Brian Armstrong said Coinbase will flatten management layers and require leaders to work as “player-coaches” under the new structure.

Toncoin rose 33.8% after Pavel Durov said Telegram would deepen its role in TON, while details on the foundation and validator structure remain unclear.

Crypto industry body DAXA said the proposed rules could push suspicious transaction reports from South Korea’s five largest exchanges to more than 5.4 million a year, Yonhap reported.