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Crypto

North Korea\'s Lazarus suspected of cashing out $30 million in bitcoin, raising U.S. regulatory risks

Wallets assessed to be linked to North Korea\'s Lazarus group are suspected of selling more than $30 million in bitcoin on decentralised derivatives platform Hyperliquid over the past three weeks. The funds were then converted into ether and solana and moved to centralised exchanges including Kraken, LBank and KuCoin. The activity comes as Hyperliquid pursues U.S. market entry, putting sanctions and anti-money laundering issues in focus.

Crypto

Citi to launch bitcoin custody service, integrate with stock and bond platform

Citi will start offering bitcoin custody services for institutional clients within this year, Cryptopolitan reported. Citi said it plans to incorporate bitcoin into Custody+, the platform its Investor Services unit uses for traditional securities. Clients will be able to view and manage traditional holdings and bitcoin in one place. The bank said the service operates on a single framework shared by tokens and traditional securities and includes features such as real-time services and instant settlement.

Crypto

Circle to launch Arc mainnet on Sept. 16 with 11 founding validators including Visa and BlackRock

Circle will open the public mainnet of its own blockchain, Arc, on Sept. 16. It named 11 institutions including Visa, Mastercard and BlackRock as founding validators. Circle said more than 100 developers are involved under a private mainnet, and the testnet processed over 500 million transactions across about 3 million wallets. It also reported second-quarter revenue of $701 million and net income of $48 million.