China’s JD.com enters stablecoin race as US passes GENIUS Act
JD.com plans to launch a global stablecoin for cross-border payments, aiming to reduce costs by 90% and speed up transactions. This follows the US Senate passing the GENIUS Act to regulate stablecoins.
Investment Advisor Pushes $45,650,000 Bank Fraud Scheme, Shovels Defrauded Money Into Property and Private Plane – The Daily Hodl
Nebraska investment advisor Jesse Hill pleads guilty to a $45.65M bank fraud scheme, using fake accounts to secure loans for property and a private plane, facing up to 30 years in prison.
Archetyp Market Shut Down in Europol Raid
Europol shut down Archetyp Market, a major dark web drug platform using Monero. Arrests were made across Europe, but experts warn such disruptions may be temporary as operators adapt.
Thailand Approves 5-Year Crypto Capital Gains Tax Break
Thailand approved a 5-year capital gains tax exemption for crypto to boost its digital asset hub status. The measure starts in 2025, alongside plans for a Crypto-Asset Reporting Framework and tokenized bonds.
Washington’s second-biggest city, Spokane, bans crypto ATMs
Spokane bans crypto ATMs to combat scams targeting residents, becoming Washington’s first city to do so. The council cites rising fraud cases, with operators given 60 days to remove kiosks.
$46M Bitcoin Donation Pushes Czech Government to the Brink – Crypto News Bitcoin News
A $46M Bitcoin donation from a convicted criminal to the Czech Ministry of Justice has triggered a government crisis, leading to a no-confidence vote by opposition parties.
Gemini Files Complaint Against CFTC, Alleges 7-Year ‘Lawfare’ Campaign – Decrypt
Gemini accuses the CFTC of a seven-year ‘lawfare’ campaign driven by career ambitions, not consumer protection, citing false whistleblower claims from a discredited former employee.
Archetyp dark web market shut down, but ecosystem adapts: TRM Labs
Europol shut down Archetyp Market, a major dark web marketplace, but TRM Labs reports the ecosystem adapts quickly. Vendors shift to apps like Telegram, complicating enforcement efforts.
US Senate approves GENIUS Act to regulate stablecoins; bill moves to house – CoinJournal
The US Senate passed the GENIUS Act to regulate stablecoins, requiring them to be backed by liquid assets and monthly reserve disclosures. The bill now moves to the House for approval.
$650M Crypto Fraud Charges Dropped: CEO Acquitted Months After Stabbing Incident
South Korean court acquits Haru Invest CEO Lee Hyung-soo of $650M fraud charges, citing lack of criminal intent. The ruling follows a stabbing incident and highlights regulatory challenges in crypto.
