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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The South Korea-based cryptocurrency exchange, Bithumb, is facing significant legal and operational challenges following a major system error in February. This resulted in more than $43 billion worth of Bitcoin (BTC) being distributed to users, prompting scrutiny from regulatory bodies.  The Financial Intelligence Unit (FIU) has preliminarily notified Bithumb of a six-month partial suspension of its business for alleged violations of Anti-Money Laundering (AML) and Know Your Customer (KYC) regulations under the Special Financial Transactions Act.  Bithumb’s Business Operations Under Fire  According to local media reports, the…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure US banks may need regulatory clarity more than the crypto industry, a former Commodity Futures Trading Commission (CFTC) chief said, arguing they risk falling behind the rest of the world. Regulatory Uncertainty Could Leave US Banks Behind On Sunday, Chris Giancarlo, former chairman of the CFTC, discussed the significant policy reversal under the Trump administration that has been driving crypto innovation in the US, including the highly anticipated market structure bill. In an interview for Scott Melker’s The Wolf Of All Streets podcast, the ex-CFTC chief affirmed…

A crypto analyst known for calling the 2022 Bitcoin crash says the BTC market is showing resilience amid global uncertainty. Pseudonymous analyst Capo tells his 909,000 followers on X that key metrics show Bitcoin’s market remains strong as the top crypto asset hovers around $69,000, after reaching a high this week at around $73,000. “Despite the events, the strength that the market is showing is undeniable. Bears keep getting trapped.” The analyst shares a chart highlighting the recent buying and selling volume of Bitcoin, suggesting the market is absorbing large volume sell-offs. Source: Capo/X The analyst also shares another chart…

In brief The Bank Policy Institute is weighing a lawsuit against the Office of the Comptroller of the Currency over its move to grant national trust charters to crypto and fintech firms. Banking groups warn the licensing push could allow crypto firms to offer bank-like services nationwide without facing the same regulatory oversight as traditional banks. Several crypto companies have received conditional approval for the national charters. The Bank Policy Institute, which represents Wall Street heavyweights including JPMorgan Chase, Goldman Sachs, and Citigroup, is mulling a lawsuit against the Office of the Comptroller of the Currency over its push to…

In brief Federal prosecutors have asked a Manhattan judge to retry Tornado Cash developer Roman Storm on charges a jury deadlocked on last August. The Justice Department proposed an October retrial on two conspiracy counts carrying a potential 40-year maximum sentence. The court must first rule on Storm’s pending motion seeking acquittal before any retrial proceeds. Federal prosecutors have asked a Manhattan judge to retry Tornado Cash developer Roman Storm on money-laundering and sanctions-evasion charges that a jury deadlocked on last August, even as the White House previously signaled openness to pardoning another crypto privacy developer for comparable conduct.In a…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Kraken parent Payward has partnered with Nasdaq to build what the companies describe as an “equities transformation gateway,” a new infrastructure layer designed to connect regulated tokenized equity markets with permissionless blockchain networks. For crypto markets, the significance is clear: one of the largest traditional market operators is now working directly with a crypto-native tokenization framework to move equities between institutional rails and DeFi environments. The partnership centers on xStocks, Kraken’s tokenized equities product, which Payward said has surpassed $25 billion in total transaction volume less than…

In brief Grok generated vulgar posts about football tragedies after users prompted it to “not hold back.” Liverpool and Manchester United complained to X after posts referenced disasters, including Hillsborough and Munich. The incident renews scrutiny of following Grok’s “MechaHitler” meltdown last year. Elon Musk’s AI chatbot Grok is facing renewed backlash from UK officials and two Premier League clubs after generating vulgar posts about historic football tragedies when prompted by users on X.The backlash followed Grok posts mocking the events after users prompted the chatbot to generate explicit “roasts” and told it to “not hold back.”The responses referenced the…

In brief Bitcoin has climbed more than 4% to roughly $69,100 as risk assets steadied after oil retreated from a spike tied to Middle East tensions. Futures open interest and aggressive buying in perpetual markets suggest traders are cautiously returning to leveraged positions. U.S. spot Bitcoin ETF inflows have risen to about $934 million, even as trading volumes and network activity remain subdued. Bitcoin’s market structure is showing early signs of stabilizing after weeks of pressure, according to a new market note from on-chain analytics firm Glassnode, even as the escalating conflict involving Iran continued to roil global financial markets.Bitcoin…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Shiba Inu (SHIB) whale activity has intensified as major token holders shift their assets away from centralized exchanges (CEXs). Exchange reserves have plummeted to record lows, while the SHIB burn rate has accelerated dramatically, suggesting these investors may be preparing for significant market movements. These developments raise the question of whether the whales are positioning ahead of a potential market rebound or simply taking advantage of price declines to accumulate.  Shiba Inu Whales Execute Massive Exchange Withdrawals Shiba Inu has experienced a dramatic shift in whale behavior,…

In brief Coinbase rolled out futures trading across 26 EU countries for the first time. Products include perpetual futures, dated contracts, and Mag7 + Crypto Equity Index Futures. Kraken and Crypto.com already launched similar offerings in May 2025. Coinbase launched futures contracts for traders across Europe, marking the first time the exchange has offered regulated crypto derivatives directly to users in the region.The products are being progressively rolled out through Coinbase Advanced in 26 European countries, including Germany, France, and the Netherlands, offered through its MiFID II.A license through Markets in Financial Instruments Directive, or MiFID, grants firms permission to…

In brief Bitcoin is up 4.78% today trading at $69,128. Last week’s apparent triangle breakout closed as a massive bullish wick — a classic false breakout signal. On Myriad, prediction market traders are split among bulls and bears, with no clear consensus on which way the squeeze resolves. Traditional markets are acting spooked as geopolitical tensions rise. The VIX—Wall Street’s “fear gauge” measuring expected volatility in the S&P 500—surged above 35, its highest level in nearly a year, as oil prices briefly spiked toward $120 per barrel following U.S. and Israeli strikes on Iran. Stocks fell. Gold fell. Pretty much…

In brief Artificial intelligence holds a net favorability rating of -20 among U.S. voters, ranking below figures including President Trump and Kamala Harris in a new NBC News poll. Despite the weak sentiment, 56% of respondents said they used an AI platform such as ChatGPT, Microsoft Copilot or Google Gemini in recent months, up from 48% in late 2024. A majority of respondents, 57%, said the risks of artificial intelligence outweigh its benefits, reflecting broader concerns about privacy, economic disruption and trust in the technology. More than half of Americans said they had used an artificial-intelligence platform in the past…

In brief Moldova’s National Anticorruption Center has identified an election-influence scheme that saw some $107 million used to promote candidates and bribe voters. The “complex transaction scheme” could be traced back to two centralized crypto platforms in Russia and Kyrgyzstan, the CNA said. Blockchain analysis firm TRM Labs identified Kyrgyzstani crypto exchange TokenSpot as being connected to a “larger Russian sanctions evasion ecosystem.” Moldova’s National Anticorruption Center has uncovered a scheme to influence the country’s 2025 parliamentary elections that used crypto to channel funds to activists and bribe voters.According to CNA director Alexandr Pinzari, cited in local media reports, the…

For all of bitcoin’s life, it has been fighting an uphill battle against fiat currencies that mostly do the job of being money. Obviously, fiat has plenty of issues, but when it comes to impacts immediately visible to everyday people in much of the world, bitcoin isn’t 10x better. Some may even conclude that they would prefer a system based on neutral money to government-rigged ones, but entrenched fiat systems work well enough that few want to deal with the hassle of constant conversion. With the rapid growth in agents’ capabilities, a huge gap has opened that bitcoin has a…

Treasury’s mixer language points to a new U.S. line on crypto privacyA new Treasury report says lawful users may use mixers for financial privacy on public blockchains. The language leaves Treasury’s money-laundering case intact, while opening room for privacy tools that can operate inside regulated U.S. crypto markets.In a report to Congress this week, the U.S. Treasury said lawful users of digital assets may use mixers to protect financial privacy on public blockchains.Treasury gave ordinary examples. It said users may want to shield personal wealth, business payments, charitable donations, and consumer spending from full public view.The same report also kept…