Sky authorizes up to $2.5 billion to back Obex-incubated crypto yield projects

[U.S. Congress Approves Mandatory Disclosure of Epstein Case Files] On the 18th local time, the U.S. Senate approved a bill mandating the disclosure of files related to the Epstein case. Earlier that day, the House of Representatives voted to require the Department of Justice to release all Epstein case files. President Trump had previously expressed support for making the relevant files public. Since the House reconvened on the 12th of this month, Democrats and Republicans have alternately disclosed portions of the Epstein case files, accusing high-ranking figures from the opposing camp of having connections to Epstein. These figures include Trump, former Democratic President Bill Clinton, former Treasury Secretary Larry Summers, and former White House Counsel Kathryn Ruemmler, among other officials who served in Democratic administrations.

[Coinbase and Kalshi Collaborate to Develop Prediction Market Platform] Coinbase and Kalshi collaborate to develop a prediction market platform.

[Coinbase CEO Says U.S. Crypto Regulatory Legislation Progressing Smoothly, Looks Forward to CLARITY Act Review in December] Coinbase CEO Brian Armstrong stated that he is advocating for crypto market structure legislation in Washington and has seen positive progress since his last visit. He hopes the CLARITY Act will be reviewed in December and submitted for the President's signature. Armstrong said the act will provide clear rules for the U.S. crypto industry, help unlock the industry's potential, protect users, and support business growth.

[Crypto ATM Operator Virtual Assets and CEO Accused of Laundering $10 Million] The U.S. Attorney's Office for the Northern District of Illinois announced that cryptocurrency ATM operator Virtual Assets LLC and its CEO Firas Isa were charged with money laundering this Tuesday. Prosecutors allege that Isa and the company assisted criminals in laundering at least $10 million through cryptocurrency. The funds involved were deposited into the company's accounts, converted into cryptocurrency, and transferred to digital wallets. If convicted, Isa could face up to 20 years in prison. Currently, Isa and the company have pleaded not guilty to the charges.

[Kraken Receives $200 Million Investment from Citadel Securities, Valuation Reaches $20 Billion] Cryptocurrency exchange Kraken has received a $200 million strategic investment from market maker Citadel Securities, valuing Kraken at $20 billion in this transaction. Citadel Securities, founded by Ken Griffin, is one of the largest market makers in the world. Kraken Co-CEO Arjun Sethi stated that the funding will be used to accelerate global expansion plans and strengthen integration with the traditional financial system.