U.S. Treasury moves to cut off crypto exchange MEXC over $16 billion in alleged illicit flows
Treasury billed the move as part of its campaign against Iran, but the order rests on MEXC's alleged role in Russian illicit finance. Source:CoinDesk
Gnosis Pay breach exposes card numbers, home addresses and linked crypto wallets
One user said the exposed data tied his home address and card number to every crypto wallet linked to his account, raising the risk of targeted scams.…
Ex-FBI counterintelligence agent stole almost $2.5M in crypto
Yaroch paid off his debts and intended to use the proceeds to finance a new life in Portugal, where he planned to buy a vineyard. Source:Cointelegraph
US sanctions Canadian money-exchange firms over Iran ties
US also offers as much as $20 million and possible relocation for information about Iran’s nuclear program. Source:Cointelegraph
Suspicious prediction market activity seen before election poll release: NYT
Bets were placed shortly before two recent New York Times/Siena political polls were released to the public, according to a report. Source:Cointelegraph
Elon Musk opens the door for a big SpaceX acquisition
The rocket and satelliteinternet company is looking to challenge telecom giants. Source:MarketWatch
US Treasury cuts off MEXC over alleged $16B in illicit transactions
The US Treasury bureau FinCEN on Friday ordered US financial institutions to stop processing transfers involving MEXC Global. Source:Cointelegraph
Micron’s stock is dirt cheap — and that’s igniting a fierce online debate
Valuation purists see a ridiculously inexpensive stock, but some semiconductor investors say Micron’s earnings power won’t hold up. Source:MarketWatch
Gnosis Pay breach exposes card details, personal data and crypto wallet information
The crypto debit card provider said customer funds remained safe despite the exposure of sensitive financial and personal information. Source:Cointelegraph
US 401(k) proposal leaves door open to altcoins, but hurdles remain
While the proposal doesn’t exclude altcoins and smaller cryptocurrencies, experts say they could face challenges getting into retirement plans.…
DraftKings’ expensive bet on prediction markets is crushing its stock
Shares of the online betting platform slid more than 26% on Friday, as analysts worry about regulation and competition. Source:MarketWatch
U.S. prediction markets regulator issues demand that clashes directly with courts
The Commodity Futures Trading Commission said regulated exchanges can't cut off customers statebystate, but firms like Kalshi are under court orders to do so.…