BlackRock plans to launch two tokenized money market funds

According to Bits.media, the State Construction and Legislation Committee of the Russian State Duma has recommended the first reading of the Criminal Liability Act for Illegal Cryptocurrency Mining. The bill proposes to add Article 171.6 of the Criminal Law, which imposes penalties including fines, forced labor, imprisonment, and confiscation of cryptocurrencies on unregistered mining and unlicensed mining services. For those whose income or loss exceeds 3.5 million rubles, a maximum fine of 1.5 million rubles or two years of income will be imposed; Those who commit crimes within a gang or earn more than 13 million rubles will be fined up to 2.5 million rubles or three years of income, and may be sentenced to up to five years in prison and additional fines.

According to Cryptopolitan, the European cryptocurrency exchange Zondacrypto has gone bankrupt, with customer losses potentially exceeding $100 million. Polish media Onet Wiadomo ś ci revealed that the official head of the exchange appeared in Dubai with a man nicknamed "Maniek", who was accused of being the actual controller, while CEO Przemys ł aw Kral was only a "front runner". Kral disappeared after the company's reserves were exposed to have decreased by over 99%, and is now confirmed to be in the United Arab Emirates. Zondacrypto, formerly known as BitBay founded in 2014, was taken over and renamed by Kral in 2021, and relocated to Estonia for operation.

Arthur Hayes stated at Consensus Miami 2026 that 99% of altcoins may go to zero, which is a normal market cleansing phenomenon. He mentioned that since 1929, about 98% of companies in the S&P 500 index have gone to zero, and most stocks are also altcoins in the long run. Cryptocurrencies collapse faster due to their round the clock trading and unrestricted nature. He suggested treating tokens as software, as most failures due to inability to acquire users are a business norm. He believes that the price and future value of Bitcoin depend on the total amount and creation speed of fiat currency, and are not related to politics or regulation. At present, the trading price of Bitcoin is about $82000, and its utility lies in transferring value outside the traditional financial system. He also pointed out that centralized cryptocurrency companies seek regulation to protect their businesses, but it will not affect the effectiveness of Bitcoin or cryptocurrencies.

According to Bitcoin.com, Tether has filed a lawsuit with the Sao Paulo court in Brazil, demanding Titan Holding to repay a $300 million default loan. The loan was issued by Tether Investments in March 2025 with a term of 12 months, originally scheduled to mature on March 28, 2026, but has not been repaid. Tether requests the court to freeze the bank accounts, financial investments, and other assets of defendants such as Titan and Master Holding, and clarify that the loan does not involve reserves supporting USDT issuance, but is part of its loan portfolio. Titan Holding belongs to the Master Group, and its owner Daniel Vorcaro was arrested on Thursday.

[Galaxy Research: GENIUS Stablecoin Could Drive $1.2 Trillion Credit Expansion] According to a post by Galaxy Research Head Alex Thorn, the report refutes the view that the 'GENIUS Act' would impact U.S. bank deposits and provides quantitative analysis: 60%-70% of stablecoin growth originates from overseas, with foreign deposit inflows being twice the domestic migration volume. For every 1 GENIUS stablecoin minted, it could add $0.32 in net credit to the U.S. economy. By 2030, the baseline scenario for credit expansion is $400 billion, with an optimistic scenario reaching $1.2 trillion. Short-term U.S. Treasury yields could compress by 3-5 basis points, saving taxpayers up to $3 billion annually in borrowing costs. The report states that the interest transfer mechanism is merely a redistribution of profits and does not affect credit capacity.