Fnance Times

The April Elon Musk Poll conducted by UMass Amherst showed growing public skepticism about tech influence in government, as over half of respondents believed Musk had excessive power. With 59% doubting his ability to separate business interests from his governmental role, Democrats moved to introduce legislation for stronger ethics oversight.
 
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The British phishing scam orchestrated through Labhost led to Zak Coyne’s arrest at Manchester Airport and subsequent 8-year prison sentence. The sophisticated fraud platform provided criminals with fake government and banking websites, resulting in over $42 million USD in UK losses and affecting victims across 91 countries.
 
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Ethena Labs abandoned its MiCAR application and shuttered its German operations following enforcement action by BaFin. The synthetic stablecoin issuer migrated users to its British Virgin Islands entity, avoiding European regulatory hurdles. The case shows how MiCAR regulation reshaped Europe’s stablecoin landscape, with concerns about USDe’s yield-bearing variant potentially qualifying as a security.
The post Ethena Labs Exits Germany, Ends MiCAR Pursuit Following BaFin Agreement appeared first on Cryptonews. …

Swedish Bitcoin advocacy reached parliament as MPs Dennis Dioukarev and Rickard Nordin called on Finance Minister Elisabeth Svantesson to consider adding Bitcoin to national reserves. The lawmakers promoted a budget-neutral approach inspired by the U.S. model, even as Swedish authorities continued their skeptical stance toward crypto through enforcement actions against exchanges and miners.
The post Swedish Lawmakers Urge Finance Minister to Explore National Bitcoin Reserve appeared first on Cryptonews. …

The Trump Family Monopoly themed game project expanded their crypto presence beyond NFTs and meme coins into blockchain gaming. Led by Bill Zanker, the real estate-themed game drew comparisons to Monopoly GO! despite Hasbro confirming no licensing agreement existed. This venture complemented their broader Web3 strategy that included DeFi services, stablecoin development, and Bitcoin mining partnerships.
The post Trump Family to Launch Blockchain Real Estate Game Inspired by MONOPOLY GO! appeared first on Cryptonews. …

The Phantom lawsuit filed in New York alleged security vulnerabilities in the noncustodial wallet, including unencrypted browser memory that enabled theft of over $500,000 in tokens. The case exposed a pattern of similar breaches across multiple wallet providers and raised questions about third-party integrations with partners like OKX that faced prior legal troubles.
The post Phantom Faces Lawsuit over Security Vulnerabilities in Crypto Wallet appeared first on Cryptonews. …