Coinbase Sponsors Aston Martin Aramco F1 Team in Deal Paid With USDC

Two individuals, Ruslan Igorevich Tkachuk, 37, and Alexander Vladimirovich Ledenev, were arrested in Georgia for laundering over $389 million in Bitcoin for the AudiA6 organization. The U.S. Attorney’s Office charged them with conspiracy and sting money laundering as part of an international operation against AudiA6.

Digital Asset secured $355 million in new funding from investors, including the Abu Dhabi Investment Authority, through a subsidiary. The funding round was led by Andreessen Horowitz's crypto arm, a16z crypto, with participation from Wall Street firms and global financial services companies.

U.S. banking trade groups are urging regulators to clarify oversight of stablecoin transactions post-issuance, emphasizing the need for more stringent AML rules in secondary markets. The Bank Policy Institute and The Clearing House argue that current requirements are insufficient for DeFi firms and digital asset custodians.

Citigroup has introduced Digital Depositary Receipts, allowing investors to access private company shares through blockchain-based securities. This move addresses the growing demand for private-market investments and offers a more transparent and simplified approach to private-market investing.

Bitcoin ETFs have experienced significant outflows in June, totaling $2.1 billion so far, following May's $2.4 billion losses. The ongoing trend, influenced by macroeconomic and geopolitical challenges, has led to a $33 billion decline in total net assets since May 10.

Michael Saylor took nearly seven minutes at a conference to explain the term "multiple-to-Net Asset Value" (mNAV), which went viral for its complexity. Saylor's definition involved equity market cap adjustments, net debt considerations, and SEC filings, leading to confusion among investors.

Despite Nepal's ban on crypto transactions in 2021, the International Monetary Fund (IMF) reported a significant increase in crypto adoption in the country, urging authorities to closely monitor the sector for financial stability and illicit flows. The IMF highlighted the growth of stablecoins and unbacked crypto assets in Nepal, emphasizing the need for regulatory frameworks aligned with international standards.

Bithumb CEO Lee Jae-won has been booked by South Korean police for allegedly hiring the relative of a local lawmaker in a bribery scheme. The investigation, part of a broader corruption probe, involves National Assembly member Kim Byung-ki and his alleged exploitation of his legislative position.

Japan's House of Representatives passed a bill shifting crypto regulation to the Financial Instruments and Exchange Act, treating cryptocurrencies as financial investments. The move aims to improve user protection and promote innovation in response to the growing popularity of crypto assets.

BlackRock is preparing to launch the iShares Bitcoin Premium Income ETF, which will generate income by selling call options on shares of its $47 billion spot Bitcoin ETF, IBIT. The fund's sponsor's fee is set at 0.65%, lower than competitors YBTC and BTCI.