The U.S. Department of Justice is launching a compensation process for victims of the OneCoin crypto scam, which defrauded investors of over $4 billion between 2014 and 2019. More than $40 million in recovered assets are now available for distribution. The scheme was operated by Ruja Ignatova and Karl Sebastian Greenwood.
Japan has reclassified XRP as a financial instrument, giving it the same legal status as stocks and bonds, according to crypto pundit UnknowDLT. This regulatory clarity, announced in April 2026, builds on Japan’s early adoption of XRP through Ripple’s partnership with SBI. The move has fueled speculation about XRP potentially reaching $10, amid ongoing adoption and tokenization efforts in Japan.
The European Union will end the MiCA transition period on July 1, requiring all crypto firms to hold valid licenses to operate within the EU. Unlicensed crypto asset service providers must cease serving EU clients after this date. Smaller exchanges, especially in markets like Poland, face increased compliance costs and stricter governance under MiCA regulations.
GSR launched its first ETF, listed on Nasdaq, managing a basket of Bitcoin, Ether, and Solana. The ETF offers active management and staking yields, aiming to attract investors into crypto assets. This move marks GSR’s entry into asset management, providing easier access to major tokens for retail and institutional investors.
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.
Uzbekistan has launched the Besqala Mining Valley, offering crypto miners a 0% corporate tax rate until 2035. The initiative aims to boost the country's crypto industry while maintaining strict regulatory oversight. The policy was announced in April 2026, reflecting Uzbekistan’s efforts to attract blockchain investments and foster growth in the sector.
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.
