The US Department of Justice has seized over 1 bitcoin linked to Wei Gong, a Chinese national arrested for importing synthetic drugs into Georgia. The case involved tracing Binance account records, blockchain analysis, and cooperation with Chinese authorities. Undercover DEA bitcoin purchases helped connect the cryptocurrency transactions to drug shipments. The DOJ seeks forfeiture of the seized bitcoin as part of a broader crackdown on digital assets used in drug trafficking and money laundering, with potential prison penalties of up to 20 years if convicted.
Bitcoin is experiencing a prolonged period of weak institutional demand, highlighted by the Coinbase Premium Index remaining negative for a record 44 consecutive days. This index measures the price difference between Bitcoin on Coinbase, favored by U...
Binance founder Changpeng Zhao (CZ) sparked renewed discussion about potentially freezing bitcoins linked to Satoshi Nakamoto to protect against future quantum computing threats. He posed the idea as a community question, not a personal plan, highlig...
The crypto market remains stable with Bitcoin around $64,143 and Ethereum near $1,730, while Solana leads with notable gains amid renewed geopolitical tensions following Iran's announcement to close the Strait of Hormuz. This strait is a critical oil...
Bitcoin and Ethereum spearheaded a broad crypto market rally, with Bitcoin rising to $63,880.92 and Ethereum to $1,731.60. Large-cap altcoins also saw gains, notably Solana with a 4.01% increase. However, the rally was accompanied by declining tradin...
Solana has achieved a record $1.34 trillion in decentralized exchange (DEX) volume across all chains in Q2 2025, with over 25% of that volume attributed to Solana alone. It leads monthly DEX volumes with nearly $50 billion, outpacing Ethereum's $35 b...
