Cloudflare announced a US dollar-backed stablecoin called NET Dollar to enable instant payments for AI-driven services and global online transactions. The company plans to use it for automated micro-payments and cross-border settlements, but has not given a launch date.

Hwang Jung-eum was given a suspended two-year prison sentence after embezzling 4.34 billion won from her own company to invest in cryptocurrency. She has fully repaid the money, and the court considered her a first-time offender when handing down the sentence.

Circle is exploring ways to make USDC transactions reversible in cases of fraud or hacks while keeping settlements mostly final. The plan involves its new Arc blockchain, aimed at institutions, to add fraud protection without fully breaking blockchain rules.

South Korea’s ruling party has set up a task force to create new crypto laws and aims to pass key rules by the end of 2025. The group will focus first on stablecoin regulation and plans to involve government agencies, the central bank, and private firms.

MrBeast has offered a $100,000 reward to help catch scammers who tricked Erik Bergman out of $1.25 million. The fraud used fake messages and high-profile names to make Bergman transfer money to bogus crypto wallets.

Meta added an AI assistant to Facebook Dating to help users find matches and suggest profile ideas. It is also testing a weekly surprise match feature called Meet Cute to cut down on endless swiping.

A US court has rejected Justin Sun’s attempt to stop Bloomberg from reporting his crypto holdings worth over $3 billion. The judge ruled there was no confidentiality agreement and dismissed his security concerns, allowing the details to be published.

Bolivians are increasingly using Tether (USDT) for purchases, with a recent Toyota sale completed entirely in cryptocurrency. Stablecoins are gaining ground as a practical alternative to scarce US dollars amid rising inflation and limited cash access.

Futu Securities and Tiger Brokers have tightened rules, now only allowing mainland Chinese residents with permanent overseas residency to open new accounts. This change limits access to offshore trading after regulators cracked down on cross-border brokerage activity.

A teenage hacker and an accomplice accessed a Crypto.com employee account, exposing personal information of a small number of users. No customer funds were stolen, but the breach has raised questions about the exchange’s security and transparency.