Everstake and io.finnet Deliver Institutional Staking for Ethereum, Solana, and Additional PoS Assets

Read more

Mill City reports Q2 earnings, launches SUI cryptocurrency treasury strategy

Read more

Treasury to use forfeited Bitcoin for Strategic Reserve, buy more in budget-neutral way, Bessent says

Read more

US Treasury Doubles Down, Hits Crypto Exchange Garantex with Second Sanction

The United States Treasury Department has escalated its crackdown on illicit crypto activity, redesignating the Russian-linked cryptocurrency exchange Garantex Europe OU and sanctioning its successor platform, Grinex. The move follows years of allegations that Garantex processed more than $100 million in transactions tied to ransomware groups, darknet markets, and other cybercriminal operations. OFAC Targets Garantex Leaders in Crackdown on Crypto Crime The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has sanctioned three senior executives of crypto exchange Garantex and six associated companies in Russia and Kyrgyzstan. The measures, announced Thursday under OFAC’s cyber authorities, cite the platform’s role in laundering digital assets for cybercriminals. Treasury officials said Garantex has continued to serve ransomware operators despite being sanctioned in April 2022 for operating in Russia’s financial services sector. “Exploiting cryptocurrency exchanges to launder money and facilitate ransomware attacks not only threatens our national security, but also tarnishes the reputations of legitimate virtual asset service providers,” said John K. Hurley, Under Secretary for Terrorism and Financial Intelligence. Authorities say the exchange handled transactions for groups behind the Conti, LockBit, and Black Basta ransomware strains, as well as sanctioned money launderer Ekaterina Zhdanova. The new action follows a March 6 coordinated operation involving the U.S. Secret Service and German and Finnish authorities, which seized Garantex’s web domain, froze $26 million in cryptocurrency, and disrupted its infrastructure. Tether has frozen $27 million in USDT held in wallets on the Russia-based Garantex Exchange. #TetherFreezes #TetherUSDT https://t.co/EdaS60FDE3 — Cryptonews.com (@cryptonews) March 6, 2025 The U.S. Department of Justice has also unsealed indictments against executives Aleksandr Mira Serda and Aleksej Bešciokov, charging them with money laundering conspiracy, operating an unlicensed money-transmitting business, and violating U.S. sanctions. Bešciokov was arrested in Kerala, India , while on vacation with his family. Mira Serda, a Russian national and co-owner of Garantex, remains at large. Garantex operator arrested in India on US money laundering charges. #Garantex #CryptoLaw https://t.co/UaTmqvUvt9 — Cryptonews.com (@cryptonews) March 12, 2025 Prosecutors allege Garantex moved wallets to evade detection and provided misleading data to conceal account ownership, even in cases where Russian law enforcement sought information. If convicted, both face up to 20 years in prison for money laundering, another 20 for sanctions violations, and five years for operating without a license. Additionally, the Department of State has announced two reward offers under the Transnational Organized Crime Rewards Program of up to $5 million for information leading to the arrest and/or conviction of Mira Serda and up to $1 million for other key leaders of Garantex. U.S. Treasury Says Garantex Shifted Funds to Grinex to Evade Sanctions Following the March seizures, U.S. Treasury officials say Garantex moved its customer funds to a newly created exchange, Grinex, in an effort to bypass sanctions. Promotional materials for Grinex openly stated it was formed in response to the freezes and restrictions. Since its launch, it has processed billions in cryptocurrency transactions. Investigators also uncovered that Garantex and Grinex used a ruble-backed digital token, A7A5 , to return funds to Russian customers whose assets were frozen. A7A5, a stablecoin pegged to the Russian ruble, has processed over $9.3 billion in transactions on Grinex, the successor to Garantex. #A7A5 #Russia https://t.co/svrr75EywL — Cryptonews.com (@cryptonews) June 26, 2025 The token was tied to Russian firm A7 and its subsidiaries, which U.S. officials say are controlled by sanctioned individuals, including Moldovan oligarch Ilan Shor and Russian bank Promsvyazbank. OFAC has now sanctioned Grinex, A7, its subsidiaries, and Old Vector for aiding Garantex’s sanctions evasion efforts. Treasury officials say Garantex’s leadership was key to enabling the exchange’s illicit operations. Co-founder Sergey Mendeleev, co-owner Mira Serda, and regional director Pavel Karavatsky allegedly procured infrastructure, registered trademarks, and engaged in business development to maintain the appearance of legitimacy. Two other companies, InDeFi Bank and Exved, were also sanctioned. Both are controlled by Mendeleev and are accused of helping facilitate cross-border crypto transactions that bypass U.S. restrictions. The new sanctions mean all property and interests in property of the named individuals and entities that fall under U.S. jurisdiction are blocked. U.S. persons are generally prohibited from engaging in any transactions with them unless authorized. Financial institutions that continue to do business with the sanctioned parties risk enforcement actions. The Treasury stressed that sanctions are intended to change behavior, not simply punish. OFAC maintains a process for removal from its Specially Designated Nationals (SDN) List for those who demonstrate compliance with U.S. laws. Garantex Action Follows Takedowns of BidenCash, BlackSuit Ransomware The Garantex case comes amid a series of recent U.S. operations targeting cybercriminal infrastructure. On June 5, law enforcement seized crypto linked to BidenCash , a dark web marketplace accused of selling over 15 million stolen credit cards and personal data. BidenCash generated over $17 million in revenue from selling over 15 million stolen credit cards and personal data. #BIdenCash #CryptoSeizure #DarknetMarketplace https://t.co/WYZqZOAIgp — Cryptonews.com (@cryptonews) June 5, 2025 The international operation, involving U.S., Dutch, and other agencies, took down around 145 domains linked to the site. Officials also disrupted the BlackSuit ransomware group , seizing over $1 million in digital assets tied to the malware scheme. BlackSuit is accused of targeting critical infrastructure sectors in the U.S. and abroad. The U.S. Department of Justice (DOJ) took down multiple servers and domains belonging to the BlackSuit Ransomware group. #DOJ #BlackSuit https://t.co/hreZp6OC5k — Cryptonews.com (@cryptonews) August 13, 2025 U.S. authorities have repeatedly highlighted the growing nexus between ransomware, illicit crypto use, and state-linked actors. The United Nations has estimated that North Korea’s Lazarus Group has stolen more than $3 billion in digital assets worldwide, with much of the money funding weapons programs. The post US Treasury Doubles Down, Hits Crypto Exchange Garantex with Second Sanction appeared first on Cryptonews .

Read more

Huma, Arf, and Geoswift Launch Same-Day Settlement for Marketplace Sellers Worldwide

Read more

Bit Digital ETH Holdings: Unveiling Remarkable Q2 Staking Success

BitcoinWorld Bit Digital ETH Holdings: Unveiling Remarkable Q2 Staking Success The cryptocurrency world often buzzes with news of market shifts and technological advancements. Today, a significant announcement from Nasdaq-listed Bit Digital is capturing attention. The company recently released its Q2 2025 earnings report, revealing remarkable Bit Digital ETH holdings that highlight their strategic approach to digital assets. This development offers a fascinating look into how major players are navigating the evolving digital economy. Unveiling Bit Digital’s Impressive ETH Holdings Strategy In their latest quarterly update, Bit Digital disclosed holding a substantial 121,076 ETH. This figure isn’t just a number; it reflects a deliberate and sophisticated strategy in managing their digital asset portfolio. A significant portion of these Bit Digital ETH holdings , specifically 105,015 ETH, is actively staked. This strategic move allows the company to generate passive income while simultaneously supporting the Ethereum network’s security and operations. What does this mean for a publicly traded company like Bit Digital? It demonstrates a clear commitment to leveraging the inherent potential of decentralized finance. By staking such a large amount of Ethereum, they are not merely holding an asset; they are actively participating in its foundational ecosystem, which is a powerful statement in the crypto space. How Ethereum Staking Rewards Are Driving Growth? The decision to stake a vast majority of their ETH has already yielded tangible benefits for Bit Digital. The company proudly reported earning 166.8 ETH in Ethereum staking rewards during Q2 2025 alone. These rewards represent a consistent and valuable revenue stream, effectively diversifying their income beyond traditional cryptocurrency mining operations. Consider the advantages this brings: Consistent Income: Staking provides predictable returns, offering a stable financial component compared to volatile market trading. Network Support: By contributing to Ethereum’s proof-of-stake mechanism, Bit Digital directly strengthens the network’s integrity and efficiency. Strategic Growth: The ability to reinvest these earned rewards can further expand their digital asset base, fostering long-term growth. This steady flow of Ethereum staking rewards is a clear testament to the viability of staking as a core component within a comprehensive digital asset strategy for institutional players. Key Takeaways from the Latest Crypto Earnings Report Bit Digital’s crypto earnings report for Q2 2025 offers more than just financial figures; it provides crucial insights into the accelerating landscape of institutional crypto adoption. Their robust Bit Digital ETH holdings and the undeniable success of their staking efforts demonstrate a mature and forward-thinking approach to navigating the complex digital asset space. This report signals a growing trend where public companies are not just investing in cryptocurrencies, but are actively participating in and benefiting from their underlying economic models. The transparency provided by a Nasdaq-listed entity like Bit Digital is incredibly crucial for fostering investor confidence. It allows the broader market to clearly see how large-scale digital asset operations are managed and what kind of sustainable returns are achievable through strategic and well-executed initiatives. A Deeper Dive into Bit Digital’s Q2 Earnings Performance The detailed figures within Bit Digital’s Q2 earnings report paint a vivid picture of a company diligently optimizing its digital resources. While the report covers various operational aspects, the prominent emphasis on their staked Ethereum is particularly noteworthy. This strategic focus strongly suggests that staking has become a significant and increasingly vital contributor to their overall financial health and future projections. Moreover, it underscores the growing importance of passive income generation in the crypto sector. Investors and market watchers alike often scrutinize these reports for signs of sustainable growth and operational efficiency. The consistent generation of substantial Ethereum staking rewards certainly positions Bit Digital favorably within a highly competitive and rapidly evolving market, making their performance a benchmark for others. Pioneering Advanced Digital Asset Management Strategies Bit Digital’s proactive and sophisticated approach to digital asset management sets a compelling precedent for other corporations considering deeper involvement in the crypto economy. Their innovative strategy seamlessly combines traditional asset holding with active participation through staking, thereby maximizing potential returns and enhancing portfolio stability. This integrated approach is becoming increasingly vital as the crypto industry matures and offers more sophisticated financial instruments and opportunities. The company’s impressive success with its substantial Bit Digital ETH holdings and efficient staking operations could very well inspire broader adoption of similar strategies across the corporate world. It powerfully demonstrates a clear, profitable, and responsible path towards engaging with cutting-edge blockchain technology. Conclusion: A Glimpse into the Future of Corporate Crypto Engagement Bit Digital’s Q2 2025 earnings report stands as a powerful and compelling example of successful digital asset management . Their significant Bit Digital ETH holdings , coupled with the impressive and consistent Ethereum staking rewards , underscore a truly forward-thinking and robust strategy. As the crypto market continues its dynamic evolution, companies like Bit Digital are undeniably paving the way for broader institutional participation, showcasing the immense potential for sustained growth and diversified revenue streams within the burgeoning digital economy. This report is not just about one company’s success; it’s a guiding beacon for the future of corporate engagement with cryptocurrencies, offering valuable insights for the entire industry. Frequently Asked Questions (FAQs) Q1: What are Bit Digital ETH holdings? A1: Bit Digital ETH holdings refer to the total amount of Ethereum (ETH) cryptocurrency that Nasdaq-listed Bit Digital owns, as reported in their financial statements. In Q2 2025, this amounted to 121,076 ETH. Q2: How does Ethereum staking generate rewards? A2: Ethereum staking involves locking up ETH to support the network’s security and operations under its proof-of-stake mechanism. In return for contributing to the network’s stability, stakers receive new ETH as rewards, similar to earning interest on a deposit. Q3: Why is Bit Digital’s Q2 2025 report significant? A3: The report is significant because it highlights a substantial increase in Bit Digital’s staked ETH and the tangible rewards generated. This demonstrates a successful strategy for institutional digital asset management and provides transparency into how public companies are profiting from crypto beyond just mining. Q4: What is digital asset management in the context of Bit Digital? A4: For Bit Digital, digital asset management involves strategically acquiring, holding, and leveraging cryptocurrencies like Ethereum, particularly through active staking. This approach aims to maximize returns, diversify income streams, and contribute to the stability of the blockchain networks they engage with. Q5: Are there risks associated with Ethereum staking? A5: Yes, while profitable, Ethereum staking does carry risks. These include potential penalties (slashing) for validator downtime or misbehavior, illiquidity of staked assets for a period, and smart contract risks if using third-party staking services. Did you find this deep dive into Bit Digital’s Q2 earnings insightful? Share this article with your network and spark a conversation about the future of corporate crypto strategies! To learn more about the latest crypto market trends, explore our article on key developments shaping Ethereum institutional adoption. This post Bit Digital ETH Holdings: Unveiling Remarkable Q2 Staking Success first appeared on BitcoinWorld and is written by Editorial Team

Read more

Hot Inflation Clouds Fed Path, But Crypto Bulls Eye Q4 Liquidity Surge

Crypto faces near-term headwinds from hot inflation data, but some say global liquidity trends could set up a year-end rally.

Read more

AVAX, ADA & Solana Price Forecasts Hint at Explosive Growth Before Next Halving

Smart money is already repositioning across high-potential altcoins with the next Bitcoin halving coming soon. Analysts and investors are once again taking a closer look at Avalanche (AVAX), Cardano (ADA), and Solana (SOL). It’s not just the usual large-caps drawing attention; new projects like MAGACOIN FINANCE are also making significant waves among whales. AVAX Eyes $55 Amid Breakout Strength Avalanche is making fresh bullish momentum; currently, it trades at $25.28 after reclaiming $24.50. Analysts are eyeing the $27 area. A breakout here would confirm short-term targets of $26.50–$27.50 and the potential to head toward $55 by year-end. The price uptick in the cryptocurrency market may not be an accident as institutional inflows and an increase in on-chain activity are supporting this rise. AVAX has a market cap of over $10.6 billion and a daily trading volume of almost $840 million, suggesting the crypto may be gearing up for a big rise. Cardano Rebounds With Eyes on $0.72 Cardano has registered a considerable recovery, currently trading at $0.885, following a 4.56% rise in the past 24 hours and a 17.88% increase in the previous week. Although it is 73% under its all-time high of $3.09, traders remain bullish. Some predict a run to $0.70-$0.72, especially if the market improves. With a trading volume exceeding $2.8 billion and a current market cap of more than $30 billion, ADA has been in the green, possibly signalling a trend reversal. But overall sentiment is mixed, and analysts caution against any linear progress. Those who are confident in the long-term growth of stocks are investing more and betting towards small-cap stocks to increase growth. Solana Holds Above $200 as Momentum Builds Solana has been dominating the headlines in the year 2025. At present, Solana is trading at $201.05 after gaining over 22% in the last week and over 36% in the last year. The trading volume rose above $12 billion, and experts believe it may push towards $230 before ultimately retesting its $295 all-time high. This network’s transaction capacity and lead in decentralised finance (DeFi) and non-fungible token (NFT) activity fuel a bullish case. Larger players are also signalling confidence through whale activities and treasury accumulation. MAGACOIN FINANCE continues to attract whales capital Halving momentum is prompting AVAX, ADA, and SOL holders to position early in MAGACOIN FINANCE for a potential 40x return , as cross-chain capital rotation accelerates ahead of the next market leg. Analysts note that whale accumulation from these major altcoin communities is driving sustained buy pressure, with strategic positioning aligning ahead of anticipated exchange listings. As liquidity inflows grow and market sentiment strengthens, MAGACOIN FINANCE is emerging as a key beneficiary of this early-cycle capital shift. Final Thoughts AVAX, ADA, and SOL are flashing bullish signals, and long-term investors are preparing for what could be a historic run-up post-halving. But for those seeking outsized gains, MAGACOIN FINANCE is quickly emerging as the small-cap to watch. Its security framework, growing community, and accelerating accumulation suggest it may not stay under the radar much longer. To learn more about MAGACOIN FINANCE, visit: Website: https://buy.magacoinfinance.com Access: https://magacoinfinance.com/access Twitter/X: https://x.com/magacoinfinance Telegram: https://t.me/magacoinfinance Continue Reading: AVAX, ADA & Solana Price Forecasts Hint at Explosive Growth Before Next Halving

Read more

US Treasury Targets Russian Crypto Networks with New Sanctions

U.S. Treasury sanctions target Russian crypto exchange Garantex and stablecoin A7A5 network. Continue Reading: US Treasury Targets Russian Crypto Networks with New Sanctions The post US Treasury Targets Russian Crypto Networks with New Sanctions appeared first on COINTURK NEWS .

Read more

US Treasury’s Scott Bessent backpedals: Bitcoin buying still possible

US Treasury Secretary Scott Bessent clarified on X that the department is still exploring budget-neutral ways to purchase Bitcoin, contrasting an earlier comment that tanked the crypto markets.

Read more