Trump advisor Epshteyn and others sued by investors for promoting the Meme coin "Let's Go Brandon"

Elliptic reveals 5 exchanges assisting Russia in evading sanctions: ABCeX alone trades $11 billion

Blockchain analytics company Elliptic has identified five cryptocurrency exchanges assisting Russia in evading sanctions, with ABCeX's total trading volume exceeding $11 billion. The report analyzes the operational models of these exchanges, including obfuscating transaction sources and dealings with sanctioned platforms. The European Union plans to impose a comprehensive ban on cryptocurrency transactions with Russia, but enforcement faces challenges. After each round of sanctions, new trading platforms quickly emerge, undermining the effectiveness of the sanctions.

Elliptic: Five crypto trading platforms assist Russia in evading sanctions, filling the gap left by Garantex's closure

Elliptic reports that after sanctions, the Russian crypto trading platform Garantex was seized, and at least five alternative platforms still provide funding channels for sanctioned entities, although most have not yet been sanctioned. Platforms like Bitpapa and ABCeX frequently change wallets to evade monitoring, and research shows that related sanctions evasion activities continue across multiple platforms.

12 Malaysian officers under investigation for forcing the transfer of Chinese citizen's crypto assets

Malaysian authorities arrested 12 police officers for allegedly extorting around 200,000 ringgit (51,000 USD) in crypto from Chinese citizens during a midnight raid. The investigation follows a victim's complaint, highlighting ongoing anti-corruption efforts in Malaysia.

Netherlands imposes heavy penalty on Polymarket! Illegally providing prediction market services, potentially facing a fine of up to 840,000 euros

The Dutch gambling authority Ksa has issued a cease and desist order and fined Polymarket for providing gambling services in the Netherlands without a license, facing a penalty of €420,000 per week, with a maximum of €840,000. This incident has sparked legal controversy over whether prediction markets are considered gambling. Ksa emphasizes that unlicensed platforms are not allowed to operate in the market and that prediction markets may pose social risks, which could influence future regulatory trends.

The U.S. Democratic Party has written to the Secretary of the Treasury requesting a suspension of WLFI review and a thorough investigation into the UAE "Spy Emir"

More than 40 Democratic members of the U.S. Congress have written to the Secretary of the Treasury, requesting an investigation into the Trump family-operated World Liberty Financial (WLFI) and its massive investments with members of the UAE royal family, expressing concerns that political and geopolitical pressures may influence financial regulation. They are calling for a suspension of WLFI's banking charter review to maintain public trust and ensure transparency and independence.

The Netherlands bans Polymarket, deeming it illegal gambling. Prediction markets are facing setbacks across Europe.

The Dutch gambling regulatory authority KSA has classified Polymarket as illegal gambling, requiring it to cease operations locally and imposing a fine of €420,000 per week. The article discusses the legal positioning and regulatory trends of prediction markets, showing that Europe is tightening its stance compared to the more lenient approach in the United States, and emphasizes the regulatory challenges faced by Polymarket and the double-edged sword effect of globalization.