Seoul police have detained a group suspected of laundering the criminal proceeds of a Cambodian crime organization through cryptocurrency. This was reported by Seoul Economic Daily, citing a briefing by the financial crimes unit. According to police, 23 suspects have been detained. Two key figures have been arrested. The group laundered proceeds…

Marathon Digital Holdings, the US public bitcoin-mining company with the largest hashrate, has acquired 1,000 BTC for $66.7 million. The average purchase price was $66,700 per coin. According to the Lookonchain platform, the deal went through FalconX, a trading venue for corporate clients. After this purchase, the volume of bitcoins on the American…

Analysts at market maker Wintermute have said that the crypto market has moved into a consolidation phase after a sharp drop, and that a sustainable recovery is only possible if institutional capital returns. In their view, the current rally is merely a technical bounce, while the key indicators remain flows into spot bitcoin ETFs, stablecoins and…

The French company Capital B plans to launch a credit instrument modeled on Strategy's STRC. According to the firm's director of Bitcoin strategy, Alexandre Laizet, a shareholders' meeting on this matter will be held on June 17. Put to a vote is a mandate to increase capital up to €5 billion and to issue credit instruments with a nominal amount of up to €100 billion…

Cardano's Leios protocol has reached 705,000 lines of code, the testnet is scheduled for June 23, but ADA is trading 94% below its 2021 all-time high, despite the spike in volume.