IHC completes first $30 million dirham stablecoin transaction

The amount of dollars and other fiat currencies held by users outside traditional banking channels now exceeds the official FX reserves of 95 nations. What to know : The total market value of stablecoins has reached a record $322 billion, surpassing the foreign exchange reserves of 95 countries, including developed economies like the United Kingdom and Canada. The data underscores how quickly capital is shifting to digital rails. While stablecoins are increasingly used for trading, DeFi and cross-border payments, global regulators warn they can accelerate capital flight and currency depreciation in emerging markets.

The Smarter Web Company, a UK listed company, announced the purchase of 10 bitcoins, and currently holds a total of 2869 bitcoins.

YC officially announced on the X platform that the predictive market derivative layer Totalis has been officially launched, supporting users to conduct cross link trading on multiple event markets and expanding to structured products. Totalis completed a seed round funding of $500000 in April, with participation from Y Combinator. It is the first company to fully receive Y Combinator's investment in USDC, which is settled through the Solana network and managed by Ramp.

According to blockchain analyst "b-block", a website that imitates Uniswap steals user funds through Google false advertising, and the scammers hold assets exceeding $400000. Etherscan data shows that the two tagged addresses hold approximately 146 ETH worth around $306000. Stacy Muur, founder of Web3 marketing agency Green Dots, criticized Google for ignoring the issue of false advertising. The SEAL report shows a significant increase in Google phishing activities in March, with $127 million stolen between March 13th and 30th alone, and over 356 malicious ad links blocked. Malwarebytes pointed out that Facebook is also a high-risk area for false advertising.

[South Africa Plans to Establish Rules for Cross-Border Crypto Asset Transactions] According to IOL, the South African Treasury and the South African Reserve Bank plan to establish rules for cross-border crypto asset transactions, extending the public comment deadline for the draft 'Capital Flow Management Regulations' to June 30, 2026. Both parties clarified that the proposed rules will not criminalize the holding of crypto assets and will not be applied retroactively. A draft handbook for the cross-border crypto asset framework will be released subsequently.