Chinese exile once linked to Trump strategist gets 30-year sentence in $1 billion fraud

A U.S. judge sentenced Chinese businessman Miles Guo, the billionaire behind the fraudulent crypto venture Himalaya Coin, to 30 years in prison, long after a trial jury found the well-connected defendant was guilty of several crimes in 2024. Guo, 55, also known as Ho Wan Kwok and a number of other aliases, was a self-imposed…

ESMA Clarifies Reverse Solicitation Rules Under MiCA

European Union crypto clients should be served through a Markets in Crypto-Assets Regulation (MiCA)-authorized legal entity after the bloc’s July 1 transitional deadline, the European Securities and Markets Authority (ESMA) told Cointelegraph, adding to questions over how global exchanges can keep servicing users in the region. Crypto asset service providers (CASPs) must hold MiCA authorization…

Strategy Plan Splits Views as MSTR, STRC Trade Mixed

Michael Saylor’s Strategy won support from some Wall Street analysts after unveiling a new capital framework, but the changes also sparked debate over the company’s long-term Bitcoin strategy and sustainability. Benchmark Equity Research on Monday reiterated its Buy rating on Strategy’s Class A stock MSTR and maintained a 12-month price target of $570, according to…

StarkWare Releases Quantum-Resistant Roadmap For Starknet

Zero-knowledge scaling company StarkWare has released a quantum-resistant roadmap for Starknet, arguing that other chains will remain exposed if the industry is “too stubborn or stupid” to act. In an announcement on Tuesday, Starknet framed its three-phased quantum-resistant roadmap as evidence that the crypto industry has no excuse for remaining vulnerable to future quantum computing…

Michigan Judge Blocks Kalshi from Allowing Residents to Place Sports Bets

A Michigan judge temporarily blocked prediction market Kalshi from allowing residents to place bets on sporting events, after the state’s attorney general accused the platform of violating gambling laws. Kalshi was hit with a temporary restraining order from Ingham County Circuit Court Judge Rosemarie Aquilina, who said the platform would be fined $120,000 for each…

Bitcoin’s tie to USD/JPY is the strongest it’s been since 2022. Here’s why that matters.

Under the “yen carry trade” framework, a weak yen (USD/JPY rising) is supposed to be accompanied by rising BTC, just as it tends to support stocks. Extending that logic, a strengthening yen should trigger risk aversion in both stocks and cryptocurrencies. That’s precisely what happened in late July/early August 2024, when the Bank of Japan…

Sovereign Funds Buying Bitcoin Dip, MidChains CEO Says

Sovereign wealth funds have been accumulating spot Bitcoin, a sign that Bitcoin’s current price level is becoming attractive to institutional investors, according to MidChains CEO Basil Al Askari. While there has been a slowdown in retail crypto market participation, the opposite is being seen on the institutional and corporate side, Basil Al Askari said on…

Inveniam to Acquire Mantra After Turbulent Year Marked by OM Crash

Data infrastructure company Inveniam Capital Partners announced plans to acquire layer-1 blockchain Mantra and its affiliated entities, deepening its push into tokenized real-world assets (RWAs). The transaction follows a $20 million strategic investment made by Inveniam in Mantra in August 2025, according to a Tuesday announcement. On May 13, Inveniam launched NVNM Chain, a layer…

UK Sets Final Crypto Rules as Firms Face 2027 FCA Authorization Deadline

The UK’s Financial Conduct Authority (FCA) has published its landmark crypto regulatory framework, marking the completion of its crypto roadmap seeking to bring digital assets under the regulator’s purview.  Significant new elements include mandatory licensing for crypto firms, capital stress-testing requirements, improved market manipulation and insider trading rules, as well as simplified capital requirement standards…

Bitcoin Holds $60K As Selling Slows But Bottom May Not Be In

Bitcoin (BTC) trades at an important inflection point as retail investors are selling, big institutions are in a hold despite the discounted valuation and the market is paused at $60,300—awaiting the next significant move. The situation reveals two very different investor groups making opposite bets. Retail investors sell, TradFi watches The general mood is fearful,…