The editorial team has prepared a weekly digest of the main events in the Web3 and artificial intelligence sectors, covering key news from the launch of Polymarket in the USA to issues facing cryptocurrency exchanges.
This is reported by Business • Media
Main Events of the Week
Last week in the world of cryptocurrencies and technology was filled with significant events. Among the key news — Polymarket receiving approval from the U.S. Commodity Futures Trading Commission (CFTC) to operate in the country, a massive hack of the South Korean exchange Upbit, and a series of regulatory changes in the crypto sphere.
Security and Regulation of the Crypto Market
A major focus was on the incident at Upbit, where a hot wallet was hacked. Preliminary estimates of the losses are around $36 million. Interestingly, according to media reports, the attack may be linked to the North Korean group Lazarus Group.
“Upbit intends to compensate for the losses from its own assets.”
At the same time, important shifts are occurring in the regulation of the crypto sphere. In particular, Japan’s Financial Agency will require cryptocurrency exchanges to create reserve funds to compensate clients in the event of asset theft.
In the USA, the Commodity Futures Trading Commission (CFTC) has granted Polymarket permission to operate as an intermediary trading platform. This will allow the company to directly connect brokerage firms and their clients.
Meanwhile, discussions about the taxation and regulation of crypto assets are ongoing in various countries. In Spain, for instance, there are considerations to strengthen the taxation of income from crypto assets, while in Australia, a bill has been introduced to regulate digital assets.
Among other interesting news is the initiative from Bill Gates to tax robots and artificial intelligence that replace regular workers, and the launch of the U.S. national AI platform Genesis Mission by President Trump.
The crypto market continues to demonstrate high dynamics and sensitivity to regulatory changes, making it one of the most exciting and unpredictable sectors of the economy.