AI Summary
- Hong Kong police recently dismantled a $15 million money laundering scheme involving cryptocurrency, resulting in the arrest of 12 individuals for using over 500 bank accounts and crypto exchanges to launder funds from fraudulent activities.
- Moody's credit agency downgraded the U.S. government's credit rating from Aaa to Aa1, citing growing national debt and deficits, which has contributed to volatility in cryptocurrency markets, particularly impacting major tokens like Bitcoin and Ethereum.
- The increasing institutional interest in Bitcoin has fueled predictions that its price could reach as high as $250,000 by the end of 2025, driven by lower volatility and higher demand from pension funds and ETFs.
- The U.S. Senate's stablecoin bill, known as the "GENIUS Act," is making progress and is expected to be debated and potentially passed soon, amid ongoing discussions about regulatory frameworks needed for digital asset markets.
- Significant developments in the crypto space also include Galaxy Digital's Nasdaq debut, with plans to tokenize its shares, and an enhancement of security measures in France to protect crypto entrepreneurs amid a rise in kidnapping incidents related to the industry.
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Cointelegraph
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Hong Kong police busts $15M laundering ring that used crypto, 500 bank accounts
cointelegraph.com
an hour ago
by Cointelegraph by Brayden Lindrea
Hong Kong police arrested 12 people involved in a cross-border money laundering scheme that relied on crypto and over 500 stooge bank accounts…
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Here’s what happened in crypto today
cointelegraph.com
3 hours ago
by Cointelegraph by Cointelegraph
Trump memecoin, Solana memecoin, TRUMP token, Solana, SOL, Nova Labs, SEC, Securities and Exchange Commission, crypto regulation, TRUMP rally, BitcoinToday in crypto, Moody’s degrades US credit rating, Bitcoin’s next explosive move could send the asset to $250,000 by the end of 2025, accordi…
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The Public internet is a bottleneck for blockchain — DoubleZero CEO
cointelegraph.com
4 hours ago
by Cointelegraph by Vince Quill
Public internet infrastructure is the critical speed and performance constraint on high-throughput blockchain networks, according to Austin Fe…
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Moody's downgrades US credit rating due to rising debt
cointelegraph.com
5 hours ago
by Cointelegraph by Vince Quill
Moody's credit rating agency downgraded the credit rating of the United States government from Aaa to Aa1, citing the rising national debt as …
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High-speed oracles disrupting $50B finance data industry — Web3 Exec
cointelegraph.com
8 hours ago
by Cointelegraph by Vince Quill
Michael James, the head of institutional business development at Douro Labs — the company that developed the Pyth high-speed blockchain oracle…
CoinDesk
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Over $5B Pouring into Bitcoin ETFs – Thanks to Bold Directional Bets
coindesk.com
12 hours ago
by Omkar Godbole
Markets, Bitcoin, ETF, Bitcoin ETF, NewsBillions of dollars have flowed into the U.S.-listed spot bitcoin BTC exchange-traded funds (ETFs) in recent weeks, as the cryptocurrency chal…
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Alabama Man Sentenced for Hacking SEC’s Social Media to Post Fake Bitcoin ETF News
coindesk.com
12 hours ago
by Francisco Rodrigues
Policy, X, SEC, Bitcoin, NewsA 26-year-old man from Alabama has been sentenced to more than a year in prison for his role in a social media hack that briefly sent the pric…
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State of Crypto: Consensus Toronto 2025 Reg Highlights
coindesk.com
12 hours ago
by Nikhilesh De
Policy, Newsletters, State of Crypto, CT2025, NewsCoinDesk hosted its annual Consensus conference in Toronto this week. It was busy, to put it mildly. You’re reading State of Crypto, a Coin…
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Movement Labs and Mantra Scandal Are Shaking up Crypto Market-Making
coindesk.com
17 hours ago
by Shaurya Malwa
Markets, market maker, MANTRA, Move, market analysis, NewsTwo of the year’s most chaotic token blowups — Movement Labs’ MOVE scandal and the collapse of Mantra’s OM — are sending shockwaves through cr…
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ETH, DOGE, XRP Down 3% as Moody’s Downgrades U.S. Credit Rating
coindesk.com
18 hours ago
by Shaurya Malwa
Markets, NewsMajor tokens slumped Saturday as investors digested the implications of Moody’s Ratings downgrading the U.S. credit score, with ether (ETH), X…
Decrypt
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Guess Who: xAI Blames a 'Rogue Employee' for 'White Genocide' Grok Posts
decrypt.co
7 hours ago
by Jose Antonio Lanz
Artificial IntelligenceUsers aren't buying xAI's explanation after Musk's Grok started randomly injecting "white genocide" into conversations.
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Decrypt’s Picks: A Guide to the Best AI Tools for Amateur Musicians
decrypt.co
9 hours ago
by Jose Antonio Lanz
Artificial IntelligenceAI tools are transforming how music is made, offering everything from lyrical inspiration to full-song production. Here are our picks.
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DeFi Development Corp. Stock Hits New High Following Solana Buys, Bonk Collab
decrypt.co
11 hours ago
by Logan Hitchcock
bonk, MarketsNasdaq-listed DeFi Development Corp. is adding to its Solana connections, teaming up with one of the network’s top meme coins.
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Shitcoins, AI Agents and Hot Dogs: Crypto Game 'DX Terminal' Is a Wild Experiment
decrypt.co
12 hours ago
by Logan Hitchcock
GamingEthereum NFT game DX Terminal gives players’ unruly AI agent traders one week to rack up as many fake meme coins as possible. What could go wr…
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How Crypto Fight Night Became the Industry’s Premier Networking Event
decrypt.co
13 hours ago
by Ryan Gladwin
Long ReadsCrypto Fight Night isn’t made for fight fanatics—it’s an event for crypto bros to break bread after months of battling in the trenches.
AMBCrypto
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BONK slumps for 4 straight days – Can cautious longs save the day?
ambcrypto.com
2 hours ago
by Kelvin Murithi
News 1, Social, Trading View, News, Memecoins, BonkBONK’s setup allows for a recovery, but confirmation is needed before calling a reversal or rally. Funding Rates remained between 0%–1%, refle…
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PEPE down 8% as whale activity spikes: What comes next?
ambcrypto.com
3 hours ago
by Evans Boto
News 1, Social, Trading View, News, Memecoins, PepeWhale reactivation suggests early signs of strategic PEPE accumulation. Liquidation zones and NVT spike indicate short-term volatility despite…
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PI’s 4-week rally threatened – What will decide if $0.30 is next
ambcrypto.com
4 hours ago
by Olayiwola Dolapo
News 1, Social, Trading View, Altcoin, NewsPi fell 20.37% in 24 hours, threatening to erase its entire monthly gains. If the $0.3112 zone fails, PI could fall to $0.30 or lower as beari…
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Bitcoin’s new rally in waiting? Unraveling 3 key signals
ambcrypto.com
5 hours ago
by Gladys Makena
News 1, Social, Trading View, Bitcoin, News, BTC Trading ViewBitcoin’s 1M 25 Delta Skew fell to -6.1%, showing higher demand for calls over puts in the options market. Whale Exchange Balance Change dropp…
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Is a Bitcoin top incoming? What THESE flashing indicators suggest
ambcrypto.com
7 hours ago
by Ritika Gupta
News 1, Social, Trading View, Bitcoin, News, BTC Trading ViewBitcoin’s price action is tightly tethered to stablecoin reserves. Retail remains hesitant to jump back in full force. Bitcoin’s [BTC] price a…