A February report claimed that Tether had frozen about $4.2 billion worth of its USDt stablecoin allegedly connected to illicit activities since 2023. The US Justice Department is seeking to recover about $327,829 worth of stablecoins allegedly connected to a money laundering scheme part of an online romance scam. In a Monday notice, the US Attorney's Office for Massachusetts said it had filed a civil forfeiture action to recover more than 327,829 of Tether's USDt (USDT). According to authorities, the funds were tied to an alleged online romance fraud scheme perpetrated by an individual named “Linda Brown” which targeted a Massachusetts resident starting in 2024. “Some of the victim’s funds were traced to multiple unhosted cryptocurrency wallets, which were seized in August 2025,” said the Justice Department. “The complaint alleges that all cryptocurrency associated with those wallets was property involved in money laundering.” Read more
Month over month Bitcoin open interest continues to decline, while BTC options markets highlight balanced demand. Does the data point to reduced institutional investor activity? Key takeaways: Bitcoin futures demand has hit its lowest level since 2024, signaling that many institutional traders are staying cautious. Despite lower confidence from bulls, high CME open interest suggests that major institutions have not left the market. Read more
TD Securities' Reid Noch sees the exchange's tokenized-equities plan as a “market structure” moment, a sign that Wall Street is taking tokenization seriously. TD Securities, a major Canadian investment bank with operations across North America, says tokenization may be approaching an institutional turning point following the New York Stock Exchange’s push into tokenized equities. In recent commentary, TD Securities Reid Noch, vice president for electronic trading, said tokenization is beginning to carry real implications for market structure, pointing to the NYSE’s proposed tokenized equities alternative trading system (ATS) as a key development. The planned platform would enable 24-hour trading and near-instant settlement of tokenized stocks and exchange-traded funds (ETFs), subject to regulatory approval. Read more
Bitfinex Securities will restart USDt-denominated bond issuances on Bitcoin’s Liquid Network, following four previous tokenized offerings totaling $6.2 million since 2023. Bitfinex Securities said on Monday it will resume issuing tokenized bonds for Luxembourg-based securitization fund ALTERNATIVE, with future sales expected to exceed $10 million. The USDt-denominated bonds will be issued and settled on the Liquid Network, a Bitcoin sidechain, with fundraising, coupon payments and principal repayments executed fully onchain. The move follows four prior tokenized bond issuances since 2023 totaling $6.2 million, three of which have matured and been fully repaid, representing about $1 million in principal returned to investors. Read more
Chainlink’s protocol enables Coinbase’s cbBTC to move from Base to Monad, boosting Bitcoin-backed liquidity into the layer-1’s DeFi ecosystem. Chainlink has enabled transfers of Coinbase’s wrapped Bitcoin token, cbBTC, from Base to the Monad blockchain using its Cross-Chain Interoperability Protocol, enabling more than $5 billion worth of cbBTC to move into the Monad ecosystem. According to Monday’s announcement from Monad, the integration brings cbBTC into the Monad DeFi ecosystem, where a bevy of applications, including Curvance and Neverland, are adopting cbBTC markets. The move introduces Bitcoin-backed liquidity to lending, borrowing, and other decentralized finance (DeFi) applications on Monad, an EVM-compatible layer-1 blockchain designed for high-throughput trading and financial use cases. Read more
While the White House has hosted three meetings to discuss how to address stablecoin yield in the Senate's market structure bill, there are no signs of a solution. While US Senate lawmakers have been working to pass a comprehensive digital asset market structure bill since July, some industry observers in Washington say progress could be “on hold” due to government gridlock. Since the House of Representatives passed the CLARITY Act last summer and sent the legislation to the other chamber, lawmakers have faced a historically long government shutdown, partisan divides on ethics and debates over stablecoin yield that have likely slowed progress on the bill, which could be further hampered by the upcoming US midterm elections in November. Eight months ahead of the midterms, one version of the market structure bill focused on commodities regulations has passed the Senate Agriculture Committee, while members of the Senate Banking Committee have yet to address a bill on securities laws and regulations after the pan...
The Bitcoin financial services company retired $66.3 million in convertible debt, reducing dilution risk as it expands its BTC rewards business. Fold, a publicly traded Bitcoin financial services company, has eliminated $66.3 million in convertible debt, removing a potential source of share dilution and simplifying its balance sheet as it prepares to expand its product lineup. In a recent disclosure, Fold said it retired two outstanding convertible notes, which are debt instruments that can be converted into equity at a later date. By paying them off, the company reduces the risk that new shares would be issued in the future, which may dilute existing shareholders. Fold also said it released 521 Bitcoin (BTC) that had been pledged as collateral against the debt. With the notes retired, those Bitcoin holdings are no longer encumbered and can now be used for corporate purposes. Read more