Federal authorities contemplate filing charges against Dragonfly for its involvement in Tornado Cash investment.
In the ever-evolving world of cryptocurrencies, there's always something new to report. Here's a roundup of the latest happenings in the crypto sphere.
The U.S. Department of Justice is considering potential charges against Dragonfly Capital, following its 2020 investment in Tornado Cash developer PepperSec, Inc. Haseeb Qureshi, a partner at Dragonfly Capital, confirmed the scrutiny during a public court session. Haseeb stressed that Dragonfly is committed to defending privacy in cryptocurrencies despite legal challenges.
Crypto advocates are urging a thoughtful approach to regulations, emphasising the importance of preserving the right to privacy and fostering innovation in U.S. crypto investments. This call comes as the SEC holds a cryptocurrency roundtable on financial surveillance and privacy.
Google and Coinbase have collaborated on an AI payment protocol launch. Meanwhile, Elon Musk has launched an AI-driven software company called Macrohard.
The EU has included cryptocurrencies in its sanctions against Russia, while Tether aims for U.S. dominance in the stablecoin market. The US Treasury has launched rulemaking for stablecoin regulation, with the SEC yet to decide on the fate of 92 cryptocurrency ETF filings in the U.S.
Binance Alpha has announced the MAIGA token launch, needing 200 points on Sep 17. Jupiter's Liquidity Pool TVL exceeds $2 billion, and FTX is distributing $1.6 billion to approved creditors in its third payout.
Ethereum (ETH) is currently priced at $3,721.64, holding a market cap of $449.24 billion and a 24-hour trading volume surge of 97.13%. Ethereum is eyeing a new ATH with a $4,880 breakout, as falling ETH reserves signal bullish sentiment.
In the realm of decentralised finance, Ethereum whales are stacking ETH at the fastest pace in years, and Seoul Protocol has undergone an upgrade, strengthening institutional security on Tezos and enabling 63x network efficiency gains.
There's also excitement surrounding the $LIVE Crypto Presale, offering 12x returns on launch, RWA rewards, and a $2.5 million giveaway. Top projects with LET Mining are making crypto investing simple and efficient.
On the regulatory front, the Federal Reserve has tightened interest rates, causing markets to react with record highs. However, the Fed's independence is being stressed amid a lack of reform plans.
In other news, Wyoming has launched a state-issued stablecoin on the Hedera Network, and Bullish Europe has secured a German crypto license for EU expansion. Chinese authorities are targeting a USDT-based Forex crime syndicate, and Sol Strategies has received Nasdaq approval, with trading scheduled to begin on September 9.
Lastly, Aria has raised $15M for its IP tokenization platform, and Mayowa Adebajo, a seasoned freelance writer specialising in creating compelling, high-converting content across diverse industries, continues to make waves in the crypto journalism world.
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