The Securities and Futures Commission (SFC) has officially approved the first Solana (SOL) spot ETF, marking a significant milestone for the cryptocurrency in Asia. This approval is expected to enhance Solana's market presence and attract more institutional investors. In Kyrgyzstan, the government plans to issue a national stablecoin on the BNB Chain, aiming to modernize its financial infrastructure and increase digital currency adoption. Meanwhile, Russia has legalized the use of cryptocurrencies for foreign trade payments, a move that could potentially circumvent international sanctions. Japan has elected Sanae Takaichi, a known crypto-friendly politician, as Prime Minister, which may lead to more favorable regulations for the crypto industry. Additionally, Shanghai has reported a virtual currency fraud case, highlighting ongoing security challenges in the sector. In Thailand, the Digital Identity Project World is under investigation, reflecting the region's scrutiny over digital identity initiatives.