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Actors, Creators Launch Coalition to Push AI Rules Amid Ongoing Legal Battles

In brief
The Creators Coalition on AI said it aimed to set standards for the responsible use of generative AI.
The launch followed years of strikes, lawsuits, and labor disputes over AI.
Actor and co-founder Joseph Gordon-Levitt said the group planned to apply public pressure and pursue
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FTC Compels Nomad Operator to Repay Users After $186M Crypto Bridge Hack in 2022

In brief
The FTC said Illusory Systems' Nomad crypto bridge lost $186 million after hackers exploited a poorly tested software update.
Regulators alleged the company marketed itself as "security-first" while failing to follow basic coding and incident-response practices.
A proposed settlement w
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Bitcoin Treasury KindlyMD Faces Nasdaq Delisting With Stock Down 99%

KindlyMD faces potential Nasdaq delisting as its stock closed at $0.38, below the $1 minimum. The company must maintain a $1 closing price for at least 10 days by June 2026 to comply, amid challenges following a Nakamoto merger and delayed earnings.
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Trump Is 'Open' to Democrats at SEC, CFTC in Glint of Hope for Senate Crypto Bill

In brief
President Trump said he's open to nominating Democrats to the SEC and CFTC, as well as other federal regulators.
That stance could help unblock the stalled crypto market structure bill in the Senate, which would hand key powers to both agencies.
But the Supreme Court is likely to
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After Setbacks, Crypto Bank Custodia Keeps Fight Alive to Gain Fed Master Account

Custodia Bank is requesting an en banc rehearing from the 10th Circuit after losing its bid for a master account from the Federal Reserve. The bank argues this case raises significant constitutional and states'-rights issues.
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Hong Kong Court Adjourns $206M JPEX Fraud Case Until March: Report

In brief
The JPEX fraud case in Hong Kong has been adjourned until March 16, 2026.
Prosecutors say more time is needed to organise extensive case files from a two-year investigation.
The JPEX collapse left more than 2,700 victims with losses exceeding $206 million, with influencers accused of p
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Visa Begins US Stablecoin Settlement via USDC on Solana

In brief
Visa will allow partnered issuers and acquirers in the U.S. to settle with stablecoins, starting with USDC on Solana.
The expansion follows its global pilots that began rolling out in 2023.
Its monthly stablecoin volumes have eclipsed a $3.5 billion annual run rate.
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Bitcoin, Ethereum ETFs Shed $582M in a Day as Institutions Trim Risk

In brief
Bitcoin and Ethereum spot ETFs recorded their largest daily net outflows for two weeks Monday.
Bitcoin ETFs are down about $225 million net in December after a $357.6 million peak daily outflow, while Ethereum ETFs are near flat overall despite a $224 million single-day redemption.
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Crypto Market Liquidity Shrinks Ahead of Holidays

In brief
The 60-day market cap growth of Tether's USDT stablecoin has slowed from $15.38 billion to $4.83 billion, indicating a severe drop in new capital entering crypto markets.
Analysts say substantial "dry powder" exists in stablecoin reserves, but it is not being deployed aggressively,
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Nexo Lands Multi-Year Australian Open Sponsorship Deal

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Nexo has secured a multi-year agreement with Tennis Australia to become the Official Crypto Partner of the Australian Open and the Summer of Tennis.
The deal covers the Australian Open alongside the Summer of Tennis series,
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