Ukraine has transferred more than $8.3 million in seized USDT into state management for the first time, marking a legal and operational milestone in the country’s handling of confiscated digital assets. The Prosecutor General’s Office said more than 8.3 million USDT, equivalent to over UAH 372 million, was moved to a crypto wallet controlled by
Bybit has begun limiting access to parts of its global platform for users in the European Economic Area as the exchange aligns its European operations with the Markets in Crypto-Assets Regulation. The move marks the latest phase of Bybit’s shift away from serving European customers through its global exchange infrastructure and toward Bybit EU, the
Binance says its annual compliance spending has reached approximately $300 million, while its internal systems intercepted $10.53 billion in potential fraud between 2025 and the first quarter of 2026. The figures highlight how the world’s largest crypto exchange is trying to reposition itself as a compliance-heavy financial infrastructure provider after years of regulatory scrutiny. Binance
U.S. spot crypto exchange-traded funds recorded approximately $255.4 million in combined net outflows on Monday, June 29, as Bitcoin and Ether funds remained under redemption pressure while Solana ETFs continued to show selective demand. Spot Bitcoin ETFs lost $231.0 million on the day, extending a multi-session outflow streak that has weighed on broader crypto sentiment.
BitGo has expanded its institutional custody platform to support YLDS, the SEC-registered yield-bearing digital security issued by Figure Certificate Company, giving institutional investors access to regulated custody for one of the first blockchain-native fixed-income products registered with the U.S. Securities and Exchange Commission. The digital asset infrastructure provider said YLDS can now be held through
What Was Carl Erik Rinsch Sentenced For? Hollywood director Carl Erik Rinsch was sentenced to 30 months in prison after being convicted of stealing $11 million from a streaming company that had funded his unfinished science-fiction series. Rinsch, best known for directing “47 Ronin,” told the company he needed the additional money to complete production
Why Did Empery Sell Part of Its Bitcoin Treasury? Empery Digital sold 1,400 bitcoins for about $87.1 million over the past 2 months, using part of the proceeds to shift capital toward AI infrastructure, debt repayment, and legal expenses. The Nasdaq-listed company said it sold the bitcoins at an average price of $62,200 since May
Why Is Hyundai Testing Stablecoins for Internal Payments? Hyundai has moved a stablecoin-based internal remittance system into production readiness on the Avalanche blockchain, marking one of the clearest enterprise uses of stablecoins for cross-border treasury management by a major industrial company. The system is designed for internal transfers between Hyundai entities rather than customer payments
Coinbase CEO Brian Armstrong has responded to criticism over betting-style promotions inside the Coinbase app, defending adult users’ right to make their own financial decisions while acknowledging that high-risk products should not be aggressively promoted to inexperienced or vulnerable customers. The exchange came under scrutiny after Zcash founder Zooko Wilcox criticized Coinbase for allegedly pushing
Binance founder Changpeng “CZ” Zhao has overtaken Microsoft co-founder Bill Gates in Forbes’ billionaire ranking, underscoring how crypto exchange ownership has created one of the world’s largest private fortunes despite regulatory setbacks and market volatility. Forbes estimated Zhao’s net worth at about $110 billion in its 2026 billionaires list, up roughly $47 billion from the