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T3 Financial Crime Unit Freezes $300 Million in Assets

The T3 Financial Crime Unit, supported by Tether, TRON, and TRM Labs, has successfully frozen $300 million in tainted funds since its inception a year ago. This task force is recognized for its significant achievements in enhancing blockchain security and is praised by international law enforcement. T3's operations cover multiple continents, including notable engagements with Brazil's Federal Police in a recent money-laundering investigation. The unit's T3+ Global Collaborator Program aims to establish real-time cooperation between industry players and law enforcement agencies. Highlights include freezing $3 million linked to North Korean networks and $6 million from a pig-butchering scam. Tether's CEO, Paolo Ardoino, emphasized their commitment to collaborating with over 280 global law enforcement agencies to ensure the integrity of the financial ecosystem. This initiative represents a shift toward self-regulation within the stablecoin sector, showcasing the industry's capacity for compliance and accountability.

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Record $1.26B Outflow Hits BlackRock Bitcoin ETF as Bearish Options Cost Soars

BlackRock's Bitcoin ETF, IBIT, has encountered a monumental net outflow of $1.26 billion in November, marking the most significant withdrawal since its inception in January 2024. This outflow comes amidst a price decline of 16%, bringing the share price down to $52, a level not seen since

Mastercard Picks Polygon to Bring Verified Usernames to Self-Custody Wallets

Mastercard has announced its collaboration with Polygon to introduce a system allowing users to send cryptocurrencies using verified usernames instead of lengthy wallet addresses. This new feature, referred to as the Mastercard Crypto Credential, aims to enhance security and user-friendliness in crypto transactions. By utilizing the services of Mercuryo, a

Bitcoin Dominance is Bleeding With Price, But Market Observers Say Altcoin Season is on Hold

Bitcoin's recent decline in price and dominance rate indicates a broader market deleveraging rather than a straightforward rotation into altcoins. While Bitcoin has dropped nearly 16% this month, its dominance has slipped from 61.4% to 58.9%. Despite speculation about an upcoming 'altcoin season', many

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