails—without forcing users to grapple with typical crypto UX or custody headaches. For gig workers and merchants, that could eventually translate into faster, programmable payouts; for regulators, it will intensify debates over how to oversee stablecoin-based wages and deposits as they move from crypto niches into mainstream labour markets.
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