WAO ART

Argentina sees a significant rise in stablecoin transactions, now making up 61.8% of all crypto activity. The country's inflation rate has skyrocketed to 236.7%. Stablecoins are becoming a preferred option for Argentinians looking to protect their wealth against the devaluation of the peso.

Uniswap Labs has introduced Unichain, a new application-specific layer 2 blockchain network. Unichain aims to enhance Ethereum's decentralized finance (DeFi) capabilities by reducing transaction times and fees. The new blockchain will improve access to liquidity across different chains.

The U.S. SEC has charged Cumberland DRW for operating as an unregistered dealer in the crypto markets. The charges involve over $2 billion in crypto assets. The announcement was made on Thursday by the SEC. The agency is focusing on compliance within the rapidly evolving cryptocurrency sector.

Thailand's SEC proposed allowing mutual and private funds to invest in cryptocurrency products. The move comes in response to the global surge in cryptocurrency adoption and popularity. Thailand aims to enhance its digital asset landscape and compete with other nations in the investment space.

Australia seized cryptocurrency linked to the alleged mastermind behind the Ghost hacking group. Taiwan is drafting new anti-money laundering (AML) regulations to strengthen crypto oversight. The founder of IcomTech has been sentenced for his involvement in fraudulent activities.

Tron founder Justin Sun is taking on his next role — as prime minister of Liberland, a self-proclaimed micronation wedged between Croatia and Serbia. Entrepreneur Evan Luthra and journalist Jillian Godsil were also elected to serve as a member of Congress.

Cameroonians wait for news on president, said to be alive in Geneva. The condition and exact whereabouts of Cameroon’s President Paul Biya remain unclear Thursday, two days after the government was forced to announce Biya was alive in Geneva, Switzerland, in response to rumors on social media.