The UK Financial Conduct Authority has warned football clubs that sponsorship deals with unauthorised crypto firms could expose fans to financial harm while creating legal, money laundering and reputational risks for clubs. Summary The FCA has warned Premier League clubs that sponsorship deals with unauthorised crypto firms could expose supporters to financial risks and leave…
The U.S. Treasury has sanctioned four Iranian cryptocurrency exchanges and two senior executives at Nobitex after accusing the platforms of helping sanctioned entities access the digital asset ecosystem. Summary The U.S. Treasury has sanctioned four Iranian crypto exchanges, including Nobitex, under its Economic Fury campaign against Iran. Treasury has accused Nobitex of facilitating transactions for…
Brazil’s central bank has added mandatory independent audits to the licensing approval process for crypto service providers in the country. Summary Brazil’s central bank will require crypto service providers to submit independent audit reports when applying for or renewing licenses. The audits will review anti-money laundering controls, customer asset segregation, risk management systems, and employee…
New York’s financial regulator has formed a stablecoin supervision agreement with the European Banking Authority as regulators on both sides of the Atlantic tighten cooperation over digital assets. Summary NYDFS and the European Banking Authority signed an agreement to share information on stablecoin supervision. The agreement covers market risks, consumer protection, and oversight of firms…
Cardano founder Charles Hoskinson has taken to X to allege that UK police covered up the Henry Nowak case, claiming that despite available evidence and victim testimony, UK law enforcement failed to act or actively suppressed information regarding a violent assault involving Nowak. The post generated significant engagement almost immediately. Here is the central tension…
Galaxy Digital has launched an institutional over-the-counter prediction-markets desk, opening the service with a $10 million event swap tied to the Digital Asset Market Clarity Act. Summary Galaxy launched an institutional OTC prediction-markets desk with a $10 million event swap with Arca. The first trade allows Arca to take a position on whether the CLARITY…
In crypto news today (June 2), the market has gone into a mini-meltdown as Bitcoin crashed below $70,000 in this European morning trading session, falling by -3.8% overnight. The crash caused more than $766M in daily liquidations, with over $600M of that figure being long trades. This price action hasn’t been helped by ETF flows,…
Crypto-backed political groups have expanded their election spending as several US primaries test the industry’s influence in Congress. Summary Crypto-backed PACs have increased spending in US congressional primaries as digital asset policy becomes a key election issue. FEC filings show Protect Progress spent millions supporting Democratic candidates in California, New Jersey, Maryland, and New York….
In XRP news today, the company has launched its USD-backed stablecoin RLUSD in Turkey through partnerships with three local platforms, BiLira, Bitexen, and Bitlo, giving Turkish users direct access to a regulated, dollar-denominated digital asset for the first time via the RLUSD product specifically. RLUSD has reached $1.7Bn in market capitalization since its late 2024…
XRP was even surpassed by USDC as the fifth-largest crypto. Ripple’s native cross-border token has not been spared by the overall market-wide calamity that has only worsened today, with a fresh nosedive to a multi-month low. What’s particularly interesting about XRP’s crash toward $1.20 is that it comes on the token’s 14th birthday. XRPUSD…
