BTC $86,166.68 +1.15%
ETH $2,721.73 +0.90%
BNB $790.27 -0.01%
XRP $1.52 +1.04%
SOL $120.69 -0.56%
TRX $0.3360 -0.06%
DOGE $0.0959 +2.62%
ADA $0.2757 +12.49%
BCH $315.45 -1.03%
LINK $14.11 +0.17%
HYPE $92.32 +2.37%
AAVE $184.63 +2.88%
SUI $1.22 +3.34%
XLM $0.2221 +2.98%
ZEC $1,328.54 -0.13%
AAPL $332.32 -0.29%
AMZN $251.66 -0.31%
GOOGL $342.73 -0.44%
MSFT $521.54 +0.77%
META $726.56 -0.38%
NVDA $235.58 +0.43%
TSLA $369.54 -0.59%
SNDK $1,728.56 +0.57%
INTC $114.91 -3.51%
SPCX $159.19 -0.02%
MU $1,072.52 +0.29%
AMD $628.01 -0.75%
BTC $86,166.68 +1.15%
ETH $2,721.73 +0.90%
BNB $790.27 -0.01%
XRP $1.52 +1.04%
SOL $120.69 -0.56%
TRX $0.3360 -0.06%
DOGE $0.0959 +2.62%
ADA $0.2757 +12.49%
BCH $315.45 -1.03%
LINK $14.11 +0.17%
HYPE $92.32 +2.37%
AAVE $184.63 +2.88%
SUI $1.22 +3.34%
XLM $0.2221 +2.98%
ZEC $1,328.54 -0.13%
AAPL $332.32 -0.29%
AMZN $251.66 -0.31%
GOOGL $342.73 -0.44%
MSFT $521.54 +0.77%
META $726.56 -0.38%
NVDA $235.58 +0.43%
TSLA $369.54 -0.59%
SNDK $1,728.56 +0.57%
INTC $114.91 -3.51%
SPCX $159.19 -0.02%
MU $1,072.52 +0.29%
AMD $628.01 -0.75%

ea

All
Article
Flash

first_img Chainalysis: The number of P2P stablecoin wallets in China has increased 43 times

According to Cointelegraph, a report by Chainalysis indicates that from the first quarter of 2024 to the second quarter of 2026, the number of independent wallets sending peer-to-peer (P2P) stablecoin transactions in China increased 43 times.During the reporting period from July 2025 to June 2026, Chainalysis recorded 18.1 million transfers involving self-custodied stablecoin holdings in China, totaling $10.41 billion. The annual turnover rate of stablecoin holdings was 33.2 times, more than three times the global average of 9.3 times. Chainalysis believes this characteristic aligns with users using stablecoins as working capital.Chainalysis estimates that the size of China's crypto economy is at least $176 billion, with domestic P2P activities accounting for 59.1%, which is 3.5 times the share during the 2025 reporting period. In March 2026, the volume of stablecoin transfers within China increased by $4.9 billion, marking the largest monthly increase during the reporting period. This growth occurred amid China's long-standing restrictions on crypto trading, as regulators introduced new rules in February targeting unauthorized RMB-pegged stablecoins and tokenized real-world assets.Chainalysis pointed out that China's P2P-dominated market contrasts with other markets in East Asia. South Korea, with $449.1 billion, has become the largest crypto economy in East Asia, with activity growing by 12.3% compared to the previous reporting period, and retail investors showing a preference for AI-related tokens. Institutional platforms in Hong Kong accounted for 16% of service inflows, nearly three times that of regional neighbors, and recorded nearly $24 billion in business-to-business inflows, issuing the first batch of stablecoin licenses in April.

ZachXBT revealed an undercover investigation: infiltrating a money laundering group suspected of being part of the Lazarus Group and assisting in freezing funds related to the Bybit attack incident

"On-Chain Detective" ZachXBT stated that he once disguised himself as a client to infiltrate a criminal gang suspected of laundering money for the North Korean-backed hacker organization Lazarus Group, and assisted in freezing funds related to the 2025 Bybit attack incident.ZachXBT indicated that after Bybit was attacked for $1.5 billion in February 2025, he discovered over 15 accounts seeking help with transactions related to the stolen funds in public Telegram and Discord groups. He then contacted a Telegram user using the alias "Jimmy Green" and built trust through multiple transactions.According to his disclosure, on March 6, 2025, he transferred $3.497 million USDC to an Ethereum address for exchanging USDC with TRON chain USDT. The Gas funds for that address trace back to the Bybit attack funds and have been publicly marked as a Bybit attack blacklist address.ZachXBT stated that in subsequent communications, the other party revealed that their team had participated in handling the stolen funds from Bybit and disclosed in advance that the funds would be transferred on chains such as Solana. By matching transaction times, amounts, and on-chain data, he discovered a wallet cluster involving over $12 million of Bybit attack funds, with funding paths including BTC→ETH→SOL→TRON and others, among which approximately 442,000 USDT had been frozen by Tether. The gang also attempted to launder money through Uniswap liquidity pools and low liquidity tokens.In addition, the other party revealed that they had helped other clients handle approximately $3 million in scam proceeds, and ZachXBT tracked the related funds flowing to sanctioned Huione Guarantee-related wallets.ZachXBT disclosed that during this investigation, he initially invested $3.497 million and bore about 5% loss risk for each transaction. The intelligence obtained was promptly provided to relevant investigative agencies and law enforcement. Since 2022, he has assisted in freezing over $75 million related to North Korea-related incidents.

first_img The U.S. Treasury Department sanctioned a $2 million fundraising network related to Hamas, including cryptocurrency transfers

According to CoinDesk, the U.S. Treasury Department announced sanctions against a member of Hamas's military wing, two French nationals, and two charitable organizations, accusing them of raising over $2 million for Hamas through cryptocurrency and so-called humanitarian donations in a fundraising campaign that lasted six years.The Treasury stated that Faouzi Barika and Amel Oualid raised funds in France under the guise of humanitarian efforts, subsequently transferring the money to Hamas. This network raised over $2 million between 2020 and 2026, with $1.5 million occurring after the Hamas attack on Israel on October 7, 2023. The two also sent hundreds of thousands of dollars in cryptocurrency to Saleem Abdallah Saleem al-Zaq in Gaza, who is the deputy battalion commander of Hamas's Kassam Brigades.The sanctions freeze the assets of the relevant entities within U.S. jurisdiction, and Americans are generally prohibited from engaging in transactions with them. Foreign financial institutions that knowingly facilitate significant transactions may face secondary sanctions risks, and restrictions also extend to companies in which the sanctioned parties hold more than 50% directly or indirectly. U.S. Treasury Secretary Scott Bessent stated that terrorist organizations like Hamas rely on complex financial intermediaries and fraudulent means. This move indicates U.S. concern about the role of cryptocurrency in broader fundraising networks, rather than viewing it as Hamas's primary source of funding.
app_icon
ChainCatcher Building the Web3 world with innovations.