CZ Pleads Guilty to US AML Violations Amid Binance Scrutiny
Changpeng Zhao (CZ) has pleaded guilty to U.S. Anti-Money Laundering (AML) violations amid Binance and Zhao's media scrutiny. Reports detail billions in investments from UAE-linked entities into WLFI USD1, a project for which Binance provided technology and promotional support, and have highlighted political ties, lobbying efforts, and discussions about potential pardons.
A House probe is demanding documents related to WLFI, concerning a $500 million UAE royal stake and the role of the $USD1 stablecoin in a reported $2 billion Binance deal, investigating national security and conflict issues. Investigators on Binance's compliance team reportedly uncovered evidence that entities tied to Iran received over $1 billion through the exchange from March 2024 through August 2025, potentially violating sanctions laws.
Approximately 11 hours prior to these reports, WLFI treasury company Alt5 Sigma transferred 75.8 million $WLFI tokens ($8.02 million) to World Liberty FI. In the 24 hours preceding the reports, $WLFI declined by 2.50% to $0.10, ranking among the top 10 crypto losers.
SWIFT Integrates Bitcoin Blockchain Shared Ledger
SWIFT has officially announced an upgrade to its global infrastructure, incorporating a Bitcoin ($BTC) blockchain-based shared ledger component, marking a move for global banking towards adopting on-chain technology.
Brazil Congress Proposes 1 Million $BTC Reserve Bill
Brazil's Congress has officially introduced a legislative bill proposing the acquisition of 1,000,000 $BTC to establish a national strategic reserve. This legislative action reintroduces a previous effort to stockpile Bitcoin as a national asset, aiming to integrate cryptocurrency into the nation's financial reserves and diversify holdings.
Brazil's consideration of a national Bitcoin reserve follows a trend seen in countries like El Salvador, which adopted Bitcoin as legal tender, and others exploring similar treasury diversification strategies.
Goldman Sachs Reveals $2.3 Billion Crypto Holdings
Goldman Sachs disclosed $2.3 billion in cryptocurrency holdings. The portfolio includes $1.1 billion in $BTC, its largest digital asset allocation, followed by $1 billion in $ETH, $153 million in $XRP, and $108 million in $SOL.