Crypto News
Crypto, Cash, and Condos: Singapore Ends $2.2B Laundering Case With Fines
Singapore fined nine financial firms, including UBS and Citigroup, S$27.5 million ($21.5 million) after a probe into the country’s largest money laundering scandal, which involved the seizure of assets ranging from luxury real estate to cryptocurrency.The Monetary Authority of Singapore (MAS) announced that Credit Suisse’s local unit, now part of UBS, faced the biggest penalty of S$5.8 million for gaps in anti-money laundering (AML) controls, Bloomberg reported. Citigroup’s Singapore business was also fined for compliance lapses.The enforcement wraps up a two-year investigation into a sprawling S$3 billion ($2.2 billion) case revealed in 2023.Ten individuals of Chinese origin, dubbed the Fujian gang, were convicted, while two ex-bankers were charged last year for their involvement.Authorities seized cash, property, high-end goods, and cryptocurrency...
BitMine Stock Soars 700% Within 24 Hours – Will Ethereum Treasury Strategy Make Another MicroStrategy?
BitMine $BMNR has been on fire since Monday – after naming Fundstrat’s Tom Lee as Chairman, the stock skyrocketed. Now, it’s raising $250M for an Ethereum treasury strategy. Could this be the MicroStrategy of ETH? BitMine Bets Big on Ethereum The following guest post comes from Bitcoinminingstock.io, the one-stop hub for all things bitcoin miningSource link
U.S. Exceptionalism Is Alive and Well as Nasdaq Outperforms Global Peers: Macro Markets
U.S. exceptionalism, the notion that the U.S. economy and its financial markets are distinct compared to those of other nations, remains alive and well, at least according to the equity markets.Since the early April slide, Wall Street's tech-heavy Nasdaq index has surged 31%, while the broader S&P 500 index has rallied 24%, according to data source TradingView. Other major indices, such as Germany's DAX, France's CAC, Japan's Nikkei, and China's Shanghai Composite, have lagged behind Wall Street.Both Nasdaq and the S&P 500 traded at record highs Thursday. Demand for U.S. Treasury notes has held up amid concerns about fiscal sustainability, as noted by CoinDesk last month.The data contradicts the popular narrative that capital flows are rebalancing away from the U.S....
Trader Predicts Bitcoin Could Hit $250,000 by End of 2025
A prominent crypto trader argues bitcoin is positioned to surge to $250,000 before the end of 2025, citing unique market dynamics and historical patterns. Analyst Sees Path for Bitcoin to Reach $250K This Cycle Michaël van de Poppe bases this bullish outlook on bitcoin’s current consolidation near $100,000, which he sees mirroring extended pauses beforeSource link
FLOKI Advances Blockchain Gaming Ambitions With Valhalla Mainnet Launch and Esports Partnership
FLOKI FLOKI traded near $0.00007417 on July 5, up 1.32% over the past 24 hours, according to CoinDesk Research's technical analysis model. As for the broader memecoin sector as gauged by the CoinDesk Memecoin Index(CDMEME), it is up 1.79% during the same period.Although FLOKI is often categorized as a meme coin, its ecosystem has long featured gaming-related functionality, including NFT-based characters, play-to-earn mechanics, and token integration for in-game rewards. But the launch of the Valhalla mainnet marks its most ambitious gaming milestone to date.On June 30, 2025, FLOKI officially launched Valhalla, a blockchain-based game inspired by Norse mythology. The game runs on opBNB, a Layer-2 network designed to enable fast and inexpensive transactions. Players take control of Veras — customizable...