DOJ has seized $225.3 million in Tether’s USDT, its largest crypto forfeiture, after following blockchain trails that linked the funds—laundered via OKX—to an international ‘pig-butchering’ scam that has reportedly cost more than 400 victims and $9.3 billion in losses across 2024.
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Category: Cryptocurrencies
Bank of Korea Still Skeptical About Won Stablecoin Issuance Despite Circle Meeting
The Bank of Korea, South Korea’s central bank, is still lukewarm on proposals to launch a won stablecoin despite a recent meeting with the USD Coin (USDC) issuer Circle.
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Nasdaq-Listed Eyenovia Raises $50M to Build First US Public Company HYPE Treasury – $100 Target Realistic?
Nasdaq-listed Eyenovia has become the first US publicly traded company to establish a dedicated HYPE treasury reserve, raising $50 million through private placement to accumulate over 1 million tokens of Hyperliquid’s native cryptocurrency, triggering a massive 134.68% surge in the company’s stock price.
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Russian Authorities Bust Massive $700K-a-Year Illegal Crypto Mining Farm Hidden as Industrial Plant
Russian prosecutors have closed a massive illegal crypto mining farm on state land.
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OpenLedger and UC Berkeley Give Students Direct Ownership in Building Decentralized AI
Decentralized AI blockchain OpenLedger and Blockchain at Berkeley give direct ownership over AI models to students building them, turning passive observers into “active architects.”
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BlackRock’s BUIDL Fund to Become Accepted as Collateral on Crypto.com and Deribit
Crypto.com and Deribit will soon accept BlackRock’s BUIDL fund, a tokenized money market fund backed by U.S. Treasurys, as collateral on their exchanges.
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$PEPE Bulls Plot Elliott Wave Rebound After Brutal Drop – Key Levels to Watch
$PEPE has continued its decline, slipping 3% amid a 60% loss since December, while on-chain data shows a $5.2M whale withdrawal from Binance. Open interest has increased despite falling volume, and analysts have suggested a final 15% dip could precede a rebound toward the 2024 highs.
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Russian Authorities Discover 30,000sqm Illegal Crypto Mining Farm in Industrial Plant
Russian prosecutors say they have shut down a 30,000 sqm crypto mining farm illegally operating in an industrial plant located on state-owned property.
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US Senate Passes First Major Stablecoin Regulation Bill — Here’s What Happens Next
The US Senate has passed the GENIUS Act in a 68–30 vote, marking the first major federal move to regulate stablecoins.
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China’s Central Bank Wants a Multi-Currency World — Led by Digital Yuan
China’s central bank chief has called for a shift from dollar dominance toward a multi-currency system led in part by the digital yuan.
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