US Sanctions Sinaloa Cartel Crypto Laundering, Venezuela Shuts Down Mining Farm
Key Takeaways OFAC sanctioned 6 people laundering Sinaloa Cartel crypto, next aiming to disrupt US illicit fentanyl flows. Venezuela dismantled 1 massive 4,000 ASIC crypto
Polymarket Access Blocked on a Local Telco in the Philippines
Decentralized prediction market Polymarket has become inaccessible to users in the Philippines utilizing the Globe Telecom network. Visitors attempting to access the platform via Globe
Crypto-Backed Super PACs in Focus as Lawmakers Push $5,000 Donation Cap
Key Takeaways House and Senate lawmakers proposed a $5,000 limit on super PAC donations. Crypto-linked super PACs gained influence during stablecoin and market structure policy
Sui to Make All Stablecoin Transactions Private by Default in Massive Update
Key Takeaways Sui announced stablecoin transactions will soon be private by default, solving a key institutional hurdle. Eliminating a major market friction point, Sui enabled
Brent Crude Tumbles Below $99 as Trump Signals US-Iran Deal, Bitcoin Holds Near $77K
Key Takeaways Brent crude fell below $99 on May 24 as Trump declared a U.S.-Iran deal “largely negotiated,” targeting the reopening of the Strait of
Silicon Valley Law Firm Fenwick & West Settles FTX Fraud Claims for $54 Million
Key Takeaways Fenwick & West agreed to pay $54 million to settle FTX customer claims, pending approval by Judge K. Michael Moore. The deal brings
Big Short’s Michael Burry Warns SEC Tokenized Stock Plan Risks ‘Snow Crash’ Future – Bitcoin News
Key Takeaways Michael Burry cited Neal Stephenson’s 1992 novel Snow Crash in a May 19 Substack warning about SEC tokenized stock plans. The SEC under
Strategy Pauses Bitcoin Buying as Saylor’s ‘BitVac’ Comment Puts Next BTC Buy on Watch
Key Takeaways Strategy highlighted bond-related activity instead of bitcoin buying after holdings climbed to 843,738 BTC. Preferred stock, debt obligations, and liquidity reserves remain central
Gold Slides 0.7% as DXY Holds Near 99.32 and 10-Year Yields Push Toward 4.6%
Key Takeaways Gold fell roughly $30 to $35 per ounce during May 17-24, pressured by a DXY near 99.32 and rising Treasury yields. FOMC minutes
MiCA Compliant Euro Stablecoin Depegs to $0.85 After 1-of-3 Multisig Exploit Drains Millions
Key Takeaways StablR’s EURR dropped to $0.85, and USDR fell between $0.40 to $0.64 on May 24 after attackers minted unbacked tokens. A 1-of-3 multisig