XRP, SOL, ADA Multi-Asset ETF Approval Highly Likely This Week
The SEC is likely to approve Grayscale’s multi-asset ETF including XRP, SOL, and ADA this week, following a gradual regulatory approach similar to Bitcoin and Ether ETFs.
Kazakhstan plans to establish national crypto reserve
Kazakhstan’s central bank plans to create a state-managed cryptocurrency reserve, potentially funded by seized assets and mining operations, to ensure oversight amid crypto volatility risks.
Spanish Authorities Uncover $500M Crypto Scam, Arrest Fraud Ring Members News ETHNews
Spanish authorities, with Europol’s support, arrested five members of a crypto fraud ring that laundered $539M and defrauded 5,000+ victims globally through fake investment schemes.
Spanish Police Dismantle $540 Million ‘Crypto Investment Fraud Ring’ – Decrypt
Spanish police arrested five in a $540M crypto fraud ring, laundering money from 5,000 victims. The operation involved international agencies and targeted a Hong Kong-based banking network.
Crypto Ponzi Scheme Mastermind Gets 8 Years for $40M Investor Fraud—DOJ Confirms
Dwayne Golden sentenced to 8 years for running a $40M crypto Ponzi scheme through fake platforms like EmpowerCoin, promising high returns with no real trading activity.
Israel’s $90M Nobitex Exploit Tied to Crypto-Funded Espionage
A $90M hack on Iran’s Nobitex exchange is linked to pro-Israel hackers who allegedly stole funds and data to uncover Iranian spies paid in crypto. Three Israelis were arrested for crypto-funded espionage activities.
IRS Floods U.S. with Crypto Tax Warnings Amid Rising Enforcement Push News ETHNews
The IRS has increased tax warning letters to U.S. crypto investors, targeting discrepancies in filings, with many linked to Poloniex users. Experts advise reviewing filings and preparing for audits.
IRS Floods US Crypto Users With Notices
The IRS is increasing scrutiny on US crypto users, sending a surge of warning letters about tax filing discrepancies. Tax experts report a significant rise in inquiries compared to last year.
South Korea pauses CBDC tests as stablecoin fever hits banks
South Korea’s central bank postpones CBDC testing amid growing government support for stablecoins. Banks express concerns over costs and prefer issuing their own stablecoins, with plans for a won-backed stablecoin by next year.
US Dollar Faces Historic Stress Test as BIS Issues Dire Warning on Global Fragility – Economics Bitcoin News
The BIS warns of global financial fragility as US policy chaos weakens the dollar’s safe-haven status, threatening systemic instability and eroding worldwide trust in traditional markets.
