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The US sanctioned Xinbi and restrained $52 million in cryptocurrency, while the Justice Department seized its Telegram channels and two wallets. Investigators are pursuing 47 additional wallets tied to the alleged laundering network.
US Bank tested its proprietary USBDC stablecoin in a transfer between North American and European entities using the public Stellar blockchain, Cointelegraph reported. The pilot connects institutional stablecoin activity with the Stellar network and XLM.
The euro’s onchain presence remains far below the dollar’s, with euro-pegged stablecoins totaling €711 million and less than 1% of supply. RockawayX’s Ryan Connor points to missing DeFi infrastructure and emerging MiCA-regulated rails.
U.S. Bank completed a live cross-border payment transaction while exploring its USBDC stablecoin for treasury payments, liquidity management and collateral. CoinDesk reported that the test represents another step toward a possible stablecoin launch.
Bitcoin may benefit from a euro-led DXY decline, but CryptoSlate said weakness in the dollar would need confirmation from real yields, credit conditions and Bitcoin’s performance across currencies to signal a broader liquidity improvement.
CryptoSlate reports millions of AI-agent micro-payments on the XRP Ledger, but limited XRP buying. A September 8 dashboard also recorded 4,125 RLUSD settled, showing payment counts alone do not prove substantial XRP demand.
Circle has agreed to buy cross-border payments firm Tazapay for $400 million, CoinDesk reported. The deal could provide regulated last-mile infrastructure linking stablecoins with traditional local banking systems.
CrowdStrike says its Aug. 31 disruption blocked new malware payloads, but malware already installed can still replace copied crypto payment addresses, leaving users exposed to redirected transactions.
Cronos’s post-mortem said the Tectonic exploit affected $120.4 million in borrowing, with 7.6%, or about $9.2 million, transferred off-network before validators intervened and the rollback took place.
CoinDesk reports that Bitcoin’s daily chart has triggered a golden cross, a technical signal indicating the potential for a longer-term bullish trend in the cryptocurrency.
A Gamers Nexus investigation reportedly found LG TVs scanning home-network devices and capturing microphone audio while their screens appeared off, four months after LG told Texas regulators it had fixed its tracking practices.
A Coinbase-backed cross-chain project is shutting down after saying bridge fees cannot support always-on infrastructure. A planned burn of 303.3 million ROUTE tokens remains pending, CryptoSlate reported.
