Category: crypto

Federal prosecutors have charged Misam Abidi, a Tennessee resident, with operating a cryptocurrency investment scheme through Star Credit Holdings. Abidi is accused of diverting over $1.9 million of investor funds for personal use. The charges include wire fraud, money laundering, unlicensed money transmission, and false tax returns. Prosecutors allege a Ponzi-style operation and false claims…

Ripple has expanded its partnership with Bitso by launching the MXNB stablecoin on the XRP Ledger, supporting cross-border payments between the U.S. and Mexico. This move adds to the growing enterprise payments ecosystem of XRPL. MXNB will operate on the XRPL Permissioned DEX, enhancing liquidity and settlement services for regulated transactions.

MassPay has partnered with Coinbase to offer USDC-based cross-border payouts to enterprise customers in 180 countries. This integration allows clients to fund in USD, convert to USDC through Coinbase, and distribute payments globally. Coinbase provides custody, wallets, settlement, and payment orchestration, while MassPay manages payout delivery through its network.

Polish President Karol Nawrocki vetoed the country’s crypto assets bill for the third time, delaying the implementation of the EU’s MiCA framework. The bill aimed to give the KNF licensing powers over crypto firms, but Nawrocki believed it lacked sufficient safeguards. The veto extends a dispute that has already delayed Poland’s MiCA implementation for months.

During the Asian trading session, Ethereum opened at $1628 and later climbed 2.87% to $1,680 after a late-session rally. Exchange supply fell to a record low of 14.5 million ETH, with staking, private wallets, and treasury holdings reducing exchange balances. The price trend was volatile but generally positive throughout the day.

The U.S. Treasury Department sanctioned nine individuals and entities for supporting Iranian weapons procurement activities. The sanctions target actors in China and Hong Kong who facilitated financial transactions and sourcing operations for Iran’s military. The sanctions were imposed under Executive Orders 13382 and 13902 to disrupt procurement and financing networks.

Coinbase has launched Coinbase for Agents, enabling AI agents to trade, manage portfolios, and make payments through user accounts. The platform uses x402 protocol for autonomous payments. Coinbase has also partnered with MassPay and Mastercard for stablecoin-powered payments. CEO Brian Armstrong sees AI agents conducting more transactions than humans in the future.

Coinbase has added a high-yield USDC vault to its in-app DeFi lending offering. The product runs on Morpho infrastructure and uses vault allocations curated by Steakhouse Financial. The new option includes Ethena-related assets among accepted collateral, expanding lending options for users within the Coinbase application.

Nakamoto Inc. reduced outstanding debt by selling 600 Bitcoin, refinancing debts, and extending maturities into 2027. The company retained 4,467 BTC and approved a $25 million share repurchase program. The refinancing with Kraken lowered annual financing costs by $4 million. Nakamoto also regained Nasdaq compliance.

BitGo has launched Lightning Earn, allowing institutional clients to allocate Bitcoin to Lightning Network channels for routing fees. Amboss Rails manages liquidity across payment channels. Fees come from Bitcoin payments, not token rewards. Clients access the product through BitGo custody accounts, maintaining custody controls and compliance workflows.