Month: May 2025

World’s Largest Crypto Crime Network Collapses After Telegram Crackdown

One of the world’s largest illicit crypto marketplace, Haowang Guarantee, has ceased operations following a major enforcement action by Telegram. The announcement came after the messaging platform blocked Haowang’s NFTs, groups, and thousands of related channels on May 13, effectively dismantling its infrastructure. Haowang, which primarily operated via Telegram,...
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Bitcoin ETF Inflows Surge as Basis Trade Nears 9%, Signaling Renewed Demand

The U.S.-listed spot bitcoin BTC exchange-traded funds (ETFs) recorded $667.4 million in net inflows on May 19, the largest single-day total since May 2, signaling renewed institutional interest. Nearly half of these inflows, $306 million, went into iShares Bitcoin Trust (IBIT), now at $45.9 billion in net inflows, according...
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