The team claims that the network will debut with more than $2 billion in stablecoin liquidity.

[Royal Canadian Mounted Police Seize Over $56 Million in Cryptocurrency and Shut Down TradeOgre Platform] The Royal Canadian Mounted Police (RCMP) Federal Policing East District has announced the completion of the largest cryptocurrency seizure operation in the country's history, involving over $56 million, and for the first time, the shutdown of the cryptocurrency trading platform TradeOgre. The operation began in June 2024, following a lead provided by Europol. Investigations revealed that TradeOgre was not registered as a financial services business with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) and failed to fulfill customer identification obligations. Preliminary findings by the police indicate that the majority of the platform's funds are linked to criminal activities. Currently, related transaction data is under further analysis, and charges may be brought against the parties involved in the future.

[Trump Administration Seeks Supreme Court Ruling on President's Authority to Dismiss Federal Reserve Governor Cook] The Trump administration has formally submitted a request to the U.S. Supreme Court, seeking a ruling on whether the president has the authority to dismiss Federal Reserve Governor Cook. This move could have profound implications for the independence of the Federal Reserve, especially in the current context of highly sensitive economic policies. The appointment and dismissal of Federal Reserve governors are typically subject to strict limitations to ensure the independence of monetary policy. This case could become a landmark in defining the relationship between executive power and the Federal Reserve's independence.

[PayPal Stablecoin PYUSD Launches on Stellar Network] According to Golden Finance, PayPal's stablecoin PYUSD has officially launched on the Stellar network.

[U.S. Senator Questions Whether Binance Complied with Settlement Agreement] According to Bloomberg, U.S. Senator Elizabeth Warren is pressuring the Department of Justice to confirm whether Binance has complied with the settlement agreement reached with federal prosecutors in 2023. The agreement involves money laundering and sanctions violations, with Binance agreeing to pay $4.3 billion and accept compliance oversight. The senator also inquired about details of Binance's interactions with Trump administration officials. Prosecutors are considering whether to allow the removal of compliance oversight requirements in the agreement.