US prosecutors have decided not to pursue a second trial against Sam Bankman-Fried, signaling a move towards resolution in high-profile legal cases. Meanwhile, Nigeria's Central Bank has reversed its ban on banking services for crypto firms, potentially catalyzing a surge in crypto adoption in one of the fastest-growing digital asset markets. In a significant security breach, the Orbit Bridge was hacked, resulting in substantial cryptocurrency losses, underscoring ongoing security challenges in the sector. Furthermore, HSBC Hong Kong is intensifying its efforts in digital currencies and CBDC pilots, indicating growing institutional interest in blockchain technology and digital finance.
