A proposed class-action lawsuit filed in the U.S. District Court for the Northern District of California accuses JPMorgan Chase of providing the core banking services for an alleged $328 million crypto Ponzi scheme tied to Goliath Ventures. The complaint, brought by investor Robby Alan Steele, claims more than 2,000 investors were affected between 2023 and 2025, with around $253 million routed through one Chase account and $123 million sent on to Coinbase wallets.

Pump.fun has become the first platform on the Solana blockchain to exceed $1 billion in cumulative revenue since its launch in early 2024. The memecoin launchpad has generated about $1.08 billion in total earnings across 2024, 2025 and 2026, and has been running an aggressive PUMP token buyback program funded by protocol revenue. Recent domain records also show subdomains referencing Ethereum, Base, BSC and Monad, coinciding with the removal of Solana as the location on its X profile and hinting at possible cross-chain expansion.

On Wednesday, Mastercard launched a global Crypto Partner Program that brings together more than 85 crypto-native companies, payment providers, and financial institutions to collaborate on enterprise-focused digital asset products. The initiative involves firms such as Binance, Circle, Ripple, Gemini, PayPal, and Paxos, and builds on Mastercard's existing blockchain and crypto card infrastructure while expanding work on use cases like cross-border remittances, B2B transfers, payouts, and settlement.

Cameron and Tyler Winklevoss have transferred $130 million in bitcoin into hot wallets tied to their Gemini exchange over the past week, which Arkham described as likely preparation to sell. The brothers still hold $764 million worth of BTC, with Arkham estimating their lifetime bitcoin gains at around $1.8 billion, while their activity comes alongside sizable moves by Bhutan and South Korean authorities.

CFTC Chair Michael Selig said in a Monday speech that the United States is now the "crypto capital of the world" and outlined a regulatory agenda for digital assets. He detailed plans to create a joint crypto asset taxonomy with the SEC, issue guidance for non-custodial software developers and clarify rules for leveraged retail commodity transactions and true crypto-perpetuals. Selig also described new steps on prediction markets, including draft guidance for event contracts and a planned rulemaking to gather industry feedback.

Pakistan’s parliament has passed the Virtual Assets Act, 2026, turning the Pakistan Virtual Assets Regulatory Authority into a permanent federal regulator for digital assets with licensing and supervisory powers. The law, which takes effect upon publication in the official Gazette, introduces criminal penalties for unlicensed crypto operations, including fines up to PKR 50 million and prison terms of up to five years, and sets conditions for market entry for global firms.

Dubai's Virtual Assets Regulatory Authority on Thursday ordered four entities operating under the KuCoin brand to halt all virtual asset services in or from Dubai, citing a lack of required authorization under Law No. (4) of 2022 and Cabinet Resolution No. 111/2022. The regulator also stated that KuCoin's promotions and advertising had not been approved and warned residents against engaging with the exchange. Austria's Financial Market Authority separately barred KuCoin's European unit from new business despite an existing MiCA license, due to missing compliance staff.

Russia's central bank has proposed letting banks and brokerage firms run crypto exchanges via a simplified notification regime tied to their existing licenses. The draft framework would cap banks' exposure to digital assets at 1% of capital and classify cryptocurrencies and stablecoins as tradable currency assets while keeping them banned for domestic payments. Under the planned law, qualified investors would face no purchase limits, but non-qualified investors could buy up to 300,000 rubles annually through one intermediary, with the core rules expected to start applying on July 1, 2026.

A study by the Bitcoin Policy Institute tested 36 frontier AI models from six major developers across 9,072 monetary scenarios and found bitcoin was chosen in 48.3% of responses overall, including 79.1% of long-term store-of-value cases. Stablecoins led payment-related questions with 53.2% of responses compared with 36% for bitcoin, while 90.8% of all answers favored digital instruments over fiat and none of the models ranked fiat as their top overall preference.