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Illustration of CoinEx denying crypto transactions with sanctioned Iranian entities, showing blockchain flows and denial stamps.
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CoinEx denies knowledge of $3.84 billion flows to sanctioned Iranian entities

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Blockchain analytics firm TRM Labs reported that CoinEx facilitated more than $3.84 billion in crypto transactions with over 60 sanctioned Iranian platforms over seven years. CoinEx rejected the claims and stated it has begun exiting Iran-related business.

Coinbase-backed Ethereum layer-2 network Base resumed block production on Thursday after a roughly two-hour outage. The disruption halted transaction processing on one of Ethereum's largest layer-2 networks.

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Palo Alto-based blockchain startup Story Protocol has rebranded as DATA Foundation and pivoted its operations to building infrastructure for verifying AI training data. The move follows $140 million in funding led by a16z crypto.

Activity on the Bitcoin network has surged even as the cryptocurrency's price has fallen nearly 50 percent below its peak, according to CryptoQuant. The increase in network use does not appear to be tied to movements in Bitcoin's value.

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Bitcoin's blockchain shows its strongest activity since late 2024, driven by a surge in small transactions even as the price remains under pressure.

Administration officials hosted law enforcement representatives at the White House on June 10 to address concerns about Section 604 of the CLARITY Act. The provision would shield many software developers from money-transmitter rules while keeping exchanges and hosted wallets under compliance requirements. Discussions centered on whether broad protections could hinder prosecutions of crypto-related crimes.

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Citigroup unveiled Digital Depositary Receipts, a blockchain-based offering that gives wealthy and institutional investors exposure to private company equity.

 

 

 

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