Category: crypto

The United States sanctioned 19 entities in Myanmar and Cambodia tied to cyber-fraud compounds, adding new names to the OFAC sanctions list. Compliance requirements for financial institutions are raised, with sanctions blocking property and transactions with designated entities. Stablecoins are central to scam cash-outs and laundering, with industry collaboration accelerating. Enforcement actions and regional utility…

Tether, a stablecoin issuer, has become one of the largest accumulators of Bitcoin in the past year, acquiring over 27,700 BTC. They have divided their Bitcoin strategy between backing their stablecoin and building longer-term investment positions. Despite scrutiny, Tether’s holdings now total 100,521 BTC, making them the third-largest corporate holder of Bitcoin globally.

SwissBorg, a Swiss crypto platform, was subject to a $41 million theft when attackers compromised a partner API. CEO Cyrus Fazel confirmed the breach and assured users of full compensation. The incident only affected users in the SOL Earn program, with the company working to recover stolen funds and enhance security measures.

Julien Bittel from Global Macro Investor argues that the bull run in the economy is in its early stages, contrary to the popular belief of a peak cycle. Economic indicators show subdued sentiment, with central bank policies and oil prices supporting an early-cycle economy with potential for continued expansion.

SEC Commissioner Hester Peirce warns that layer-2 blockchains with centralized matching engines may face exchange registration requirements. She advocates for regulatory protection of truly decentralized protocols that cannot be owned. Peirce emphasizes the importance of distinguishing between immutable code on decentralized networks and centralized entities using blockchain technology. Regulatory complexity arises from centralized transaction ordering…

Investment activity in crypto funds slowed significantly, with $352 million in outflows despite positive economic indicators. Bitcoin products saw $524 million in inflows, while Ethereum faced $912 million in outflows. Other altcoins like XRP and Solana continued to attract interest. US investors led in market redemptions, with Germany leading in inflows.

Russian President Putin’s adviser accuses the US of planning to eliminate its $35 trillion national debt using stablecoins, claiming they seek to rewrite gold and crypto market rules. He warns that the US aims to devalue debt by moving it into stablecoins and starting over. This comes amid global interest in stablecoins and increased regulation…

BitMine has become the largest corporate holder of Ethereum, with over 2 million ETH in reserves valued at $9.21 billion. They aim to own 5% of total ETH supply and have already covered 40% of that goal. BitMine’s stock trades a daily volume of $1.7 billion, competing with traditional blue-chip stocks. They plan to invest…

Nasdaq is seeking regulatory approval to trade tokenized versions of stocks and ETFs on its platform. This initiative aims to combine the benefits of tokenization with investor rights and market safeguards. The move reflects a broader trend in traditional finance, with potential for a $190 trillion market. Nasdaq plans to maintain market stability while embracing…

Last week, corporate treasuries dominated Bitcoin issuance, with two publicly traded firms, Strategy and Tokyo-listed Metaplanet, purchasing over $230 million worth of BTC. Strategy bought 1,955 BTC, while Metaplanet acquired 136 BTC. Strategy’s BTC stash now stands at 638,460 BTC, while Metaplanet holds 20,136 BTC.