The Madras High Court in India has ruled in favor of an XRP holder, declaring cryptocurrency as 'property capable of being possessed.' This decision prevents WazirX from redistributing 3,532 XRP to offset losses from a $230 million hack, marking a significant legal recognition for digital assets in India. In a separate development, the Mt. Gox trustee has received a one-year extension to repay creditors, moving the deadline from October 2025 to 2026. This delay affects the long-awaited distribution of Bitcoin to creditors of the defunct exchange. Meanwhile, the People’s Bank of China has issued a warning about the systemic financial risks posed by stablecoins, particularly in underdeveloped economies. This comes as Bitcoin continues to trade within a narrow range of $111,000 to $115,000.