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

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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.

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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.

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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.

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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 .

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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 numbers

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

What to 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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