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The US Treasury is reportedly seeking to expand its authority to sanction foreign crypto service providers to safeguard national security. Deputy Secretary Adeyemo highlighted challenges in tracking identities and movements of funds via cryptocurrencies in a statement for an upcoming Senate hearing.

The US Treasury is reportedly seeking to expand its authority to sanction foreign crypto service providers to safeguard national security.

Deputy Secretary Adeyemo highlighted challenges in tracking identities and movements of funds via cryptocurrencies in a statement for an upcoming Senate hearing.

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Summary of the day of 09 and May 🇺🇸 The Biden administration wants to veto a bill that would allow regulated financial companies to hold cryptocurrencies. 🌪 A user has transferred the crypto from Tornado Cash to a BlackRock wallet, the funds are marked with metadata such as "Tornado Cash Recipient". 2️⃣ Ethereum reduced its fees, but lost its deflationary criterion after the update. 🧬 Mastercard, in collaboration with CITI and JPMorgan banks, is testing a blockchain system for payments. 📉 The total volume of spot and derivatives markets fell by 43.8% in April to $6,580 billion after a record in March ($9,120 billion). 💎 Pantera Capital announced that it had invested a record amount in TON. 📊 Deutsche Bank analysts highlighted the risks for stablecoins, Tether responded with criticism. ⚖️ Former FTX director Sam Bankman-Fried is negotiating rice in prison and has lost 11 kg. 🇮🇳 Binance and KuCoin will resume their activities in India after paying fines. 🙃 The scammer who took 1,155 WBTC ($68 million) from a user returned 11,460 ETH ($34,700,000). 🚀 Jack Dorsey believes that bitcoin will reach $1 million by 2030 and beyond.
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Apple is reportedly nearing an agreement with OpenAI to integrate ChatGPT into the iPhone's next operating system, iOS 18, as part of its strategy to enhance AI capabilities across its devices.
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The US DOJ appointed Forensic Risk Alliance (FRA) to serve as the outside monitor over Binance. Binance must undergo a three-year monitorship as part of its plea deal with the DOJ related to illicit financial activity. 
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In a recent interview, SBF shared he is housed with over a dozen murderers but maintains his innocence and plans to appeal this fall. He humorously noted that rice has become the prison's makeshift currency, offering arbitrage opportunities.
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Binance and KuCoin have been registered with India's Financial Intelligence Unit. This is the first time offshore crypto related entities have been approved by India’s anti-money laundering unit. Binance and KuCoin were among more than 9 offshore entities banned by India, including Huobi, Kraken, Gate.io, Bittrex, Bitstamp, MEXC Global and Bitfinex.
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