Police shut down a cryptocurrency mixing service. It was used to hide the source of funds. The action shows authorities are targeting crypto tools used for crime. This disrupts a common method for laundering illegal proceeds. It's a significant move in tracking illicit crypto flows.
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A Seoul court gave a crypto manager jail time. This is the first ruling under South Korea's new crypto law. The act aims to protect users of virtual assets. It sets strict rules for safe management of customer funds. The sentence marks a significant enforcement of these regulations.
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Major cryptos dipped again. Bitcoin slipped below $90k. Ethereum and Solana both fell around 3%. A few, like Litecoin, saw small gains. Zcash plunged 19% after its dev team quit. Big banks are moving in: JPMorgan with its coin, Barclays investing in stablecoin tech. Wyoming launched its own state stablecoin. A key Senate crypto vote faces pressure next week. Starknet had a multi-hour outage from a bug.
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