Key Takeaways A federal court in Boston has fined UAE-based crypto market maker CLS Global $428,059 and prohibited it from participating in digital asset markets accessible to U.S. investors for the next three years. The sentencing, announced by the Massachusetts…
Key Takeaways Leading crypto exchange OKX has been fined €1.1 million ($1.2 million) by Malta’s Financial Intelligence Analysis Unit (FIAU) for serious anti-money laundering (AML) compliance failures identified during a 2023 regulatory inspection. The penalty, disclosed by the FIAU this…
Key Takeaways Tether, the issuer of the world’s largest stablecoin USDT, has expanded its Bitcoin holdings in the first quarter of 2025, purchasing 8,888 BTC for approximately $744 million. On-chain transaction data confirms the acquisition, bringing Tether’s total Bitcoin reserves…
Key Takeaways The first quarter of 2025 has recorded the highest crypto-related losses in history, with security breaches amounting to over $1.6 billion. As per blockchain security firm PeckShield, there’s been a 131% surge in crypto losses compared to the…
Key Takeaways Binance co-founder Changpeng Zhao (CZ) has announced a donation of 1,000 BNB, valued at approximately $500,000, for disaster relief in Thailand and Myanmar following a 7.7-magnitude earthquake. The funds will be split equally between the two countries, with…
Key Takeaways Crypto.com announced on Thursday that the U.S. Securities and Exchange Commission (SEC) has concluded its investigation into the exchange and will not pursue enforcement action. The SEC has not issued a public statement regarding the closure of the…
Key Takeaways Wyoming has begun testing its state-issued stablecoin, the Wyoming Stable Token (WYST), across multiple blockchain networks, with a full launch expected by July 2025. Governor Mark Gordon and Wyoming Stable Token Commission Executive Director Anthony Apollo provided updates…
Key Takeaways The crypto industry is pushing back against the U.S. Department of Justice’s (DOJ) legal actions against Tornado Cash, arguing that the agency is misapplying federal money transmission laws. A coalition of 34 crypto organizations, led by the DeFi…
Key Takeaways Upbit, a leading crypto exchange in South Korea has received temporary relief from a regulatory suspension that restricted it from onboarding new clients. A South Korean court approved an injunction delaying the Financial Intelligence Unit’s (FIU) three-month ban…
Key Takeaways North Carolina lawmakers have introduced two bills that could allow state pension funds to invest in digital assets, including cryptocurrencies, stablecoins, and NFTs. If approved, the legislation would permit up to 5% of certain state-managed retirement funds to…
