Top 10 Crypto Stories This Week: Power Moves, Hacks, Tokenized Stocks & Legal Battles

The crypto world never sleeps, and this week is no exception. From Pakistan’s surprising investment in Bitcoin mining and AI infrastructure to a $260 million DeFi hack on the SUI network, the headlines reflect a mix of bold innovation, high-stakes risks, and regulatory developments. Whether you’re a seasoned investor or simply trying to keep up, here’s a concise breakdown of the ten most important crypto stories making waves right now.

Pakistan Allocates 2000 MW for Bitcoin Mining and AI Without Taxes

In a bold move to position itself as a global tech hub, Pakistan has allocated 2,000 megawatts of electricity specifically for Bitcoin mining and artificial intelligence data centers. The energy allocation will come without any taxes or import duties, creating an attractive environment for both domestic and international investors.

BitGo CEO Targeted by Scammers Through Physical Mail

The CEO of BitGo, a leading crypto custody provider, revealed that scammers recently attempted to defraud him via traditional mail. Unlike the usual phishing attempts through email or messaging apps, this case involved a physical letter sent to his address, showcasing an unusual but sophisticated method of deception.

User Pays $120,000 in Bitcoin Transaction Fee

A Bitcoin user mistakenly paid a transaction fee of 1.1 BTC, equivalent to approximately $120,000 at current market rates, sparking conversations across the crypto community. While such errors are rare, they can occur when users manually input fees, especially when network congestion is low and high fees are unnecessary.

Binance Lists Trump Family’s Stablecoin, USD1

Binance has officially listed USD1, a new stablecoin reportedly backed by the Trump family, on its trading platform. The listing has generated significant buzz in both political and crypto circles, as it represents an unusual intersection of U.S. political branding and decentralized finance. While details on the coin’s backing and issuance remain sparse, its presence on the world’s largest crypto exchange gives it immediate visibility and potential liquidity.

$260 Million Stolen in Cetus Protocol Hack on SUI

Cetus, a major decentralized liquidity protocol operating on the SUI blockchain, suffered a devastating hack that resulted in the loss of $260 million in digital assets. The breach is one of the largest in recent DeFi history and raises concerns over the security measures employed by projects on emerging Layer 1 networks. In response, Cetus has paused operations and is working with blockchain security firms to trace the stolen funds and identify the attackers.

Kraken to Offer Tokenized Stock Trading for Apple, Tesla, Nvidia

Kraken is set to launch a new feature allowing users to trade tokenized versions of major U.S. stocks, including Apple, Tesla, and Nvidia. This move bridges traditional finance with crypto by offering 24/7 trading access to tokenized shares that represent real-world equity. The new service is expected to attract both crypto enthusiasts and traditional investors looking for greater flexibility and global market access outside regular stock exchange hours.

Tether Prints Additional 2 Billion USDT

Tether has minted an additional 2 billion USDT, fueling speculation about increased demand or upcoming institutional inflows into the crypto market. The issuance brings Tether’s total circulating supply to a new high and cements its status as the largest stablecoin in the ecosystem. While Tether claims these are “authorized but not issued” tokens prepared for future usage, critics continue to question the transparency and backing of its reserves.

Solana Prepares for Alpenglow: A Fundamental Network Overhaul

Solana developers have announced a forthcoming major upgrade named “Alpenglow,” which aims to completely overhaul the network’s core architecture. This technical revamp focuses on improving scalability, reliability, and performance by redesigning key backend systems. The Alpenglow upgrade reflects Solana’s commitment to long-term infrastructure improvements as it seeks to support a growing ecosystem of decentralized apps and maintain its position as a leading high-speed blockchain.

SEC Shifts Regulatory Strategy on Crypto Industry

The U.S. Securities and Exchange Commission (SEC) is reportedly revising its regulatory approach to the crypto industry, signaling a more collaborative and structured engagement with digital asset companies. This change comes after years of lawsuits and enforcement actions that have drawn criticism for stifling innovation. The new approach could pave the way for clearer guidelines, better compliance pathways, and improved investor protections in the rapidly evolving crypto space.

Coinbase Faces Lawsuit Over Biometric Data Collection

A class-action lawsuit has been filed against Coinbase, accusing the crypto exchange of unlawfully collecting and storing users’ biometric data without obtaining explicit consent. The legal complaint focuses on facial recognition and fingerprint data gathered through identity verification processes. If upheld, the case could have significant implications for how crypto platforms handle sensitive user information and may lead to stricter compliance measures across the industry.

About Paybis

Paybis is a global cryptocurrency exchange platform that provides fast, secure, and user-friendly digital asset transactions. Founded in 2014, the company specializes in fiat-to-crypto and crypto-to-fiat conversions, enabling users to buy, sell, and swap Bitcoin, Ethereum, and other cryptocurrencies using various payment methods, including credit/debit cards, bank transfers, and e-wallets.

With a strong focus on security and compliance, Paybis is registered with regulatory authorities and implements industry-leading AML/KYC procedures. The platform is known for its intuitive interface, 24/7 customer support, and competitive exchange rates, making it a preferred choice for both beginners and experienced traders.

Wrapping Up

As the crypto ecosystem continues to evolve, these stories highlight the rapid pace of innovation and the risks that come with it. From national governments backing mining operations to major security breaches and legal scrutiny, the landscape is shifting on all fronts. Staying informed is more crucial than ever as crypto continues to blur the lines between finance, technology, and regulation.

Written by

Sergey Zhuk

Sergey Zhuk is a developer at Paybis and a passionate advocate for Web3 and blockchain technology. With hands-on experience in crypto development, he writes about the latest trends, innovations, and insights in the blockchain space. When he's not coding, he enjoys exploring new use cases for decentralized technologies.