Crypto Fraud Trial Bail Revoked Namibia
Six Chinese nationals fled Namibia amid human trafficking and crypto fraud charges, prompting Interpol involvement. Raylon Investments scam victims lost $267,800. #Breaking #Legal
Cryptocurrency
Kraken Launches Crypto Trading in UAE
Kraken secures preliminary approval from Dubai’s VARA to expand crypto services, including staking and derivatives, in UAE, enhancing its Middle East presence. #Update #Crypto
Crypto Revenue Boost as Minnesota Empowers Local Banks
Minnesota’s new law allows state banks and credit unions to offer cryptocurrency custody services, addressing deposit flight to crypto exchanges and enhancing local financial competitiveness. #Update #Crypto $BTC
Crypto Ownership Soars 90% Plan More
67 million Americans own crypto, with 90% planning to buy more next year. The Clarity Act advances, aiming for clearer digital asset rules. #Update #Crypto
US Sanctions Sinaloa Cartel Crypto Network
The U.S. Treasury’s OFAC sanctioned six individuals and two companies for laundering Sinaloa Cartel drug profits via cryptocurrency, blocking all related U.S. assets. #Breaking #Legal
ETFs Propel HYPE Near Record Highs
Market analyst Aletheia reports Hyperliquid ETFs by 21Shares and Bitwise outperformed $BTC and $ETH in early inflows, nearing all-time highs at $51.88, up 33% this week. #Update #Crypto $HYPE
Bitcoin Exchanges Approved Rwanda Licenses
Rwanda’s Parliament grants the Capital Markets Authority power to license and regulate virtual asset providers, with scrutiny on $BTC and other cryptos. #Update #Legal
Crypto Probe Uncovers 670 Suspects in Turkey
Turkish authorities detained 233 suspects in illegal betting probes, alleging $395M in transactions; cryptocurrency platforms named as laundering channels. #Breaking #Legal
Bitcoin Custody Bill Approved by Minnesota
Minnesota Gov. Tim Walz signed HF 3709, allowing state-chartered banks to offer crypto custody from Aug. 1, 2026. St. Cloud Financial Credit Union reports strong local demand. #Update #Legal
China Launches Anti-Pig Butchering Operation
In Dubai, a U.S., UAE, and China coalition dismantled nine pig butchering scam centers, arresting 276 suspects. These scams cost $75B globally since 2020. #Breaking #Legal
Ethereum Acquisition: BitMine Invests $197M
@BitMine Immersion Technologies, chaired by Tom Lee, quietly acquired 89,026 $ETH worth $197.64M using four new wallets amid price weakness. #Breaking #Crypto $ETH
Bitcoin Trusts Launched by SBI Rakuten
SBI Securities and Rakuten Securities plan to offer crypto investment trusts, targeting retail accounts with bitcoin and ethereum exposure as Japan’s FSA eyes 2028 regulatory changes. #Update #Crypto $BTC
Bitcoin LTH Supply Surges 316K BTC
Bitcoin’s long-term holder supply has increased by 316,000 BTC to 15.26 million BTC, a level last seen in August 2025, indicating investor patience. #Update #Crypto $BTC
Coinbase Targets Venezuela Grupo Salinas Adopts Stablecoins
html
Fred Ersham of @Coinbase explores investments in Venezuela’s economy, while Mexico’s Grupo Salinas partners with Anchorage Digital for stablecoin payments. Brazil fines Banco Topazio $3.2M for illicit flows. #Update #Crypto