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Morning edition · October 12, 2026

US and UK Sanction Prince Group Over $4B Huione Crypto Fraud

The US and UK hit Prince Group with sanctions and cut off Huione Group over a $4 billion crypto fraud syndicate, while the SEC granted an exemption for onchain stock trading.

  1. 1

    US and UK Sanction Prince Group, Sever Huione Group Over Crypto Fraud

    FinCEN barred Cambodian financial firm Huione Group from the US banking system after it laundered over $4 billion in illicit funds, including $37 million from North Korean cyber heists. OFAC sanctioned 146 targets linked to Prince Group, and prosecutors unseal

  2. 2

    SEC Grants Five-Year Innovation Exemption for Tokenized Stock Venues

    The SEC provided temporary exemptive relief for Tokenized Securities Venues to operate permissioned AMM liquidity pools for tokenized NMS stocks. Liquidity providers committing proprietary capital receive conditional relief from broker-dealer registration [2].

  3. 3

    Ethereum Foundation Details Lean Roadmap to Deploy Post-Quantum Cryptography

    Ethereum core developers are aiming for a 2029 target to complete foundational post-quantum infrastructure to protect against quantum computing threats. The roadmap includes replacing consensus-layer BLS signatures with leanXMSS [3].

  4. 4

    ArbitrumDAO Proposes 100M ARB Push to Adopt Paxos's USDG Stablecoin

    Entropy Advisors proposed integrating Paxos-issued USDG into ArbitrumDAO's strategy, backed by a 100 million ARB budget increase. The plan directs network fees into USDG to generate non-volatile DAO income [4].

  5. 5

    Strategy Allocated 9.5% of Q3 Share Proceeds to Direct Bitcoin Purchases

    SEC filings reveal Strategy allocated 9.5 percent of $5.41 billion raised from Q3 common stock sales to direct bitcoin acquisitions. The remaining proceeds were directed to USD reserves, liquidity pools, preferred dividends, and STRC buybacks [5].

Numbers

Bitcoin is trading at $83,423, up 0.6 percent over 24 hours, while the Fear & Greed index sits at 69 (Greed).

Watch

Proceedings in the Eastern District of New York following the unsealed indictment against Chen Zhi. · Publication of the SEC order in the Federal Register, starting the public comment window. · The inclusion of EIP-8141 in the Hegotá upgrade during the second half of 2026.

Income angle

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Model the payouts from STRC with a free calculator on DividendFlow, our sister site for income investors.

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Full text

The US and UK hit Prince Group with sanctions and cut off Huione Group over a $4 billion crypto fraud syndicate, while the SEC granted an exemption for onchain stock trading.

  1. US and UK Sanction Prince Group, Sever Huione Group Over Crypto Fraud: FinCEN barred Cambodian financial firm Huione Group from the US banking system after it laundered over $4 billion in illicit funds, including $37 million from North Korean cyber heists. OFAC sanctioned 146 targets linked to Prince Group, and prosecutors unsealed an indictment against Chen Zhi in New York.

  2. SEC Grants Five-Year Innovation Exemption for Tokenized Stock Venues: The SEC provided temporary exemptive relief for Tokenized Securities Venues to operate permissioned AMM liquidity pools for tokenized NMS stocks. Liquidity providers committing proprietary capital receive conditional relief from broker-dealer registration.

  3. Ethereum Foundation Details Lean Roadmap to Deploy Post-Quantum Cryptography: Ethereum core developers are aiming for a 2029 target to complete foundational post-quantum infrastructure to protect against quantum computing threats. The roadmap includes replacing consensus-layer BLS signatures with leanXMSS.

  4. ArbitrumDAO Proposes 100M ARB Push to Adopt Paxos's USDG Stablecoin: Entropy Advisors proposed integrating Paxos-issued USDG into ArbitrumDAO's strategy, backed by a 100 million ARB budget increase. The plan directs network fees into USDG to generate non-volatile DAO income.

  5. Strategy Allocated 9.5% of Q3 Share Proceeds to Direct Bitcoin Purchases: SEC filings reveal Strategy allocated 9.5 percent of $5.41 billion raised from Q3 common stock sales to direct bitcoin acquisitions. The remaining proceeds were directed to USD reserves, liquidity pools, preferred dividends, and STRC buybacks.

Numbers: Bitcoin is trading at $83,423, up 0.6 percent over 24 hours, while the Fear & Greed index sits at 69 (Greed).

Watch:

  • Proceedings in the Eastern District of New York following the unsealed indictment against Chen Zhi.
  • Publication of the SEC order in the Federal Register, starting the public comment window.
  • The inclusion of EIP-8141 in the Hegotá upgrade during the second half of 2026.

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