Lee | Ju.Com
Lee | Ju.Com2025-10-21 09:47

📣 Canada Province Shuts Door on New Crypto Mining Ventures — Here’s Why?

Canadian province British Columbia has moved to ban new cryptocurrency mining projects, tightening control over how its clean electricity is used and ensuring the province’s vast hydroelectric power benefits higher-value industries.

The province’s energy ministry said on Monday that BC Hydro, a government-owned utility, will no longer accept new grid connection requests for crypto mining.

The move comes after a two-year moratorium introduced in 2022, which officials say will now become a long-term policy aimed at protecting energy supplies and avoiding grid strain.

Move Aims To Protect Electricity Supply For Job-Intensive And Revenue-Generating Projects

BC, a global exporter of natural resources such as lumber, minerals and hydropower, plans to redirect available electricity toward industries that create more jobs and revenue for local communities. Future grid connections will be prioritized for sectors like natural gas processing, hydrogen production and manufacturing.

The government said cryptocurrency mining consumes a large amount of energy. However, it provides little economic benefit to the province. Officials believe that redirecting electricity to industries with higher employment and investment potential will create greater public value.

In comparison, pending crypto projects would have demanded more than 11,700 gigawatt-hours of power each year. That is enough electricity to supply hundreds of thousands of homes across British Columbia.

Province Targets Balanced Grid Expansion Linking Energy Supply To Job Creation

The permanent restriction is part of a broader set of energy policy reforms planned for late 2025. These reforms will determine how industrial electricity is distributed across the province. They will also set rules for fast-growing, high-consumption sectors such as data centers and artificial intelligence.

In early 2026, BC Hydro will begin a competitive bidding process to allocate 400 megawatts of power. Of this, 300 megawatts will go to AI projects and 100 to general data centers. The process will run over two years. Meanwhile, traditional sectors such as mining, oil and gas, forestry and manufacturing will continue to have unrestricted access to industrial power, the ministry said.

By 2026, construction on new transmission lines is expected to start. The expansion will continue through 2034 to strengthen BC’s grid and meet rising industrial demand. Officials said this long-term approach will help link power development with the province’s goals of job creation and economic diversification.

BC’s Move Reflects Global Shift Toward Powering AI Over Energy-Hungry Crypto Mining

The moratorium introduced in 2022 followed a sharp rise in crypto mining activity across British Columbia. Many companies were drawn to the province by its low-cost and renewable hydroelectric power.

Soon after, BC joined other provinces such as Manitoba and Quebec in restricting crypto-related electricity use. The decision came amid growing environmental concerns and the instability of digital asset markets.

At the time, policymakers warned that crypto mining consumed vast amounts of energy. They feared it could divert clean power away from households, hospitals and critical industries. Moreover, they questioned whether the largely automated mining operations brought any real employment or economic value to local communities.

Since then, the government’s priorities have evolved. Officials now see greater long-term benefits in supporting AI and industrial projects that rely on stable electricity and generate stronger tax and job contributions. They say the move aligns with BC’s broader climate objectives and its transition toward a more resilient economy.

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2025-10-21 09:48

📣 Canada Province Shuts Door on New Crypto Mining Ventures — Here’s Why?

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😱 Bitcoin in a Death Cross: How Low Will We Go?📛📛

Bitcoin bags are getting blown out today, as the price of BTC falls to nearly $80,000 and marks a new seven-month low.

  • The continued downward pressure on its price has pushed Bitcoin into a so-called death cross—when the average price of an asset over the short term falls below the average price over the long term. It’s a technical pattern that typically signals extended bearish momentum. For traders who study charts, it confirms what permabulls don’t want to hear: It’s over—at least for now.
  • It’s happening as the crypto market as a whole shrinks to $2.91 trillion, shedding nearly $60 billion in the past 24 hours alone. Almost every single coin in the top 100 by market cap is bleeding red.
  • The Fear and Greed Index, which measures market sentiment on a scale from 0 to 100, has cratered to 14 points—just four points above the year's low of 10 back in February. When this index drops below 20, it signals "extreme fear," and right now, traders are absolutely terrified.
  • But it's not just crypto drama driving the market selloff. The macro picture is turning nasty. Just weeks ago, markets were pricing in a 97% chance the Federal Reserve would cut interest rates in December. Now? Those odds have collapsed to somewhere between 22% and 43%, depending on which metric you check.
  • Fed officials are openly divided, with many signaling they'd prefer to keep rates unchanged through year-end. For risk assets like crypto that thrive on easy money, this is poison.
  • On Myriad, a prediction market developed by Decrypt’s parent company Dastan, traders are now overwhelmingly convinced that Bitcoin will not mark a new all-time high this year, placing odds at almost 90% that BTC will not top the $126K mark that it hit on October 6.
  • The bearish vibes are so strong, Myriad traders also currently place 40% odds that Bitcoin falls as low as $69K. So how low will it go? Here’s what the charts say.
  • Bitcoin opened today at $86,691 and immediately sold off, hitting an intraday low of $80,620 before bouncing slightly to its current price at $85,187. That's a 1.61% drop on the day after being almost 5% down over the last 24 hours. More importantly, for traders, it further confirms the death cross pattern that's been progressively forming since its all-time high in early October. The death cross pattern was first confirmed on Wednesday as Bitcoin slid to around $88,000—now it’s fallen deeper.
  • Here's what's happening on the charts: Exponential Moving Averages, or EMAs, help traders identify trend direction by tracking the average price of an asset over the short, medium, and long term. When the short-term 50-day EMA falls below the longer-term 200-day EMA, it means bears are in control and the longer-term bull market structure has been broken.
  • For Bitcoin, the 50-day EMA has now decisively crossed below the 200-day EMA. In short, this tells traders market momentum has shifted from bullish to bearish. The gap between both EMAs increases the more the price of BTC trades below those targets—and the bigger the gap, the stronger the trend.
  • The price of Bitcoin is now trading well below both EMAs, which creates a situation where each bounce attempt faces immediate resistance, increasing the gap between the two EMAs, making the bearish trend even stronger. Bulls trying to push higher will need to first reclaim the 50-day EMA, then tackle the 200-day—a double wall of resistance that's historically tough to crack in one go.
  • As for other technical indicators, the Average Directional Index, or ADX, sits at 41, which is considered "strong." ADX measures trend strength regardless of direction, with readings above 25 indicating a clear trend is in place. At 41, this tells us we’re not seeing just a minor correction, but a potentially extended move lower.
  • The Relative Strength Index, or RSI, has plunged to 23.18, placing Bitcoin deep in oversold territory. RSI measures momentum on a scale from 0 to 100, with readings below 30 signaling oversold conditions where assets are potentially undervalued. However, "oversold" doesn't mean the selling has to stop—in strong downtrends, RSI can remain in oversold territory for extended periods as prices continue grinding lower. But, yes, this also provides hopium for momentum traders as it signals that the worst of it may be over. (The worst being an accelerated crash, not necessarily a steady drop.)
  • The Squeeze Momentum Indicator is flashing "bearish impulse," meaning selling pressure is intensifying rather than easing. Meanwhile, the Volume Profile Visible Range (VPVP) shows the price of Bitcoin trading "below" key volume nodes, suggesting there's not much buying interest at current levels.
  • So, everything is bearish, clearly. But where's the next support? How low can the price of BTC go? The chart reveals several key horizontal levels to watch.
  • The immediate danger zone is $80,697, which briefly held today but looked shaky. If that breaks, the next major support sits at $74,555, followed by $65,727, and potentially all the way down to $53,059 if panic really sets in during a crypto winter. Those price levels have previous consolidation zones where significant trading volume accumulated, making them natural landing spots for oversold bounces.
  • For resistances, traders will watch for BTC’s price breaking past $90,000 again and look at $100,000 as the major psychological target.
  • Ethereum opened at $2,830.7 and dropped as low as $2,621 intraday before stabilizing around $2,798—a 1.16% loss on the day. While not as dramatic as Bitcoin's selloff, ETH's technical picture is equally concerning.
  • Unlike Bitcoin, Ethereum hasn't fully confirmed its death cross yet—the 50-day EMA is still technically above the 200-day, giving it a "long" signal on an indicator that is obviously hours away from changing to bearish. The gap is razor-thin and closing fast. More importantly, ETH’s price is trading well below both EMAs, rendering that technical distinction somewhat meaningless. The bearish momentum is clearly established.
  • A good way to see the natural support zones is using the Fibonacci retracements: a set of natural clusters that appear during a trend, showing supports and resistances in a specific timeframe—not because of price, but because of natural proportions.
  • Right now, ETH is testing the 0.618 Fibonacci level at approximately $2,755. If this level breaks, the next Fibonacci support doesn't appear until $2,180, which would represent a massive 22% drop from current prices, and would resolve a price market on Myriad betting on ETH’s moon or doom.
  • The ADX for Ethereum is even stronger than Bitcoin's at 46, indicating the downtrend is rock-solid. Meanwhile, RSI sits at 28.46—not quite as oversold as Bitcoin but definitely in stressed territory. The Squeeze Momentum Indicator shows "bearish impulse" here too, confirming sellers are in control.
  • XRP is showing relative strength compared to its larger peers, down just 0.50% to close at $1.98 after opening at $1.99 and hitting an intraday low of $1.81796. Don't let that modest percentage fool you though—the technical damage is real.
  • Like Bitcoin, the Ripple-linked XRP has confirmed a full death cross with its 50-day EMA now below the 200-day. The price of XRP is trading beneath both EMAs, and with an ADX of 32, the downtrend has enough strength to continue. While 32 isn't as extreme as Bitcoin's 41 or Ethereum's 46, it's still well above the 25 threshold that confirms a trend is in place rather than just random chop.
  • The RSI at 32.86 shows XRP is approaching oversold territory but hasn't quite reached the extreme stress levels of Bitcoin and Ethereum. This could mean two things: either XRP has more downside before finding equilibrium, or it's showing genuine relative strength that could make it a safer harbor if the broader market continues tanking.
  • XRP had such a crazy year that its price action shows only two major horizontal support levels that should concern XRP holders—and that would be very painful for hodlers, considering the movement from the all-time high to those targets.
  • The next major support zone sits at $1.589, which represents a potential 20% drop from current levels. If that breaks, there's very little support until $0.66, a catastrophic 67% plunge from current prices and almost 80% from all-time high zone that would take XRP back to early 2024 levels.

The Squeeze Momentum Indicator is showing "bearish impulse," and like the other coins, the volume profile indicates XRP’s price is trading below key volume levels, meaning there's not much buying interest stepping in to defend current prices.

#Bitcoin #BitcoinDeathCross #Jucom #cryptocurrency #blockchain $BTC/USDT $JU/USDT $ETH/USDT

📛 Cardano Network Disrupted by 'Poisoned' Transaction Attack.

The price of Cardano (ADA) was down on Friday after the blockchain suffered an unexpected chain split, which was caused by a malformed delegation transaction that triggered a software flaw. That created problems for Cardano users, and prompted a public apology from the user who claimed that they caused it.

  • Intersect, the Cardano ecosystem’s governance organization, said in an incident report that the divergence began when the malformed transaction passed validation on newer node versions, but nodes running older software rejected it.
  • “This exploited a bug in an underlying software library that was not trapped by validation code,” Intersect wrote. “The execution of this transaction caused a divergence in the blockchain, effectively splitting the network into two distinct chains: one containing the ‘poisoned’ transaction and a ‘healthy’ chain without it.”
  • Earlier that day, Cardano co-founder Charles Hoskinson posted on X that it was a “premeditated attack from a disgruntled [stake pool operator]” who was “actively looking at ways to harm the brand and reputation of [Cardano developer Input/Output Global].”
  • According to Hoskinson, all Cardano users were impacted. The price of Cardano’s token ADA was down more than 6% recently, following the incident.
  • According to the incident report, the mismatch caused operators to build blocks on different branches of the chain until patched node software was deployed. Developers and service providers coordinated an emergency response, and operators were urged to upgrade to rejoin the main chain.
  • Intersect said the wallet responsible for the malformed transaction has been identified, while Hoskinson said it will take weeks to clean up the mess.
  • “Forensic analysis suggests links to a participant from the Incentivized Testnet (ITN) era,” Intersect wrote. “As this incident constitutes a potential cyberattack on a digital network, relevant authorities, including the Federal Bureau of Investigation, are being engaged to investigate.”
  • Hours after the incident, an X user posting under the name Homer J. said they were responsible for submitting the transaction that triggered the split.
  • “Sorry Cardano folks, it was me who endangered the network with my careless action yesterday evening,” they wrote, describing the attempt as a personal challenge to reproduce the “bad transaction” and said he relied on AI-generated instructions while blocking traffic on their server.
  • “I've felt awful as soon as I realized the scale of what I've caused. I know there's nothing I can do to make up for all the pain and stress I've caused over the past X hours,” they added. “Difficult to quantify the negligence on my behalf. I am sorry, I truly am. I didn't have evil intentions.”
  • Homer wrote that he did not sell or short ADA, did not coordinate with anyone else, and did not act for financial gain. “I'm ashamed of my carelessness and take full responsibility for it and whatever consequences will follow,” he said.
  • According to Intersect, no user funds were lost, and most retail wallets were unaffected because they were running node components that handled the malformed transaction safely.
  • Hoskinson, the outspoken co-founder of Cardano, claimed in a video message that the network “didn’t go down,” though users did encounter issues before the problem was fixed.

“It is important to note that the network did not stall. Block production continued on both chains throughout the incident, and at least some identical transactions appeared on both chains,” Intersect wrote. “However, to ensure the integrity of the ledger, exchanges and third-party providers largely paused deposits and withdrawals as a precautionary measure.”

#Cardano #CardanoNetwork #Jucom #cryptocurrency #blockchain $ADA/USDT $JU/USDT $BTC/USDT

⭐️⭐️⭐️#InternationalNews

A UK operation against Russian sanctions evasion has resulted in 128 arrests and the seizure of $32.6 million in cryptocurrency and cash.

The UK's National Crime Agency (NCA) has revealed that a UK-led operation to crack down on Russian sanctions evasion has resulted in the arrest of 128 people and the seizure of $32.6 million in cryptocurrency and cash.🚨🚨🚨

The operation, dubbed "Operation Destabilize," was first announced in 2024. As of December last year, it had resulted in 84 arrests and the seizure of $25.5 million.💡💡💡

However, the latest NCA data shows that the operation has also resulted in the arrest of a further 45 people suspected of money laundering and the seizure of more than $6.6 million in cash.⭐️⭐️⭐️

#InternationalNews #cryptocurrency #blockchain #Jucom #finance $BTC/USDT $ETH/USDT $JU/USDT

💢 Bitcoin Just Wiped Out All Its 2025 Gains. What Would a “Crypto Winter” Look Like?

It’s been just over a month since Bitcoin hit an All-Time-High of $126,272.76 on October 6 , but things have gone from bad to worse since then. Now, that peak seems like a distant memory.

  • Bitcoin fell more than 9% in the week ending November 14 , and was trading below $92,000 on Monday. The sharp decline — partly due to whales selling — has pushed BTC below several key technical levels.
  • Last week, Bitcoin entered a “bear market,” meaning it fell 20% or more from its recent peak. Over the weekend, BTC also appeared in a “death cross” technical pattern — when the 50-day moving Medium crossed below the 200-day Medium . Not only that, Bitcoin officially wiped out all of its gains for 2025 .
  • All these signals indicate that negative sentiment is surrounding Bitcoin. But does that mean “crypto winter” is coming?
  • “ I don’t think we’re in a crypto winter. I think we’re seeing Bitcoin mature ,” Louis LaValle, CEO of Frontier Investments, told MarketWatch.
  • He argues that this is not a typical recession model where people give up, prices crash 70–80%, liquidation disappears, and interest evaporates. Instead, Bitcoin is going through a market structure shift , not a traditional bear cycle.

Beware of margin call risk

  • Kevin Kelly — portfolio manager at Amplify ETFs — said that in the past, Bitcoin has often fallen in price without institutional involvement.
  • But this bear cycle is quite different because BTC is now a “mature asset,” with more liquidation and more institutional acceptance, such as JP Morgan reportedly accepting Bitcoin as collateral .
  • Data from CryptoQuant shows that investors who are selling BTC are still profitable , meaning there are no signs of capitulation or margin calls. However, retail investors are not buying the Dip , while whales are buying at low prices.
  • CryptoQuant's Julio Moreno said that the amount of BTC held in US ETFs has dropped sharply from 441,000 BTC on October 10 to just 271,000 BTC, reflecting weak demand from the US. At the same time, the " Medium order" in the spot market also shows that retail has not returned.

Technical perspective

  • While on-chain data hasn't shown anything too serious, weak demand hasn't been enough to stop the sell-off.
  • Analyst Luke Lango said the recent death cross is a worrying sign. He noted that over the past 13 years, every time Bitcoin broke the 50-week moving Medium during a bull run, the market crashed in the following 1-2 years.
  • BTC is now down about 27% from its recent peak — still within “normal range,” as the Medium Bitcoin bear market decline is about 30.8% (based on data going back to 2014). In 2022, there have been two declines of more than 45%.
  • Kelly said that tightening global liquidation , the Fed's delay in cutting interest rates, and the TGA's withdrawal of liquidation from the system have made BTC much more vulnerable.
  • He assessed the current situation as a combination of weak liquidation , continuous sell-offs, and declining sentiment , rather than a single shock.

“The Zone of Extreme Fear”

  • The market has entered “extreme fear territory” after Bitcoin failed to hold the psychological $100,000 mark, according to Kelly.
  • But investors have not lost interest. After the hot growth period since the January 2023 Dip , a “digestion wave” is normal.
  • History also shows that when the market falls into “extreme fear zones,” it is a good opportunity to cash in — especially for long-term investors who Medium over time.

Macro still favors Bitcoin

  • Frank Holmes — co-founder of HIVE Digital Technologies — says the macro backdrop is becoming more positive for both Bitcoin and gold.
  • “ Excessive government spending and constant money printing create long-term support for scarce and decentralized assets ,” he observed.

Holmes also emphasized that even if new user growth slows in the short term, structural trends such as rising debt, monetary expansion, and geopolitical Shard still favor Bitcoin in the long term.

#Bitcoin #CryptoMarket #Jucom #cryptocurrency #blockchain $BTC/USDT $ETH/USDT $JU/USDT

‼️ Crypto Market Hints at a Two-Year Post-Thanksgiving Pattern Returning!
  • The crypto market is showing its first meaningful recovery after a harsh November sell-off, and several metrics now resemble the same conditions seen around Thanksgiving in both 2022 and 2023.
  • Bitcoin has reclaimed the $91,000 level, ETH is back above $3,000, and the wider market has returned to a cautious green. This bounce comes as traders enter a long US holiday weekend that has historically set the tone for December.

Market Indicators Turn Positive After Weeks of Fear

  • Fear and Greed Index data shows sentiment improving from 11 last week to 22 today, although it remains in “Extreme Fear.”
  • This shift aligns with a steady rise in average crypto RSI, which climbed from 38.5 seven days ago to 58.3 today. The reading signals growing strength after deep oversold conditions earlier in the month.
  • Momentum also flipped. The normalized MACD across major assets has turned positive for the first time since early November.
  • About 82% of tracked cryptocurrencies now show positive trend momentum. Bitcoin, Ethereum, and Solana appear in the bullish zone of CoinMarketCap’s MACD heatmap.
  • Price action supports this shift. Bitcoin is up 6% on the week. Ethereum has gained nearly 8%. Solana climbed almost 8% in the same period.
  • The market cap has grown to $3.21 trillion, rising 1.1% over the last 24 hours.

A Familiar Post-Thanksgiving Setup Has Emerged

  • The current recovery mirrors a structure seen twice before. In both 2022 and 2023, the market entered Thanksgiving after a sharp drawdown and then stabilized into December.
  • In 2022, Bitcoin fell to near $16,000 following the FTX collapse. By Thanksgiving, selling pressure had exhausted, and the market traded sideways into Christmas.
  • It was a deep bear consolidation phase rather than a rally.
  • In 2023, Bitcoin entered Thanksgiving at $37,000 after a steep September-October correction. Strong ETF expectations and improving liquidity conditions pushed BTC to $43,600 by Christmas. It was a classic early-bull December rally.
  • This year, the pattern again repeats one familiar element: the November crash came early, and by Thanksgiving, selling momentum had eased.
  • Bitcoin’s 90-day Taker CVD has shifted from persistent sell dominance to neutral, signalling that aggressive sellers have stepped back. Funding rates and leverage data support the same interpretation.

BREAKING: The S&P 500 closes the day +0.7% higher, adding +$2.5 trillion of market cap since last week’s low. Happy Thanksgiving to all! pic.twitter.com/tsjKylr5UV

Liquidity Damage Still Shapes the Current Cycle

  • BitMine chairman Tom Lee described the market as “limping” after the October 10 liquidation shock.
  • He said market makers were forced to shrink their balance sheets, weakening market depth across exchanges. That fragility persisted through November.
  • However, Lee also argued that Bitcoin tends to make its biggest moves in short bursts when liquidity recovers. He expects a strong December rally if the Federal Reserve signals a softer stance.
  • On-chain data aligns with this view. Nexo collateral figures show users still prefer borrowing against Bitcoin rather than selling it.
  • BTC makes up more than 53% of all collateral on the platform. This behavior suppresses immediate sell pressure, helping stabilize spot markets. But it also adds hidden leverage that could amplify future volatility.

'@Nexo users aren’t selling their Bitcoin, they’re borrowing against it. BTC now accounts for 54.3% of all collateral on the platform, holding a steady 53–57% range for months. It confirms Bitcoin is the dominant asset users leverage when they need liquidity. pic.twitter.com/bhmL9UdUvO

We May Be Entering a Two-Year Holiday Pattern

Three factors now look similar to the post-Thanksgiving conditions of 2022 and 2023:

  • Seller exhaustion: Taker CVD shifting to neutral signals the end of forced selling for now.
  • Momentum recovery: MACD and RSI metrics have reversed sharply after bottoming earlier in November.
  • Liquidity stabilization: Market makers are still wounded, but volatility has cooled, and ETF outflows have slowed.

If this pattern continues, December could produce one of two outcomes based on the last two years:

  • A sideways consolidation like 2022 if liquidity remains thin.
  • A short, sharp rally like 2023 if macro conditions turn supportive.

The deciding factor will likely be the Federal Reserve’s tone in early December and the behavior of Bitcoin ETF flows. Thin liquidity means even moderate inflows could move prices quickly.

#Bitcoin Testing 90k if it holds its the first step to a Santa Rally pic.twitter.com/QhHQNfDQPk

December May Deliver a Large Move in Either Direction

  • The market has entered a transition phase rather than a clear trend. Sentiment is still extremely fearful, but price and momentum indicators show recovery.
  • Bitcoin’s position above $91,000 suggests buyers are willing to defend key levels, yet order-book depth remains weak.
  • With selling pressure fading and technical momentum rising, the environment now resembles the same post-Thanksgiving setups that marked the last two end-of-year cycles.

Bitcoin dominance looks weak here. ETH/BTC is holding above the 0.03-0.032 support zone. It seems like we could see ETH outperformance in December. pic.twitter.com/IRQS05mETi

  • If the pattern holds, December will not be flat. It will likely bring a decisive move as liquidity conditions shift.
  • The direction, however, will depend less on crypto narratives and more on macro signals and ETF demand in the coming weeks.
  • The post Crypto Market Hints at a Two-Year Post-Thanksgiving Pattern Returning appeared first on BeInCrypto.

Average Crypto RSI On Thanksgiving 2025. Source: CoinMarketCapAverage Crypto MACD On Thanksgiving 2025. Source: CoinMarketCapBitcoin Performance Between Thanksgiving and Christmas (2021–2024) #CryptoMarket #Thanksgiving #Jucom #cryptocurrency #blockchain $BTC/USDT $JU/USDT $ETH/USDT

📛 Bitcoin ATM Company Founder Charged in Alleged $10 Million Money Laundering Scheme!

The U.S. Department of Justice on Tuesday charged the founder of a Chicago-based crypto ATM company with taking in at least $10 million in criminal proceeds, and moving the money into digital wallets to conceal its origins.

  • The indictment, unsealed in the Northern District of Illinois, accused Firas Isa of running the operation through Virtual Assets LLC, a company that did business as Crypto Dispensers and operated cash-to-cryptocurrency ATMs across the United States.
  • According to the filing, victims and criminals sent the funds to Isa, his company, or a co-conspirator. While Bitcoin ATMs are supposed to institute know-your-customer (KYC) policies to curb money laundering through the machines, prosecutors said Isa converted the illicit funds the Crypto Dispensers ATMs received into cryptocurrency before transferring it to other wallets.
  • “The indictment alleges that Isa knew the money was derived from fraud,” the DOJ wrote.
  • The DOJ did not say in the indictment which cryptocurrencies or wallet providers were allegedly used by Isa in the scheme. Isa did not immediately respond to a request for comment by Decrypt.
  • Isa and Virtual Assets LLC were each charged with one count of money-laundering conspiracy, a charge that carries a maximum sentence of 20 years in federal prison. Both entered not-guilty pleas. A status hearing was set for January 30, 2026, before U.S. District Judge Elaine Bucklo.
  • The charge arrived at a time when federal prosecutors are adjusting how they police the crypto market. In April, the Justice Department said it would dissolve its National Cryptocurrency Enforcement Team and stop bringing criminal cases against exchanges, mixing services, or cold-wallet holders for the actions of their users.
  • Last week, the DOJ, FBI, and U.S. Secret Service announced a new Scam Center Strike Force aimed at combating crypto scams that originated in China.
  • Prosecutors noted that the indictment against Isa and Virtual Assets is an allegation, and they are presumed innocent unless the government proves guilt beyond a reasonable doubt.

If Isa or Virtual Assets LLC were convicted, they would be required to forfeit any property involved in the alleged money-laundering offense, including a personal money judgment, and the government could seek substitute assets if the original property could not be recovered.

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