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In a major crackdown, KuCoin has pleaded guilty to violating U.S. anti-money laundering (AML) laws, agreeing to pay $297 million in fines and exit the U.S. market for at least two years. The China-based crypto exchange admitted to operating an unlicensed money-transmitting business and failing to implement proper know-your-customer (KYC) protocols.

Billions in Suspicious Transactions

According to the U.S. Attorney’s Office, KuCoin processed over $5 billion in illicit funds and transmitted more than $4 billion in suspicious transactions. The exchange allegedly facilitated transactions ti

Shytoshi Kusama, the key figure behind the Shiba Inu (SHIB) ecosystem, has announced his resignation as the project’s leader. However, rather than stepping away completely, Kusama will take on a new role as the lead ambassador for Shiba Inu. This transition comes as the SHIB ecosystem continues to expand its presence in the Web3 industry.
From Meme Coin to Web3 Powerhouse
Reflecting on the project’s evolution, Kusama highlighted how Shiba Inu has transformed from a simple meme coin into a full-fledged Web3 ecosystem. Under his leadership, ShibaSwap, Shibarium, and key tokens like BONE, LEAS

Ethereum (ETH) has struggled to capitalize on the recent bullish momentum in the cryptocurrency market, failing to make significant upside moves. Analysis by ShayanBTC, a contributor to CryptoQuant, highlights key factors affecting Ethereum's performance and its path forward.

Funding Rates Signal Waning Trader Interest

A major factor impacting Ethereum’s momentum is fluctuations in funding rates, a critical indicator of demand in the derivatives market. While these rates initially spiked during the crypto rally, they sharply declined after Ethereum hit resistance at $4,000.

The initi

According to Whale Alert, a platform that tracks significant cryptocurrency transactions, Ripple has conducted a massive transfer of $682 million worth of XRP to an unidentified wallet. This marks the company’s first significant transaction since December 21, when it moved over $200 million XRP across two transfers.

The scale of this transfer surpasses the total amount of XRP Ripple moved throughout December 2024, raising questions about the company's strategy for its native token. Some industry experts suggest such large movements may reflect internal planning and restructuring as Ripple

Metaplanet Inc., often dubbed the “Asian MicroStrategy,” has announced its fourth series of ordinary bonds valued at ¥4.5 billion ($30 million). The funds raised will once again be directed toward acquiring more Bitcoin (BTC) as part of the company’s ongoing investment strategy.
Bitcoin Acquisition Strategy Continues
Metaplanet has been consistently purchasing Bitcoin for the past eight months, leveraging low-interest borrowing to expand its holdings. The latest bonds, set at an annual interest rate of 0%, are expected to mature on June 16, 2025. Profits from previously issued warrants will

Nick White of Celestia recently critiqued the over-reliance on decentralization in blockchain governance, emphasizing the need for verifiability. White argued that even a decentralized committee still functions as an intermediary, sparking a deeper conversation about blockchain's core principles.
Ethereum co-founder Vitalik Buterin backed this perspective, asserting that Ethereum must maintain its trustless, verifiable, and democratized framework to avoid replicating centralized systems. Buterin highlighted that achieving high verifiability alongside user experience is challenging but crucia

CZ and Hayes, known for their advocacy of decentralized finance, are closely aligned in their commitment to decentralization within the industry. CZ, recently stepping back from day-to-day Binance operations, continues to champion decentralized financial models and the resilience of the crypto community. His recent conversations with Ethereum co-founder Vitalik Buterin underscore his ongoing engagement with decentralization. Similarly, Hayes, now more focused on writing and investing, has also voiced support for decentralized financial systems, echoing these sentiments in his economic analyse

In addition to his criticisms of the broader crypto landscape, Gensler poured cold water on the idea of Bitcoin becoming a widely adopted means of payment. He pointed out that, while Bitcoin was originally envisioned by its creator Satoshi Nakamoto as a "peer-to-peer cash system," it has not gained significant traction as a viable alternative to fiat currencies like the U.S. dollar.
Although there were initial signs of merchant adoption, such as BitPay's surge in activity in 2013, Bitcoin's potential as a mainstream payment method has largely fizzled. In 2017, Morgan Stanley reported a decli

A long-dormant Bitcoin whale has resurfaced, moving a significant amount of Bitcoin that had been untouched for over a decade. According to Whale Alert, "A dormant address containing 81 BTC worth $5,189,542 was activated after 10.9 years." This BTC stash, originally valued at just $44,707 in 2013, has seen an astounding 11,507% increase in value over the years.
The reasons behind the wallet's sudden activation remain unknown. The holder may be preparing to sell, discovered long-lost keys, or simply moved the stash to a more secure wallet. This move follows recent trends of dormant Bitcoin wa