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Original coverage across the crypto market, updated daily.
Regulators are reconsidering restrictions on crypto market making after the Japanese yen stablecoin JPYC traded at four times its peg on Upbit this month.
Prosecutors say wallets tied to Trung Nguyen Van received about $53.3 million linked to 'pig butchering' scams targeting US victims.
Treasury Secretary Bessent described the $97 billion yen intervention as an asset swap, with filings complicating Senator Warren's case.
Investment bank Goldman Sachs now predicts the yen will weaken to 165 per dollar within a year, citing persistent interest rate differentials.
A record build-up of speculative yen shorts could trigger a sharp squeeze if the BOJ signals tighter policy, impacting risk assets like bitcoin.