Another week, another crypto recap. Here are the five stories that shaped the conversation this week.
Kraken Connects Crypto Directly to the Federal Reserve The Federal Reserve payment system became accessible to Kraken through its special banking charter which enables the company to conduct dollar transactions between cryptocurrency and traditional banking systems.entials worldwide, marking one of the biggest coordinated crackdowns on online fraud groups.
The Global Phishing Machine Finally Broke International authorities disrupted a large-scale phishing network responsible for stealing crypto and financial credentials worldwide, marking one of the biggest coordinated crackdowns on online fraud groups.
Western Union and Crossmint Team Up for Solana Stablecoin Western Union partnered with Crossmint to explore stablecoin payments on Solana which will improve their ability to conduct cross-border transfers.
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Tether Freezes $4.2 Billion in USDT Tied to Illicit Activity Tether reported freezing $4.2 billion in USDT linked to illegal transactions which demonstrates the stablecoin sector’s increasing compliance efforts.
The Global Phishing Machine Finally Broke Authorities confirmed that the same global phishing infrastructure had been dismantled after years of targeting crypto users, cutting off a major tool used in digital asset theft.
This week showed stronger links between crypto and traditional finance, while enforcement actions delivered a serious hit to global cybercrime networks.
