Sahil Arora Pockets $380K From Fake Iggy Azalea Meme Coin

Australian police have charged four individuals for their alleged involvement in a money laundering network that moved $123 million into crypto. The scheme involved concealing funds through a security company, shell businesses, classic car sales, and crypto exchanges, with assets totaling over $110 million restrained by authorities.

Circle (CRCL) has just completed its IPO with 25x oversubscription. The market will resolve based on NYSE's closing price data for CRCL stock on June 13, 2025, at 4:00pm EST.

Sony's blockchain arm, Sony Block Solutions Labs, has introduced an incubator program, Soneium For All, to boost consumer and gaming applications within its 7 million-user blockchain ecosystem. The initiative aims to empower creators globally by leveraging blockchain technology to lower entry barriers for developers.

Deutsche Bank is considering stablecoins and tokenized deposits, with a focus on potentially issuing its own token or participating in an industrywide initiative. The bank's head of digital assets mentioned exploring these options for use in payments.

An AgriTech initiative in Malaysia integrates drones, AI, and blockchain to support sustainable farming and technological innovation. This partnership aims to create a blueprint for efficient, sustainable agriculture on over 490,000 acres of palm plantations.

Cudis, a wearable developer, has introduced a Solana-based token to reward users for improving health habits through its smart ring and app. The AI-powered ring tracks health metrics and syncs with an app providing personalized insights and coaching.

The SuiPlay0X1 handheld console, priced at $599, boasts impressive specs like an AMD Ryzen 7 7840U CPU and 512GB SSD storage. It features a high-quality LCD screen and supports crypto gaming through the Playtron operating system.

Coinbase has introduced wrapped tokens cbDOGE and cbXRP to meet the rising demand for cross-chain functionality in DeFi. These tokens are available on the Ethereum layer-2 Base network, with Coinbase holding 1:1 reserves of the underlying assets.

The Pectra upgrade on Ethereum has enhanced the network's capacity for handling "blobs," benefiting layer-2 networks and rollup operations. Despite increased blob usage, rollups have not fully utilized the expanded capacity, leading to a drop in blob prices and challenges for validators.

The Blockchain Association, Coin Center, DeFi Education Fund, and Bitcoin Policy Institute advocate for the dismissal of the case against Samourai Wallet, arguing that the app did not violate U.S. law by facilitating financial transactions with privacy features. The groups believe that software developers should not be prosecuted for tools used by others to transfer funds.