Jesse B.

The U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN) is moving to blacklist Cambodia-based Huione Group from the American financial system, citing its role in laundering billions in illicit funds connected to cybercrime networks and sanctioned entities, including North Korea. In a proposed rule issued Thursday under Section 311 of the USA PATRIOT Act, FinCEN formally

In a move to expand crypto-linked investment products, Canary Capital has filed an S-1 with the U.S. Securities and Exchange Commission (SEC) to launch the first-ever exchange-traded fund (ETF) focused on SEI, the native token of the Sei blockchain. The proposed fund, dubbed the Canary Staked Sei ETF, aims to offer regulated exposure to SEI’s

Tether, the company behind the world’s largest stablecoin USDT, posted over $1 billion in operating profit for Q1 2025, according to its latest financial attestation. While still strong, the figure marks a sharp decline from the record-breaking $4.52 billion reported in Q1 2024. The drop is largely attributed to a decrease in unrealized gains from

Coinbase has joined a growing legal coalition urging the U.S. Supreme Court to revisit outdated surveillance laws that allow the IRS to obtain crypto user data without warrants or suspicion. In a newly filed amicus brief, the company supports the plaintiff in Harper v. O’Donnell—a case that could significantly reshape the privacy landscape in the

Bitcoin’s reputation as a maturing asset gained momentum this week as its weekly volatility dropped to a 563-day low, signaling rising market stability and investor confidence. According to K33 Research, Bitcoin’s price fluctuations are now the most subdued since late 2022, suggesting a transition into a new phase of institutional acceptance. Volatility, a critical indicator

Trump Media & Technology Group (TMTG), the company behind Truth Social, is exploring the launch of a native cryptocurrency and digital wallet to expand its ecosystem of digital services. The plan, detailed in a shareholder letter released Tuesday, marks TMTG’s latest effort to integrate blockchain technology into its media and financial platforms. The utility token

PayPal has cleared a key regulatory hurdle as the U.S. Securities and Exchange Commission (SEC) has officially closed its investigation into the company’s stablecoin, PYUSD, with no enforcement action recommended. The development marks the end of a nearly two-year inquiry and offers potential precedent for how regulators may treat stablecoin issuers going forward. In a

Australia’s financial intelligence agency, AUSTRAC, has launched a major crackdown on dormant cryptocurrency exchanges, warning inactive businesses to voluntarily deregister or face forced cancellation. The move, announced Monday, is part of an intensified effort to protect consumers and prevent the criminal misuse of licensed but non-operational platforms. AUSTRAC said it has directly contacted digital currency

The Ethereum Foundation has unveiled a major leadership overhaul aimed at sharpening its focus on Ethereum’s long-term vision while improving operational execution. Announced on April 28, the restructuring formally separates the responsibilities of the Board of Directors from those of a newly appointed Executive Management Team. Under the new structure, the Board will serve as