China delivered a two-part signal to the crypto market this week: Tencent began testing Xiaowei, a native AI agent embedded in WeChat’s 1.4 billion-user platform, while the PBOC (People’s Bank of China) published a sweeping review of its anti-money-laundering enforcement. It reported more than 2,000 money-laundering convictions in 2025 alone and named virtual-currency laundering a
Binance co-founder Yi He warned users about an alleged impersonator referred to as “Zhu Pan” in Chinese-language posts on X. Summary Yi He warned users about alleged impersonation as CoinUp denied operational ties to Zhu Pan. CoinUp said Zhu Pan was only linked to a listed project, not platform management work. CPX volatility drew scrutiny
Former bitcoin miner Hut 8 (HUT) agreed to pay $2.35 million to settle a securities class action alleging it misled investors in connection with its 2023 merger with U.S. Bitcoin Corp. (USBTC). The lawsuit, filed in the U.S. District Court for the Southern District of New York, focused on Hut 8’s all-stock merger with USBTC,
A redemption that used to take days cleared in about five seconds. The names in the room matter more than the speed, and the question for XRP holders is where the token actually sits in the flow. Summary JPMorgan, Mastercard, Ondo, and Ripple tested tokenized Treasury redemption on the XRP Ledger. The settlement speed matters,
India’s Financial Intelligence Unit has asked at least three major crypto exchanges to share data on over-the-counter crypto transactions above $10,000, according to The Economic Times. Summary India’s FIU requested crypto OTC trade records above $10,000 from three major exchanges this month. FIU wants beneficial ownership data for private companies, intermediaries and entities behind OTC
Franklin Templeton has completed its acquisition of 250 Digital, the crypto investment firm spun out of CoinFund in January 2026, and used the closing to launch a new institutional business line called Franklin Crypto. The deal, first announced in April, marks one of the most concrete moves by a major legacy asset manager to build
The U.S. Senate passed the 21st Century ROAD to Housing Act in an 85-5 vote on June 22. Summary The Senate passed a housing bill carrying a temporary Fed CBDC ban through 2030 nationwide. The measure now heads to the House, where lawmakers may move quickly on approval soon. The ban follows Trump’s executive order
Bitmine owns 4.7% of the total ETH coin supply of 120.7 million Bitmine is 94% of the way to the ‘Alchemy of 5%’ in just 11 months Bitmine’s Series A Preferred Stock is trading on the NYSE under the symbol BMNP Bitmine has 4,718,677 staked ETH, representing $8.2 billion at $1,733 per ETH. MAVAN (Made
Bithumb, South Korea’s second-largest crypto exchange, will add Canton (CC) to its Korean won market on June 23. Summary Bithumb will open Canton’s KRW market, giving Korean traders direct access to CC on Tuesday. CC momentum remains weak, with MACD bearish and RSI below neutral despite modest daily gains. Canton’s protocol change lowers onboarding friction
Circle will bring native USDC, EURC, CCTP and Circle Mint to Cronos for crosschain payments, trading and ramps. Circle is preparing to bring native USDC, EURC, and CCTP to Cronos. The rollout will add dollar and euro stablecoin infrastructure to the network. Circle Mint will also support eligible users on Cronos. It will provide fiat
