U.S. imposes $4 million fine on Paxful: AML violations lead to criminal charges, is crypto compliance facing increased pressure?

Elliptic: Five crypto trading platforms assist Russia in evading sanctions, filling the gap left by Garantex's closure

Elliptic reports that after sanctions, the Russian crypto trading platform Garantex was seized, and at least five alternative platforms still provide funding channels for sanctioned entities, although most have not yet been sanctioned. Platforms like Bitpapa and ABCeX frequently change wallets to evade monitoring, and research shows that related sanctions evasion activities continue across multiple platforms.

Caixin: RWA based on Hong Kong assets are not under the jurisdiction of Chinese regulatory authorities

The No. 42 document jointly issued by the People's Bank of China and seven other departments clearly defines the regulatory framework for virtual currencies and related risks. It stipulates strict control over domestic assets going abroad for RWA issuance, with Hong Kong identified as a potential issuance location, but it is not within the scope of mainland regulation. The overall tone emphasizes strict regulation and does not include any encouragement for development.

X Product Manager: Infode is suspected to be connected with Kalshi, and its ranking aims to increase click-through rates by using female imagery.

X Product Lead Nikita Bier questions the Infodex list of the most valuable startups in 2025, specifically pointing out valuation issues with the fintech company Kalshi, and claims that the list information is false, demanding disclosure of whether it is paid promotion content.

X Platform to Launch Disclosure Requirements for Paid Promotions Including Kalshi and Polymarket Ads

Gate News bot message, X platform announces the introduction of disclosure features for paid promotions, including advertisements for Kalshi and Polymarket. According to Nikitabier, accounts that fail to provide proper disclosure will face suspension. The new policy requires transparency for promoti

Caixin: Document No. 42 sets the tone for "strict regulation of overseas RWA," China International Capital Corporation Hong Kong has already explored cooperation with public chains and exchanges

According to reports, the Hong Kong China International Capital (CICC) team is in talks with public chains and exchanges about cooperation, focusing on market dynamics following the release of Document No. 42. Regulatory officials pointed out that RWA based on Hong Kong assets are not regulated by this document, while outbound RWA of domestic assets require strict regulation, emphasizing that rapid development is not encouraged.

"CLARITY Act" Negotiations: White House Supports "Conditional Interest for Stablecoins," Banking Industry's Compromise Nears

The legislative process for the U.S. CLARITY Act has been delayed due to disputes over the stablecoin reward mechanism. The White House has proposed a "limited stablecoin reward" plan to coordinate the interests of the banking industry and cryptocurrency platforms, which is expected to be included in the new draft. If banks refuse, the current GENIUS Act will still remain in effect, which could actually give cryptocurrency platforms more room to operate.