President Trump's Solana Meme Coin Just Skyrocketed—Here's Why

U.S. prosecutors are requesting an October retrial date for Tornado Cash developer Roman Storm on unresolved criminal counts after a hung jury in the original trial. Storm, free on bail, faces charges related to operating an unlicensed money-transmitting business and money laundering violations.

The UK government's Fraud Strategy 2026-2029 highlights the increasing risk posed by cryptocurrency in facilitating investment fraud. The strategy emphasizes the need for stronger coordination across various sectors to combat fraud, with a focus on incorporating blockchain analytics into existing frameworks.

Approximately $130 million worth of Bitcoin has been transferred to Gemini hot wallets by the Winklevoss twins in the past week, potentially for selling purposes. The transfers were speculated to be for OTC transfers, custody rebalancing, or providing exchange liquidity.

Strategy, the largest holder of Bitcoin, sold a record number of perpetual preferred equity, Stretch (STRC), to purchase approximately 1,420 Bitcoin. The company's Bitcoin accumulation strategy is supported by proceeds from STRC, which saw a significant increase in trading volume on Monday.

Hyperliquid's HIP-3 market has seen a surge in activity, with open interest reaching $1.2 billion, driven by futures tied to equities and commodities like oil, gold, and silver. The platform allows anyone to create perpetual futures by staking 500,000 HYPE tokens.

Bitmine Immersion Technologies transferred 9,600 ETH to Coinbase Prime hot wallets in two separate transactions, totaling $19.49 million. The transfers were routed through an intermediate wallet, consistent with institutional custody operations, following the company's recent significant ETH purchases.

Despite the global equity markets being rocked by the Iran war and oil surge, Bitcoin remained relatively stable due to large traders and institutional flows stepping in during market dips. The demand for Bitcoin has been driven by OTC trades and renewed investor interest in the "carry trade."

The Bank Policy Institute, representing major Wall Street players, is considering legal action against the OCC for easing regulations on crypto and fintech firms seeking national banking charters. This move has sparked concerns about regulatory oversight and potential risks to the banking system.

Federal prosecutors are seeking a retrial for Tornado Cash developer Roman Storm on money-laundering charges after a previous jury deadlock. The government aims to retry Storm on two counts with a combined maximum sentence of up to 40 years.

Glassnode's market note indicates Bitcoin's market structure is stabilizing amid global tensions, with prices up 4.3% to around $69,100. Despite improving metrics, the recovery is described as "tentative" due to ongoing geopolitical uncertainties.