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🧵 5. Despite Chinese authorities cracking down on crypto-related crimes, enforcing bans on international payments poses challenges due to the industry's borderless nature, says TRM Labs.

🧵 4. Chainalysis suggests that as long as China's crypto regulations remain stringent, OTC services may thrive in a regulatory gray area, expected to grow over time.

🧵 3. Around 55% of OTC crypto transactions in China exceeded $1 million, raising questions on whether they were conducted by individuals or businesses, the study finds.

🧵 2. Following bans on crypto trading and mining, Chinese traders turn to OTC and P2P methods to avoid detection, according to a study cited by Bloomberg.

🧵 1. Citibank's Global Family Office 2024 Survey reveals rising interest in crypto assets among family offices, with 25% already invested or planning to. #crypto

🧵 1. Ethereum-based DeFi protocol, CoW, rallies on Coinbase support. Token rises 14% after being listed on the US crypto exchange. #crypto

🧵 1. Despite China's crackdown on crypto, OTC brokers in the nation attract $75 billion in funding over 9 months, per Chainalysis data reported by Bloomberg. #crypto

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🧵 5. If accepted by the SEC, Mango Markets will be required to destroy or make unavailable all MNGO tokens held within 10 days of acceptance of the settlement terms.

🧵 4. Mango DAO members approved a settlement proposal to SEC involving a $233,228 civil penalty payment and a commitment to cease offering MNGO tokens through interstate commerce.

🧵 3. Investigation stems from crypto trader mishandling $110 million worth of digital assets within Mango Markets in 2022, leading to scrutiny by CFTC and SEC.

🧵 2. Mango DAO and associated entities proposed to pay the civil penalty to resolve allegations of violating commodity regulations, with possible agreement to cease and desist actions.

🧵 1. Solana-based DEX Mango Markets sets $500,000 settlement with CFTC following investigations into mishandling of digital assets by its decentralized autonomous organization (DAO). #crypto

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🧵 5. Government's hunger for money and power is driving the push for a digital currency, putting citizen financial privacy and autonomy at risk. Stay vigilant.

🧵 4. FBI and Justice Dept. are gearing up with a cryptocurrency enforcement team to investigate crimes and seize assets, as government eyes digital money control.

🧵 3. The rise of central bank digital currency favored by Biden and cryptocurrencies hawked by Trump will enable easier citizen tracking and control.

🧵 2. Government's insatiable greed has led to new ways to fund its excesses: taxes disguised as fines, fees, tolls. Now, get ready for the digital dollar.

🧵 1. Beware govt's push for digital currency—it wants your money no matter what. Schemes to swindle taxpayers abound, feeding corporate elite at our expense. #crypto