BTC $84,520.41 -0.02%
ETH $2,662.33 -1.10%
BNB $765.49 -0.49%
XRP $1.47 -1.12%
SOL $118.07 +0.48%
TRX $0.3342 -0.29%
DOGE $0.0917 -2.12%
ADA $0.2403 -1.89%
BCH $307.23 -0.11%
LINK $13.63 -4.21%
HYPE $86.28 -0.60%
AAVE $181.04 +6.99%
SUI $1.12 -3.26%
XLM $0.2128 -2.44%
ZEC $1,284.82 -2.63%
AAPL $333.34 +0.90%
AMZN $251.08 +0.91%
GOOGL $343.16 +1.12%
MSFT $517.54 +0.71%
META $727.45 +0.23%
NVDA $233.95 +1.19%
TSLA $371.31 +4.65%
SNDK $1,718.98 -3.28%
INTC $119.34 -0.41%
SPCX $158.85 +6.78%
MU $1,071.85 -1.57%
AMD $632.89 +2.87%
BTC $84,520.41 -0.02%
ETH $2,662.33 -1.10%
BNB $765.49 -0.49%
XRP $1.47 -1.12%
SOL $118.07 +0.48%
TRX $0.3342 -0.29%
DOGE $0.0917 -2.12%
ADA $0.2403 -1.89%
BCH $307.23 -0.11%
LINK $13.63 -4.21%
HYPE $86.28 -0.60%
AAVE $181.04 +6.99%
SUI $1.12 -3.26%
XLM $0.2128 -2.44%
ZEC $1,284.82 -2.63%
AAPL $333.34 +0.90%
AMZN $251.08 +0.91%
GOOGL $343.16 +1.12%
MSFT $517.54 +0.71%
META $727.45 +0.23%
NVDA $233.95 +1.19%
TSLA $371.31 +4.65%
SNDK $1,718.98 -3.28%
INTC $119.34 -0.41%
SPCX $158.85 +6.78%
MU $1,071.85 -1.57%
AMD $632.89 +2.87%

net

All
Article
Flash

first_img The United States has designated the Russian A7 Network as a transnational criminal organization and plans to cut off its cryptocurrency funding channels

According to Decrypt, the U.S. Department of the Treasury's Office of Foreign Assets Control has designated the Russian shadow banking network A7 Network as a significant transnational criminal organization, listing its relevant addresses in Russia, Kyrgyzstan, Nigeria, and Zimbabwe. The Financial Crimes Enforcement Network has proposed a draft rule that aims to prohibit U.S. institutions from participating in any fund transfers involving the network's "sub-agent companies," covering convertible virtual currencies and not limited to fiat currencies, which is expected to affect approximately 348,000 institutions, including several cryptocurrency exchanges.The proposal is based on six special measures granted by Section 9714 of the Countering Russian Money Laundering Act, ultimately selecting the sixth measure, which is the fund transfer ban. The fifth measure, which restricts correspondent accounts, is considered to have loopholes: research by blockchain intelligence firm TRM Labs shows that A7A5 transactions completely bypass the correspondent banking system, which the Financial Crimes Enforcement Network views as a core aspect of its business model. A7A5 is a ruble-backed token issued by Old Vector, registered in Kyrgyzstan, operating on Tron and Ethereum, with reserves held at the Russian state-owned defense bank Promsvyazbank.The Financial Crimes Enforcement Network stated that between February 2025 and June 2026, over 180 entities handled at least $17.91 billion in A7A5, which historically circulated almost entirely through the sanctioned exchanges Garantex and Grinex, often used as a non-frozen bridge to convert into USDT and then into fiat currency.

first_img Tether's USDT will return to the Bitcoin network this month

According to CoinDesk, Tether's USDT will return to the Bitcoin network this month, issued through the Tether-supported infrastructure project Utexo.With a market capitalization of nearly $190 billion, USDT is the largest stablecoin in the world, originally launched on the Bitcoin Omni protocol in 2014, and later Ethereum and Tron became its main issuance networks. Tether CEO Paolo Ardoino stated on X last week, "It's home."Utexo was established in 2025 and completed a $7.5 million financing round earlier this year, led by Tether, and has obtained a commercial license to issue USDT on Bitcoin.Utexo uses the RGB protocol with client-side validation, keeping most transaction data off the Bitcoin public ledger, with ownership anchored on UTXO. Unlike the account models of Ethereum and Tron, transaction details are fully preserved off-chain between the two parties, with the Bitcoin ledger used solely for cryptographic proof of ownership.Utexo offers three main use cases: private USDT transfers, direct exchanges between native BTC and USDT, and lending with native Bitcoin as collateral, without the need for cross-chain wrapping like WBTC.Since RGB assets are ultimately anchored to Bitcoin UTXO, Utexo cannot freeze assets like Tether can freeze Ethereum addresses, but instead maintains a blacklist of UTXO related to sanctioned or illegal activities and distributes it to exchanges and other institutions, making these UTXO non-redeemable.
app_icon
ChainCatcher Building the Web3 world with innovations.