Japan advances legislation to classify Bitcoin and cryptocurrencies as financial assets

According to Livecoins, the Brazilian High Court rejected the release request of suspect Luccas and upheld his detention in S ã o Paulo state. The case involves fraud against C&M Software, with the suspect accused of illegally accessing the company's clearing system and stealing approximately $160 million. Criminals dispersed funds into nearly 300 fake bank accounts and then used blockchain to exchange the funds for BTC and USDT for money laundering. In the attack in June 2025, a criminal organization bribed internal employees of the company to assist in cracking server passwords.

[Three Men in the U.S. Indicted for Alleged Kidnapping and Robbery Conspiracy Targeting Bitcoin Holders] Federal prosecutors in Connecticut have indicted three men from St. Louis, accusing them of participating in a home invasion and forced transfer conspiracy involving $100 million worth of stolen Bitcoin. Prosecutors stated that the victims were the parents of an individual who had previously been involved in the theft of $100 million worth of Bitcoin. The three men had scouted the area, rented a car, and prepared air guns and walkie-talkies, but abandoned the plan due to concerns about exposure. Subsequently, another group from Florida carried out a similar plan, which led to a carjacking and kidnapping incident.

Multiple encrypted KOLs have revealed that pump.fun is offering a $20000 signing bonus and a monthly compensation of $30000 to users of its competitor FOMO, requiring users to migrate to its app. The agreement terms include transfer of funds, use of dedicated wallets, public statements, permanent deletion of FOMO accounts, prohibition of using the wallet on competing platforms, and non defamation clauses. According to DefiLlama data, pump.fun has earned $6.49 million in the past 7 days, FOMO has earned $2.64 million in the past 7 days, and Flap has earned $1.39 million. Lawyer Ariel Givner analyzed that pump.fun's behavior did not violate any laws or regulations.

Santiment Intelligence reports that the transaction volume on the Bitcoin chain has surged, with 2.27 million new wallets added, reaching the highest level in the past year, and 751000 active wallets, setting a 10 month high. The Coldcard wallet security incident prompted users to transfer funds, create new wallets, and adjust risk exposures, driving an increase in wallet creation volume and activity.

Japan officially advances the legislative process of classifying Bitcoin and cryptocurrencies as financial assets. （The Bitcoin Historian）