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Spanish law enforcement has dismantled a sprawling underground financial network that allegedly laundered more than €20 million through crypto transactions for organized crime groups based in China and the Arab world, local media reported on May 14.
The criminal ring, which police described as one of the largest clandestine crypto-banking operations uncovered in Europe, operated a shadow...
Futures have become the leading price discovery vehicles in the crypto markets, and Solana’s YTD tape clearly supports this. After spending most of 2024 unloading risk, taker flows on Solana’s perpetual futures flipped directions in the second half of January. On Jan. 18, the 90‑day cumulative volume delta (CVD) reached a low of −261.75.
Since then, buyers have added 445.5 to the CVD, pushing the...
JPMorgan has completed a groundbreaking pilot transaction that bridges traditional finance and blockchain in collaboration with Ondo Finance and Chainlink.
According to a May 14 statement, the banking giant’s blockchain unit, Kinexys, successfully executed a cross-chain atomic settlement using Ondo Finance’s tokenized short-term US Treasury product, OUSG.
This marks the first time Kinexys has...
Commodity Futures Trading Commission (CFTC) Commissioner Summer Mersinger will depart the agency on May 30 to become the Blockchain Association’s new CEO, effective June 2, according to a May 14 announcement.
The announcement states that Mersinger’s appointment comes at a critical legislative moment for digital assets in Washington, where the Blockchain Association is pushing for congressional...
The Pi Foundation has launched Pi Network Ventures, a $100 million fund to support startups integrating the Pi token into practical, real-world use cases.
The initiative, announced on May 14, aims to boost adoption and drive long-term growth within the Pi ecosystem by targeting businesses beyond the traditional Web3 space.
The Foundation stated that the venture would make “the majority of its...
Coinbase CEO Brian Armstrong extended a public invitation to employees of the US Department of Government Efficiency (DOGE), encouraging them to apply for roles at the crypto exchange after they leave their current roles.
Armstrong announced the move in a social media post on May 14, where he described the opportunity as a new mission for public servants seeking to continue improving systems at...
XRP’s DEX liquidity expanded rapidly after an aggressive dip at the beginning of the month, surpassing $21 billion by May 9 and holding strong throughout May 14. This increased the market depth just as XRP’s price on DEXs began a steady climb, rising from around $2.15 on May 7 to $2.51 by May 13.
During this period, the DEX buy/sell ratio experienced significant volatility. It spiked to 17.5 on...
France’s Interior Ministry is reportedly set to meet with key players in the country’s crypto industry on May 16 to tackle a rising wave of kidnappings targeting digital asset entrepreneurs, Le Monde reported on May 14.
According to the report, Interior Minister Bruno Retailleau said the planned gathering will focus on improving security awareness and response strategies across the sector. He...