South Korean prosecutors reportedly charged a group over the CATFI memecoin 
rug pull, marking the country’s first DEX rug-pull case under crypto law.

South Korean prosecutors reportedly charged a group over the CATFI memecoin rug pull, marking the country’s first DEX rug-pull case under crypto law.

South Korea charges CATFI memecoin operators in first DEX rug-pull case: Report

China&#8217;s securities regulator, the China Securities Regulatory Commission, 
announced on May 25 that it will penalize three major offshore brokerages for 
their ties to crypto — Tiger Brokers, Futu Securities, and Longbridge 
Securities — for illegal cross-border financial operations targeting mainland 
investors, as part of a sweeping nine-agency implementation plan that sets a 
two-year deadline to eliminate all unauthorized cross-border securities, 
futures, and fund management activity from China&#8217;s financial landscape. 
Related Reading: Bankless Co-Founder Explains Why He Sold All His Ethereum The 
announcement, made public via the State Council Information Office and covered 
by China&#8217;s official Xinhua News Agency, represents the most coordinated 
regulatory enforcement action Beijing has taken against offshore financial 
platforms since the 2021 crypto mining ban. The CSRC stated it will confiscate 
all illegal gains from domestic and overseas entities associated with Tiger, 
Futu, and Longbridge, and impose severe penalties in accordance with Chinese 
law, per the official Xinhua report. Under the implementation plan, the three 
brokerages have been given a two-year phase-out window — during which they are 
strictly prohibited from facilitating new buy orders or accepting capital 
inflows from mainland investors. Only sell orders and capital withdrawals will 
be permitted. Upon expiration, affected institutions must completely shut down 
their mainland-targeted websites, trading applications, and supporting 
servers, per the SCIO announcement. BTC&#8217;s price trends to the upside since 
March 2026 as seen on the daily chart. Source: BTCUSD on Tradingview Why This 
Matters For Crypto The enforcement action is not nominally directed at crypto 
— it targets offshore securities and futures brokerages. The crypto 
implications, however, are structural and direct. The primary channels through 
which Chinese traders access crypto markets — over-the-counter desks, peer-to- 
peer exchanges, and USDT on-ramps — operate in the same regulatory gray zone 
that Beijing has now formally committed to eliminating across all cross-border 
financial activity, per analysis by BeInCrypto published May 22. The February 
2026 crackdown, in which the People&#8217;s Bank of China and seven other agencies 
jointly expanded China&#8217;s existing crypto ban to explicitly cover stablecoins, 
RWA tokenization, and offshore yuan-pegged stablecoin issuance, established 
the policy framework. The May 25 action represents its enforcement arm — a 
signal that the two-year rectification timeline applies broadly to any 
unauthorized cross-border financial channel, not only to licensed brokerages, 
per the CSRC&#8217;s implementation plan language as reported by Xinhua. Market 
reaction was swift. US-listed shares of Tiger Brokers&#8217; parent company fell 
more than 10% in premarket trading. Futu Holdings dropped more than 5%, with 
some session reports showing declines reaching 35%, per Wu Blockchain&#8217;s 
coverage of the announcement on May 22. The Broader Pattern Beijing&#8217;s 2026 
enforcement posture reflects a deliberate sequencing: the February policy 
notice established the expanded legal perimeter covering stablecoins and 
tokenization; the May brokerage action demonstrates the state&#8217;s willingness to 
impose material financial penalties on large, publicly listed companies 
operating in breach of that perimeter. For the nascent sector&#8217;s participants 
who have continued to access crypto through informal Chinese channels, the 
trajectory of enforcement points in one direction — and the two-year 
rectification deadline gives Beijing a concrete timeline against which to 
measure compliance. Related Reading: Will XRP Price Ever Reach $200? Top 
Expert Discloses What Must Happen First This development marks a critical 
juncture for crypto&#8217;s relationship with Chinese capital. Whether the crackdown 
accelerates OTC crypto demand as mainland investors seek alternative stores of 
value — as has historically occurred during prior Chinese enforcement waves — 
or succeeds in materially reducing cross-border digital asset flows, will 
determine whether Beijing&#8217;s tightening ultimately strengthens or simply 
redirects China&#8217;s crypto participation. Cover image from Grok, BTCUSD on 
Tradingview

China&#8217;s securities regulator, the China Securities Regulatory Commission, announced on May 25 that it will penalize three major offshore brokerages for their ties to crypto — Tiger Brokers, Futu Securities, and Longbridge Securities — for illegal cross-border financial operations targeting mainland investors, as part of a sweeping nine-agency implementation plan that sets a two-year deadline &#8230;

China Just Put A Two-Year Expiry Date On Crypto Access For 1.4 Billion People

Bitcoin Japan&#8217;s investment in SpaceX highlights a strategic shift towards 
digital assets and AI, signaling broader tech sector integration.
The post Bitcoin Japan buys stake in Elon Musk&#8217;s SpaceX via secondary market 
appeared first on Crypto Briefing.

Bitcoin Japan&#8217;s investment in SpaceX highlights a strategic shift towards digital assets and AI, signaling broader tech sector integration. The post Bitcoin Japan buys stake in Elon Musk&#8217;s SpaceX via secondary market appeared first on Crypto Briefing.

Bitcoin Japan buys stake in Elon Musk’s SpaceX via secondary market

Bitwise’s BHYP sees record $19M inflow as HYPE ETFs lead altcoin demand, 
outpacing Bitcoin and Ether by market-cap-adjusted demand today.

Bitwise’s BHYP sees record $19M inflow as HYPE ETFs lead altcoin demand, outpacing Bitcoin and Ether by market-cap-adjusted demand today.

Bitwise HYPE ETF becomes world’s largest after $19M inflow, CEO says

The incident heightens geopolitical tensions, potentially impacting global oil 
markets and shipping security in the strategic Hormuz region.
The post South Korea probe finds Iranian-made missiles likely hit ship in 
Hormuz appeared first on Crypto Briefing.

The incident heightens geopolitical tensions, potentially impacting global oil markets and shipping security in the strategic Hormuz region. The post South Korea probe finds Iranian-made missiles likely hit ship in Hormuz appeared first on Crypto Briefing.

South Korea probe finds Iranian-made missiles likely hit ship in Hormuz

The targeted killings may destabilize ceasefire efforts, complicate mediation, 
and potentially strengthen Hamas&#8217;s resolve and recruitment.
The post Israel kills Hamas military chief Mohammed Odeh in Gaza strike 
appeared first on Crypto Briefing.

The targeted killings may destabilize ceasefire efforts, complicate mediation, and potentially strengthen Hamas&#8217;s resolve and recruitment. The post Israel kills Hamas military chief Mohammed Odeh in Gaza strike appeared first on Crypto Briefing.

South Korea charges CATFI memecoin operators in first DEX rug-pull case: Report

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