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Block (Jack Dorsey's payment company, founded by the Twitter co-founder, owns the Cash App with Bitcoin purchases) has reached an agreement with the US Department of Justice to pay $764M and close the case over weak anti-money laundering controls. This is more than the company's entire quarterly profit of $566M.
Intercontinental Exchange (owner of the New York Stock Exchange) has agreed with Trade[XYZ] to move its Hyperliquid-based perpetual markets into a regulated US framework. Ordinary retail clients will be able to trade round-the-clock contracts on stocks, indices, commodities, currencies and crypto - if regulators give the go-ahead.
The American Federal Bureau of Investigation has officially named a group linked to the DPRK as the culprit behind the Binance hack last Thursday. About $6.3 billion in digital assets was stolen - this is the largest theft in the history of the crypto market.
Analytics firm Chainalysis (a company that tracks coin movements on the blockchain and works with exchanges and regulators) has traced the Binance hack: the attacker managed to convert about $325M into other assets to bypass blockades. In parallel, roughly $2.8B has been frozen in connection with the incident.
FinCEN has withdrawn from consideration two major draft rules for cryptocurrencies: reporting on transfers to personal wallets from $10,000 and a separate control regime for crypto mixers. Both proposals had been under consideration for years but never came into force.
