The founders of Bitcoin mixing platform Samourai Wallet could face up to five years in prison after pleading guilty to operating an unlicensed money transmitter. The plea agreement, entered Wednesday, spares the pair from a more serious money laundering charge that carried a potential 20-year sentence. Court documents show that William Lonergan Hill and Keonne…
The price of PENGU, the native token of the Pudgy Penguins ecosystem, fell 15% today following another major transfer to a centralized exchange from a wallet tied to the project’s insiders. On-chain data shows that the address 8hQvQ…zund8, widely believed to be controlled by members of the Pudgy Penguins team, deposited 150 million PENGU tokens…
A new White House report released by the President’s Working Group on Digital Asset Markets outlines the Trump administration’s vision for transforming the U.S. into a global leader in cryptocurrency and blockchain innovation. Today the White House is releasing its comprehensive report on digital assets, providing long-awaited regulatory clarity for innovators in a cutting-edge industry….
Key Takeaways: International competition from Singapore and the U.S. could pressure Hong Kong to accelerate its regulatory adaptation. Hong Kong’s digital asset expansion may depend on integrating cross‑border trade finance and infrastructure projects into tokenization frameworks. Global standard‑setting bodies like FATF and IMF will influence how Hong Kong positions its stablecoin and tokenization initiatives. Hong…
Bitcoin’s price movements in late July 2025 have revived debate over whether the crypto bull market is slowing or simply pausing. Trading near $118,000 on July 30, Bitcoin remains close to its all‑time high of around $123,000, but has shown reduced momentum in recent sessions. Meanwhile, Ethereum is holding near $3,800 after a July surge…
Roman Storm will not testify in his own defense during his landmark money laundering trial, lawyers for the Tornado Cash developer say. Roman Storm Declines to Testify in Federal Court According to a July 29 report from Inner City Press, Storm and his lawyer told U.S. District Court Judge Katherine Polk Failla that the crypto-mixer…
The U.S. Department of Justice (DOJ) will allegedly not bring charges against Dragonfly amid Tornado Cash founder Roman Storm’s federal trial this month in Manhattan, the crypto investment firm’s managing partner, Haseeb Qureshi, said this week. DOJ Walks Back Dragonfly Indictment as Roman Storm Trial Nears Conclusion According to a July 28 report from the…
Ethereum marks a historic milestone this week: its 10-year anniversary. Since its genesis block in July 2015, Ethereum has evolved from a novel smart contract platform into the backbone of decentralized finance, NFTs, DAOs, and a new generation of internet infrastructure. Over the past decade, it has redefined how value moves online—enabling permissionless innovation, open…
A cryptocurrency task force established by President Donald Trump is expected to release its long-awaited report on Wednesday, detailing the administration’s digital asset policy objectives. According to Reuters, this will be the group’s first public update and will reflect months of behind-the-scenes coordination to craft the White House’s stance on tokenization, crypto markets, and blockchain-based…
Michael Saylor’s Bitcoin powerhouse, Strategy (formerly MicroStrategy), has officially closed the largest U.S. IPO of 2025, raising $2.521 billion through the public sale of its newly launched Stretch Preferred Stock (STRC) to acquire 21,021 Bitcoin (BTC) at an average price of $117,256 per coin. Strategy has acquired 21,021 BTC for ~$2.46 billion at ~$117,256 per…