Three separate legal actions have been filed in New Zealand's High Court against Bet365, Super Group, and Skycity over offshore online gambling operations. Skycity faces a class-action claim covering player losses from February 2020 to 2026. The proceedings highlight ongoing regulatory scrutiny of offshore gambling firms operating within New Zealand.
Despite macroeconomic pressures and fading rate cut expectations, Bitcoin ETF inflows and policy shifts indicate deeper institutional integration. The IMF’s outlook and the Federal Reserve’s April Beige Book highlight ongoing progress, with crypto assets like BTC, tokenization, and stablecoins increasingly entering regulated finance. This suggests that institutional adoption is accelerating even without monetary easing.
Institutional investors poured nearly $1 billion into Bitcoin ETFs last week, signaling strong demand. With 13 US spot ETFs bringing in $996 million and additional inflows of $238 million, the market is supported by a tightening supply and rising demand, boosting Bitcoin's price recovery toward $88,000 amid a broader risk-on environment.
Russia's State Duma advanced a comprehensive crypto regulation bill, legalizing cross-border payments and tightening market controls. The legislation aims to establish formal oversight of Russia's crypto sector, addressing concerns over illegal activities and market stability. This move signals Russia's intent to integrate digital currencies into its financial system while maintaining regulatory control.
Justin Sun has filed a lawsuit in California federal court against World Liberty Financial over the freezing of 2.94 billion WLFI tokens and removal of voting rights. The dispute follows failed private negotiations, with WLFI proposing a governance plan that could lock tokens for non-consenting holders. The case highlights ongoing tensions over token control and governance in the Web3 space.
The US SEC’s proposed “Reg Crypto” rules could significantly increase costs for new crypto token launches, potentially costing millions. The framework, developed alongside the CFTC, mandates compliance measures such as securities legal reviews, audits, and detailed disclosure documents. These requirements aim to regulate altcoin launches more strictly, raising the barrier for new token projects starting from the upcoming regulatory phase.
GSR has launched its first crypto ETF, Core3, an actively managed multi-asset fund tracking Bitcoin, Ethereum, and Solana. This move, announced in April 2026, marks GSR's entry into the crypto ETF market amid ongoing sector expansion. The fund aims to diversify exposure across major cryptocurrencies, reflecting GSR's broader strategy to grow its presence in digital asset management.
