Category: crypto

Geoffrey K. Auyeung from Newcastle, Washington, has been sentenced to five years in prison for conspiracy to commit money laundering, involving over $97 million through bank and crypto accounts. He helped fraudsters move funds through various cryptocurrencies and received commission payments. Restitution and forfeiture proceedings are ongoing.

The first U.S. insider trading case involving a prediction market is set for trial on Dec. 7 for Army soldier Gannon Van Dyke. Prosecutors claim he used classified intelligence to profit over $410,000 on Polymarket wagers. The case raises scrutiny on Polymarket from U.S. lawmakers, regulators, and South Korean authorities.

House lawmakers reviewed bills aimed at reducing tax filing burdens for digital asset users, investors, and brokers. Democrats raised concerns about proposed mining and staking deferrals. The bills are still in the committee hearing stage and would need approval from both chambers before becoming law. The proposed changes aim to update tax rules for various…

CME Group has launched Nasdaq CME Crypto Index futures, offering exposure to eight major cryptocurrencies through a single regulated contract. The futures settle in cash against the Nasdaq CME Crypto Settlement Price Index, providing traders with broader market exposure without holding the underlying assets directly. Trading began on June 8, expanding CME’s crypto derivatives offerings.

BitGo now allows eligible institutional clients to access Aave, Spark, and Tesseract through its integration with Narval. Assets remain in qualified custody, with Narval checking transaction details and policy rules before authorizing wallet signing requests. This expands regulated DeFi access for financial firms seeking controlled routes into on-chain markets.

Japan’s three megabanks, MUFG Bank, Sumitomo Mitsui Banking Corporation, and Mizuho Bank, plan to start live stablecoin transactions within fiscal year 2026. A joint council will examine issuance infrastructure, governance, and operating rules. The FSA-backed pilot tested corporate cross-border payments using Progmat’s blockchain infrastructure. The project aims to support various payment uses.

Ripple has joined Water.org’s Get Blue campaign as its exclusive digital asset and payments partner. The partnership will use Ripple’s RLUSD stablecoin to move funds faster to microfinance partners serving families in emerging markets. The campaign combines corporate donations with affordable loans for household water and sanitation improvements worldwide.

Hyperliquid and Paradigm are urging the U.S. Treasury to narrow proposed anti-money laundering rules for stablecoin issuers, specifically in the secondary market. They argue that current rules could push regulated stablecoin liquidity to permissioned or offshore alternatives, and that issuers should not be held responsible for transactions they cannot control.

Chainalysis has expanded its partnership with the Korean National Police Agency to focus on virtual asset investigations. The agreement includes training, certification, and practical programs for investigators handling crypto crime, with a focus on wider crypto crime and strengthening South Korea’s response to North Korean-linked attacks. The partnership includes Korean-language lessons, certification programs, and joint…

Kalshi has implemented new compliance measures, including mandatory employer disclosures for traders in higher-risk markets and a risk scoring system for proposed contracts. During the first quarter of 2026, the platform reported over 150 investigations, blocked over 100 insider-trading attempts, and made 20 law-enforcement referrals. Kalshi’s expansion and compliance initiatives come amidst increased scrutiny of…