Ethena Labs Exits Germany, Ends MiCAR Pursuit Following BaFin Agreement

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.
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Swedish Lawmakers Urge Finance Minister to Explore National Bitcoin Reserve

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.
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Trump Family to Launch Blockchain Real Estate Game Inspired by MONOPOLY GO!

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.
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Phantom Faces Lawsuit over Security Vulnerabilities in Crypto Wallet

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.
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Mantra Collapse Sparks Debate on Trust in DeFi, Says Analyst

Mantra (OM) token experienced a catastrophic DeFi collapse on April 13, losing 90% of its value and erasing $6 billion in market cap. Despite no confirmed hack, large token movements before the crashed raised suspicions of insider trading. Analyst Jean Rausis warned about overhyped Layer 1 blockchains suggesting a return to fundamentals like Ethereum.
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Can ETF Hype Push SOL Past $150? Traders Eye Breakout Levels

Solana (SOL) has gone down by 0.75% in the past 24 hours and currently sits at $132 per token but this cryptocurrency has had a good week as odds that a Solana ETF will be approved by the U.S. Securities and Exchange Commission (SEC) skyrocketed in the past few days.Wagers on Polymarket have raised the […]
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New Phishing Scheme Targets Crypto Futures On MEXC Exchange

JFrog Security Research warned about a sophisticated phishing scheme targeting crypto futures traders on MEXC exchange. The malicious “ccxt-mexc-futures” package overrode legitimate CCXT library functions to redirect user requests to fake domains, stealing API keys and trading credentials. Researchers found multiple versions using common obfuscation techniques to hide malicious code.
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