Hu Xiaowei of Prince Group Arrested in Tokyo Over $15B Scam

Hu Xiaowei of Prince Group Arrested in Tokyo Over $15B Scam

Hu Xiaowei, a figure tied to the Prince Group network behind a roughly $15B Bitcoin scam empire, was arrested in Tokyo, per WuBlockchain. Here is what it means. Read the full article: https://www.spendnode.io/blog/prince-group-hu-xiaowei-tokyo-arrest-15b-scam-june-2026/

Bank of England Drops Stablecoin Holding Caps and Eases Reserve Rules

The Bank of England scrapped proposed individual holding caps on sterling stablecoins and lowered its reserve floor, easing a plan it called overly conservative. Read the full article: https://www.spendnode.io/blog/bank-of-england-drops-stablecoin-holding-caps-june-2026/

Toss Bank to Test Solana for Remittances and Stablecoin Settlement

South Korea's Toss Bank will pilot Solana for global remittances and stablecoin settlement, putting a public blockchain in front of roughly 15 million users. Read the full article: https://www.spendnode.io/blog/toss-bank-solana-remittance-stablecoin-poc-june-2026/

Kraken's Fed Account Fight Could Reshape Crypto Payment Access

Kraken's push for direct Federal Reserve payment access could set the precedent for whether crypto firms ever bypass correspondent banks. Here is what is at stake. Read the full article: https://www.spendnode.io/blog/kraken-federal-reserve-master-account-payment-access-june-2026/

Taiko Tells Users to Exit Bridges After a Verification Layer Breach

Taiko says its chain state verification mechanism is compromised, telling users to withdraw from bridges and asking exchanges to suspend TAIKO deposits. Read the full article: https://www.spendnode.io/blog/taiko-bridge-verification-compromise-withdraw-funds-june-2026/