Fed/Regulation: Fed Chair Kevin Warsh told lawmakers the central bank doesn’t want to be in the bailout business, including for crypto firms—reigniting debate over how digital assets should be handled in financial stress. Stablecoins/Policy: US banking groups are urging Senate tweaks to the CLARITY Act, warning stablecoin yield rules could trigger deposit flight; Circle shares slid on the renewed pressure. Payments/Institutional Crypto: SWIFT moved a blockchain-based shared ledger into live 24/7 tokenized cross-border payments with 17 pioneer banks, signaling mainstream settlement momentum. Ripple/XRP Ecosystem: Ripple landed as a Premier Member of the x402 Foundation for machine-to-machine payments standards, and Ripple also scored a high-visibility college sports branding deal with Kansas Athletics featuring an XRP jersey patch. Crypto Consumer Fallout: Alaska warned Bitcoin Depot users after the kiosk operator filed for bankruptcy; eligible victims may seek compensation via the bankruptcy process. UK DeFi Tax: The UK introduced “no gain, no loss” treatment for certain DeFi lending and liquidity pool moves, deferring capital gains tax until real cash-out. Crypto Security/Compliance: Anchorage Digital expanded regulated TRON support with native TRX staking and TRC-20 custody. Fraud/Enforcement: Iowa’s “Stop the Scammers” effort recovered nearly $28M for victims, including millions seized in crypto. Tech/Onchain Finance: TxFlow L1 launched Probly, a prediction-market app built on its TIP3 standards, adding hundreds of live markets at launch.