US authorities have restrained roughly $52 million in scam-linked crypto in a single day and seized the Telegram channels of Xinbi Guarantee, a Chinese-language illicit marketplace. Elliptic says its multi-year tracking of Xinbi’s wallets enabled the Secret Service to act. Treasury sanctions landed the same day.
"Financial institutions and market infrastructure are moving to always-on operations with tokenization at the core," said David Cunningham, President of Consensys.
Barclays raised its year-end S&P 500 target to 7,950 from 7,800 on Wednesday, leaving roughly 4% upside from the index’s latest close. The bank pointed to durable demand for artificial intelligence (AI) and repeated beat-and-raise results from Big Tech, which kept earnings momentum intact. The Earnings Math Behind