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China Jails Tech Exec for $19.5M Crypto Laundering, Recovers $11M

Chinese authorities sentenced a former tech executive to 14.5 years in prison for embezzling $19.5 million and laundering it through cryptocurrency. Over 90 Bitcoin, valued...

Nvidia H20 Orders Soar as US Lifts Chip Export Ban to China

NVIDIA placed orders for 300,000 H20 AI chips for the Chinese market after the U.S. relaxed export restrictions.The change follows a reversal of earlier...

Samourai Wallet Co-Founders to Plead Guilty in Mixing Case

Samourai Wallet co-founders Keonne Rodriguez and William Lonergan Hill intend to plead guilty to federal charges related to operating a crypto mixing service.The plea...

MARA Soars After Record Q2 Revenue, Becomes No. 2 Bitcoin Holder

MARA Holdings reported record revenue of $238.5 million for its second quarter.Company posted a 64% increase in revenue from the same period last year.The...

Microsoft Nears New OpenAI Deal, Eyes Access to Latest AI Models

Microsoft and OpenAI are close to securing a new partnership deal.The agreement would allow Microsoft to access OpenAI’s latest technology and research.Negotiations have included...

ECB Adviser: Support Euro Stablecoins to Counter Dollar Threat

European Central Bank adviser suggests increasing support for regulated euro stablecoins.The digital euro is positioned as a way to strengthen Europe’s monetary independence.More use...

BIS Warns Stablecoin Runs Could Trigger US Treasuries Fire Sales

A bank run on a major stablecoin issuer could trigger rapid sell-offs in short-term U.S. Treasuries, according to new research. Researchers found stablecoin issuers already...

Bakkt Sells Loyalty Unit to Focus on Crypto Platform, Raises Capital

Bakkt is selling its loyalty rewards division to Project Labrador Holdco as part of its shift toward core crypto services. The loyalty business generated about...

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Analyst: Ethereum Could Repeat Amazon’s 2001 Surge

Standard Chartered analyst Geoffrey Kendrick argues Ethereum's strong internal fundamentals will eventually propel its price, drawing a parallel to...

Sui Blockchain Stalls Again in 3rd Outage

The Sui Blockchain is currently down, with transactions paused for nearly three hours as of this report.This marks the...

Argentina Seeks to Ban Crypto, Banks From Illicit Betting

Argentina's government has presented a bill to Congress that would prohibit financial entities, payment services, and cryptocurrency providers from...

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