South Korea seeks 20-year term for Delio CEO in $169 million crypto case: report
South Korean prosecutors sought a 20-year prison term for Delio CEO Jeong Sang-ho for allegedly embezzling 250 billion won ($169 million) in crypto assets from 2,800 customers between 2021-2023. The case highlights custody risks in unregulated crypto services, particularly relevant as Indian investors increasingly explore offshore platforms. The court ruling is scheduled for July 16.
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Germany’s AllUnity expands EURAU to Solana as euro stablecoins gain traction
Germany's AllUnity expanded its MiCA-compliant EURAU stablecoin to Solana, enabling faster, cheaper euro transfers for cross-border payments and trading. The move reflects surging European demand for regulated euro tokens, which doubled since early 2025 to nearly $1 billion. Backed by DWS, Flow Traders, and Galaxy Digital, EURAU targets institutional adoption amid EU regulatory push for compliant digital assets.
US seized $500M in Iranian crypto assets, Treasury secretary says
The US Treasury seized nearly $500 million in Iranian cryptocurrency assets, surpassing the previously disclosed $344 million figure. Treasury Secretary Scott Bessent announced the seizure as part of Operation Economic Fury, targeting Iran's financial infrastructure including crypto wallets and Tether's stablecoin holdings. The campaign intensifies economic pressure on Tehran amid currency crisis and broader sanctions targeting Iran's banking, shipping, and missile sectors.
South Korea’s Shinhan Card taps Solana to test real-world stablecoin payments
Shinhan Card signed a deal with Solana Foundation to expand stablecoin payment tests and explore non-custodial wallets and DeFi-based services....