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US President Trump has stated that next year will be the 'largest tax refund season in history'. (Watcher.Guru)
Bitcoin rose since midnight UTC, while remaining locked in the $86,000-$90,000 range. Against gold, however, it's still falling. What to know : Bitcoin's price remains volatile, trading between $86,000 and $90,000, while its ratio to gold hit a low not seen since January 2024. Funding rates for several major tokens have turned negative, indicating a buildup of short positions in the futures market. Yearn Finance's YFI token dropped nearly 6% after the yield aggregator suffered a $300,000 exploit from a legacy smart contract, its second attack this month.
[Argentine Police Uncover Cryptocurrency Scam and Money Laundering Ring Involving Over $1.2 Billion] Under the coordination of the National Security Ministry and the Federal Investigation Department (DFI), Argentine police have dismantled a criminal organization involved in cryptocurrency scams and money laundering. The organization caused economic losses exceeding 1.8 trillion Argentine pesos (approximately $1.2 billion), with victims primarily concentrated in the agricultural sector. The case began in October 2025, where those involved used fake documents to open accounts and obtain loans, transferring the funds to cryptocurrency company accounts and converting them into virtual assets. The operation resulted in the arrest of three men and the seizure of cash and electronic devices.
[Argentine Police Uncover Crypto Money Laundering Network Involving Approximately 1.8 Trillion Pesos and Arrest Three Individuals] The Argentine police have dismantled a criminal network accused of using forged documents to obtain loans from private banks, transferring the funds to crypto platforms to exchange for crypto assets, and moving them to digital wallets. Some transactions were disguised under the pretense of 'crypto arbitrage.' Authorities confirmed that the amount involved exceeds 1.8 trillion Argentine pesos (approximately $12 billion USD), with victimized companies primarily in the agribusiness sector. The individuals involved were not registered with the local PSAV. Judicial authorities conducted eight raids in the City of Buenos Aires, Buenos Aires Province, and Santa Fe Province, arresting three individuals and notifying two others. Cash, electronic devices, and related materials were seized.
[glassnode Analyst: Long-term BTC Holders Increasing Selling Pressure] glassnode analyst Chris Beamish, referencing the 'Net Position Change of Bitcoin Long-term Holders' data, stated that current long-term BTC holders are continuing to distribute. With sustained supply entering the market, long-term BTC holders are increasing their selling pressure.
[Argentine Authorities Uncover $1.2 Billion Cryptocurrency Fraud and Money Laundering Case] Argentine authorities have uncovered a fraud and money laundering case involving cryptocurrency, with the amount involved exceeding 1.8 trillion Argentine pesos (approximately $1.2 billion). The primary victims were agricultural businesses. The criminal organization forged documents to obtain bank loans, transferred the funds to cryptocurrency trading platforms to convert them into virtual assets, and then moved them into digital wallets. They used third parties to simulate arbitrage transactions to cover their tracks. None of the individuals involved were registered with the Argentine National Securities Commission.