Sanctions evasion networks, guarantee marketplaces, and large-scale money laundering schemes dominated illicit stablecoin use, says TRM Labs. Illicit entities received around $141 billion via stablecoins in 2025, the highest level observed in the last five years, says blockchain analytics firm TRM Labs. TRM said in a report released on Tuesday that the increase doesn’t reflect a broader growth in crypto-enabled crime, but does show a “deeper reliance on stablecoins within specific activity types where they offer clear operational advantages.” Stablecoins have been particularly used in sanctions-linked networks and large-scale money movement services, it said. Read more
Bitcoin developer Matt Carallo says Bitcoiners are looking to “blame something” for the asset’s sluggish price, dismissing quantum fears as the culprit. Bitcoin’s recent sell-off isn’t due to quantum computing fears, because if that were the case, Ether would be soaring, says Bitcoin developer Matt Carallo. “I strongly disagree with the characterization that Bitcoin's current price is materially, because of some kind of quantum risk,” Carallo told journalist Laura Shin on the Unchained podcast on Thursday. “If that were true, then Ethereum would be up substantially on Bitcoin,” he added. Ether (ETH) is down 58% since a major crypto market crash in early October, trading at $1,957 at the time of publication. Read more
Tech investor Jason Calacanis says he’s paying around $110,000 annualized to run an AI agent, more than most US salaries, and it’s not running at full capacity. The high costs of deploying and running artificial intelligence agents in the workforce may prevent them from replacing humans who can do the same work at lower cost, say two multimillionaire tech investors. Tech investor Jason Calacanis said on the All-In podcast on Saturday that he has been paying $300 per day for an Anthropic Claude AI agent to help run his businesses, despite the bot only operating at 10% to 20% of full capacity. “When do tokens outpace the salary of the employee?” Calacanis questioned, referring to the usage allowance, called tokens, that users must purchase to use most AI models. Read more
Bitcoin may stay capped under $70,000 as traders deploy bearish options strategies, and spot BTC ETF outflows point to a retest of the yearly low. Key takeaways: Professional traders are paying a 13% premium for downside protection as Bitcoin struggles to maintain support above $66,000. While stocks and gold remain strong, $910 million in Bitcoin ETF outflows suggest that institutional investor caution is rising. Read more
Blockchain-based versions of US stocks are drawing growing investor activity, with onchain wallets and cross-venue trading expanding rapidly. Kraken’s tokenized equities platform, xStocks, has surpassed $25 billion in total transaction volume less than eight months after launch, underscoring accelerating adoption as tokenization gains traction among mainstream investors. Kraken disclosed Thursday that the $25 billion figure includes trading across centralized exchanges and decentralized exchanges, as well as minting and redemption activity. The milestone represents a 150% increase since November, when xStocks first crossed $10 billion in cumulative transaction volume. The xStocks tokens are issued by Backed Finance, a regulated asset provider that creates 1:1 backed tokenized representations of publicly traded equities and exchange-traded funds. Kraken serves as a primary distribution and trading venue, while Backed is responsible for structuring and issuing the tokenized instruments. Read more
Analysis by Bitcoin services company River forecasts a transaction surge as individuals and businesses experiment with AI agentic payments. Monthly transaction volume on the Bitcoin (BTC) Lightning Network, a secondary layer for BTC that enables payment use cases, surpassed the $1 billion milestone in November 2025, according to a report from Bitcoin financial services company River. Transaction volume on the Lightning Network hit an estimated $1.1 billion in November, across 5.2 million transactions, according to a report shared by Sam Wouters, River’s director of marketing. The report said: However, the total transaction count in 2025 is lower compared with 2023, when monthly Lightning transactions peaked at 6.6 million in August of that year, which River attributed to experiments with micropayments in gaming and messaging apps. Read more
Bitcoin is on course to lock in another negative month, but one analyst says major differences in the current market structure could be a sign of a pending trend reversal. Bitcoin (BTC) is forming what may prove to be a fifth consecutive red monthly candle, which would be the longest losing streak since 2018. The silver lining is that data suggests that March may prove to be a profitable month for BTC. Historical price data from CoinGlass confirms Bitcoin is now facing its fifth consecutive red month, down 15% this month after closing the previous four months in the red. The last time this happened was in 2018, when it entered a bear market after reaching record highs in 2017. Read more