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The U.S. Secret Service froze $52.8 million in crypto linked to Xinbi, a Telegram marketplace associated with global scams. Elliptic traced the funds, while Treasury sanctioned the platform, which reportedly processed $24 billion.
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.
Ethereum’s institutional staking activity is growing, but Lido captured just 5.7% of first-half staking growth. CryptoSlate also pointed to NEST’s negative budget as evidence that deposits alone cannot fund purchases.
The LAPTOP memecoin is built around the Hunter Biden laptop controversy. Project disclosures say it has no utility, lock founder tokens for six months and reserve 2% of the supply for wallets that lost money on TRUMP.
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.
VerifiedX launched a $15 million financing round for institutional Bitcoin infrastructure. Cantor Fitzgerald is advising on the transaction, with proceeds intended for BitGo custody, exchange listings and Bitcoin lending programs.
Coin Center’s Laz Pieper says privacy-preserving identity verification could let users satisfy KYC requirements without surrendering underlying personal data, reducing the value of centralized information stores to hackers.
Banca d’Italia has ordered crypto service providers to implement internal controls for screening transfers linked to sanctioned entities, Cointelegraph reported. The supplied report gives no details on deadlines, penalties, or affected assets.
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.
OpenAI says 10,000 AI agents helped produce a proposed solution to one of the seven Millennium Prize Problems. Mathematicians are now debating how independently the internal model generated the work and whether it can be verified.
Malone Lam, a 22-year-old Miami resident from Singapore, pleaded guilty to leading a ring accused of stealing 4,100 bitcoin worth $245 million through online scams and home invasions, CoinDesk reported.
XRP ETFs took in nearly $2 million on Tuesday, while bitcoin, ether, solana and hyperliquid funds saw outflows. Grayscale products accounted for all bitcoin and ether outflows, CoinDesk reported.
Strive issued nearly one million preferred shares to buy Bitcoin, adding $12 million to its dividend obligations. At a 13% rate, SATA payouts imply annual costs of about $130 million, with static cash coverage near 19 months.
Hunter Biden defended the LAPTOP token ahead of its Wednesday launch, saying it represents “resilience, redemption and recovery” and will distribute coins to nearly one million wallets that lost money on TRUMP.
