Crypto News
Russian National Hit With 22 Charges for Laundering $530M in Crypto
A Russian national faces 22 charges for laundering $530 million through cryptocurrency, using his companies to bypass U.S. sanctions and defraud financial institutions. 22 Charges Filed Against Russian National in $530M Crypto Scheme The U.S. Department of Justice (DOJ) announced on June 9 that Iurii Gugnin, a Russian national living in New York, faces 22Source link
Bitcoin’s $200K Price Forecast ‘Conservative,’ Says Bernstein
Bernstein reaffirmed its $200,000 Bitcoin price forecast, labeling it “high-conviction but conservative,” based on accelerating institutional investment and structural market evolution. The firm cites the success of spot bitcoin ETFs, which now manage approximately $120 billion in assets, as validation of BTC’s role as a mainstream macro asset. This institutionalization is viewed as a foundationalSource link
SEC Chair Champions Self-Custody Rights—New Exemption Could Fuel Crypto Boom
SEC Chair Paul Atkins’ push for greater self-custody rights and regulatory clarity could unleash massive growth in crypto and DeFi, empowering users and fueling innovation across the sector. Bullish Signals: SEC’s Self-Custody and Exemption Proposal Could Spark DeFi Frenzy U.S. Securities and Exchange Commission (SEC) Chair Paul Atkins addressed the Crypto Task Force Roundtable onSource link
Asia Morning Briefing: BTC Slips Below $110K as ‘Signs of Fatigue’ Emerging
Good Morning, Asia. Here's what's making news in the markets:Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk's Crypto Daybook Americas.Bitcoin is trading below $110,000, changing hands at $109.7K, as Asia continues its trading week.The move challenges a prevailing market narrative of summer stagnation, coming on the heels of a note from QCP Capital that emphasized suppressed volatility and a lack of immediate catalysts.A recent Telegram note from QCP pointed to one-year lows in implied volatility and a pattern of subdued price action, noting that BTC had been “stuck in a tight range” as summer approaches.A clean break...
Riot Platforms Reduces Stake in Bitfarms to 14.3% Following Share Sales
Riot Platforms Inc. has decreased its ownership in Bitfarms Ltd. to 14.3% after selling 1,748,200 shares on the open market, as reported by Riot Platforms. (Read More)Source link