Author: John Smith

A federal jury has convicted Las Vegas businessman Brent Kovar of fraud and money laundering after prosecutors said his Profit Connect operation collected $24 million from at least 400 investors through false claims about cryptocurrency mining, investment returns and company reserves. Summary Brent Kovar was convicted of fraud and money laundering over a $24 million crypto Ponzi scheme. Profit Connect collected funds from at least 400 investors with promises of 15% to 30% annual returns. Prosecutors said investor money funded the business, personal purchases and repayments to earlier investors. Kovar faces a statutory maximum of 280 years in prison and…

The CFTC entered the criminal Polymarket case against U.S. Army soldier Gannon Ken Van Dyke on Aug. 24 after a federal judge granted the regulator permission to file an amicus brief. Summary Judge Margaret Garnett allowed the CFTC to file its contested amicus brief on August 24. Van Dyke may answer new CFTC arguments through a ten-page filing due September 9, 2026. Prosecutors allege thirteen Polymarket wagers generated approximately $409,881 using classified information before Maduro’s capture. The defense argues geopolitical event contracts are bets rather than swaps governed by federal commodities law. CFTC civil proceedings remain stayed pending resolution of…

The U.S. Treasury Department has launched Operation Economic Outcast to target Iran’s international financial links, including cryptocurrency activity that American officials say supports sanctions evasion and the Islamic Revolutionary Guard Corps. Summary Operation Economic Outcast covers cryptocurrency, technology, gold, aviation, shipping and other financial channels. OFAC can sanction people operating in Iran’s crypto sector, regardless of where they are based. Treasury says Iran uses digital assets to support transactions linked to the IRGC and government insiders. Bitcoin remained near $79,000 after briefly testing the psychological $80,000 level. Operation Economic Outcast targets Iran’s financial links The U.S. Treasury Department said President…

Coinbase has brought four 1:1-backed U.S. stock products to Base, allowing eligible non-U.S. investors to trade Apple, NVIDIA, Meta and Alphabet exposure around the clock. Summary Four Coinbase tokenized stocks have launched on Base under the network’s B20 standard. Each token represents a beneficial interest in a real share held in segregated regulated custody. Eligible holders can trade the tokens or use supported products in Base-based lending and DeFi protocols. The securities remain unavailable to U.S. persons and have not been registered under the U.S. Securities Act. Base said in an Aug. 25 announcement that Coinbase Tokenized Stocks are now…

Super League Enterprise has raised approximately $2.23 million through its first at-the-market stock offering since announcing a deal that would turn the Nasdaq-listed company into Metaplanet’s U.S. Bitcoin treasury platform. Summary Super League sold 475,598 shares for approximately $2.23 million in gross proceeds. The company has opened another $2.27 million of capacity under the ATM program. Metaplanet plans to contribute 2,100 BTC and $2.5 million to the company. Super League is expected to become Superplanet after the transaction closes. According to an Aug. 21 prospectus amendment filed with the U.S. Securities and Exchange Commission, Super League sold 475,598 common shares…

Coinbase-backed Stand With Crypto has endorsed 32 House lawmakers seeking reelection in November after each supported the CLARITY Act during its passage through the chamber last year. Summary Stand With Crypto endorsed 32 incumbent House members from both major parties. Every endorsed lawmaker voted for the CLARITY Act when it passed the House. The group says it has more than 3 million registered advocates across the United States. Crypto groups have committed close to $200 million during the 2026 midterm cycle. Stand With Crypto ties 32 endorsements to CLARITY vote Reuters reported Monday that Stand With Crypto had selected 32…

Zcash price surged more than 70% over the past week to an eight-year high near $885 before retreating below $820, as Grayscale’s ETF conversion plan and an NU7 governance vote drew traders toward ZEC. Summary ZEC reached its highest price since 2018 after breaking above the major $750 resistance level. Grayscale’s amended filing seeks to convert its Zcash Trust into an NYSE Arca-listed spot ETF. NU7 voting eligibility was determined by the shielded ZEC held during an August 24 network snapshot. Technical charts show support near $812 and $750, while $875 remains the immediate resistance. Zcash price pulls back after…

Two U.S. crypto trade groups have sued three Illinois officials to stop a 0.2% digital asset tax from taking effect on Jan. 1, 2027. Summary The Blockchain Association and Crypto Council for Innovation want the court to block the tax before its 2027 start. The complaint alleges violations of the U.S. Constitution, the Illinois Constitution, and the federal Internet Tax Freedom Act. Brokers could face registration, collection, reporting, and recordkeeping duties backed by civil and criminal penalties. The Digital Chamber filed a separate lawsuit against the same tax in July. Illinois crypto tax faces six legal claims The 39-page complaint,…

CleanCore Solutions has sold substantially all of its 463 million Dogecoin holdings for about $33.4 million as it redirects capital toward AI infrastructure while a $100 million stock offering has more than doubled its outstanding share count. Summary CleanCore sold substantially all of its 463 million DOGE holdings for about $33.4 million on July 20. The proceeds were redirected toward the company’s AI infrastructure business, ending its Dogecoin treasury strategy. A $100 million stock offering increased CleanCore’s outstanding shares by about 121.9% to 502.1 million. Warrants covering another 524.2 million shares could result in additional dilution if exercised. CryptoSlate, citing…

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Flowra has launched its Open Orderflow Auction for Solana, introducing an open block-building system that allows registered searchers to compete for transaction inclusion while giving validators greater control over blockspace and MEV revenue. Summary Flowra’s Open Orderflow Auction lets registered searchers compete transparently for transaction inclusion on Solana blocks. Flowra’s single-validator test raised compute units per block by 20.6%, with comparable block fees higher. Programmable Block Policy lets validators set inclusion rules and support compliance screening without protocol changes.…