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Chinese-language cryptocurrency laundering networks multiply as illicit on-chain flows reach $82 billion

Cryptocurrency money laundering has grown significantly over the past five years, with Chinese-language networks becoming a central pillar of the global underground economy, according to a new study from blockchain analytics firm Chainalysis. The report estimates that more than $82 billion passed through on-chain laundering channels in 2025, up from around $10 billion in 2020. […]

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Tether’s USAT stablecoin could be a ‘threat’ to Circle’s USDC for institutional dollars

According to analysts, Tether’s new stablecoin USAT could pose the first serious challenge to Circle’s USDC (CRCL) in the US market – if it can convince institutions. Launched in partnership with federally chartered bank Anchorage Digital and Cantor Fitzgerald, USAT is Tether’s first attempt at a U.S.-regulated dollar token aimed at institutional users. Tether’s flagship

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Standard Chartered says US regional banks most exposed to risk of moving $500 billion in stablecoins

The regulatory bottleneck in Washington masks a trillion-dollar threat to America’s banking core. The rise of stablecoins is extending beyond emerging markets and becoming a direct threat to national balance sheets, investment bank Standard Chartered said in a report released Tuesday. The main risk for US lenders is net interest margin (NIM) erosion, according to

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IREN, CIFR, WULF and HUT lead BTC miners up sharply on Tuesday

AI powerhouse Anthropic, the creator of AI chatbot Claude, is set to raise $20 billion in new investment from venture capital firms and other investors, the Financial Times reported, in a deal that would value the company at $350 billion. The San Francisco-based company had targeted a $10 billion investment round, people familiar with the

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Bitwise CIO warns of 3-year delay for crypto adoption

The digital asset market is facing a critical crossroads, according to crypto asset management firm Bitwise.. In a blog post published Monday, the investment manager warned that blocking the Clarity Act in Congress could shift the market from a speculative bull run to an exhausting “show me” phase. The Senate Agriculture Committee postponed its hearing

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Mesh Payment Network Raises $75 Million, Acquires Unicorn Status

Cryptocurrency payments network Mesh gained unicorn status with a $75 million Series C funding round that valued it at $1 billion. The round was led by Dragonfly Capital and included participation from Paradigm, Moderne Ventures, Coinbase Ventures, SBI Investment and Liberty City Ventures, Mesh said on Tuesday. The fundraising, coupled with the ceremonial significance of

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BNB Token Gains Amid Prediction Market Interest and New ETP

The BNB Chain’s native token, BNB, extended its recent advance, climbing over 5% to $893 as it nears the $900 resistance level. The rally comes amid the launch of a physically-backed BNB exchange-traded product (ETP) by crypto asset manager Virtune on Nasdaq Stockholm. The new product offers direct exposure to BNB with Coinbase as custodian

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