The past 24 hours have seen significant developments across the global cryptocurrency and Web3 sector, spanning regulatory actions, industry milestones, and security incidents. **Regulatory & Accounting Developments:** The U.S. Financial Accounting Standards Board (FASB) has announced plans to explore classifying certain stablecoins as “cash equivalents” in 2026, a potential landmark shift in accounting treatment. Concurrently, China’s Cyberspace Administration reported shutting down 61 websites impersonating financial institutions in 2025, which were found promoting fraudulent investment products, including so-called “stablecoin” schemes. The Reserve Bank of India has reiterated its stance, warning that the risks associated with stablecoins currently outweigh their benefits. **Security & Enforcement:** Turkish cryptocurrency exchange BtcTurk suffered a security breach, resulting in an estimated loss of $48 million. In South Korea, the Financial Intelligence Unit (FIU) imposed a fine of approximately $1.88 million on crypto exchange Korbit for regulatory violations. **Industry & Market News:** In Hong Kong, Deacon Securities received approval from the Securities and Futures Commission to upgrade its Type 1 license, authorizing it to provide virtual asset trading services. Asset manager Bitwise has filed applications with the U.S. Securities and Exchange Commission for 11 new cryptocurrency-related Exchange-Traded Funds (ETFs). In the entertainment sector, Netflix has commenced production on “One Attempt Remaining,” a romantic comedy film centered on cryptocurrency themes. **Featured Analysis:** Recent industry analysis highlights the scale of stablecoin adoption, noting an estimated annual transaction volume of $46 trillion. This volume surpasses that of major traditional payment networks, facilitated by transaction speeds under one second and costs below one cent. Further analytical pieces explore new cryptographic directions for 2026, the implications of new Chinese judicial guidelines for virtual property disputes, Hong Kong’s progress on the Crypto-Asset Reporting Framework (CARF), and the conclusion of Ethereum’s Fusaka upgrade.