Crypto News
U.S. Government Begins to Sever Cambodia’s Huione Group from Financial System
The U.S. Treasury Department proposed cutting off the Cambodia-based Huione Group from the U.S. financial system, citing the cyber-crime help the illicit marketplace gives to North Korean hackers and other criminal groups.The Telegram-based operation has been a "critical node for laundering proceeds of cyber heists" and aiding in so-called "pig butchering" scams that typically use fraudulent romantic ties to tap people for crypto assets, according to the Treasury's Financial Crimes Enforcement Network (FinCEN) that proposed severing it from the financial system on Thursday.Huione, which offers personal data and money laundering services, has been said to handle as much as $24 billion of such transactions, according to analytical firm Elliptic. The Cambodian marketplace also launched its own stablecoin earlier this year.“Huione...
Canary Capital Seeks SEC Approval for First Sei ETF With Staking
Canary Capital filed an S-1 with the SEC on Thursday, seeking approval for an ETF that would give investors SEI exposure.Source link
Strategy Unveils $21B Stock Offering to Amplify Bitcoin Holdings Amid Q1 Loss
Strategy, the corporate bitcoin treasury firm formerly known as Microstrategy, revealed plans for a $21 billion at-the-market (ATM) common stock offering to acquire additional bitcoin ( BTC), even as it reported a first-quarter net loss of $4.2 billion, or $16.49 per diluted share. Strategy Wants More Bitcoin The company’s net loss included a $5.9 billionSource link
Crypto Influencers Lured by $350K Airdrop to Launch Solana Meme Coins
Some of crypto’s top influencers can score a potentially hefty Solana token airdrop—if they're willing to launch their own token.Source link
Strategy Plans to Raise Another $21 Billion to Buy Bitcoin Following Q1 Loss
The largest corporate Bitcoin owner is doubling down, with Strategy aiming to raise another $21 billion to buy BTC despite Q1 losses.Source link