FinCEN identified $312B suspicious flows tied to Chinese networks in U.S. banks, overshadowing the far smaller illicit footprint of cryptocurrencies worldwide. Summary FinCEN review revealed $312B laundered through U.S. banks by Chinese networks between 2020 and 2024. Methods included shell firms, real estate, trade misinvoicing, money mules, and bank insiders. [...]
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Trump’s GENIUS Act is in the hot seat of global crypto news, and everyone’s got an opinion on what it might mean for U.S. DeFi. For me, [...]
The Ethereum Foundation is pausing all open grants applications as the entity’s Ecosystem Support Program transitions to a new growth chapter. Summary Ethereum Foundation has paused open grants in its support program as it eyes transition to a new model. The Ecosystem Support Program awarded over $13 million to 105 [...]
This past week saw nearly $235 million in crypto VC funding with several notable funding rounds, led by Rain, which raised $58 million in Series B funding for its stablecoin interoperability platform. Other key investments include M^0, securing $40 million for its decentralized middleware protocol, and OrangeX, which raised $20 [...]
Kanye West’s YZY memecoin has shed 81% of its value from its peak, leaving tens of thousands of retail investors underwater while a handful of wallets captured outsized gains. Summary YZY has plunged 81% from its peak, now trading at $0.55 with a $71.6M market cap. Bubblemaps data shows over [...]
Polygon price flipped a crucial resistance level as non-fungible token sales, stablecoin supply, and active addresses in the network jumped. Summary Polygon price rose as third-party data showed its ecosystem was growing. NFT sales and buyers in its network jumped by double digits in the last 7 days. The stablecoin [...]
Bitmine Immersion has added 78,791 ETH to its treasury, bringing the total holdings to nearly 1.8 million ETH. Summary Bitmine Immersion spent $354.6 million to acquire 78,791 ETH, raising total holdings to 1,792,960 ETH, valued over $8 billion. The company aims to hold 5% of Ethereum’s total supply. Tom Lee [...]
Solana has been one of the top-performing major cryptocurrencies this week, defying the border market cooldown. A mix of institutional interest, ETF anticipation, and key adoption milestones has pushed SOL’s price higher. Summary Solana has been one of the top-performing major cryptocurrencies this week, with its price climbing roughly 14%. [...]
After plummeting from a $20 billion market cap to just $2.7 billion following its February mainnet launch, Pi Coin’s price could surge to $1 in September, driven by several key catalysts—including a crucial network upgrade and growing institutional interest. Summary Pi Network price could surge to $1 in September, helped [...]
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. ETH holds $4,275, but LILPEPE and Ethena could outpace it with massive gains and fresh Ethereum-powered use cases. Summary Ethereum nears $4,275, but LILPEPE and Ethena could deliver far [...]
