Bloomberg ETF analyst James Seyfart announced on X platform that Defiance ETFs have submitted an application for a money market ETF that complies with the GENIUS Act. This fund aims to meet the investment needs of stablecoin issuers for qualified reserve assets.

According to Bloomberg, the US Treasury Department has imposed sanctions on Armando de Jesus Ojeda Aviles and his accomplices of the Sinaloa drug trafficking group, accusing them of transferring drug trafficking proceeds to Mexico through cryptocurrency. The Ministry of Finance stated that the network utilizes American couriers to collect cash and complete transfers through digital currency addresses. In addition, in April 2024, a federal grand jury in Colorado indicted his accomplice Rodrigo Alarcon Palomares on charges of involvement in laundering drug proceeds.

OKX-BTC/USDT is currently trading at $77999, with a 5-minute increase of 0.20%. Please be aware of market fluctuations.

Cryptocurrency custody company Copper is seeking a sale at a valuation of approximately $500 million, with Cantor Fitzgerald assisting with the sale process. The ClearLoop settlement system for core assets supports delivery and payment within the custody environment, reducing settlement risks. Copper has closed its enterprise custody business and focused on ClearLoop services, with a monthly nominal trading volume exceeding $50 billion and serving over 1000 active counterparties.

[Anchorage-Linked Wallet Withdraws 142,300 HYPE and Stakes Them] According to on-chain analyst Onchain Lens (@OnchainLens), an Anchorage-linked wallet withdrew 142,300 HYPE (valued at approximately $7.38 million) from Gate and OKX. Over the past month, it has accumulated a total purchase of 2.53 million HYPE (valued at approximately $140 million), all of which have been staked.