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US Sanctions Russia's Crypto Exchange, Executives Over $100 Million in Illicit Transactions
The US Treasury Department has re-designated Moscow-based cryptocurrency exchange Garantex and sanctioned its successor, Grinex, along with three executives and six associated companies in Russia and the Kyrgyz Republic.
Officials say Garantex processed more than $100 million in illicit transactions since 2019, including funds tied to ransomware attacks and darknet
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Crypto Exchange Bullish Valued at $13.2 Billion After NYSE Debut, Outperforms eToro
Cryptocurrency exchange Bullish made a stunning Wall Street debut yesterday (Wednesday), with shares more than doubling to give the company a nearly $13.2 billion valuation and mint two new crypto billionaires in the process.
Crypto Exchange Bullish Soars in Blockbuster NYSE Debut
The company's stock opened at $90 and climbed as high as $118 before settling at $68 – an 84% gain
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Terraform Labs Founder Do Kwon Admits Guilt in $40B Crypto Fraud
Do Kwon walked into a Manhattan federal courtroom yesterday (Tuesday) and did something many crypto executives have avoided: he admitted he was wrong.
The 33-year-old South Korean entrepreneur pleaded guilty to conspiracy to defraud and wire fraud charges linked to the spectacular collapse of his TerraUSD and Luna cryptocurrencies, which wiped out roughly $40 billion in investor funds
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Kraken Launches Crypto Services Across 30 EEA Countries Under MiCA License
Kraken has officially launched its services across all 30 countries in the European Economic Area under its Markets in Crypto-Assets Regulation license. It allows Kraken to offer crypto services to millions of customers across Europe within a unified regulatory framework.
Other crypto exchanges such as Coinbase and
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Stablecoin Issuer Paxos Applies for National Trust Charter After Circle, Ripple
Paxos has filed a new application with the U.S. Office of the Comptroller of the Currency to secure a national trust charter, seeking to replace its New York state license with federal oversight.
The move comes shortly after Circle and Ripple submitted
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Strategy Adds $18M in Bitcoin on Fifth Anniversary of First Purchase as Price Jumps 5%
Michael Saylor’s Bitcoin accumulation strategy reached its five-year mark on Monday, with Strategy announcing a fresh purchase of 155 BTC for $18 million. The buy brings the company’s total holdings to 628,946 BTC, valued at nearly $76 billion, or about 3% of bitcoin’s fixed supply.
Five-Year Gains Outpace Bitcoin
Strategy adopted
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Melania Trump Meme Coin: A 98% Crash and the "Pump and Dump" Party
The Melania Trump meme coin crash highlights the dangers of "pump and dump" schemes in the crypto world.
A Meme Coin's Meteoric Rise... and Fall
It was supposed to be a big deal: Melania Trump's meme coin (site), launched with the promise of transforming the meme coin market, caught fire earlier this year. But like a firework bursting in the
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NYDFS Fines Paxos $26.5M, Orders Compliance Overhaul in Binance Stablecoin Case
The New York Department of Financial Services announced a $48.5 million settlement with Paxos, a crypto infrastructure company. The settlement concerns Paxos' partnership with Binance and alleged shortcomings in its anti-money laundering controls.
In February 2023, Paxos ceased minting Binance USD tokens following an NYDFS investigation into its relationship with Binance and
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Ripple to Acquire Stablecoin Payments Firm Rail for $200M, XRP Jumps 4%
Ripple has agreed to acquire Rail, a stablecoin-focused global payments platform, for $200 million. The deal, announced this week, is expected to close in the fourth quarter of 2025, pending regulatory approvals. It marks Ripple’s latest move to expand its digital asset payments infrastructure amid rising demand for stablecoin-based transactions.
Building Out a Stablecoin Payment
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SCA and VARA Partnership Expands Dubai’s Tiered Licensing Model Across UAE
The United Arab Emirates has formalized a cooperation agreement between its two main crypto regulators. The Securities and Commodities Authority and the Dubai Virtual Assets Regulatory Authority have agreed to unify the country’s approach to virtual asset regulation.
In Dubai, crypto regulation follows a structured and layered system. The
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Tokenized Stocks Mania Grows as Market Cap Soars 220% in July
Interest in tokenized stocks surged sharply in July, with TSLA and SPY reaching $53.6 million in market cap – up 220% since June, Binance highlighted in its latest report.
On-chain addresses linked to these assets grew from just 1,600 to over 90,000 in one month. Trading activity on centralized exchanges dwarfs on-chain platforms by over 70 times, suggesting pent-up demand beyond what
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Bybit Pursues MiFID License for EU Derivatives, Phases Out MT5 for In-House TraFi
Bybit CEO and co-founder Ben Zhou recently delivered a live-streamed keynote on social media platform X. Zhou confirmed that Bybit is applying for a MiFID II license in the European Union.
This would allow the crypto exchange to offer regulated derivatives products, including futures and options, to European clients. The MiFID license would expand Bybit’s services beyond its current
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Crypto Wins Partial Victory as SEC Eases Staking Concerns
Liquid staking just got approved by the U.S. Securities and Exchange Commission. In a staff statement released Tuesday, the agency clarified that this type of staking does not require securities law disclosures, offering the industry a degree of legal clarity it has long sought.
The statement, published by the SEC’s Division of Corporation Finance, addresses how liquid staking works
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$60 Billion in Crypto Fraud: How Pig Butchering and Rug Pulls Steal Millions
Since Bitcoin launched, crypto scams have grown more frequent and complex. They now go beyond basic phishing or giveaways, involving even well-known companies in fraud like rug pulls.
UPay reviewed 236 major crypto scam cases, revealing losses exceeding 60 billion dollars, though this likely underestimates the total damage. The largest single loss was 40 billion dollars from the Luna
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CFTC Wants to Allow “Spot Crypto Asset Contracts” Trading on Registered Exchanges
The US Commodity Futures Trading Commission (CFTC) is set to launch an initiative to allow trading of “spot crypto asset contracts” on registered futures exchanges in the country, the regulator announced yesterday (Monday).
Aligning with Working Group’s Recommendations
The initiative
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