Dear PointPay Family,

News after news, event after event - that's exactly how this week flew by! In order not to miss the key changes, we have compiled the Top 5 news items for you. Everything is presented in a convenient and compact TL;DR format!

MIT Brothers Face Trial Over $25 Million Ethereum Heist

A high-profile trial began in Manhattan this week, where two MIT-educated brothers stand accused of orchestrating a $25 million cryptocurrency theft in just 12 seconds. Federal prosecutors allege that Anton and James Peraire-Bueno manipulated Ethereum’s transaction process to exploit a blockchain vulnerability, misleading automated trading bots into buying worthless tokens. The defense, however, insists there was no fraud — arguing the brothers simply outsmarted aggressive bots in a system with no central regulation. If convicted, the pair could face up to 20 years in prison for each count of conspiracy, wire fraud, and money laundering.

Strategy Expands Bitcoin Holdings Amid Market Volatility

Michael Saylor’s Strategy Inc., the world’s largest public holder of Bitcoin, has increased its BTC reserves once again. The company purchased 220 Bitcoin for $27.2 million at an average price of $123,561 per coin. Despite the recent flash crash that briefly sent Bitcoin down to $107,000, Strategy now holds 640,250 BTC acquired for a total of roughly $47.38 billion. The purchase reaffirms Saylor’s long-term confidence in Bitcoin, even as the market remains highly volatile.

$19 Billion Wiped Out in Record Crypto Liquidation Event

The cryptocurrency market has suffered one of its worst collapses on record, with over $19 billion in leveraged positions liquidated within 24 hours. Bitcoin’s price plunged from over $122,000 to nearly $101,000 on some exchanges, triggering massive sell-offs across altcoins. According to CoinGlass data, more than 1.6 million traders were liquidated, marking the largest single-day wipeout in digital asset history. While a minor rebound followed, both long and short traders suffered heavy losses as volatility intensified across the sector.

Japan Moves to Ban Insider Trading in Crypto

Japan’s financial authorities are preparing to introduce new legislation that would make insider trading in cryptocurrencies illegal for the first time. The Financial Services Agency plans to grant the Securities and Exchange Surveillance Commission the power to investigate suspicious transactions and recommend penalties. The proposed amendments to the Financial Instruments and Exchange Act are expected to reach parliament in 2026. By tightening oversight, Japan aims to create a fairer, more transparent crypto market and strengthen investor confidence in the sector.

S&P Global Ratings has partnered with Chainlink to bring its stablecoin stability assessments directly to the blockchain. Using Chainlink’s DataLink service, financial institutions can now access on-chain ratings that evaluate each stablecoin’s ability to maintain its peg, scored from 1 (very strong) to 5 (weak). According to Chainlink CEO Sergey Nazarov, this collaboration marks the first time S&P’s institutional-grade data — traditionally used to rate corporate creditworthiness — becomes available for use in DeFi protocols, bridging traditional finance with blockchain transparency.

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