OFAC sanctioned six Ethereum addresses linked to a Sinaloa Cartel money laundering network that converted drug proceeds into crypto as part of action against 11 individuals and two entities. The move raises compliance risks for crypto exchanges and virtual asset service providers by highlighting the cartel's use of blockchain technology.
The sanctions highlight how cartel-linked money laundering networks are using digital assets alongside cash couriers and front businesses.
This raises sanctions compliance risks for crypto exchanges and other virtual asset service providers.
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The US Treasury published a proposed rule on October 22, 2026 to implement the COINS Act, widening limits on US investment in sensitive tech in countries of concern. Separately, DHS ordered DeepSeek products excluded and removed from federal civilian agency systems. The Treasury rule is not final; comments are due December 7.
Metaplanet secured approval for a 93.7% stake in Super League, USD1 lost over $400 million in market cap, and Qubic reportedly paused after an about $1.4 million exploit.
JPMorgan deployed JPM Coin, a token representing dollar deposits at the bank, on Ethereum mainnet on Monday and made it available to institutional clients, the bank said. The move expands the token beyond Base.
Richard Heart's detention in Istanbul preceded a roughly $246 million drop in HEX's market cap, Ledger unveiled its $849 Atom wallet, and Starknet put a post-quantum layer-1 move to a vote, per Cointelegraph's weekly digest.
Bitcoin Magazine reports that Payward, parent of Kraken, signed a definitive agreement to buy Saldo Finance Oy and its banking subsidiary, securing an EU license spanning five markets. Closing is targeted for 2027 and would support deposit interest, loans, credit cards and banking-as-a-service products.
