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The FBI has dismantled a cryptocurrency money laundering platform operated by Russians, with the case involving more than $70 million.

11 hours ago

December 19: The U.S. Department of Justice (DOJ) announced that the Federal Bureau of Investigation (FBI) has partnered with European law enforcement agencies to take down E-Note—a major multinational money laundering platform that provided cryptocurrency cash-out services for cybercriminals. Operated by a Russian national, the platform processed over $70 million in illicit funds since 2017, including assets extorted and stolen from U.S. victims. The U.S. Attorney’s Office for the Eastern District of Michigan has indicted 39-year-old Russian national Mykhalio Petrovich Chudnovets on charges of money laundering conspiracy. Prosecutors allege that since 2010, the suspect has helped transnational criminal organizations launder proceeds of crime and convert cryptocurrency to cash via his controlled E-Note payment processing service. Law enforcement has seized the platform’s servers, mobile apps, and related domain names. If convicted, Chudnovets faces a maximum 20-year prison sentence.
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Bubblemaps: Upon the launch of the AVA token in November last year, 23 wallets associated with the deployer front-ran, acquiring approximately 40% of the token's initial supply

On December 19th, it was noted that the AI agent token AVA—backed by Holoworld AI—launched in November 2024. Twenty-three wallet clusters linked to the token’s deployer amassed roughly 40% of AVA’s total supply at issuance. Just ahead of its launch, these wallets received funding from exchanges Bitget and Binance and purchased AVA during the token’s launch phase.

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Walther has completed the interview, with Polymarket's prediction market currently indicating a 14% probability of him being the next Chair of the Federal Reserve.

**December 19** Federal Reserve Governor Waller and former President Trump held a "productive interview" Wednesday regarding the Federal Reserve Chair role. Per Polymarket odds: - 14% chance Waller becomes the next Fed Chair - Waller’s nomination probability has fallen to 21% - Kevin Hassett’s nomination odds have risen to 56% Previously reported: Senior administration officials said the pair discussed the labor market and strategies to boost job growth. The interview took place at the presidential residence and concluded just before Trump’s national economic address Wednesday night. Attendees included U.S. Treasury Secretary Besent, White House Chief of Staff Wells, and Deputy Chief of Staff Scavino. Officials added BlackRock’s Rick Rieder will be interviewed at Mar-a-Lago in the final week of this year.

6 minutes ago

Federal Reserve's Williams: Low CPI Data Due to Technical Factors, Not in a Hurry to Adjust Monetary Policy

On Friday, December 19, New York Fed President William said some "technical factors" may have distorted November’s Consumer Price Index (CPI) data, pushing it below actual levels. Williams noted: "There are special real-world factors tied to difficulty collecting data in October and the first half of November. As a result, I believe certain category data has been distorted, which may have depressed the CPI by roughly 0.1 percentage point." He also stated the U.S. economy is currently in "solid shape" and hinted he expects to eventually see a rate cut. However, he stressed he’s not rushing to adjust monetary policy. (FXStreet)

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Circle CEO: Stablecoins Will Experience a 'Breakthrough' in 2026

On December 19, Circle CEO Jeremy Allaire posted: "Who wants to predict stablecoin development trends for 2026? I think 'BOOM' sums it up best."

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Federal Reserve's Williams: Fed Currently Not Conducting Asset Purchases for Quantitative Easing

On December 19, Federal Reserve’s William stated that the Fed has not yet implemented quantitative easing through asset purchases. (FXStreet)

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Federal Reserve's Williams: Fed Policy is Already in an Accommodative Position, No Urgency to Take Further Action

On December 19, Federal Reserve’s Williams stated the Fed’s current policy is in a good place, allowing for more information gathering. Employment data aligns with a gradual cooling in the labor market, and there’s no sense of urgency for further action right now. His personal view is the neutral real interest rate is slightly below 1%. (Source: FXStreet)

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