News
Saitama CEO could be extradited to US over $7.5B token case
Saitama chief executive Manpreet Kohli has lost his UK court challenge against extradition to the United States, where prosecutors have charged him with wire fraud and…
United States
Banking
39 US state banking groups form BankChain Alliance for 2027 blockchain launch
Thirty-nine U.S. state bankers associations have formed BankChain Alliance to develop a bank-owned blockchain network for tokenized deposits, stablecoins, smart payments and automated settlement, with a…
Cryptocurrency
Crypto retirement plans face opposition from 53% of Americans
A new national survey has found that 53% of Americans oppose employers offering cryptocurrency in workplace retirement plans, while 77% consider such investments risky. The National…
bank
Tokenized deposits could raise borrowing costs, Fed economists warn
Dallas Fed economists estimate tokenized deposits could reduce banks’ duration capacity by $700 billion if depositors become more rate sensitive.
Binance
Binance launches 5 stock perpetuals with 20x leverage
Binance launched five USDT-settled TradFi perpetuals tied to DJT, Moderna and leveraged semiconductor ETFs with up to 20x leverage.
Cryptocurrency
U.S. expands Iran crypto sanctions over $100M oil payments
OFAC expanded sanctions to Iran’s crypto sector after alleging over $100 million supported IRGC-linked oil sales since 2023.
CFTC
CFTC clashes with U.S. soldier over $400K Polymarket bet
The CFTC entered a criminal Polymarket case to defend its view that event contracts are swaps covered by commodities law.
News
Stablecoin ID rules should exclude P2P transfers: Blockchain Association
Blockchain Association backed federal stablecoin identity checks but urged agencies to exclude peer-to-peer secondary-market transfers.
Iran
US Treasury targets Iran’s crypto sector in sanctions push
The U.S. Treasury Department has launched Operation Economic Outcast to target Iran’s international financial links, including cryptocurrency activity that American officials say supports sanctions evasion and…
Bitcoin
Bitcoin price at $77K: What could trigger the next move?
Bitcoin holds near $77,000 as traders await July PCE inflation, revised U.S. GDP and Kevin Warsh’s first Jackson Hole keynote.