Did Regulation Indirectly Create FRAX, Nifty Gateway, and TornadoCash?
If you were to sit down and really think, it's almost as if regulatory scrutiny and the tribulations that they have faced has shaped the industry in some sense.

New York City will host its first-ever Crypto Summit on 20 May as Mayor Eric Adams pushes to make the city a global leader in blockchain and digital assets. The event comes as Adams doubles down on crypto-friendly policies ahead of his 2025 re-election campaign.
Pump.fun has launched a revenue-sharing scheme that pays token creators 50% of trading fees through its PumpSwap exchange. The move rewards ongoing trading activity but has raised concerns it could encourage more rug pulls.
Armed men attempted to kidnap a crypto tycoon’s daughter and grandchild in Paris but fled after a struggle. Authorities suspect financial motives linked to the family’s crypto ties and have launched a manhunt. As crypto-related kidnappings rise, the case raises urgent questions about law enforcement’s readiness in a digital-first world.
Curve Finance faced its second DNS hijack in a week, redirecting users to a malicious clone site. The platform quickly moved to a new domain to address ongoing DNS vulnerabilities. CRV dropped over 8% to $0.7274 but has since rebounded.
Thailand has approved a trial launch of digital government bond tokens called G-Tokens, aimed at helping small investors access secure savings options. The tokens will be worth 5 billion baht and are expected to go on sale by July.
South Korea’s Democratic Party is courting the crypto vote ahead of June’s elections with a new committee focused on boosting the country’s global standing in digital assets. The group aims to promote innovation and challenge restrictive rules like the “One Exchange, One Bank” policy.
Tether bought $459 million worth of Bitcoin to support the launch of Twenty One Capital, a new investment firm preparing to go public. The company now holds over 36,000 BTC and plans to expand further after merging with Cantor Equity Partners.
Carnegie Mellon researchers have developed LegoGPT, an AI model that turns text prompts into detailed, physically stable LEGO designs—bridging language and engineering for custom builds.
The Infinite Node Foundation has acquired full intellectual property rights to CryptoPunks from Yuga Labs, marking the first time a major digital art collection has been taken over by a nonprofit. NODE plans to preserve, promote, and exhibit the collection, with an emphasis on community engagement and global museum collaborations.
Deeper collaboration among ASEAN member states is essential to developing unified principles and interoperable frameworks that ensure the responsible use of AI and uphold ethical standards in data governance.