Headlines

Crusoe reportedly raises $3B at a $30B valuation

Data center developer Crusoe, which counts Meta, Microsoft, and OpenAI as its customers, has raised a new $3 billion round at a $30 billion valuation, Bloomberg reported. The deal is being co-led by Atreides Management and Valor Equity Partners, and includes participation from Mubadala Capital, the asset management subsidiary of Abu Dhabi’s sovereign wealth fund…

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USDG launches natively on Mantle in Paxos expansion

Paxos-issued USDG has launched natively on Mantle, adding the Ethereum layer-2 network to a stablecoin coalition with more than 150 partners. Summary USDG can now be minted directly on Mantle and used for DeFi liquidity and institutional settlement. Mantle has joined the Global Dollar Network and can share in rewards generated by USDG activity. USDG…

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Treasury Flags Nearly $13 Billion Tied to Overseas Crypto Scams

Key Takeaways FinCEN analyzed 33,904 reports tied to $12.7 billion in suspected activity. Suspected scam activity affected people across every U.S. state. Criminal networks used stablecoins, shell companies, and money mules. FinCEN Analysis Tracks $12.7 Billion in Suspected Activity The Treasury Department’s Financial Crimes Enforcement Network (FinCEN) identified approximately $12.7 billion in financial activity tied…

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