The US Department of Justice warns prosecutors that Binance's cooperation may decrease

According to Bits.media, Russia's largest private bank Alpha Bank plans to become a digital custodian and provide cryptocurrency related services to customers and other legal entities. Dmitry Vitman, the Operations Director of Alpha Bank, stated that the bank hopes to create investment tools based on open blockchain to attract foreign investors and develop its own products and tools. Dmitry Vitman predicts that large-scale cryptocurrency liquidity in Russia will emerge no earlier than the end of 2027. Digital custody institutions are responsible for monitoring customers' encrypted transactions and freezing transfers to addresses that have not been approved by the state.

According to on chain analyst Yu Jin's monitoring, Giant Whale, which bought Binance Life in the early stages and obtained a return of about 5000 times, took a profit of 7 million Binance Life coins (4.95 million US dollars), of which 6.9 million coins (4.88 million US dollars) were transferred to Binance, and 100000 coins (70000 US dollars) were sold on the chain for BNB. The giant whale bought 18.5 million Binance coins for 2.14 BNB ($2480) in October last year, and started taking profits in June. It has sold 10.5 million coins ($7.33 million) and still holds 8 million coins ($5.71 million) on the chain, with a cumulative profit of over $13 million.

According to Bits.media, the Russian State Duma has passed a bill on first reading, imposing criminal penalties on illegal cryptocurrency exchange activities without registration and permission. Illegal exchange organizers face fines ranging from 100000 to 300000 rubles or penalties of one to two years' income. The court may sentence them to forced labor or up to four years in prison, with an additional fine of up to 80000 rubles. Organized groups that carry out or generate income exceeding 3.5 million rubles can be sentenced to up to five years in prison and a fine of 1 million rubles. The bill stipulates that the punishment will take effect on July 1, 2027.

[Positron Seeks $750 Million in Funding, Valuation Up to $5 Billion] According to Bloomberg, AI chip startup Positron is in talks to raise $750 million in two stages, with a valuation of $3.5 billion in the first stage and up to $5 billion in the second stage.

According to Bitcoin.com News, Coinbase has been granted investment service authorization in the UK to provide cryptocurrency, stock, and derivative services on the same platform and login system. This authorization is issued by the UK Financial Conduct Authority under the MiFID framework, allowing Coinbase to provide investment services and trade financial instruments such as stocks and derivatives. Advanced traders on Coinbase will have access to perpetual futures related to cryptocurrencies, stocks, and commodities, retail investors will be able to trade stocks, stablecoin payments, savings, lending, cryptocurrencies, derivatives, and stocks will also be offered on Coinbase, and tokenization of real-world assets is planned. Coinbase also holds a UK electronic currency institution license and a registration as a cryptocurrency service provider.