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Reuters uncovers a $4B Iranian crypto pipeline run through a Dubai shell
A Reuters investigation has exposed Shelbit, an unlicensed Dubai crypto exchange that processed at least $4 billion for Iranian interests since May 2024, with links to the IRGC, Iran's central bank, and a 2,000-site illegal gambling network.
The Solana launchpad war seems over, and the scoreboard is brutal
Pump.fun generated $31.5M in protocol revenue over the past 30 days versus roughly $192K for the BONK ecosystem, a gap of about 165x, per DefiLlama. Here is what the numbers say about the state of the Solana memecoin launchpad race.
Alchemy Pay adds Michigan, its 19th US money transmitter license
Alchemy Pay has secured a Money Transmitter License in Michigan, extending its US regulatory footprint to 19 states as it builds compliant infrastructure for Alchemy Chain, its live stablecoin payment network.
Russia bans crypto mining in its own capital until 2033
Russia has banned crypto mining in Moscow, the Moscow region, and border districts of the Kursk region through the end of 2032, citing grid strain from 65 data centers drawing 734 MW. The move extends a growing map of regional mining restrictions introduced since Russia legalized the activity in 2024.
If the CLARITY Act dies, the regulators already have a plan B running
SEC Chair Paul Atkins says the agency is ready to write crypto market rules without Congress, as the CLARITY Act stalls ahead of the August recess and the SEC-CFTC Project Crypto initiative already delivers joint guidance classifying Bitcoin, Ether, Solana, and XRP as digital commodities.
Six Latin American currencies just went onchain with free ramps
Ripio has deployed its full wFIAT stablecoin suite on Celo, bringing tokenized versions of six Latin American currencies onchain with zero on/off-ramp costs, targeting remittances, B2B payments, and cross-border FX across the region.
South Korea's crypto tax is finally happening
South Korea's Deputy PM Koo Yun-cheol has confirmed a 22% crypto gains tax will take effect on January 1, 2027, after three consecutive delays since 2022. Here is what investors and exchanges need to know.
Lummis accuses Democrats of tanking the CLARITY Act to protect midterm messaging
Senator Cynthia Lummis says Democrats are blocking the CLARITY Act crypto market-structure bill for political reasons, as the Senate heads into August recess and the bill risks sliding to 2027.
What you're actually holding when you buy a Binance bStock
Binance bStocks are ADGM-regulated certificates issued by BTech Holdings, not shares. Here is how the legal structure, token mechanics, and DeFi utility actually work on BNB Chain.
SBI says its Ripple stake alone is worth $41B as XRP waits on the CLARITY Act
Japanese financial giant SBI Holdings values its Ripple stake at 6.6 trillion yen, roughly $41 billion, as a company director links sluggish XRP prices to the stalled US CLARITY Act. SBI posted record quarterly earnings while pressing ahead with its Bitbank acquisition.
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