Author: John Smith

A regional UK police force has seized 20.21 Bitcoin and other assets valued at more than $1.4 million after tracing the funds to darknet marketplaces active between 2016 and 2019. Summary Police recovered 20.21 BTC, other cryptoassets, and bank funds valued at £1.03 million. Investigators traced the holdings to unnamed darknet markets that operated from 2016 to 2019. A court forfeited the assets under the Proceeds of Crime Act earlier in 2026. The recovery is the force’s largest since new crypto freezing powers took effect in April 2024. UK police recover 20.21 Bitcoin and other assets Avon and Somerset Police…

INTERPOL has reported 58 arrests, 263 identified suspects and $2.67 million seized after a 22-country operation targeted crypto investment scams, romance fraud and money laundering networks. Summary Operation Jackal IV involved 22 countries across six continents between November 2025 and June 2026. Police arrested 58 people and identified 263 suspects linked to West African organized crime networks. South African authorities seized $2.67 million and blocked 257 bank accounts after raids in Johannesburg. Romanian police arrested 11 suspects in an investment scheme linked to an estimated €143 million. According to an official INTERPOL release published on Aug. 25, Operation Jackal IV…

Nine consecutive sessions of net inflows have narrowed the gap with Bitcoin ETFs to almost nothing. But spot volume tells a different story, and one that matters more. Summary U.S. spot Ethereum ETFs recorded $225.8 million in net inflows on August 28, their strongest single day in 10 months, extending a buying streak to nine consecutive sessions worth $1.42 billion. BlackRock’s ETHA fund absorbed $1.02 billion of that total, or 72% of all category flows, without missing a single day of net buying across the entire run. The gap between Ethereum and Bitcoin ETF daily inflows narrowed to just $16.5…

Crypto and blockchain companies disclosed $184.1 million across eight funding rounds between Aug. 22 and Aug. 28, led by RQD* Clearing’s $74 million growth investment. Summary Eight crypto and blockchain projects disclosed a combined $184.1 million in new financing. RQD* Clearing secured a $74 million minority growth investment led by Bain Capital. Fasset raised $68 million in Series C funding at a $1 billion valuation. Hivemind Digital Group completed a $17 million strategic round led by M&G Investments. Infrastructure, stablecoin banking, and onchain trading attracted most of the disclosed capital. Stablecoin neobank Fasset followed with a $68 million Series C…

A three-judge federal appeals panel has rejected Kalshi’s attempt to block Nevada gaming regulators from enforcing state laws against its sports event contracts. Summary The Ninth Circuit found that Kalshi’s sports contracts are likely bets rather than swaps. The 3-0 ruling allows Nevada to enforce its gaming laws while litigation continues. The decision conflicts with an April ruling involving New Jersey and Kalshi. Nevada’s challenge to Kalshi’s election contracts will return to the district court. The U.S. Court of Appeals for the Ninth Circuit ruled on Aug. 28 that Kalshi had not shown the Commodity Exchange Act likely overrides Nevada’s…

HyENA has announced plans to close every market between Aug. 31 and Sept. 2 after processing more than $4 billion in trades for over 12,000 users. Summary HyENA will remove one market each hour from Aug. 31 through Sept. 2. Open positions will settle automatically, while margin will return to users’ spot balances. HLPe depositors can redeem their holdings and earned rewards through Upshift at a 1:1 rate. HyENA generated nearly 2.5 million USDe in rewards but will not issue a token. HyENA will remove markets over three days HyENA said in an Aug. 28 shutdown announcement that it would…

A Bitcoin wallet linked to convicted Irish drug dealer Clifton Collins has transferred 500 BTC worth about $39.56 million to Coinbase Prime after the coins were reportedly inaccessible because their private keys had been lost. Summary 500 BTC, worth approximately $39.56 million, was sent to Coinbase Prime. The transfer came from a group of wallets linked to Clifton Collins’ 6,000 BTC stash. Irish authorities had recovered 1,500 BTC from the wallet group by July. A Coinbase Prime deposit does not confirm that the transferred Bitcoin has been sold. Collins-linked Bitcoin has moved to Coinbase Prime Lookonchain said in an Aug.…

North Korea-linked Lazarus Group has transferred 244.148 Bitcoin worth about $19.42 million, bringing fresh attention to wallets associated with one of the crypto industry’s most active hacking operations. Summary Lazarus Group transferred 244.148 BTC worth about $19.42 million, according to Lookonchain. The transaction’s destination and connection to any earlier theft remain undisclosed. Another Lazarus-linked wallet moved 262.2 BTC to a new address earlier in August. U.S. sanctions generally prohibit Americans from dealing with property linked to the Lazarus Group. Lazarus Group moves 244 BTC between wallets Lookonchain reported the transfer in an Aug. 28 X post, saying wallets attributed to…

Bullish has provided USD.AI with a $100 million stablecoin debt facility to fund loans secured by graphics processing units used in artificial intelligence infrastructure. Summary Bullish will supply $100 million in stablecoin liquidity for GPU-backed loans. USD.AI offers non-recourse financing secured solely by computing hardware. Bullish plans to list sUSDai and support trading through a market-making program. Bullish shares have gained about 45% over the past month. Bullish said in a Friday announcement that the facility will give USD.AI capital to finance operators purchasing high-performance computing equipment, extending the exchange operator’s exposure to tokenized assets and AI infrastructure. Developed by…

Tokenized gold has moved deeper into crypto lending after Aave’s XAUT-backed debt reached a $25 million ceiling and Arch Lending added loans against the two largest gold tokens. Summary Aave’s $25 million XAUT debt ceiling was fully used before additional capacity filled within 24 hours. Arch’s Himanshu Sahay said investors increasingly want to use tokenized gold instead of passively holding it. Arch now accepts PAXG and XAUT as collateral for loans at up to 75% LTV. Borrowers retain their gold exposure but face interest, liquidation, custody, and issuer risks. Arch co-founder and chief technology officer Himanshu Sahay told crypto.news that…