Visa Stablecoin Platform (VSP): Visa launched a new enterprise platform to mint, transfer, and manage stablecoins in one Visa-administered environment, starting with Open USD (OUSD) and rolling in controls like dual approvals and audit logs. Onchain TradFi Expansion: SBI teamed with Ondo to tokenize Japanese equities using its JPYSC stablecoin for settlement and collateral, while Alpaca raised $135M to scale agent-first brokerage infrastructure for tokenized markets. Derivatives & Clearing: Kraken added USD-settled, European-style BTC/ETH options for institutions, and Marex with Coinbase enabled USDC as initial margin inside regulated derivatives clearing workflows. Stablecoin Rails & Privacy: Symbiosis Finance launched privacy features for USDT on TRON (private swaps and private sends), and Tether invested $20M in Argentine neobank Ualá as it pushes deeper into Latin America. Regulation & Compliance: EU MiCA migration continues to reshape access as Coinbase and Ripple secure EU-wide authorization via Luxembourg while Binance retreats. Market/Policy Noise: Warren Buffett endorsed Alphabet on CNBC; meanwhile, US ethics scrutiny hit a Trump teleprompter operator tied to Kalshi prediction bets. Crypto Risk Watch: Dutch exchange Knaken was declared bankrupt after about €7M in customer funds couldn’t be accounted for. Fraud & Scams: A Florida man was arrested over malware-laced video game thefts of $220K in crypto, and UK police jailed a gang that stole £4M by impersonating officers.