Are Criminals Really Switching From Crypto to Gold for Money Laundering? – Decrypt
UK criminals are increasingly using gold for money laundering due to its portability, value, and lack of traceability, though hard data on this trend remains scarce.
Justice Dept. Files to Seize Record $225 Million Tied to ‘Pig Butchering’ Crypto Scams – Decrypt
The U.S. Department of Justice filed to seize $225.3 million in USDT tied to ‘pig butchering’ crypto scams. Tether and OKX assisted in identifying the laundered funds linked to fraudulent investment schemes.
Chinese Central Bank head pledges to expand international CBDC use — Report
China’s central bank plans to expand the digital yuan’s international use, creating a Shanghai operations center. It aims for a multipolar currency system, contrasting with the current dollar-dominated one.
XRP News Today: XRP ETF Goes Live in Canada as U.S. Trails Behind in Regulatory Race – Brave New Coin
Canada launches North America’s first spot XRP ETF, while the U.S. lags due to regulatory delays tied to Ripple’s SEC lawsuit. The Purpose XRP ETF offers investors secure exposure to XRP.
ZachXBT Flags $5-10B Black Market on Tron Linked to Lazarus Group Hacks
On-chain investigator ZachXBT reveals a $5-10B black market on Tron linked to Lazarus Group hacks, with stolen funds laundered via illicit networks and OTC brokers, highlighting crypto’s crime supercycle.
No Rate Cut, No Filter: Trump Slams Fed Chair With Nicknames and Jabs – Bitcoin News
President Trump criticized Fed Chair Jerome Powell ahead of the Federal Reserve’s rate decision, using nicknames to push for lower rates, while Bitcoin news covered the event.
North Korea’s hackers could have laundered as much as $1.5 billion in stolen crypto
North Korean hackers stole $2 billion from crypto exchanges, laundering over $1.5 billion via Chinese networks, decentralized exchanges, and OTC brokers despite some frozen assets and fees.
‘Global Response’ to Crypto Regulation Needed as US Advances GENIUS Act: FCA – Decrypt
UK FCA official Jane Moore emphasizes the need for global crypto regulation to prevent arbitrage, as the US advances the GENIUS Act. Lord Chris Holmes advocates for balanced regulation to foster innovation and protect consumers.
Bitcoin Reserve Bill Enters Ukrainian Parliament
Ukraine’s parliament introduced a bill to allow Bitcoin in national reserves, giving the central bank discretion on acquisition and management without mandating its use.
Washington City Bans Bitcoin ATMs Amid Surge in Crypto Scams – Decrypt
Spokane, Washington bans all crypto ATMs and kiosks to combat rising scams, requiring removal within 60 days. The city cites $141 million in losses and vulnerable residents as key reasons for the ban.
