According to the Chinese government, 1,391 individuals have been prosecuted on money laundering-related charges in the first half of 2024. Source link
SEC crypto ‘overreach’ cost small investors $15B: John Deaton
According to a popular pro-crypto attorney and Senate candidate, the SEC’s overreach into the crypto industry has cost retail investors over $15 billion in losses. Source link
Hong Kong should try to speed up crypto regulation: First Digital CEO
First Digital Trust, which provides crypto custody services for institutions, says that Hong Kong is not yet ready to regulate USD-backed stablecoins. Source link
USDC issuer Circle announces HQ move to New York ahead of IPO
2025 could bring stablecoins into the mainstream, after 2024 introduced a “turning point year in crypto,” according to Circle’s Allaire. Source link
SEC softens stance around SAB-121: Galaxy Research
In May, United States congressional lawmakers voted to repeal Staff Accounting Bulletin-121 in a 228-182 bipartisan vote. Source link
Trump’s crypto platform launch, Uniswap denies charging for protocol deployment: Finance Redefined
Trump is launching the World Liberty Financial DeFi platform, Uniswap’s CEO denies charging for protocol deployment, and the Sonic blockchain hits 720ms finality. Source link
Worldcoin’s World ID gets bridge to Solana via Wormhole
Wormhole was one of 17 projects to receive a Worldcoin Wave 1 Community Grant. Source link
SEC expands Binance lawsuit: AXS, FIL, ATOM now securities
The SEC’s latest lawsuit update targets additional tokens like Axie Infinity, Filecoin, and Cosmos as unregistered securities, continuing its crackdown on the crypto industry. Source link
TON-based restaking protocol secures $100M institutional TVL commitment
Interest in restaking and liquid staking protocols is surging across notable blockchain networks, including Ethereum and Solana. Source link
Solana liquid staking could 5X to $18B on retail investor adoption
Solana-based liquid staking could attract more retail investors due to increased liquidity and capital efficiency compared to regular staking. Source link