Flash News

TREE NEWS reports: Coinbase executives have published an article refuting arguments from the banking industry against stablecoin rewards. They argue that such opposition is unfounded and that stablecoin incentives benefit consumers and the broader financial system. The piece aims to counter regulatory pushback and promote the adoption of stablecoins.

TREE NEWS reports: HPC and TradeXYZ have jointly written to the CFTC, calling for energy perpetual contracts to be brought under US regulatory oversight. The move aims to enhance market integrity and investor protection in the digital asset derivatives space.

TREE NEWS reports: Judge Katherine Polk Failla has adjourned Roman Storm’s retrial for over six months, moving it to April 2027. The decision comes as his motion for acquittal remains undecided, prolonging the legal uncertainty for the Tornado Cash developer.

TREE NEWS reports: The Zcash spot ETF has dropped 8% since its launch, ending a 60% price surge. The decline reflects typical post-listing volatility and profit-taking after the initial hype.

TREE NEWS reports: Iran’s currency, the rial, plunged to an all-time low following new US sanctions that, for the first time, explicitly target digital assets. The move highlights the growing intersection of geopolitics and crypto regulation, potentially impacting global markets and crypto adoption in sanctioned regions.

TREE NEWS update: A US judge has adjourned the retrial of Tornado Cash developer Roman Storm to April 2027, pending his motion for acquittal and request for a continuance. The delay extends the legal uncertainty for the crypto privacy tool’s co-founder.

TREE NEWS update: The main suspect in a Czech darknet money laundering case has signaled willingness to cooperate, potentially involving a $44 million Bitcoin donation. This development could impact the investigation and the handling of the seized assets.

TREE NEWS reports: Chainalysis has identified over 29,000 cryptocurrency addresses linked to child sexual abuse material (CSAM) networks across 125 countries through its ‘Operation Lighthouse’ initiative. The investigation highlights the use of crypto in illicit activities and the firm’s role in aiding law enforcement. This underscores ongoing efforts to combat financial crimes in the digital asset space.

TREE NEWS reports: The retrial of Tornado Cash developer Roman Storm has been postponed to April 2027. This delay extends the legal uncertainty for the crypto privacy tool, with implications for developers and the broader DeFi ecosystem.

TREE NEWS reports: Russian telecom operators and e-commerce platforms will begin accepting the digital ruble for payments starting in September. This marks a significant step in the rollout of Russia’s central bank digital currency (CBDC), expanding its use beyond pilot phases.

TREE NEWS reports: Dunamu, the operator of Upbit, has become the first cryptocurrency exchange in South Korea to integrate with the government’s administrative information sharing system. This move enhances regulatory compliance and operational transparency for the exchange.

TREE NEWS reports: Meta is reportedly discussing a settlement with multiple state attorneys general over a high-stakes lawsuit, potentially avoiding a lengthy trial. The talks are ongoing, and terms have not been disclosed.

TREE NEWS update: Caixin reports that Zhou Guren, the largest backer of the Trump family’s token, has been listed as a dishonest person (失信人) in China. This development raises concerns about the credibility and regulatory implications surrounding the token’s promotion.

TREE NEWS reports: Binance has brought in two senior compliance executives from Crypto.com to bolster its regulatory and compliance efforts. The move signals Binance’s continued focus on strengthening its global compliance posture amid ongoing regulatory scrutiny.

TREE NEWS reports: Crypto infrastructure firm Zerohash has submitted a second application for a trust bank charter with the U.S. Office of the Comptroller of the Currency (OCC). This move underscores the growing trend of crypto firms seeking traditional banking status to offer regulated custody and trust services.