New York Regulator Secures $48.5M Settlement From Paxos Over Binance Dealings

After failing to detect $1.6 B in suspect activity tied to Binance, Paxos has concluded a $48.5 M settlement with NYDFS that includes a $26.5 M penalty and a $22 M commitment to rebuild onboarding, transaction monitoring and cooperation with enforcement, showing tougher scrutiny for crypto custodians.
The post New York Regulator Secures $48.5M Settlement From Paxos Over Binance Dealings appeared first on Cryptonews. …

$ENA Rises 12%: Whale Accumulation & $1 Breakout Potential

$ENA has surged 12% as trading volumes rebound and whales add over 1 B tokens, lifting FDV near $9.5B. Ethena has launched on-chain reserves audits and a Celestia-Arbitrum Layer-1 roadmap, while TON and Aave integrations expand stablecoin reach, though a rising wedge restricts near-term upside.
The post $ENA Rises 12%: Whale Accumulation & $1 Breakout Potential appeared first on Cryptonews. …

Sui ($SUI) Rallies 8.7% as $450M Institutional Bet Signals Fresh Run Toward $4

Sui ($SUI) has advanced 8.7% toward $4 on growing institutional interest and DeFi traction. Mill City Ventures has allocated $450 M, AMINA Bank has begun regulated custody, TVL has topped $2.09 B, and integrations such as zkTunnels and Google Cloud have bolstered enterprise adoption.
The post Sui ($SUI) Rallies 8.7% as $450M Institutional Bet Signals Fresh Run Toward $4 appeared first on Cryptonews. …

Australian Crypto Laundering Crackdown: ASIC Charges Four Over $35M Fake Bond Scam

An Australian crypto laundering investigation has brought charges against barrister Dimitrios Podaridis, Peter Delis, Bassilios Floropoulos and Harry Tsalikidis. ASIC alleges they funneled funds from fake bond schemes into offshore accounts and crypto exchanges between January and July 2021.
The post Australian Crypto Laundering Crackdown: ASIC Charges Four Over $35M Fake Bond Scam appeared first on Cryptonews. …

Shiba Inu Price Prediction: SHIB’s Top Developer Kusama Calls for Historic Election – $10 SHIB Possible?

Shiba Inu (SHIB) is gaining momentum as the project announces a groundbreaking move – a community election to choose the next leader of its $7 billion “state network.”The token has edged higher following the news, with developers framing the vote as a major step toward full decentralization.Shytoshi Kusama, the most prominent figure behind the Shiba […]
The post Shiba Inu Price Prediction: SHIB’s Top Developer Kusama Calls for Historic Election – $10 SHIB Possible? appeared first on Cryptonews. …