by Michael
Key TakeawaysMalone Lam pleaded guilty to participating in a RICO conspiracy.The network used deception and break-ins to drain crypto wallets.Members spent proceeds on cars worth up to $3.8 million and $500,000 nightclub nights. Malone Lam Admits Leading the Crypto... 
by Michael
Key TakeawaysPark was convicted of three wire fraud and two bankruptcy fraud counts.Prosecutors said he hid millions in crypto before claiming only $0.34.Sentencing is set for Dec. 10, with decades in prison possible. Crypto Fortune Disappears From Bankruptcy Filings... 
by Michael
Key TakeawaysBinance is using a 1 billion-share estimate to work out the AI company Anthropic’s implied valuation. At press time, ANTHROPIC stands over $2 trillion.Anthropic warned back in May that unauthorized SPV stock transfers are void and could basically end up... 
by Michael
Key TakeawaysTwo crypto groups are seeking a preliminary injunction.The 0.2% tax applies to covered exchanges, transfers, and storage.Plaintiffs say companies face millions of dollars in compliance costs. Crypto Groups Race to Stop Tax Before Illinois Users Pay... 
by Michael
Key TakeawaysVisa stablecoin settlement topped a $20B annualized run rate, with 160+ card programs live.Onchain credit cuts financing costs by up to 30% and enables 7-day card settlement.Visa-linked lenders seek to scale working capital fast enough to match stablecoin... Translate »
