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According to Businesswire, regulators in Nevada have officially sued the prediction market platform Kalshi, seeking a court order to prohibit Kalshi from continuing its "unlicensed sports betting operations." At the same time, regulators pointed out that Kalshi is experiencing rapid growth, with trading volume on Super Bowl Sunday this year being 27 times that of last year.So far, a spokesperson for Kalshi has declined to comment on the matter but disclosed that they have requested a federal court to handle the case, noting that only federal law applies to prediction markets, and the issues underlying the state government's new enforcement action are the same as those currently being considered by the federal court.

According to CoinDesk, at the Consensus Hong Kong conference, Sui executives Stephen Mackintosh and Evan Cheng stated that 2025 will be a "watershed year" for institutional crypto adoption, as the introduction of the "Genius Act" has significantly increased institutions' understanding and demand for crypto assets.Mackintosh pointed out that the surge in Digital Asset Treasury (DAT) tools, the successful issuance of spot Bitcoin ETFs, and the entry of large trading firms like Citadel and Jane Street all indicate that institutions are accelerating their investments in crypto infrastructure and talent. He noted that even though market sentiment may weaken temporarily, options trading volume has reached record levels, and the structural growth trend remains unchanged, stating that "institutional demand has never been stronger."Cheng emphasized that traditional finance (TradFi) and decentralized finance (DeFi) will move towards integration rather than competition in the future. He pointed out that traditional products often have a "T+1" or longer settlement period, while DeFi offers "T+0" instant settlement, providing a clear efficiency advantage. Through asset tokenization, investors can immediately engage in collateralized lending after acquiring assets, thereby layering DeFi strategies on top of traditional exposures.Both executives also stated that tokenization and "agentic commerce" (AI-driven on-chain transactions) will become key focus areas in the next phase.

Hong Kong Legislative Council member Wu Jietzhuang posted on the X platform, stating that the gradually relaxed policies in Hong Kong will allow licensed companies and industry practitioners to fully realize their potential. The Chief Executive of the Special Administrative Region has proposed that the first batch of stablecoin issuer licenses will begin to be issued starting in March this year, which is believed to further enhance society's recognition and practical application of Web3. It is suggested that Hong Kong consider establishing a dedicated agency or department to comprehensively coordinate the development direction related to digital and crypto assets.For example, consider introducing clear guidelines or regulations to allow decentralized autonomous organizations (DAOs) to operate more compliantly in Hong Kong, attracting more Level 1 public chain projects to thrive in Hong Kong.

According to Coinpost, the Financial Services Agency of Japan has released the "Cybersecurity Enhancement Guidelines (Draft) for Cryptocurrency Exchanges" and has begun a public consultation, with a deadline of March 11. The draft indicates that the methods of cyber attacks targeting cryptocurrency exchanges are becoming increasingly complex, with a rise in indirect attack methods such as social engineering and breaches through outsourced service providers. Relying solely on cold wallets is no longer sufficient to ensure security, and there is a need to strengthen overall supply chain security management.The draft also mentions suspected state-sponsored attacks and emphasizes the importance of asset protection from the perspective of national wealth preservation. The plan is based on three pillars: self-help, mutual assistance, and public assistance. In terms of self-help, it proposes to impose cybersecurity self-assessments on the cryptocurrency exchange industry starting from the fiscal year 2026 and to enhance security standards; for mutual assistance, it will strengthen the functions of industry self-regulatory associations and promote corporate participation in information-sharing organizations; for public assistance, it will continue to conduct international joint research, aiming for full industry participation in cybersecurity exercises within three years and conducting real environment penetration tests on some operators in 2026.

Animoca Brands and Ethoswarm (under CryptoSlam) announced a strategic partnership to jointly launch a new service, Animoca Minds, aimed at promoting the development of the Agent Economy.According to the introduction, Animoca Minds is built on the Ethoswarm protocol, with the goal of eliminating the hardware and technical barriers for AI applications, reducing complexity, and enabling non-technical users to deploy and operate sovereign and sustainably functioning AI agents. Users can "wake up" personalized, cloud-resident AI agents through Animoca Minds and interact with them using natural language, supporting communication methods such as email and Telegram.The platform offers a variety of preset agent roles to choose from, including market researchers for real-time industry trend analysis and crypto scouts for discovering emerging Web3 applications, helping users understand and explore the practical application scenarios of agent AI. Blockchain technology is utilized to support functions such as identity, economic incentives, and traceability, while related on-chain operations have been abstracted and simplified to enhance the overall user experience.

The Canadian investment regulatory agency CIRO recently released a new digital asset custody framework aimed at strengthening the regulation of cryptocurrency asset custody methods and enhancing investor protection.This framework draws on lessons learned from past events such as the collapse of QuadrigaCX, focusing on preventing hacking attacks, fraud, weak corporate governance, and bankruptcy risks. According to the guidelines, the new framework establishes a tiered, risk-based custody structure that imposes differentiated regulatory requirements on different custody models while allowing institutions to engage in compliant innovation.CIRO stated that as custody forms and cybersecurity risks continue to evolve, regulators will continuously update this framework to adapt to new industry developments.

According to Bloomberg, the chairman of the Commodity Futures Trading Commission (CFTC), Michael Selig, stated that the agency will develop new rules for the prediction market industry while withdrawing the proposal made in 2024 to ban sports and political prediction contracts, as well as a warning document regarding sports contracts released by staff in 2025.Selig emphasized that the CFTC will support legitimate innovation in this market and reaffirmed its exclusive jurisdiction over commodity derivatives. Selig also mentioned that the CFTC will collaborate with the Securities and Exchange Commission (SEC) to formulate cryptocurrency regulations while cooperating with Congress on the ongoing digital asset legislation. He pointed out that although regulators can issue rules, formal legislation is still necessary.

According to market news, the Financial Services Agency of Japan has opened a public consultation on the draft implementation guidelines involving cryptocurrencies, electronic payment tools, and financial institutions. The draft clarifies the specific execution requirements following the amendment of the Payment Services Act in 2025, including updates to official announcements, administrative guidelines, and regulatory rules.The draft covers multiple areas, including the designation of newly added bonds as supporting assets, the regulatory framework for electronic payment tools and cryptocurrency-related intermediary services, as well as updated regulatory guidelines for financial institutions and their subsidiaries. This consultation will end on February 27, 2026, after which the regulations will come into effect following the completion of necessary procedures, and the results of the consultation will be announced separately.It is reported that the Financial Services Agency of Japan is planning a comprehensive adjustment of the regulatory framework, aiming to launch the country's first spot cryptocurrency ETFs by 2028. The roadmap includes reclassifying cryptocurrencies as "specific assets" under the Investment Trust Act, promoting a reduction of the cryptocurrency capital gains tax from a maximum of 55% to a uniform 20%, and allowing time to strengthen custody and investor protection standards.

The Federal Court of Australia ruled that BPS Financial was fined AUD 14 million (approximately USD 9.7 million) for operating the Qoin wallet project without obtaining the necessary licenses and for making misleading statements to consumers.

According to The Block, the Financial Services Agency (FSA) of Japan has opened a public consultation period to solicit opinions on draft rules regarding the types of collateralized bonds for stablecoins, with a deadline of February 27, 2026.This move aims to implement the Payment Services Act of 2025 by defining the "specific trust beneficiary rights" of the issuer's reserves. The Financial Services Agency stated that the finalized standards will specify the asset composition of all regulated, yen-pegged stablecoins issued within that jurisdiction.

The blockchain security agency BlockSec stated that the FutureSwap protocol deployed on Arbitrum was attacked again by hackers exploiting a reentrancy vulnerability, just four days after its first attack, resulting in a loss of approximately $74,000.The attacker first over-minted LP tokens using the reentrancy function 0x5308fcb1 three days ago, and after the cooldown period ended, redeemed the excess collateral to realize profits.

According to PR Newswire, the Web3 AI agent platform Neuramint announced the completion of a $5 million seed round financing, with participation from Maelstrom, Borderless Capital, Selini Capital, Symbolic Capital, Lattice Fund, and Node Capital.It is reported that this financing will accelerate platform development, expand Web3 native SDK integration, and support the upcoming Neuramint Beta public test. The new funds will also drive further integration with major DeFi protocols and blockchain networks, supporting DeFi automation, NFT operations, cross-chain bridging, and large-scale DAO governance.

According to BlockSec monitoring, a suspicious transaction occurred on the Arbitrum chain involving the FutureSwapX contract, with an estimated loss of approximately $395,000.BlockSec stated that they have attempted to contact the team but have not yet received a response. It appears that the attacker stole funds through multiple changePosition operations, ultimately withdrawing USDC. Since the contract is not open source, the exact root cause still requires further investigation. Based on on-chain behavior, it is suspected that this incident may be related to unexpected fluctuations in stable balances during early position updates, which led to the release of USDC when positions were reduced or closed.

The institutions expect the U.S. December ADP employment change to be announced tonight at 21:15 (previous value: -32,000):Spartan Securities: +16,000; Sumitomo Mitsui: +34,000; Zürcher Kantonalbank: +40,000; Deutsche Bank: +40,000;Allied Irish Banks: +45,000; Bank of Nova Scotia: +45,000; Pantheon Macroeconomics: +45,000; PNC Financial Services: +48,000;Deutsche Bank: +50,000; Goldman Sachs: +55,000; Bank of Montreal: +56,000; TD Securities: +60,000;Rabobank: +70,000; Helaba: +75,000; Mizuho Bank: +80,000. (Jin Shi)

According to Financefeeds, the latest annual report from the Indian Financial Intelligence Unit (FIU-IND) shows that 49 cryptocurrency exchanges have successfully registered as reporting entities under the anti-money laundering framework, of which 45 are domestic companies and 4 are overseas platforms. The FIU requires all registered exchanges to monitor and report suspicious transactions, identify the actual owners of wallets, and track the flow of funds.In the fiscal year 2024-25, regulators imposed a total fine of 280 million rupees on non-compliant platforms and blocked 25 unregistered offshore exchanges, including BitMEX, LBank, and Phemex. Meanwhile, five major overseas exchanges, including Binance and Coinbase, have completed registration and continue to serve Indian users. The FIU plans to further strengthen regulation by requiring exchanges to conduct regular risk assessments and sanctions screening, making India one of the markets with the strictest regulations on cryptocurrency asset trading globally.

According to the official announcement, Pieverse has launched the Agentic Neobank model, upgrading AI agents to first-class account holders. After users deposit assets, the AI agent gains access to the assets and manages them autonomously: holding balances, configuring yield strategies, transferring via Gift Box, and participating in Agent Arena to earn rewards, with all operations being recorded.The core architecture consists of three main pillars: deposits, delegation, and yields. The system uses pie-wrapped tokens (such as pieBNB, pieETH) to achieve gasless cross-chain payments and settlements. Each agent operation generates auditable records: invoices, receipts, and verifiable checks, ensuring complete audit trails.AI agents can autonomously execute yield routing, Gift Box transfers, Arena competitions, and other operations, with users only needing to define intents and constraints. Pieverse plans to integrate fiat gateways, connecting to traditional banking infrastructure while maintaining traceability. Full functionality will be launched in the coming weeks and integrated into real-time activities.

According to Newsis, earlier this month, the ruling party of South Korea urged various ministries and the Financial Services Commission (FSC) to submit a regulatory bill for the Korean won stablecoin by December 10, but the FSC failed to submit the bill on time.An FSC spokesperson stated that the FSC needs more time to coordinate positions with relevant agencies, and rather than rushing to complete the proposal before the deadline, it is better to announce its proposal when submitting the bill to the National Assembly. The FSC described this move as a way to protect the public's right to know about the matter.

The National Tax Agency of Japan announced today that the results of the 2024 tax investigation show that a total of 613 on-site investigations were conducted regarding individual cryptocurrency transactions, recovering a total tax amount of approximately 4.6 billion yen, an increase of about 31.4% compared to the previous year's 3.5 billion yen, with the number of investigations also increasing by about 14.6% year-on-year. The National Tax Agency pointed out that cases related to cryptocurrency have significantly higher amounts of tax recovered per case and reported unreported income compared to the overall average level of income tax on-site investigations.Current focuses of tax investigations include the accuracy of profit and loss calculations, completeness of transaction records, and the reporting of special transactions such as DeFi, airdrops, mining, and staking; if multiple domestic and foreign exchanges are involved, all profits and losses must be reported together, otherwise it may be deemed as unreported. In addition, the National Tax Agency stated that it has continuously strengthened data collection and analysis of internet transactions and introduced AI technology to assist in selecting investigation targets. If unreported or underreported behavior is identified, in addition to paying back taxes, additional taxes and penalties may also be imposed, with unreported cases potentially incurring up to 20% additional tax. If there is intentional concealment or fraud, the additional tax rate can reach as high as 35% to 40%. At the tax system level, the Japanese government and the ruling party are discussing adjusting the taxation of cryptocurrency income from the current comprehensive taxation to a separate taxation similar to that of stocks, with a possible unified tax rate of 20%, and introducing mechanisms for offsetting profits and losses and loss carryforwards. The direction of related reforms is expected to be further clarified in the year-end tax reform outline.

Paxos co-founder Chad Cascarilla stated that Paxos has applied to the SEC to become a clearing agency. This move will allow Paxos to directly hold bonds and stocks and issue them natively on-chain, enabling users to hold the actual underlying assets instead of derivatives.

According to Yahoo News, the Financial Services Agency of Japan has revised its Q&A to clarify that offering CFDs (Contracts for Difference) and other derivatives based on overseas crypto asset ETFs as underlying assets is not ideal domestically, as Japan has not yet approved crypto ETFs and the investor protection environment is insufficient.The Financial Services Agency pointed out that such products are essentially linked to the prices of spot crypto assets and fall under the category of crypto derivatives, with inadequate risk disclosure and institutional development. As a result, IG Securities has announced that it will stop offering CFD trading based on U.S. spot Bitcoin ETFs (such as IBIT, etc.). The regulatory direction indicates that it will be difficult for overseas ETF-linked crypto derivatives to be relaxed in Japan in the short term.