Markets

Kanye West Launches Token on Solana in Frenzied Debut

In brief YZY surged to a multibillion-dollar valuation within an hour of launch before tumbling. The token is framed as part of a broader “YZY Money” payments ecosystem. On-chain data shows 70% of supply sits in a single wallet, raising centralization concerns. Hip-hop artist Kanye West has made his first direct move into crypto with…

Law and Order

US Treasury Seeking ‘Innovative Methods’ to Detect Illicit Crypto Activity

In brief The U.S. Treasury is seeking public comment on innovative technologies like AI, blockchain monitoring, and digital ID verification to detect illicit cryptocurrency use, with responses due October 17. Industry experts believe privacy and compliance can be balanced through zero-knowledge proofs and reusable KYC credentials that verify users without exposing personal data. The Treasury…

Coins

Illegal Bitcoin Mining on the Rise in Tajikistan and Kazakhstan

In brief Illegal crypto miners in Tajikistan caused $3.52 million in damages in the first half of 2025, the country’s Attorney General said. Authorities in Kazakhstan recently cracked down on crypto miners using illegally sourced energy, pointing to a growing problem in Central Asia. Experts told Decrypt that Central Asia’s combination of cheap costs and…