The U.K. announced a new round of Russian sanctions

1. Britain issues a new round of Russian sanctions lists, with Bitpapapa, Huobi, Exmo etc

On May 26, the British Government issued a new round of Russian sanctions lists, listing Bitpapa IC FZC LLC, Huobi Global S.A., Expresso Exchange Limited, Aifory LLC, etc., on the grounds that they were suspected of providing financial services, funds or economic resources through the provision of A7 LIMOTED LIABILITY COMPANY. The sanctions are part of the British campaign against Russia ' s network of sanctions circumvention. They also target encrypted trading platforms such as Garantex Europe OU, banks and related businesses. According to Elliptic, this is the first time that the United Kingdom has imposed such sanctions on an encryption exchange under the relevant provisions。

2. KOREA ' S ENCRYPTED CURRENCY TRANSACTIONS HAVE DROPPED TO ONE TENTH OF KOSPI

With the collapse of the digital asset market in October 2025 and the continuous renewal of Korea’s combined stock price index (KOSPI), South Korea’s domestic trade activity in encrypted currency markets fell to one tenth of the stock market’s level. Data show that the total amount of encrypted money transactions at the five major Korean compliance exchanges (Upbit, Bitumb, Coinone, Korbit, Gopax) in May this year (as of 26 June) was only 8% of the amount traded at the KOSPI stock market during the same period. And in December 2024, when Trump was elected President of the United States, it had been as high as 323 per cent。

3. DTCC plans to connect DTC token services to the Stellar public chain

DTCC and Stellar Development Foundation announced plans to support the monetization of the Depository Trust Company (DTC) hosting assets on the Stellar network, which is expected to be online in the first half of 2027. DTCC had previously obtained the United States SEC ' s no-action letter in December 2025 authorizing the DTC to implement and operate a new service for the monetization of DTC hosting real-world assets. DTCC and SDF will assess the currencyization of eligible asset classes, including Russell 1,000 component units, ETF for tracking key indices, and high liquidity assets such as United States Treasury bills, bonds and notes。

The founder of OpenZeppelin claims that all DeFi is now considered unsafe

The co-founder of the encrypted security company OpenZeppelin, Manuel Aráoz, wrote that, due to the extreme asymmetries between the attackers and the defenders, he now considers “all DeFi” unsafe and has personally advised his relatives and friends to withdraw from all DeFi positions, including the Blue Line agreements Aave, MakerDAO and Comp sound. Aráoz pointed out that AI coding intelligence had reached superhuman levels in finding loopholes, that smart contract security was too asymmetric, that defenders needed to repair every loophole, and that the attackers needed only one loophole to steal money。

5. Donald Trump: CFTC ' s exclusive regulatory authority over the forecast market should be maintained, and the United States must protect the encryption industry

The President of the United States, Donald Trump, stated that maintaining the exclusive right of regulation of the CFTC to predict markets was “critical” and that the market should continue to develop. He indicated that, under his leadership, the United States was developing “rules” for the industry as a “state gold standard”. He also stated that the encryption industry was an important industry and that the United States must protect its development。

6. Supreme law: new rules for adjudicating cases, such as virtual currency, will be studied in depth

At a press conference on the theme “Fifty-five” held by the Press Office of the State Council, the Deputy Secretary-General of the Judicial Committee of the Supreme People's Court, Justice Liu Qianxiang, the Second Chief Justice of the Supreme People's Court, stated that the People's Court would study in depth the new rules for adjudicating cases such as virtual currency, cross-border finance and, as soon as possible, draft a judicial interpretation of civil compensation for insider trading and market manipulation in order to safeguard the sound functioning of capital markets and effectively safeguard the legitimate interests of small and medium investors。