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Besides freezing crypto, the strike force also seized a Telegram channel used to recruit unsuspecting job seekers and took down 503 fake crypto investment websites. The US Department of Justice revealed on Thursday that it has frozen more than $701 million in crypto linked to investment scams targeting Americans as part of an ongoing operation. The US Scam Center Strike Force and its law enforcement partners targeted scam centers aimed at Americans, the US Attorney's Office for the District of Columbia said Thursday. The cryptocurrency was "restrained" through voluntary actions by crypto exchanges and legal processes, it added. Read more
Stablecoin issuers must invest a minimum of $10 million into Morgan Stanley’s money market fund, MSNXX, to access the stablecoin reserve offering. Morgan Stanley’s investment management arm has launched “Stablecoin Reserves Portfolio,” an offering that allows stablecoin issuers to park the reserves backing their stablecoins in one of the bank's money market funds while earning interest. The offering is part of the Morgan Stanley Institutional Liquidity Funds trust (MSNXX), which aims to preserve capital, provide daily liquidity and distribute income while maintaining a $1 net asset value, Morgan Stanley said on Thursday. “Developing innovative ways to work with stablecoin issuers is another step towards modernizing the financial infrastructure,” said Amy Oldenburg, head of Morgan Stanley’s digital asset strategy. The bank said the offering seeks to comply with the Guiding and Establishing National Innovation for US Stablecoins Act (GENIUS Act), a framework that was signed into law in July, which led several T...
The White House’s office of technology policy said that foreign entities are using proxy accounts and jailbreaking techniques to distill capabilities from American AI models. The Trump administration has unveiled plans to combat “industrial-scale campaigns” by Chinese-based entities to copy AI technology developed by US companies. In a statement on Thursday, the assistant to the president for the White House Office of Science and Technology Policy, Michael J. Kratsios, said the government has "information" indicating that foreign entities — primarily based in China — are deliberately targeting major US AI firms to distill their AI models. "Models developed from surreptitious, unauthorized distillation campaigns like this do not replicate the full performance of the original. They do, however, enable foreign actors to release products that appear to perform comparably on select benchmarks at a fraction of the cost," Kratsios said. Read more
Jane Street has filed to dismiss Terraform’s insider trading suit, arguing the reasons for Terra’s collapse have already been litigated. Trading firm Jane Street has asked a US court to toss a lawsuit brought by the administrator of the bankrupt Terraform Labs, accusing the company of insider trading that worsened the collapse of the Terra ecosystem. In a motion to dismiss filed in a Manhattan federal court on Thursday, Jane Street argued Terraform’s suit was an attempt “to extract cash from Jane Street to foot the bill for a fraud that Terraform itself perpetrated on the market.” “Terraform now claims it was victimized by Jane Street’s trading,” it added. “The problem with this theory is that Terraform’s fraud scheme — in which Jane Street had no involvement — has already been prosecuted, adjudicated, and punished.” Read more
Mantle, EtherFi Foundation, Golem Foundation, Lido DAO, Ethena, LayerZero, Ink Foundation and Tyrdo have all made pledges to the “DeFi United” recovery effort. Decentralized finance protocols have banded together in an attempt to restore the backing of rsETH following the $293 million exploit of the Kelp restaking platform on Saturday, which has triggered a liquidity shock. The amount pledged has now exceeded 43,500 Ether, worth over $101 million, which decentralized lending platform Aave has called the “DeFi United” relief effort. Crypto protocols involved include Lido DAO and the Golem Foundation, with the largest pledges coming from the EtherFi Foundation and Mantle at the time of writing. “We believe ecosystem collaboration matters most in moments like this, and our priority is achieving the strongest possible available outcome for users, said Aave on Thursday. Read more
US prosecutors alleged that Gannon Ken Van Dyke asked Polymarket to delete his account after profiting from trades tied to the military operation in Venezuela. A US Army soldier involved in the capture of Nicolás Maduro has been charged with making over $400,000 by allegedly betting on the removal of the former Venezuelan president on a prediction market platform. In a statement on Thursday, the US Department of Justice alleged that Master Sergeant Gannon Ken Van Dyke was involved in the planning and execution of “Operation Absolute Resolve” that led to the capture of Maduro at a residence in Caracas, Venezuela, in January. Van Dyke allegedly used this information to buy “yes” shares in related Polymarket contracts, including "Maduro out by January 31" and "Trump invokes War Powers against Venezuela by January 31,” according to the DOJ. Read more
Bitcoin’s rally above $79,000 may be a sign that the downtrend is ending, but a multi-day candle close above $80,000 would help strengthen the odds of a trend change holding. On Thursday, Bitcoin (BTC) continued to wrestle with the $78,000 level as bulls attempted to cement their newfound hold over the market. The convergence of an improving market structure, institutional investors’ fresh allocation to the spot ETFs and investors’ belief that the Senate will pass the CLARITY Act before the US mid-term elections provided the much-needed narrative catalyst the market had been waiting for. On the institutional side of the market, fresh capital helped place strengthening support in the $68,000 to $70,000 price range. Spot Bitcoin ETFs have seen a $2.03 billion inflow in April; Strategy purchased 34,000 BTC for $2.54 billion; and Morgan Stanley’s newly launched MSBT BTC ETF took in over $153 million in its first two weeks of trading. Read more
MN Trading Capital founder Michael van de Poppe doesn’t expect Bitcoin to drop below $75,000 in the near term, even as Polymarket traders price in a different outcome. Momentum from Bitcoin’s recent rally could spill into the altcoin market, which could see gains of as much as 60% if Bitcoin continues to rise, according to a crypto analyst. “I think this leg has enough room to continue to $86K, and altcoins to run 30-60% from here,” MN Trading Capital founder Michael van de Poppe said on Thursday. A move to $86,000, a level Bitcoin hasn’t seen since Jan. 28, would represent about a 10% increase from its current price of $77,890, according to CoinMarketCap data. Read more
The Fellowship PAC disclosed that it had spent $1.75 million in support of Texas Attorney General Ken Paxton, facing Senator John Cornyn in a May runoff. The crypto-aligned Fellowship political action committee (PAC), led by stablecoin issuer Tether’s head of government affairs, reported spending more than $3 million on advertising related to US Senate races, with the majority going toward to support a Texas Republican candidate. In a Tuesday filing with the US Federal Election Commission (FEC), Fellowship PAC disclosed that it had spent $1.75 million in support of Texas Attorney General Ken Paxton. The Republican is facing off against incumbent Senator John Cornyn in a May 26 runoff to determine who will become the party’s candidate for the 2026 US Senate race. In addition to Paxton, the PAC reported spending $350,000 on advertising for Mike Collins in Georgia’s Senate race, $350,000 on Barry Moore in Alabama’s Senate race, and $250,000 and $350,000 on Blake Miguez and Julia Letlow, respectively, for House a...
Inflows to the spot Ether ETFs topped $633 million over the past 10-days, but are the flows significant enough to trigger a rally to $3,000? Key takeaways: The spot ETH ETFs recorded ten consecutive days of net inflows, totaling $633 million. Weekly DApps revenue on the Ethereum network fell to $13 million, following a broader decline seen in Solana and BNB Chain. Read more
Retail crypto activity fell 11% in Q1 as macro pressures weighed on markets, though Turkey and emerging economies showed resilience, TRM Labs data shows. Global crypto adoption declined in the first quarter as retail activity weakened under mounting macroeconomic and geopolitical pressures, underscoring the sector’s continued sensitivity to broader market conditions. TRM Labs’ Q1 Global Crypto Adoption Index showed an 11% year-over-year drop in retail crypto volumes, to $979 billion. The decline marked a second consecutive quarterly contraction and the sharpest pullback since the 2022 bear market. The downturn was largely driven by a stronger US dollar, higher interest rates and a broader risk-off environment, all of which weighed on retail participation, TRM said. The softer demand coincided with a 22% drop in the price of Bitcoin (BTC) during the quarter. Read more
The integration with Marinade Finance lets clients earn yield via validator selection strategies while retaining custody and control within a single platform. Anchorage Digital has integrated Marinade Finance into its platform, allowing institutional clients to stake Solana tokens through automated validator strategies while maintaining custody of their assets. According to Thursday’s announcement, the integration gives clients direct access to Marinade’s staking strategies within Anchorage’s custody and wallet infrastructure, including its Porto self-custody wallet, without requiring external applications. The setup separates staking delegation from withdrawal control, allowing institutions to participate in validator selection and yield generation while retaining asset control. Read more
The stablecoin issuer cited "activity tied to unlawful conduct” but no further explanation for the freezing of the dollar-pegged tokens held in two wallet addresses. Tether, the company that issues the USDt dollar-pegged stablecoin, said Thursday that it froze more than $344 million in USDt at the request of US law enforcement officials. The company froze two wallet addresses at the request of US authorites for “activity tied to unlawful conduct,” according to Tether’s announcement. Tether did not provide a specific reason for the asset freezes, but said that it freezes wallet addresses tied to “sanctions evasion, criminal networks, or other illicit activity.” Read more
A negative Bitcoin funding rate and $7.5 billion in USDC reserves suggest traders may start positioning against the bearish trend. Will BTC price keep rising? Bitcoin (BTC) has rallied 30% since its 2026 low of $60,000, and stablecoin balances on exchanges suggest the market has entered a disbelief phase, with roughly $7.5 billion in USDC on Binance highlighting readily deployable capital that traders could start positioning soon. Data show that derivatives market positioning has not kept pace with the bullish price trend. Crypto analyst Darkfost tracked the 30-day cumulative funding rate, which aggregates funding over time to reveal sustained positioning. The metric stands near -4.5%, reflecting a prolonged bearish bias against the current move. The analyst explained that the negative funding creates conditions that incentivize traders to take the opposite side. Read more
MoonPay has expanded its virtual accounts product to New York, allowing businesses to convert fiat into stablecoins and settle funds without prefunding across jurisdictions. MoonPay has launched fiat-to-stablecoin virtual accounts in New York, allowing businesses to convert incoming funds from bank rails such as ACH and SWIFT into stablecoins and settle them directly to non-custodial wallets through a single API. The product is underpinned by technology provider Iron and allows platforms to issue named, dedicated accounts that receive fiat and automatically convert it into stablecoins, enabling payment, trading and treasury flows without relying on prefunded balances or multiple intermediaries. The rollout in New York follows MoonPay’s acquisition of Iron in 2025 and builds on integrations with platforms including Deel and Paysafe, extending its stablecoin infrastructure across payroll and payments networks, according to Thursday's announcement. Read more
More than 120 entities associated with the crypto and blockchain industry signed onto a letter urging US Senators to move forward with a crypto market structure bill. More than 120 entities affiliated with the cryptocurrency and blockchain industry are urging US lawmakers to stop stalling on the advancement of a digital asset market structure bill. In a Thursday letter to leaders in the US Senate Banking Committee, the Crypto Council for Innovation (CCI) and Blockchain Association said that the body should “proceed towards a markup of the CLARITY Act to provide a comprehensive federal market structure framework for digital assets.” The legislation, expected to be one of the most significant laws to potentially impact the crypto industry, passed the House of Representatives in July 2025 but has been delayed due in part to government shutdowns and debates over stablecoin yield and other issues. Read more
FIGR stock retreated after a brief rally as shifting sentiment hits crypto-linked equities, even as analysts point to strong growth in the fintech's blockchain-based lending. It's been a volatile week for the shares of Figure Technology Solutions as crypto-linked stocks react to shifting investor sentiment and early signs of a broader market rebound. FIGR stock fell more than 9% in early Thursday trading, slipping back to the mid-$32 range after climbing near $37 earlier in the week. The earlier gains were driven by momentum in crypto-related equities and growing investor interest in companies tied to blockchain-based lending. Today's decline extended Figure's more than 20% year-to-date slide, reflecting ongoing uncertainty around both crypto markets and higher-growth technology stocks. The sharp swings highlight how sensitive the stock has become to changes in market sentiment. Read more
Ethereum signalled a potential rally to $6,000 as bullish technicals, tightening supply, and rising institutional demand are starting to look like major tailwinds. Ether’s (ETH) 33% rally from its sub-$1,800 multi-year lows appears to be cooling, but several key metrics suggest the top altcoin is primed for a bigger rally toward $6,000 or higher. Key takeaways: Ether is currently displaying a technical setup similar to past cycles that ignited a massive rally in ETH price. Read more
Bitcoin brought its bull market support band as a key level for BTC price action to reclaim during the weekly candle close. Bitcoin (BTC) slipped from near three-month highs on Thursday as attention turned to the weekly close. Key points: Bitcoin retraces after its latest trip to its highest levels in several months. Read more
Spanish police seized crypto cold wallets tied to an alleged illegal manga site, as questions remain over whether officers can access the funds. Spanish police seized two crypto cold wallets containing about 400,000 euros ($467,000) during a raid on what authorities described as the country’s largest illicit Spanish-language manga distribution platform. Police in Almería arrested three suspects and confiscated two cold wallets hidden inside a wall thermometer, seized from what authorities called the largest portal for illegal manga distribution that generated over 4 million euros ($4.6 million) over the past decade, according to Spain's Interior Ministry. The ministry said the website had offered free access to pirated manga since 2014 and generated most of its revenue through advertising. Read more10222 items