CoinDesk

A research paper jointly authored by Elliptic, a blockchain analytics firm, and the MIT-IBM Watson AI Lab has shed light on patterns of illicit activity involving groups of bitcoin nodes and chains of transactions. The study aims to aid in the detection and prevention of illegal activities facilitated through the use of cryptocurrencies.

Restaking, a practice where users stake their tokens to earn rewards, has gained significant traction in the Ethereum ecosystem. With companies like Jito and others developing solutions for the Solana blockchain, there is potential for this trend to spread across different blockchain networks. The adoption of restaking mechanisms could have implications for token economics and user engagement within these ecosystems.

A report by the United Kingdom's Treasury department has revealed that between 2022 and 2023, the cryptocurrency sector, along with retail banking, wholesale banking, and wealth management, posed the highest risk of being exploited for money laundering activities.

Judge Richard Jones, presiding over a case involving the former CEO of Binance, revealed that he spent the weekend thoroughly reviewing the numerous letters of support submitted for the defendant. The judge stated that the volume of letters was so substantial that the book containing them eventually fell apart due to extensive handling.

Representative Patrick McHenry, the chairman of the House Financial Services Committee, has accused U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler of misleading Congress. McHenry stated that Gensler's agency was already aware that it considered certain crypto assets as securities before Gensler testified before Congress on the matter.

According to the provided information, there is a statement that something is conservative, although it is not specified what the subject of the statement is.

Advocates for long-awaited U.S. stablecoin legislation attempted to attach it to an unrelated must-pass reauthorization bill. However, leaders in the Senate and House of Representatives are reportedly seeking to keep the reauthorization bill free from such attachments, according to sources.

According to Paul Brody, the head of blockchain at EY, offshore firms currently dominate the list of the biggest cryptocurrency exchanges. However, Brody predicts that the center of gravity for these exchanges will move onshore in the future.

On Wednesday, April 26th, the U.S. Department of Justice arrested two co-founders of Samourai Wallet, a bitcoin wallet that offered mixing services. This move escalates the federal government's crackdown on cryptocurrency privacy tools and services.

According to the latest market data, all 20 cryptocurrencies tracked in the gauge experienced declines over the past week. Solana, Cardano, and Aptos were among the biggest losers, leading the overall downward trend in the cryptocurrency market.