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US Treasury Cracks Down Drug Lord’s Crypto Money-Laundering Ring Linked To Sinaloa Cartel

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The US Treasury announced on Wednesday a fresh round of sanctions targeting the Sinaloa Cartel, citing growing evidence that elements of the organization are using crypto to support fentanyl trafficking and launder drug proceeds.  Crypto To Move Fentanyl Proceeds Treasury noted that the Sinaloa Cartel is among the oldest and most powerful drug trafficking groups […]
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Washington Targets Iran’s $7 Billion Crypto Network To Cut Off Financial Channels—FOX

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US authorities are reportedly stepping up efforts to disrupt Iran’s cryptocurrency activity, as Washington works to choke off financial channels linked to the regime amid escalating tensions in the Middle East.  ‘Breadcrumbs’ In Crypto A FOX Business report released Wednesday points to new figures from a threat-detection data firm estimating that Tehran controls roughly $7.7 […]
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XRP Ledger Announces Quantum-Era Partnership: Project Eleven Teams With Ripple

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Project Eleven, a company focused on post-quantum cryptography, said Tuesday that it has partnered with Ripple to support post-quantum readiness on the XRP Ledger (XRPL) blockchain.  The announcement arrives amid intensifying concern across the crypto sector over the security of the cryptographic systems used by major networks like Bitcoin (BTC), as advances in quantum computing […]
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HYPE Jumps On Bitwise’s Hyperliquid ETF Move—Galaxy Secures BitLicense In NY

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The entire crypto market opened the week on a turbulent note, with Bitcoin (BTC) giving back about 6% over the past seven days. Even with the broader market’s pullback, Hyperliquid’s native token, HYPE, stood out from the competition.  HYPE Jumps On Bitwise’s 10% Fee-To-Token Plan One of the key drivers behind the altcoin’s Monday strength […]
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Hyperliquid (HYPE) Surges 14% As Coinbase And Circle Expand USDC Integration

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Crypto exchange Coinbase (COIN) made a major move for the Hyperliquid (HYPE) ecosystem on Thursday, outlining how it plans to deepen support for Circle’s USDC stablecoin on the platform.  In a blog post, Coinbase said it is expanding its role by becoming the official treasury deployer of USDC on Hyperliquid, treating USDC as an Aligned […]
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Ledger And Consensys Delay US IPO Dreams As Crypto Conditions Turn Unfriendly

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After a year that saw major crypto-related listings reach US public exchanges—including Circle (CRCL) and others such as Bullish (BLH)—hardware wallet maker Ledger and Ethereum-focused software company Consensys announced they are delaying their respective plans for a US initial public offering (IPO).  Ledger Reassesses NYSE IPO Bid For Ledger, the decision reflects a broader reassessment […]
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FOP Targets Key CLARITY Act Provision, Warning It Could Weaken Crypto Enforcement

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The National Fraternal Order of Police (FOP), the largest law enforcement organization in the United States, has weighed in on the CLARITY Act, sending a letter to lawmakers that argues against a specific part of the bill.  In the correspondence—signed by FOP President Patrick Yoes—the group says it strongly opposes Section 604, a provision that, […]
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CLARITY Act Heads To Key Markup—Latest Details And What To Know Before May 14

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The long-awaited CLARITY Act is nearing a major turning point in Washington, with the Senate Banking Committee scheduled to hold its long-delayed markup on Thursday, May 14.  The bill’s path has already included significant setbacks. After major disputes emerged earlier in the year—when the committee first postponed action—the markup was pushed back following extended battles […]
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XRP ETF Holdings Unveiled By $5 Trillion Asset Manager UBS: A Tale Spanning Nine Years

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UBS, the financial giant that manages more than $5 trillion in assets, disclosed this week that it holds positions tied to XRP through XRP ETF vehicles and trust structures.  The filing with the US Securities and Exchange Commission (SEC) shows that UBS’s involvement with XRP did not begin this quarter, and—according to one expert—should be […]
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Binance Under Pressure: US Treasury Issues Ultimatum Over $1B Iran-Linked Flows

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Binance has been under heightened scrutiny in recent months over allegations that it helped facilitate illicit crypto activity tied to Iran. The latest development is that the US Treasury Department has delivered a private ultimatum to the exchange. Binance Under The Spotlight Again According to The Information, the US Treasury sent a letter to Binance […]