Author: Gabby

Japan’s leading financial institutions are moving rapidly to create cryptocurrency investment trust products, as regulatory reforms pave the way for digital assets to be included in traditional fund structures by 2028. Major brokerage firms like SBI Securities and Rakuten Securities are already developing in-house solutions, aiming to offer retail investors a seamless way to gain exposure to Bitcoin and Ethereum through standard securities accounts, eliminating the need for separate crypto exchange accounts or digital wallets.

SBI Securities is collaborating with SBI Global Asset Management to launch funds that will concentrate on highly liquid cryptocurrencies, including Bitcoin and Ethereum. These products may take the form of exchange-traded funds or investment trusts, providing flexibility for investors. Meanwhile, Rakuten Securities is leveraging its subsidiary Rakuten Investment Management to build similar offerings, with plans to enable trading directly via mobile applications for user convenience.

Other financial powerhouses are also entering the fray. Nomura Holdings and Daiwa Securities have disclosed intentions to develop crypto investment trusts once the regulatory environment is clarified. The SMBC Group, along with SMBC Nikko, has established a dedicated task force to explore potential products. Additionally, Asset Management One, under the Mizuho Financial Group, has commenced preliminary research into crypto fund opportunities.

A recent survey indicates that 11 out of 18 major Japanese brokerage firms are likely to offer crypto investment trust products following regulatory approval. This underscores a broad acceptance of digital assets within traditional finance, even as the final rules are still being formulated.

Japan’s Financial Services Agency is expected to amend the Investment Trust Act by 2028, explicitly permitting crypto assets within investment trust holdings. This legislative shift builds upon the recent reclassification of cryptocurrencies as financial instruments under the Financial Instruments and Exchange Act, which introduced stricter market regulations, including annual disclosures and insider trading prohibitions. These changes align with Japan’s broader strategy to authorize spot crypto ETFs by 2028, with Nomura Holdings and SBI Holdings anticipated to be among the pioneers in launching such products.

Beyond trusts, SBI Holdings continues to expand its crypto footprint through other ventures, including negotiations for a Bitbank subsidiary stake and the launch of a Visa card that rewards users with Bitcoin, Ethereum, and XRP. These initiatives reflect the concerted effort by Japanese financial groups to integrate digital assets across funds, exchanges, and payment systems, offering retail investors multiple access points to the crypto economy.

In an unprecedented collaborative effort, law enforcement agencies from China, the United States, and the United Arab Emirates joined forces to dismantle a major crypto fraud operation in Dubai. This marks the first time these three nations have conducted a joint crackdown on telecom and online financial scams. According to reports, the operation successfully shut down nine fraud dens and led to the arrest of 276 individuals.

The scammers, as investigators detailed, used social media platforms to build false romantic connections with their targets. Once trust was established, victims were lured into fictitious cryptocurrency investments promising exceptionally high returns. The losses incurred by victims were substantial, as funds were funneled into these fake platforms. Chinese authorities highlighted this raid as a key example of escalating cross-border collaboration to combat online fraud.

Earlier reports from crypto.news tied this enforcement action to a broader FBI-led crackdown on crypto pig-butchering networks. The U.S. Department of Justice had previously charged several suspects with wire fraud and money laundering in connection with these scam centers, which were linked to companies like Ko Thet Company, Sanduo Group, and Giant Company. The FBI’s San Diego office initiated the investigation in 2025, focusing on networks that managed scam compounds involved in crypto fraud.

The modus operandi of these crypto romance scams was methodical. Perpetrators cultivated affection over time before steering victims towards investment schemes that turned out to be elaborate shams. Once victims transferred their cryptocurrency, they lost all access to it, with the funds subsequently moved through multiple accounts controlled by the fraudsters. The DOJ has already identified millions of dollars in losses tied to these cases.

This crackdown is part of a larger global effort to combat organized crypto investment fraud. The FBI’s Operation Level Up, for instance, had notified nearly 9,000 potential victims and prevented an estimated $562 million in losses by April 2026. The latest arrests signal a shift in law enforcement strategy, now targeting the operators, recruiters, and managers behind these scam centers, rather than merely tracing the wallets used to move illicit funds.

The U.S. Department of Justice has brought charges against German national Owe Martin Andresen for his alleged role in laundering money connected to the defunct darknet marketplace Dream Market. Authorities claim he served as the primary administrator for the platform, which operated between 2013 and 2019. Andresen was apprehended in Germany last week on similar charges filed by German authorities.

According to prosecutors, the accused utilized dormant digital wallets associated with Dream Market’s administration to transfer funds and then converted a portion of those assets into physical gold bars. After the marketplace shut down, its cryptocurrency infrastructure remained idle until late 2022, when activity suddenly resumed. The DOJ asserts that only individuals possessing the original private keys could have initiated these transactions.

In August 2023, Andresen allegedly engaged a crypto service provider based in Atlanta to purchase gold bars from international vendors. These gold bars were reportedly shipped directly to his residence in Germany. The laundering scheme is said to have involved over $2 million between August 2023 and April 2025. During searches conducted on May 7, law enforcement seized approximately $1.7 million in gold bars, more than $23,000 in cash, and records linking to bank accounts and crypto wallets holding an estimated $1.2 million believed to be proceeds from Dream Market activities.

A federal grand jury has indicted Andresen on twelve counts, including six counts of international concealment money laundering and six counts of concealment money laundering. Each count carries a potential penalty of up to 20 years in federal prison. The DOJ emphasizes that Andresen is presumed innocent until proven otherwise in a court of law.

This case is part of broader efforts to combat cryptocurrency-related laundering. Recently, the DOJ finalized the forfeiture of over $400 million in assets tied to Helix, a darknet crypto mixing service. In another instance, a California man was sentenced to 70 months in prison for laundering funds linked to a group responsible for stealing $263 million in cryptocurrency.

At press time, Zcash (ZEC) was hovering near $515, as traders analyzed a bullish chart pattern alongside indications of softening spot demand. The cryptocurrency fluctuated between $497.79 and $525.21 in the latest session, reflecting active but inconsistent trading activity.

According to crypto.news price data, ZEC dropped over 5% in the past 24 hours and more than 8% in the last seven days. However, the token still holds a roughly 46% gain over the past month, keeping the focus on whether buyers can sustain the recent uptrend.

Analyst Crypto Patel identified a bullish structure for ZEC after the price reacted from a weekly fair value gap. He highlighted a market structure shift, a pullback into a discount zone, and buy-side liquidity sitting above current levels. His upside targets include $643 and $750, with invalidation set at a daily close below $294. Patel emphasized that this is a technical perspective requiring confirmation before any trade entry, meaning the setup is conditional rather than definite.

Another analyst, Ardi, offered a more cautious outlook, noting that ZEC’s recent significant moves have been driven more by perpetual futures than by spot demand. He pointed out that spot trading volume has hit new lows while aggregated perp volume has reached new highs. This dynamic could make any rally more vulnerable to sharp corrections if momentum wanes. Ardi drew a parallel to the December lower high near $540, which was followed by a decline back to roughly $185.

Previous reports from crypto.news indicated that Zcash’s rally extended but social engagement and on-chain support lagged, raising concerns about sustainability. Additionally, a prior surge of over 40% followed Multicoin Capital’s disclosure of a large position, with traders also monitoring the FCMP++ upgrade and increasing trading volumes.

The concept of Q-Day, the hypothetical point when quantum computers achieve sufficient power to undermine existing cryptographic defenses, has resurfaced in discussions following a recent CNN report. This looming threat extends to the cryptocurrency sector, as many blockchain networks depend on public-key cryptography to secure wallets and authenticate transactions. The report also highlights the risk of ‘harvest now, decrypt later’ attacks, where malicious actors accumulate encrypted data today with the intent to decrypt it once quantum capabilities mature.

In response, several crypto protocols are proactively testing quantum-resistant measures. Solana’s validator clients, Anza and Firedancer, have integrated early versions of Falcon, a post-quantum signature scheme, to fortify the network against potential quantum attacks. These teams emphasize that Falcon can be deployed as needed without imposing significant performance overhead. Jump Crypto notes that Falcon-512 offers a smaller signature footprint compared to other post-quantum standards, which could help maintain speed and storage efficiency.

Meanwhile, Near One raises a unique concern: quantum attacks might not only compromise private keys but also trigger ownership disputes over stolen assets that are quickly moved on-chain. CTO Anton Astafiev points out that networks may struggle to distinguish legitimate transactions from those executed by an attacker. To address this, Near One plans to roll out a testnet employing FIPS-204 quantum-safe signatures by the end of Q2 2026.

The U.S. National Institute of Standards and Technology (NIST) has already published three finalized post-quantum encryption standards, urging organizations to begin transitioning away from vulnerable algorithms. For crypto ecosystems, this necessitates long-term migration strategies for wallets, validators, exchanges, bridges, and custodial services to guard against the eventual arrival of Q-Day.

The XRP Ledger witnessed a notable uptick in activity after the token temporarily surpassed the $1.54 mark for the first time in two months, based on data from Santiment released on May 16. The analytics platform recorded 48,453 active addresses, marking the highest point since March 30. Additionally, the creation of 3,317 new network addresses was observed, the most since March 19. Santiment attributed part of this surge to price-driven FOMO but emphasized that genuine adoption could sustain long-term growth.

Meanwhile, spot XRP exchange-traded funds (ETFs) enjoyed a robust inflow week. SOSoValue data revealed net inflows of $60.50 million for the week, the strongest performance since the week concluding Dec. 26. Inflows for May have already reached nearly $95 million, surpassing April’s total. This recovery follows a trend noted earlier, with U.S. spot XRP ETFs recording $25.8 million in daily net inflows on May 11, their best single-day figure since Jan. 5.

XRP attempted to extend its rally amid improved ETF demand and progress on the CLARITY Act in Washington. Standard Chartered had projected an additional $4 billion to $8 billion in XRP ETF inflows if the act advanced through the Senate Banking Committee by May 21. However, the breakout failed to hold as the token slipped back from a familiar resistance zone. As per crypto.news data, XRP traded near $1.42 with a market cap around $87 billion, trailing BNB among major cryptocurrencies.

This latest ETF inflow streak follows a strong April, where XRP ETFs attracted $81.63 million, marking their best inflow month of 2026 and reversing March’s outflow of $31.16 million.

The hunt for the next big opportunity in the crypto space can be daunting. With the global market cap hovering at $2.74 trillion after a $210 million liquidation event that saw Bitcoin dip to $78,700, investors are shifting focus from volatile mainstream coins to early-stage projects for outsized gains. Among the contenders, DOGEBALL has emerged as the leading crypto presale to buy now, leaving competitors like Poly Truth and Meme Punch in the dust.

DOGEBALL is built on a custom Ethereum Layer 2 blockchain called DOGECHAIN, merging gaming with real-world payments through DOGEPAY—a cross-border offramp that lets users send crypto while recipients receive fiat in local bank accounts. Supporting over 30 currencies with near-instant finality and zero FX fees, this system creates continuous buy pressure as DOGEBALL tokens are used for transaction fees on the network.

The presale has seen explosive demand, raising over $287,000 from more than 1,000 participants after a massive burn of 4 billion tokens. The extended presale features 20 timed stages, each lasting up to seven days before a mandatory price hike. At the current Stage 3 price of $0.0005, buyers are positioned for a guaranteed launch price of $0.015, translating to a 30x return. A $500 investment becomes $15,000 at launch, while $2,000 grows to $60,000.

In contrast, Poly Truth (PTRUE) focuses on prediction market analytics, raising just $187,533 in its Stage 1 presale with a target of $194,832. While it offers staking rewards up to 4,275%, PTRUE lacks the broad utility of DOGEBALL and serves a niche audience. Meme Punch (MEPU) aims to blend meme culture with play-to-earn gaming, but its presale widget shows zero funds raised and stuck timers, highlighting a lack of traction and real-world use cases.

Analysts point to DOGEBALL’s deflationary tokenomics and utility as key drivers. All unsold tokens from each stage are burned weekly, compounding scarcity. With strategic Web3 launch partnerships and a $1 million prize pool for its gaming ecosystem, DOGEBALL stands out as the premier crypto presale for 2026.

Investors seeking maximum alpha are urged to act before the next price increase. Secure DOGEBALL tokens at $0.0005 to lock in potential 2,900% gains at launch. For more details, visit the official website or join the community on Telegram and X.