Bolivia plans to launch digital currency to address cross-border payments

According to a statement from the US Department of Justice, Mohammed Azharuddin Chhipa, a 35 year old resident of Virginia, has been sentenced to 30 years and 4 months in prison for funding the terrorist organization ISIS. The evidence shows that from October 2019 to October 2022, the defendant raised funds through social media and drove hundreds of miles to collect cash in person, then converted more than 185000 dollars into cryptocurrency and transferred it to Türkiye, and finally to ISIS members in Syria. These funds were used to support ISIS militants and rescue detained female members. In December 2024, a federal jury found him guilty of five charges, including conspiring to finance foreign terrorist organizations.

According to unfolded. data, the trading volume of stablecoins reached a historical high of $1.82 trillion last month.

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BlockBeats News: On May 8th, according to crypto journalist Eleanor Terrett, the US Senate scheduled a procedural vote on the updated version of the stablecoin regulatory bill, the GENIUS Act, at 1:45 PM Eastern Time (1:45 AM Beijing Time on May 9th). It is reported that after late night negotiations and last few minutes of text updates between Republican and Democratic parties in the Senate, the voting situation will be a 'fierce showdown'. BlockBeats previously reported that the GENIUS Act, also known as the National Innovation Act to Guide and Establish US Stablecoins, is a legislation proposed by the US Senate on February 4, 2025, aimed at establishing a comprehensive regulatory framework for "payment stablecoins" within the United States to promote financial innovation, protect consumers, prevent illegal financial activities, and consolidate the dominant position of the US dollar in the global financial system.

According to Beincrypto, Ox.fun, a trading platform affiliated with Su Zhu, founder of Three Arrows Capital, has been accused of increasing the total number of OX tokens from 4.2 billion to 9.8 billion without prior notice. According to blockchain data, this operation resulted in the token's market value jumping from less than $5 million to approximately $17 million, raising doubts in the community about the transparency of the project team. The Ox.fun team responded that this additional issuance will be disclosed on social media through the "Ox Seasons" plan on April 1, 2025. The newly added 6 billion tokens will be locked in a multi signature wallet and gradually distributed to users according to the plan. The team emphasized that the contract casting function has been disabled to ensure transparency. However, the community still questions its communication lag, and some users believe that this move carries the risk of "soft rug pull". It is worth noting that Su Zhu's reputation was damaged due to the bankruptcy of Three Arrows Capital, and Ox.fun had a dispute with JefeDAO in February 2025. Despite the platform's explanation, the series of events continue to raise concerns about its financial stability.