Roman Sterlingov, the founder of long-running cryptocurrency mixer Bitcoin Fog, was convicted by a federal jury in Washington on Tuesday of facilitating the laundering of over 1.2 million bitcoins – worth about $860 million at today’s prices – tied to darknet marketplaces.Source
Momentum behind bitcoin’s rally has waned so expect a period of consolidation, Matrixport analysts noted.Source
The U.K. started a consultation on its money laundering rules on Monday.Source
The Crypto Open Patent Alliance said it will ask U.K. prosecutors to consider pursuing Wright for “perjury” over his defense of forgery allegations.Source
Ether.Fi has shot to the top of the list of crypto’s hottest projects as the biggest liquid-restaking protocol by total value locked, or TVL.Source
Coinbase Inc. (COIN) has accused the U.S. Securities and Exchange Commission of ignoring the law when it rebuffed the company’s formal petition for crypto rules, according to a filing Monday in the U.S. Court of Appeals for the Third Circuit.Source
The rally could be a sign of traders rotating some of their capital to tokens that haven’t moved yet.Source
HODL, VanEck’s spot bitcoin exchange-traded fund (ETF), has so far attracted a little over $305 million in assets, which is far below most of its competitors.Source