Business owner faces up to 280 years over $24M crypto Ponzi scheme
A federal jury convicted Brent Kovar of wire fraud, mail fraud and money laundering after he took $24 million from at least 400 investors. Source：Cointelegraph
Crypto rally spills into dog and cat memecoins as smaller tokens double in a week
Robinhood Chainbased Cash Cat jumped more than 50% in a day, while several smaller animalthemed tokens have gained between 50% and 130% over the past week.…
US targets Iran’s crypto sector, cites over $100M in oil-linked payments
The US Treasury expanded sanctions to Iran’s digital asset sector, alleging a UAEbased broker processed over $100 million in crypto for oil sales.…
Korean bank taps Ripple for payments, Pakistan opens crypto licensing: Asia Express
Asia’s biggest crypto hubs are locked in a taxcut arms race, while Ripple will help Korea’s Jeonbuk Bank move money across borders. Source：Cointelegraph
Bitcoin has beaten stocks and gold over six months. Now it’s closing in on $80,000.
Bitcoin was rising Monday near the $80,000 level that it last touched in May, after the cryptocurrency surged last week on the Treasury Department’s plans to…
Gemini plans to distribute crypto prediction markets through Apex brokerages
The proposed deal would make Gemini the exclusive venue for crypto event contracts offered through Apex’s FCM, expanding its predictionmarket reach to…
Coinbase-affiliated advocacy group endorses candidates for US midterms
With just over two months until the US general election, Stand With Crypto announced its pick for politicians in its efforts to “elect the most procrypto…
Crypto political group details list of U.S. congressional allies its backing this year
Stand With Crypto, a member group that rates the crypto friendliness of politicians, is supporting 32 U.S. House incumbents, with more endorsements coming.…
Coinbase debuts tokenized stocks on Base network, joining race to bring equities on blockchain
The crypto exchange is starting with tokenized versions of Apple, Nvidia, Meta and Alphabet, issued under its new Abu Dhabi framework. Source：CoinDesk
Crypto advocacy groups oppose Illinois digital asset tax in court
Following a similar lawsuit filed by the Digital Chamber in July, two digital asset advocacy groups challenged Illinois’ 0.2% crypto tax on constitutional and…
Zondacrypto boss seeks leniency for testimony on political ties: Report
Przemysław Kral reportedly faces a fraud charge and is cooperating with Polish prosecutors as estimated customer losses reach $650 million. Source：Cointelegraph
Pakistan kicks off crypto licensing regime with Sept. 5 registration deadline
PVARA said companies have until the deadline to submit their application for a noobjection certificate or otherwise cease operating. Source：CoinDesk