USDC Controversy: A Legal Challenge for Stablecoin Giant Circle

The post Tether Expands Its Footprint in Latin America With a $20 Million Investment in Mercado Bitcoin appeared on BitcoinEthereumNews.com. Key Takeaways Tether invested $20M in Mercado Bitcoin, accelerating the expansion of Latam on-chain payment infrastructure. Mercado Bitcoin will deploy the capital to build tokenized assets, securing a wider footprint across Latam. Brazil is advancing stablecoin regulations, providing clear rules that attract global institutional funds. Tether Announces $20 Million Strategic Investment in Mercado Bitcoin Latam markets and the companies regulated to serve them are attracting the attention of global companies seeking to establish an institutional foothold in the region. Tether, the global stablecoin company, disclosed a $20 million investment in Mercado Bitcoin, a Brazilian financial services company, as part of a strategic growth financing round that also included SoftBank. With these funds, Mercado Bitcoin will bankroll expansion improvements in i

The stablecoin giant announced that this investment will support Mercado Bitcoin’s expansion efforts in payment infrastructure, tokenized investment offerings, lending and credit, and on-chain capital markets. The move follows several capital injections by the company for several Latam-focused initiatives. Tether Announces $20 Million Strategic Investment in Mercado Bitcoin Latam markets and the companies regulated to […]

The post Operation First Light 2026 Hits Crypto Launderers, 5,811 Arrested appeared on BitcoinEthereumNews.com. INTERPOL coordinated arrests across 97 countries in a four-month anti-fraud operation. Authorities intercepted $293 million in fiat and crypto assets. One Thai suspect’s wallet processed over $122.5 million in romance scam proceeds. China’s Ministry of Public Security funded the operation, raising political questions. INTERPOL announced on July 9 that Operation First Light 2026, a coordinated anti-fraud campaign involving 97 countries and territories, produced 5,811 arrests and intercepted $293 million in illicit assets between January 15 and April 30. The operation targeted social engineering fraud, the family of scams that manipulates human trust rather than software vulnerabilities, along with the laundering infrastructure that moves the proceeds. Investigators identified over 142,000 victims worldwide in a four-month window, and the recovered funds cover only a small frac

INTERPOL coordinated arrests across 97 countries in a four-month anti-fraud operation. Authorities intercepted $293 million in fiat and crypto assets. One Thai suspect’s wallet processed over $122.5 million in romance scam proceeds. China’s Ministry of Public Security funded the operation, raising political questions. INTERPOL announced on July 9 that Operation First Light 2026, a coordinated [...]

The post Cronos (CRO) Data Now Live on Dune for Onchain Insights appeared on BitcoinEthereumNews.com. Peter Zhang Jul 09, 2026 13:35 Cronos network data is now accessible on Dune, enabling real-time analysis of stablecoin flows, tokenized assets, and smart contract activity. Cronos, the Layer-1 blockchain developed by Crypto.com, is now fully integrated with Dune, the popular blockchain analytics platform. This move allows anyone to analyze Cronos’ real-time onchain activity, including stablecoin flows, tokenized stock settlements, and smart contract interactions. For traders, institutions, and developers, the ability to access and visualize this data in a standardized format represents a significant advantage, especially as Cronos pivots toward tokenized assets and institutional use cases. With over 150 million registered users globally, Crypto.com has positioned Cronos as a settlement layer for stablecoins, tokenized assets, and decentralized finance (DeFi). The blo

The post Binance stablecoin outflows hit $115 million a day as liquidity weakens appeared on BitcoinEthereumNews.com. The collapse of the U.S.-Iran ceasefire on July 8 sent prices back toward $62k, from a brief move into the $64k resistance zone. AMBCrypto reported that shortly after the news broke out, $300 million worth of long positions had been liquidated. The rising leverage and inclination from derivatives traders to catch the market lows, without structural support, was a warning sign of deeper drawdown. There was another factor to keep an eye on. Stablecoin liquidity increases price sensitivity to bearish catalysts Crypto analyst Crypto Onchain drew attention to the liquidity drain seen in the centralized exchange Binance. USD Coin reserves have fallen by 21% over the past month, and Tether saw massive single-day outflows. Source: CryptoQuant Anomalous outflows of $997 million on June 26 and $838 million on July 7 were seen. Together, they have taken Binance stablecoin outflows

The post Circle says it cannot reissue frozen USDC as it seeks dismissal of Wisconsin complaint appeared on BitcoinEthereumNews.com. Circle has asked a Wisconsin court to dismiss a criminal contempt complaint. It argues it lacks the technical ability to comply with an order requiring it to invalidate frozen USDC and issue replacement tokens to compensate an alleged fraud victim. The filing centers on the technical limits of USDC once it leaves Circle’s custody. While the stablecoin issuer says it can freeze tokens held in third-party wallets by blocklisting addresses, it argues it cannot seize, destroy, or reissue those tokens because it does not control the wallets’ private keys. Circle argues it complied with freeze order but could not reissue USDC The dispute stems from an alleged cryptocurrency scam in which a Wisconsin resident lost more than 381,000 USDC. It was lost after the stablecoins were transferred from Crypto.com to a wallet controlled by an alleged fraudster.  Prosecutor

The post Cathie Wood Warns Ripple-Backed OUSD May Not Challenge USDT, USDC appeared on BitcoinEthereumNews.com. Cathie Wood has said Ripple-backed OpenUSD may struggle to challenge USDT and USDC, even with major corporate names behind it, because stablecoin markets depend on liquidity, trust, collateral use, and daily platform integration. ARK Says Stablecoin Moats Are Built on Use According to the ARK Invest CEO, stablecoins are like the monetary networks that evolve with increasing adoption by user bases, exchanges, wallets, and payment companies. She added that USDT and USDC have already established robust network effects in the crypto trading and payments space and DeFi. In a research note, ARK Invest Director of Digital Assets Lorenzo Valente suggested that OUSD’s odds of supplanting the two biggest stablecoins are low. In his blog post “Why USDT and USDC are harder to kill than crypto Twitter thinks”, Valente also cautioned that many market participants may be overly optimistic a