Author: John Smith

Crypto laundering network Huione continues to operate at scale, with its transaction volumes increasing even after FinCEN had designated it a primary money laundering concern. Despite reports of its shutdown and removal of its website and Telegram channels, the Chinese-language crypto laundering platform Huione continues to operate at scale. According to Chaianalysis data, Huione’s transaction volumes have increased even after the May 1 announcement by FinCEN designating it as a primary money laundering concern under the USA PATRIOT Act. Source: Chainalysis This marks FinCEN’s second use of Sections 311 and 9714 against crypto-related illicit finance, after targeting the Bitzlato exchange.…

Crypto prices crashed Thursday evening as investors embraced a risk-off sentiment following Israel’s attack on Iran’s nuclear sites, which could trigger a wider conflict in the region. Bitcoin (BTC) plunged below $105,000, while the market capitalization of all cryptocurrencies tracked by CoinMarketCap fell to $3.26 trillion. The 24-hour liquidations jumped by 252% to over $1.15 billion, with 247,950 traders being liquidated. Most altcoins performed worse than Bitcoin. SPX6900 (SPX) token plunged by 20%, while Fartcoin (FARTCOIN), Celestia (TIA), and Bonk (BONK) fell by over 15%. The stock market also declined, with futures tied to the Dow Jones, S&P 500, and…

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. As Bitcoin edges toward $110k, a new contender, XYZVerse, is drawing attention for its blend of sports fandom and memecoin momentum. As Bitcoin aims for a staggering $110,000, investors are watching closely. Yet, there’s a new meme-inspired token on the horizon that might offer even greater returns. XYZVerse is generating buzz for its immense potential. Could this be the next big thing in cryptocurrency? The following article explores the prospects of XYZVerse and why it might outshine even Bitcoin’s…

Is $170,000 still a valid projection when Bitcoin derivatives show concentrated open interest at $140,000, or is the market setting itself up for another correction? Softer CPI data fuels BTC recovery attempt Bitcoin (BTC) climbed to $110,400 on Jun. 11 after fresh U.S. inflation data showed prices rising at a slower pace than expected. The report raised hopes that the Federal Reserve may have more room to lower interest rates in the coming months, a potential tailwind for risk assets including BTC. As of Jun. 12, Bitcoin is trading near $107,000. That’s about 4.5% below its all-time high of $111,970 reached…

U.S. retail powerhouses Walmart and Amazon are reportedly weighing the launch of their own dollar-pegged stablecoins. Per a June 13 WSJ report, the companies are said to be exploring how stablecoin launch and integration could help streamline payment systems, significantly cut processing fees, and reduce reliance on the traditional banking infrastructure. By issuing their own tokens, both firms could shift massive volumes of daily transactions onto the blockchain, offering more efficient payment flows. Citing sources familiar with the matter, the report also noted that other major players, including Expedia Group Inc. and airlines in the United States, are considering similar…

TRON has kicked off the minting of World Liberty Financial’s USD1 stablecoin on its blockchain, coinciding with a major governance update. TRON (TRX) DAO has just announced the first minting of World Liberty Financial’s USD1 stablecoin on its blockchain. The move follows an announcement made on the Token2049 stage on May 1, where TRON founder Justin Sun revealed the network’s collaboration with the Trump-backed crypto to integrate USD1 into the TRON ecosystem. The minting began early on June 11, marked by an X post from TRON founder Justin Sun, who called it a “giant leap for stablecoins.” Backed by short-term…

The years-long legal drama involving basketball star Shaquille O’Neal and his ties to the now-bankrupt crypto exchange FTX is finally coming to an end. According to a recent CNBC report, Shaquille O’Neal has agreed to pay $1.8 million to settle the class action lawsuit that accused him of misleading investors by promoting FTX. The lawsuit, originally filed in November, stemmed from his involvement in the “FTX: I Am All In” campaign, where he was dubbed “Shaqtoshi.” He was formally served in 2023 outside his Atlanta residence, after several attempts to reach him. UPDATE: Plaintiffs in the billion $ FTX class…

Sonic’s price is likely to continue sliding in the coming weeks, as bearish technical indicators persist and momentum across its ecosystem slows down. Sonic (S) price fell 15% to an intraday low of $0.314 on June 13, down by over 68% from its highest point this year. This crash has brought its market capitalization close to losing the $1 billion mark, and down from $3.15 billion in January. Rising geopolitical tensions triggered a flight from risk assets on June 13. After Iran launched a military attack on Israel, with retaliatory threats building, the global crypto market lost over 7% in…

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Last December, decentralized exchanges reached a remarkable milestone, surpassing $462 billion in monthly trading volume. Although the volume has fluctuated during different market cycles over the past quarter, trading activity on DEXs continues to surge at a remarkable pace.  It’s no longer just advanced traders on these platforms. Even beginner users on these platforms are now actively seeking new assets and early trading opportunities—not just advanced traders. This trend reflects a deeper structural shift happening in the…

Coinbase is set to launch the Coinbase One Card this fall, offering up to 4% back in Bitcoin on every purchase. Developed in partnership with American Express, the Coinbase One Card is designed to reward users in Bitcoin (BTC), starting at 2% and increasing based on the amount of assets held on the platform. The card will available exclusively to Coinbase One members in the United States (excl. U.S. Territories). In addition to earning Bitcoin on everyday spending, Coinbase One members will benefit from features such as fiat spending, integrated crypto access, and a mobile app that supports both Android…