Kenya's Assets Recovery Agency (ARA) has frozen $888,030 in cash and tether stablecoins linked to a $2.32 million money laundering scheme involving Binance wallets and multiple banks. The scheme used two parallel channels to obscure money origins, including international remittances and cryptocurrency transfers, with transactions deliberately kept below reporting thresholds to evade detection. Investigations are ongoing, and Kenyan authorities have sought U.S. legal assistance to track international financial records. This crackdown highlights growing concerns over cryptocurrencies being used to bypass traditional financial monitoring in Kenya.
Bitcoin traded near $79,972, up 0.43% in 24 hours, with optimism for reaching $85,000 fueled by strong ETF inflows and bullish market sentiment. The global crypto market cap rose to $2.72 trillion, led by gains in Solana, Ethereum, XRP, and BNB. Key ...
Tokenized stock trading volume reached nearly $3 billion weekly in August, driven by Robinhood Chain, BNB Chain, and Solana, which dominate blockchain-based equity trading. This growth highlights the rapid expansion of markets allowing investors to t...
Open interest in altcoin futures for ZEC, BNB, ARB, XRP, and SOL has surged, with ZEC reaching a record $2.4 billion amid a price rally past $1,000 that liquidated $34 million in shorts. This rise reflects aggressive speculative leverage rather than ...
Binance has launched perpetual futures contracts for two new crypto tokens: PONS from Robinhood Chain and HAJIMI from BNB Smart Chain. PONS, a utility token with a deflationary model, offers up to 20x leverage and nears a $1 billion market cap, while...
Tokenized equity trading volume reached nearly $3 billion weekly in August, driven mainly by Robinhood Chain, BNB Chain, and Solana. Despite this growth, only about 5% of tokenized stocks are used in onchain financial applications, with total value l...
