What are the charges against Delio’s CEO? South Korean prosecutors have requested a 20-year prison sentence for Jeong Sang-ho, CEO of crypto asset deposit platform Delio, over allegations tied to the misappropriation of digital assets valued at around 250 billion won ($168.5 million). The request was made during closing arguments at the Seoul Southern District
Citadel, the global multi-strategy hedge fund led by Ken Griffin, has officially received the necessary regulatory approvals to commence operations in Dubai, United Arab Emirates. This milestone marks the firm’s formal expansion into the Middle Eastern market, establishing the Dubai International Financial Centre (DIFC) as its regional hub. The move is designed to strengthen Citadel’s
In November 2025, World Liberty Financial (WLFI), a decentralized finance protocol co-founded by the Trump family, announced a strategic partnership with the AB DAO blockchain ecosystem to deploy its USD1 stablecoin on the AB Chain network. The collaboration was positioned as a major effort to enhance the scalability and utility of the USD1 asset, leveraging
Crypto exchange-traded funds recorded net outflows in the latest trading session, with U.S.-listed spot Bitcoin ETFs posting a combined $89.7 million in redemptions, according to compiled fund flow data. The reversal followed a multi-session run of positive inflows earlier in the month, suggesting institutional investors adopted a more cautious near-term stance. The negative session was
Judge Kaplan Rejects Bankman-Fried Bid for New Trial Why Did the Court Reject the New Trial Request? US District Judge Lewis Kaplan has denied Sam Bankman-Fried’s request for a new trial, rejecting claims that new evidence showed the now-bankrupt FTX exchange was solvent. In an order filed Tuesday in the US District Court for the
Key Facts Mezo, the Bitcoin-native finance platform built by Thesis, has launched Mezo Prime, an institutional product offering yield and lending against held Bitcoin. Custody is provided by Anchorage Digital Bank, the first federally chartered digital asset bank in the United States, and the product is available directly through the Anchorage Digital platform to its
The Rise of Crypto Payments in Physical Stores In 2026, more payment companies and merchant service providers are testing ways to bring digital asset payments into physical retail, especially for sectors that serve international customers, high-spending buyers, and digitally native audiences. Recent reporting on the WalletConnect and Ingenico partnership described a model designed for physical
What Led to the Sentencing of Maximilien de Hoop Cartier? A US court has sentenced Maximilien de Hoop Cartier to 8 years in prison for operating an unlicensed over-the-counter crypto exchange that prosecutors said laundered more than $470 million in illicit proceeds. Cartier, a descendant of the Cartier luxury jewelry family, pleaded guilty to operating
Key Facts Stables and eStable announced a strategic partnership in Singapore on 29 April 2026 to integrate institutional-grade banking infrastructure and local stablecoin issuing across Asia. The integration extends Stables beyond USDT corridors into institutional fiat settlement and direct minting of local-currency stablecoins, all backed by USDT and Tether’s Hadron tokenisation platform. According to both
Key Facts Real Finance announced a strategic partnership with Vienna-based Wiener Privatbank to build a regulated institutional framework for participation in the REAL blockchain, an EVM-compatible Layer-1 designed for real-world asset (RWA) tokenisation. Wiener Privatbank will provide custody of client funds, reserve safeguarding, and support for euro-denominated asset origination, with all client funds held in