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Crypto News: Key Developments and Fraud of the Week

Crypto News: Key Developments and Fraud of the Week

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by Giorgi Kostiuk

7 hours ago

This week, the cryptocurrency market witnessed various significant events, including high-profile partnerships and initiatives to address fraud.

SBI Holdings Welcomes Ripple Stablecoin

Tokyo-based financial services giant SBI Holdings has agreed to collaborate with Ripple to introduce the RLUSD stablecoin to Japan. The partnership aims for a market launch in the first quarter of 2026.

Interpol Coordinates Cybercrime Crackdown

Operation Serengeti 2.0 resulted in over 1,200 arrests across 18 African nations and the United Kingdom. The operation targeted criminals who victimized 88,000 individuals through various schemes including cryptocurrency fraud, with authorities confiscating over $97.4 million.

VanEck Submits JitoSOL ETF Application

Global investment management firm VanEck has filed registration documents with the U.S. Securities and Exchange Commission for a proposed JitoSOL ETF tracking the liquid staking token.

These events highlight the dynamic development of the cryptocurrency market, encompassing partnerships, anti-fraud efforts, and innovations in investment products.

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