MUFG Bank, Mizuho Bank and Sumitomo Mitsui Banking Corporation have set up a joint council to develop and co-issue a yen-pegged crypto stablecoin by the end of Japan’s fiscal year 2026, which runs through March 2027. The token is planned to be issued via a trust structure with the banks as joint settlors and a trust bank (or similar institution) acting as trustee. The effort sits within the FSA’s Payment Innovation Project and follows a late-2025 pilot on whether multi-bank co-issuance could be done legally.

Brazil’s Chamber of Deputies Economic Development Committee advanced a revised version of Bill 4212/25 aimed at curbing state powers if a CBDC is introduced. Separately, Rain said Latin America processed nearly $1.5 trillion in transactions from 2022 to 2025, while Bitfinex Securities argued tokenization could help Venezuelan firms raise $30 million to $50 million beyond thin local markets.

Pyth Network is moving deeper into the more than $50 billion financial market-data arena by rolling out proprietary 24/7 indices spanning metals, oil, and U.S. equity baskets. The network says venues including Coinbase and Kraken are early adopters, while Pyth Pro has surpassed $1 million in annual recurring revenue as it tests whether more institutions will become paying customers.

Rain says Latin America processed nearly $1.5 trillion in transactions from 2022 to 2025, with most flows routed through stablecoins as dollar substitutes. The company attributes adoption to currency devaluation pressures, cross-border fees that stablecoins can cut by up to 92%, and limited banking access. Rain also highlights Colombia and Bolivia, citing sharp 2025 growth in Rain crypto card usage.

Web3 Antivirus reported that rug pulls represented more than 54% of newly detected crypto scams, with honeypots next at about 22%. It said these schemes often look like normal token launches until hidden contract permissions are used to block selling, pull liquidity, or lock user funds. The firm also cited scam distribution data led by email at 53% and referenced cases including a May fake Uniswap site that drained at least $400,000.

Brazil’s Chamber of Deputies advanced Bill 5819/2025, a proposal that would let judges freeze cryptocurrency wallets and bank accounts linked to suspected electronic fraud. The measure would also lift the maximum sentence for digital-channel fraud from 8 to 10 years and expand precautionary restrictions such as blocking real estate and limiting access to payment systems. The bill must still clear additional committees, pass votes in both chambers of Congress, and be signed by the president.

Google security engineer Michele Spagnuolo, who lives in Switzerland, is accused of using non-public Google search data to profit $1.2 million on Polymarket by betting on Google's "most-searched person" outcome. Prosecutors in Manhattan arrested him in late May 2026 and charged him with commodity fraud, wire fraud, and money laundering. The alleged trades centered on Google's Year in Search 2025 result, which became public on December 4, 2025.

On June 11, 2026, the U.S. SEC proposed rescinding Regulation NMS Rule 611 and Rule 610(e), a market-structure change that could materially affect how tokenized U.S. equities trade in DeFi. The proposal enters a 60-day public comment period and would replace trade-by-trade NBBO enforcement with a principles-based best-execution approach at the broker-dealer level.