Author: James Wilson
The European Commission has proposed sanctions on 20 non-EU entities, including crypto platforms, as part of a new package that could introduce the bloc’s first country-level ban on foreign crypto services linked to Russian sanctions evasion. Summary The European Commission has proposed sanctions on 20 non-EU entities, including crypto platforms accused of helping Russia bypass existing restrictions. New measures could introduce the EU’s first country-level ban on crypto services from jurisdictions hosting platforms linked to sanctions evasion. Chainalysis reported $93.3 billion in transaction volume tied to the ruble-backed stablecoin A7A5, a network cited in growing scrutiny of Russia-linked crypto activity.…
Kalshi has introduced mandatory employer disclosures for certain traders and expanded its market surveillance program after reporting more than 150 investigations, over 100 blocked insider-trading attempts, and 20 law-enforcement referrals during the first quarter of 2026. Summary Kalshi now requires employer disclosures for traders in higher-risk markets and has introduced a new risk scoring system for proposed contracts. The platform said it blocked more than 100 potential insider trades, conducted over 150 investigations, and made 20 law enforcement referrals in Q1 2026. New compliance measures arrive as prediction markets face growing scrutiny from regulators, lawmakers, and federal investigators. According to…
MUFG Bank, Sumitomo Mitsui Banking Corporation and Mizuho Bank plan to start live transactions with a jointly issued stablecoin during fiscal year 2026. Japan’s fiscal year ends in March 2027. Summary Japan’s three megabanks target live stablecoin transactions within fiscal 2026 under a shared banking framework. A new council will examine issuance infrastructure, governance, operating rules, systems and future bank participation. The FSA-backed pilot tested corporate cross-border payments through a trust structure using Progmat’s blockchain infrastructure. The banks signed a memorandum to create a voluntary council that will prepare the operating and governance framework. The project follows a regulatory pilot…
The U.S. government’s first insider trading prosecution involving a prediction market has advanced after a Manhattan court scheduled a Dec. 7 trial for Army soldier Gannon Van Dyke. Summary Manhattan federal court has scheduled a Dec. 7 trial for Army soldier Gannon Van Dyke in the first U.S. insider trading case involving a prediction market. Prosecutors allege Van Dyke used classified intelligence to turn a $33,000 Polymarket wager into more than $410,000 in profit. The case comes as Polymarket faces increasing scrutiny from U.S. lawmakers, regulators, and South Korean authorities. According to courtroom reporting from Inner City Press, U.S. District…
A House tax package for digital assets has drawn questions from lawmakers during an early committee hearing. The Ways and Means Committee reviewed bills meant to reduce crypto tax filing burdens. Summary House lawmakers reviewed crypto tax bills meant to reduce filing burdens for digital asset users, investors, and brokers. Democrats raised concerns that proposed mining and staking deferrals could create loopholes or new tax subsidies. The bills remain at the committee hearing stage and would need approval from both chambers before becoming law. Democrats raised concerns about proposed treatment for mining, staking, and small digital asset transactions. Lawmakers question…
Bitcoin’s recent selloff has yet to establish a durable market bottom as institutional demand remains absent and capital continues to leave spot Bitcoin ETFs, according to a new market note from Wintermute. Summary Wintermute says Bitcoin’s recent decline reflects a lack of institutional demand rather than isolated market events. Spot Bitcoin ETFs extended a 13-session outflow streak, shedding roughly $4.37 billion since mid-May. CryptoQuant data suggests capitulation may be approaching, with 50% of Bitcoin supply now sitting at a loss. According to data from crypto.news, Bitcoin (BTC) traded near $61,828 on Tuesday, down 3.18% over the past 24 hours and…
Bitcoin price extended its decline on Tuesday after U.S. President Donald Trump announced a military response against Iran, triggering a broader risk-off move across global markets and adding fresh pressure to an already fragile crypto sector. Summary Bitcoin price fell to an intraday low of $60,892 after Trump ordered a military response against Iran. More than $664 million in crypto positions were liquidated as traders reduced risk exposure. Glassnode says over 8 million BTC are now underwater while ETF outflows and extreme fear continue to weigh on sentiment. According to data from crypto.news, Bitcoin (BTC) price fell to an intraday…
A Newcastle, Washington, man has received five years in prison for helping move fraud proceeds through bank accounts and crypto exchanges. The U.S. Attorney’s Office said Geoffrey K. Auyeung pleaded guilty to conspiracy to commit money laundering. Summary Geoffrey K. Auyeung received five years in prison after pleading guilty to conspiracy to commit money laundering. Prosecutors said $97.1 million passed through bank accounts and crypto exchange accounts opened by Auyeung. Authorities said funds moved through Bitcoin, Tether, USD Coin, Ethereum, and Binance-linked accounts overseas. Prosecutors said nearly $100 million passed through accounts he opened and linked to cryptocurrency platforms. Auyeung…
FIFA has named Kraken the Official Crypto Exchange Supporter of the FIFA World Cup 2026. FIFA said the partnership will cover crypto awareness, fan engagement, and product experiences across North America and Europe. Summary FIFA named Kraken the Official Crypto Exchange Supporter of the FIFA World Cup 2026. Kraken will support crypto awareness, fan activations, and product experiences across North America and Europe. The 2026 World Cup will feature 48 teams, 104 matches, and 16 host cities across three countries. The tournament will feature 48 teams, 104 matches, and 16 host cities across three countries. Kraken partnership covers fan activations…
Wall Street has largely abandoned expectations for Federal Reserve rate cuts this year ahead of the first Federal Open Market Committee meeting led by Fed Chair Kevin Warsh on June 16-17. Summary Most Wall Street economists now expect the Fed to keep rates at 3.50%-3.75% through the end of 2026. Rising inflation expectations and Middle East tensions have strengthened the case for a prolonged higher-rate environment. Despite macro uncertainty, some institutional crypto investors are accumulating and preparing for regulatory clarity. According to a Reuters survey conducted between June 4 and June 9, 72 of 102 economists expect the benchmark federal…