Wallet

PayPal said Tuesday it will expand its dollar-backed stablecoin, PayPal USD (PYUSD), to 70 global markets to enable cross-border buying, holding and transfers with faster settlement and lower costs. The rollout spans Asia-Pacific, Europe and Latin America, including the United Kingdom, Singapore and the United States, and PayPal said PYUSD has surpassed $4 billion in circulation.

BONK.fun says it has brought its site back online after a domain hijack tied to a breach at a third-party provider, with user losses now estimated at about $30,000. The team said on 20 March the attackers used social engineering against the domain service provider, leading to an unauthorized registrar transfer. BONK.fun added it will reimburse impacted users at 110% of losses, while BONK traded near $0.0000059 at the time of writing.

Kentucky is facing scrutiny over an amendment to HB 380, a bill aimed at regulating virtual currency kiosks, after critics said it could effectively prohibit crypto self-custody. The Bitcoin Policy Institute argues the measure would require hardware wallet providers to reset or recover users’ seed phrases and passwords, which it says is not feasible for non-custodial wallets.

Galaxy Digital research analyst Will Owens said Thursday that quantum computing poses a real risk to Bitcoin holders, but most wallets are not currently exposed. He argued funds are mainly at risk only when a wallet's public key is revealed on-chain, either because it is already visible or because it becomes visible when spending.

The Bitcoin Policy Institute said Kentucky House Bill 380 contains language that would require hardware wallet makers to help users reset passwords, PINs or seed phrases, potentially undermining self-custody. The group said the requirement was inserted via a last-minute floor amendment and would also add identity checks for people requesting a reset.

Tangem, a Switzerland-based hardware wallet provider, reported $61.3 million in revenue for 2025, representing a 102% year-over-year increase driven by its "active self-custody" approach. The company said recurring in-app activity, including DeFi access, has become a bigger growth driver than one-off device sales as monthly active users rose by 50%.

On 1 March 2026, Bitrefill reported a cyber incident in which attackers drained funds from its hot wallets and accessed parts of its infrastructure. The breach involved misuse of its gift card supply system and exposed around 18,500 purchase records, including email and crypto payment addresses. Bitrefill said it has restored most services, will cover the losses from operational capital, and has tightened security controls after the attack.

On March 17, 2026, non-custodial exchange ChangeNOW introduced Private Send, a NOW Wallet feature that breaks direct links between sender and recipient addresses on public blockchains. The service reroutes funds through ChangeNOW's infrastructure, keeping the final transaction record intact while obscuring the original sending address. It supports most assets in NOW Wallet, follows existing AML and geographic rules, and targets users seeking added privacy without extra registration or apps.

On Tuesday, the U.S. Commodity Futures Trading Commission's Market Participants Division issued a no-action letter to crypto wallet provider Phantom Technologies, allowing it to operate in certain ways without registering as a broker. Phantom says this position lets its non-custodial interface connect users to a registered exchange without assuming introducing broker obligations. The decision is among the first no-action responses for a crypto firm under CFTC Chair Michael Selig, who continues to assert the agency's authority over prediction markets while coordinating with the SEC.

On 17 March 2026, the U.S. Commodity Futures Trading Commission granted no-action relief to Phantom Technologies Inc. for activities related to its self-custodial wallet software. The position allows Phantom to offer wallet interfaces that connect users to trading services from registered futures commission merchants, introducing brokers, and designated contract markets without registering as a broker, as long as specific conditions are satisfied.