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Quick Summary: Yuga Labs has settled its lawsuit against artists Ryder Ripps and Jeremy Cahen over an NFT collection that reused Bored Ape imagery. Yuga Labs has reached a settlement in its two-year legal battle against artist Ryder Ripps and Jeremy Cahen, bringing an end to a closely watched dispute in the NFT space. The case centered on the RR/BAYC collection, which reproduced imagery associated with Yuga’s flagship Bored Ape Yacht Club brand. Under the terms of the settlement, Ripps and Cahen are barred from using Yuga’s trademarks going forward. No trial will take place as a result of the…

Quick Summary: A cluster of Polymarket accounts profited over $600,000 on U.S.-Iran ceasefire contracts, raising insider trading concerns, per analytics firm Bubblemaps. A group of suspected insider traders collectively earned more than $600,000 on the prediction market platform Polymarket on Tuesday, following Trump’s conditional ceasefire announcement between the U.S. and Iran. The finding was reported by on-chain analytics firm Bubblemaps, which identified a cluster of accounts it believes are linked. The same cluster had previously earned $1.2 million on markets tied to Israeli and U.S. strikes on Iran in late February.Three accounts — now bearing the handles “djijaij83jdo4jdlwjflsg,” “Elonfax89678,” and…

Quick Summary: This week’s top crypto tech stories cover quantum threats to Bitcoin, North Korean espionage, a Solana Foundation message, and Alchemy’s new AI payment tool. Wall Street broker Bernstein has weighed in on the growing debate around quantum computing and its potential impact on Bitcoin, concluding that while the threat is real, it remains manageable for now. The assessment comes as quantum computing capabilities continue to advance, prompting concern across the cryptocurrency industry. Bernstein’s analysis suggests that the timeline for a meaningful quantum threat to Bitcoin’s cryptographic foundations is not imminent, giving the ecosystem time to adapt. Developers and…

Quick Summary: South Korea’s Democratic Party has introduced a Digital Asset Basic Act to establish a comprehensive legal framework for issuing, trading, and overseeing digital assets. South Korea’s Democratic Party has put forward legislation that would establish a broad legal framework governing digital assets in the country. The proposed Digital Asset Basic Act would cover the issuance, trading, holding, and supervision of digital assets. The move signals an effort by the ruling party to bring greater regulatory clarity to the country’s crypto sector.Under the proposed bill, entities that issue value-linked digital assets would be required to obtain formal authorization before…

Quick Summary: A partner of Trump-backed World Liberty Financial has been tied to individuals sanctioned for alleged links to a Cambodian conglomerate accused of running global scam operations. A company partnered with World Liberty Financial, the cryptocurrency project backed by President Donald Trump, has been connected to individuals sanctioned over alleged ties to a Cambodian conglomerate accused of operating large-scale global fraud schemes. The findings were published Monday by the Organized Crime and Corruption Reporting Project and Guardian Australia. The investigation centers on AB Network, which announced a formal partnership with World Liberty Financial in November.At the heart of the…

Quick Summary: The US Treasury is set to release proposed rules requiring stablecoin issuers to implement controls against money laundering and sanctions violations. The US Department of the Treasury is preparing to release proposed regulations that would establish compliance standards for stablecoin issuers, targeting money laundering and sanctions violations. The forthcoming rules represent a significant step toward bringing the stablecoin sector under formal federal oversight. The move follows the passage of last year’s GENIUS Act, which laid the legislative groundwork for such requirements.According to a summary of the proposals reviewed by CoinDesk, the Treasury’s FinCEN and OFAC divisions plan to…

Quick Summary: Adam Back has denied being Bitcoin creator Satoshi Nakamoto after a New York Times investigation by journalist John Carreyrou identified him as the prime suspect. Adam Back, a prominent figure in the Bitcoin community, has once again rejected claims that he is the pseudonymous creator of Bitcoin, known as Satoshi Nakamoto. His denial came on Wednesday via a post to X, responding directly to a New York Times exposé that named him as the leading candidate behind the identity. “I am not Satoshi,” Back wrote, characterizing the article as a “combination of coincidence and similar phrases from people…

Quick Summary: Iran is weighing a $1-per-barrel Bitcoin tariff on ships passing through the Strait of Hormuz following a reported two-week ceasefire with the US. Iranian authorities are reportedly considering requiring certain vessels to pay transit fees in Bitcoin to pass through the Strait of Hormuz, according to a report published Wednesday by the Financial Times. The development comes shortly after US President Donald Trump announced a two-week ceasefire between the United States and Iran that included the reopening of the strategically vital waterway. Empty oil tankers would be exempt from the charge, while other ships would face a tariff…

Quick Summary: Bitcoin climbs following Iran ceasefire developments, though persistently high leveraged long positions on Bitfinex suggest the rally may face headwinds. Bitcoin is trading higher in the wake of news surrounding an Iran ceasefire, though market observers are treating the price movement with measured skepticism. The advance has not been accompanied by the kind of broad enthusiasm that typically characterizes a sustained rally. Analysts point to underlying positioning data as a reason for restraint.Margin long positions on Bitfinex remain above 80,000 BTC, indicating that leveraged bets in favor of further price gains have not been unwound. This level of…

Quick Summary: The SEC under Chair Paul Atkins formally rejects its prior crypto enforcement strategy, citing misapplied resources and a 22% drop in enforcement actions. The Securities and Exchange Commission has publicly repudiated its previous approach to crypto oversight, stating in an annual report that past enforcement campaigns set ‘misguided expectations’ about what constitutes effective regulation. The agency acknowledged that resources had been misapplied in prior years to pursue media attention and inflate case numbers. The report represents a formal break from the enforcement-heavy posture that defined the Commission’s recent history with the digital asset industry.Under the leadership of SEC…