Welcome back to Continuum Risk Update. Every Friday we pull the top Asia headlines on digital-asset regulation, cyber risk, industry moves and insurance signals, with concise takeaways and practical actions for insurers and corporate risk teams.

1) Regulatory
Japan moves to ban crypto insider trading as FIEA reclassification takes hold in 2026
Source: https://financefeeds.com/japans-fsa-to-enforce-crypto-insider-trading-ban/

Singapore’s June 30 deadline for unlicensed digital token providers looms
Source: https://www.elliptic.co/blog/crypto-regulatory-affairs-singapores-june-30-deadline-for-digital-token-service-providers-approaches

2) Hacking & Physical Risks
$127M stolen in cross-chain bridge attack targeting institutional market makers
Source: https://www.nadcab.com/blog/defi-bridge-exploit-june-cross-chain

DOJ-led “Disruption Week” freezes $3.8M tied to Southeast Asia scam compounds
Source: https://lnkd.in/gwPRZzBW

3) Industry & Markets
Coinbase Ventures backs onchain reinsurance protocol Re as real-world risk meets DeFi capital
Source: https://www.reinsurancene.ws/onchain-protocol-re-secures-strategic-investment-from-coinbase-ventures/

4) Insurance Spotlight

Willis: cyber cover delivers on most breach and first-party losses, but the gap is widening at the top
Source: https://insuranceasianews.com/cyber-insurance-limit-adequacy-under-the-microscope-across-asia-as-average-ransomware-event-cost-tops-us5m/